HIPS vs. YYY ETF Comparison

Comparison of Master Income ETF (HIPS) to YieldShares High Income ETF (YYY)

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

$12.60

Average Daily Volume

26,346

Number of Holdings ^*

* may have additional holdings in another (foreign) market

YYY

YieldShares High Income ETF

YYY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High IncomeTM Index (the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. Because the index is comprised of securities issued by other investment companies, the fund operates in a manner that is commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds included in the index. The index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds.

Grade (RS Rating)

Last Trade

$11.66

Average Daily Volume

266,173

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HIPS	YYY
30 Days	-0.10%	-1.66%
60 Days	3.04%	1.35%
90 Days	3.03%	2.22%
12 Months	18.66%	12.94%

2 Overlapping Holdings

	Symbol	Grade	Weight in HIPS	Weight in YYY	Overlap
	JFR	A	2.58%	3.02%	2.58%
	JQC	A	2.54%	3.0%	2.54%

HIPS Overweight 35 Positions Relative to YYY

Symbol	Grade	Weight
WES	A	3.05%
PAA	A	2.98%
NS	C	2.91%
ET	A	2.82%
BXSL	A	2.79%
MPLX	A	2.73%
GBDC	A	2.71%
EPD	A	2.69%
DMLP	B	2.61%
EFT	A	2.6%
BGX	A	2.6%
PK	C	2.57%
USAC	D	2.56%
GSBD	A	2.56%
FCT	A	2.53%
ARCC	A	2.52%
FDUS	A	2.48%
SLRC	A	2.46%
OHI	B	2.41%
BSM	A	2.4%
LTC	A	2.39%
NMFC	B	2.39%
DSU	C	2.38%
BLW	C	2.38%
FSK	A	2.36%
CQP	C	2.35%
ALX	D	2.34%
FSD	C	2.34%
SBRA	C	2.31%
NBB	D	2.26%
GTY	B	2.26%
NNN	C	2.26%
GLPI	F	2.12%
EPR	D	2.03%
GNL	D	1.65%

HIPS Underweight 39 Positions Relative to YYY

Symbol	Grade	Weight
PDI	B	-3.55%
ECC	A	-3.45%
PDO	A	-3.4%
OXLC	C	-3.35%
KYN	A	-3.04%
FPF	C	-2.98%
BGB	A	-2.92%
JPC	B	-2.9%
BTZ	C	-2.83%
USA	B	-2.78%
CEM	A	-2.76%
RA	D	-2.75%
AOD	B	-2.69%
NFJ	C	-2.67%
EVV	C	-2.65%
WIW	B	-2.65%
VVR	A	-2.55%
MUC	D	-2.39%
FFC	C	-2.36%
HYT	A	-2.35%
PTY	C	-2.28%
DSL	C	-2.25%
NAC	C	-1.78%
NEA	D	-1.69%
PFN	C	-1.68%
NZF	D	-1.65%
HFRO	C	-1.65%
PHK	C	-1.47%
NVG	D	-1.45%
NAD	D	-1.25%
MUI	D	-1.13%
MHD	D	-1.0%
FAX	C	-0.92%
NRK	D	-0.87%
MYI	D	-0.77%
AWF	B	-0.74%
MUJ	D	-0.57%
PCN	D	-0.53%
MYD	D	-0.5%

YYY: Top Represented Industries & Keywords

Industries: Asset Management