HIPS vs. RAVI ETF Comparison
Comparison of Master Income ETF (HIPS) to FlexShares Ready Access Variable Income Fund (RAVI)
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
Grade (RS Rating)
Last Trade
$13.10
Average Daily Volume
31,472
37
RAVI
FlexShares Ready Access Variable Income Fund
RAVI Description
The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.Grade (RS Rating)
Last Trade
$75.43
Average Daily Volume
74,707
101
Performance
| Period | HIPS | RAVI |
|---|---|---|
| 30 Days | 2.93% | 0.38% |
| 60 Days | 1.80% | 0.67% |
| 90 Days | 2.88% | 1.22% |
| 12 Months | 19.87% | 5.43% |
1 Overlapping Holdings
| Symbol | Grade | Weight in HIPS | Weight in RAVI | Overlap | |
|---|---|---|---|---|---|
| ARCC | A | 2.72% | 0.3% | 0.3% |
HIPS Overweight 36 Positions Relative to RAVI
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | 2.79% | |
| LTC | B | 2.79% | |
| JQC | A | 2.78% | |
| JFR | A | 2.75% | |
| ET | A | 2.68% | |
| SLRC | A | 2.66% | |
| FSK | A | 2.65% | |
| EFT | A | 2.64% | |
| EPD | A | 2.64% | |
| FCT | A | 2.63% | |
| FDUS | A | 2.62% | |
| BXSL | A | 2.62% | |
| BLW | C | 2.6% | |
| MPLX | A | 2.6% | |
| DMLP | A | 2.6% | |
| GTY | A | 2.59% | |
| CQP | B | 2.56% | |
| GBDC | D | 2.55% | |
| NBB | D | 2.54% | |
| KRP | B | 2.53% | |
| DSU | A | 2.52% | |
| ALX | D | 2.49% | |
| PAA | B | 2.48% | |
| SBRA | C | 2.48% | |
| WES | C | 2.48% | |
| GLPI | C | 2.48% | |
| OHI | C | 2.46% | |
| USAC | B | 2.44% | |
| BSM | B | 2.44% | |
| PK | C | 2.41% | |
| EPR | C | 2.28% | |
| NMFC | D | 2.26% | |
| GSBD | F | 2.2% | |
| NNN | C | 2.18% | |
| NHS | D | 2.02% | |
| GNL | F | 1.83% |
HIPS Underweight 100 Positions Relative to RAVI
| Symbol | Grade | Weight | |
|---|---|---|---|
| VLO | C | -1.51% | |
| ED | C | -1.05% | |
| OGS | A | -1.05% | |
| OTIS | C | -0.95% | |
| PYPL | B | -0.95% | |
| KDP | F | -0.95% | |
| DHR | F | -0.86% | |
| LYB | F | -0.83% | |
| DTE | C | -0.77% | |
| GE | D | -0.76% | |
| TSN | B | -0.7% | |
| WM | B | -0.69% | |
| CI | D | -0.67% | |
| CM | A | -0.62% | |
| GP | F | -0.59% | |
| GILD | C | -0.59% | |
| TFC | A | -0.59% | |
| AIG | B | -0.57% | |
| SJM | D | -0.57% | |
| NEE | C | -0.57% | |
| BAC | A | -0.57% | |
| AZO | C | -0.52% | |
| NVDA | B | -0.52% | |
| BNS | A | -0.52% | |
| D | C | -0.51% | |
| BDX | F | -0.51% | |
| TD | D | -0.51% | |
| RY | A | -0.51% | |
| SYK | B | -0.49% | |
| CCI | C | -0.49% | |
| AON | A | -0.46% | |
| UNH | B | -0.43% | |
| BMY | B | -0.43% | |
| AMZN | C | -0.42% | |
| SCHW | B | -0.42% | |
| CRM | B | -0.4% | |
| VFC | C | -0.39% | |
| OGE | A | -0.39% | |
| ETR | B | -0.38% | |
| AEP | C | -0.38% | |
| CVX | A | -0.33% | |
| NDAQ | A | -0.31% | |
| T | A | -0.3% | |
| HSBC | A | -0.29% | |
| CFG | B | -0.29% | |
| MLM | C | -0.28% | |
| DELL | B | -0.28% | |
| CMCSA | B | -0.28% | |
| DB | D | -0.28% | |
| CP | F | -0.27% | |
| WFC | A | -0.26% | |
| CAT | B | -0.26% | |
| CLX | A | -0.26% | |
| LEN | D | -0.26% | |
| SO | C | -0.26% | |
| ATHS | D | -0.26% | |
| GS | A | -0.26% | |
| AL | B | -0.25% | |
| C | A | -0.24% | |
| CMS | C | -0.24% | |
| FIS | C | -0.23% | |
| MCHP | F | -0.22% | |
| FITB | B | -0.22% | |
| PPL | A | -0.22% | |
| FOXA | A | -0.21% | |
| NYC | D | -0.21% | |
| CNP | A | -0.2% | |
| SBUX | A | -0.18% | |
| LUV | C | -0.18% | |
| MKC | C | -0.17% | |
| AEE | A | -0.17% | |
| BHF | C | -0.17% | |
| CVS | D | -0.16% | |
| KEY | B | -0.16% | |
| SEB | F | -0.16% | |
| UBS | B | -0.16% | |
| PSX | C | -0.16% | |
| AZN | F | -0.15% | |
| NWG | A | -0.15% | |
| BA | F | -0.15% | |
| ICE | C | -0.15% | |
| MUFG | B | -0.14% | |
| MET | A | -0.13% | |
| DHI | F | -0.13% | |
| AMT | C | -0.13% | |
| CNH | C | -0.13% | |
| ABBV | F | -0.13% | |
| HPE | B | -0.11% | |
| EFX | F | -0.1% | |
| GM | C | -0.1% | |
| VZ | C | -0.1% | |
| MDLZ | F | -0.09% | |
| R | B | -0.08% | |
| HRL | D | -0.07% | |
| ROP | B | -0.07% | |
| DUK | C | -0.07% | |
| COF | C | -0.06% | |
| MS | A | -0.06% | |
| PCAR | B | -0.05% | |
| JPM | A | -0.03% |
HIPS: Top Represented Industries & Keywords
RAVI: Top Represented Industries & Keywords
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