HIPS vs. SAMM ETF Comparison

Comparison of Master Income ETF (HIPS) to Strategas Macro Momentum ETF (SAMM)

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

$12.70

Average Daily Volume

35,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SAMM

Strategas Macro Momentum ETF

SAMM Description

SAMM seeks to provide long-term capital appreciation by holding a narrow portfolio of US-listed equities, including common stocks, REITs, MLPs, ADRs, BDCs, and shares of ETFs and closed-end funds. The fund adviser incorporates a proprietary macro, technical, and behavioral inputs in the portfolio selection process. The fund will buy, hold, and sell securities based on a trend-following investment approach that relies on technical signals (price characteristics and momentum inputs). Momentum inputs include recent absolute and relative rates of change, new highs/lows, moving average crosses, and technical studies like RSI and MACD. The fund may invest in securities of companies of any market capitalization. In adverse market conditions, as determined by technical signals, the fund will shift its investments to more defensive alternatives such as treasury ETFs, gold ETPs, or cash.

Grade (RS Rating)

Last Trade

$27.58

Average Daily Volume

4,223

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HIPS	SAMM
30 Days	-1.34%	-0.34%
60 Days	-0.18%	7.63%
90 Days	4.00%	13.73%
12 Months	15.30%

0 Overlapping Holdings

	Symbol	Grade	Weight in HIPS	Weight in SAMM	Overlap

HIPS Overweight 37 Positions Relative to SAMM

Symbol	Grade	Weight
LTC	A	2.86%
BGX	C	2.8%
JQC	C	2.76%
JFR	A	2.72%
ARCC	B	2.7%
FCT	A	2.67%
SBRA	B	2.67%
BXSL	B	2.65%
ALX	D	2.65%
GTY	C	2.65%
OHI	B	2.65%
BLW	C	2.64%
EFT	A	2.62%
GLPI	C	2.6%
ET	A	2.59%
SLRC	C	2.59%
NBB	C	2.57%
FSK	B	2.55%
GBDC	D	2.54%
DSU	C	2.53%
EPD	A	2.52%
FDUS	D	2.51%
KRP	B	2.5%
DMLP	A	2.49%
MPLX	A	2.49%
WES	D	2.47%
EPR	D	2.46%
CQP	B	2.44%
PAA	C	2.43%
NNN	D	2.41%
USAC	F	2.37%
BSM	C	2.35%
GSBD	F	2.33%
PK	D	2.32%
NMFC	F	2.23%
NHS	D	2.08%
GNL	D	2.02%

HIPS Underweight 28 Positions Relative to SAMM

Symbol	Grade	Weight
PLTR	B	-4.96%
CARR	D	-4.44%
MS	B	-4.28%
GS	B	-4.05%
ISRG	B	-3.99%
VRTX	D	-3.72%
PH	A	-3.67%
TTD	B	-3.6%
PNC	B	-3.59%
ORCL	B	-3.56%
D	C	-3.34%
CMI	B	-3.26%
GRBK	D	-3.12%
CNX	B	-3.11%
TTEK	A	-2.81%
IBM	D	-2.79%
PHYS	A	-2.79%
CCL	A	-2.58%
SPG	A	-2.47%
UBER	C	-2.45%
DY	D	-2.43%
FCX	B	-2.25%
VNO	B	-2.22%
NVDA	B	-2.17%
BABA	B	-1.99%
BMY	A	-1.94%
PYPL	B	-1.73%
SAN	A	-1.66%