HISF vs. INKM ETF Comparison

Comparison of First Trust High Income Strategic Focus ETF (HISF) to SPDR SSgA Income Allocation ETF (INKM)

HISF

First Trust High Income Strategic Focus ETF

HISF Description

First Trust High Income Strategic Focus ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC, First Trust Global Portfolios Limited, Richard Bernstein Advisors LLC, and Stonebridge Advisors, LLC. The fund invests in the public equity and fixed income markets of countries across the globe. For its equity portion, it seeks to invest in stocks of companies operating across diversified sectors. The fund invests in dividend paying stocks of small-cap, mid-cap, and large-cap companies. It also invests in stocks of master limited partnerships. For its fixed income portion, the fund invests in high yield corporate bonds and first lien senior secured floating rate bank loans, mortgage-related investments, and international sovereign bonds with varying maturity. First Trust High Income Strategic Focus ETF was formed on August 13, 2014 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.58

Average Daily Volume

3,791

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

INKM

SPDR SSgA Income Allocation ETF

INKM Description

The investment seeks to provide total return by focusing on investments in income and yield-generating assets. The fund invests substantially all of its assets in the SSgA Income Allocation Portfolio, a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. It invests the assets of the Portfolio among ETPs that provide exposure to four primary asset classes: (i) domestic and international equity securities; (ii) domestic and international investment grade and high yield debt securities; (iii) hybrid equity/debt securities; and (iv) REITs.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

18,276

Number of Holdings ^*

14

* may have additional holdings in another (foreign) market

Performance

Period	HISF	INKM
30 Days	1.36%	2.15%
60 Days	3.75%	4.90%
90 Days	5.36%	8.02%
12 Months	11.81%	19.13%

0 Overlapping Holdings

	Symbol	Grade	Weight in HISF	Weight in INKM	Overlap

HISF Overweight 7 Positions Relative to INKM

	Symbol	Grade	Weight
	FIXD	B	32.8%
	HYLS	B	14.9%
	LMBS	C	14.79%
	FSIG	A	9.85%
	LGOV	C	7.67%
	FTSL	B	7.25%
	FEMB	B	5.09%

HISF Underweight 14 Positions Relative to INKM

	Symbol	Grade	Weight
	SCHD	B	-9.09%
	SPYD	B	-8.98%
	GII	A	-8.2%
	EBND	A	-6.1%
	PSK	B	-6.04%
	EMHC	B	-5.98%
	SRLN	A	-5.94%
	CWB	A	-4.1%
	BIL	B	-3.95%
	IBND	A	-3.01%
	TIPX	A	-2.98%
	REM	C	-2.03%
	RWR	C	-1.98%
	DWX	A	-1.97%

HISF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Mortgage Backed Security Structured Finance Advisorshares Asset Backed Security Bank Loans Banking Bear Market ETF Betashares Bond Bond Market Index Commercial Mortgage Currency Debt Distressed Securities Exchange Traded Funds Financial Market Government Bonds

INKM: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund Bond Real Estate Investment Trust Bond Market Indices Dividend Bond Market Dividend Yield Management Cybernetics Preferred Stock State Street Global Advisors Stock Fund Barclays Blackstone Bloomberg Barclays Us Aggregate Bond Index Bloomberg L.P. Bond Market Index Collateralized Debt Obligation Convertible Bond