HYSA vs. HIPS ETF Comparison

Comparison of BondBloxx USD High Yield Bond Sector Rotation ETF (HYSA) to Master Income ETF (HIPS)

HYSA

BondBloxx USD High Yield Bond Sector Rotation ETF

HYSA Description

The fund is "actively managed" and does not seek to replicate the performance of a specified index. The fund is newly organized and operates as a "fund of funds," meaning that it primarily invests its assets in securities of other ETFs. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.81

Average Daily Volume

6,632

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$12.68

Average Daily Volume

22,263

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HYSA	HIPS
30 Days	0.17%	-0.93%
60 Days	1.64%	3.99%
90 Days	0.79%	2.85%
12 Months		15.73%

0 Overlapping Holdings

	Symbol	Grade	Weight in HYSA	Weight in HIPS	Overlap

HYSA Overweight 7 Positions Relative to HIPS

Symbol	Grade	Weight
XHYI	A	24.95%
XHYT	B	17.97%
XHYC	A	13.98%
XHYF	A	12.96%
XHYH	A	11.05%
XHYE	A	9.95%
XHYD	A	8.98%

HYSA Underweight 36 Positions Relative to HIPS

Symbol	Grade	Weight
WES	B	-3.36%
PAA	D	-2.86%
BXSL	B	-2.85%
ET	D	-2.82%
MPLX	B	-2.8%
BGX	A	-2.78%
SLRC	B	-2.76%
JQC	A	-2.7%
EPD	C	-2.69%
JFR	A	-2.69%
ARCC	B	-2.68%
EFT	A	-2.67%
GBDC	D	-2.63%
GSBD	C	-2.6%
LTC	B	-2.6%
FCT	C	-2.6%
OHI	A	-2.59%
FDUS	C	-2.56%
FSK	B	-2.56%
FSD	A	-2.55%
DMLP	D	-2.54%
BLW	A	-2.54%
DSU	A	-2.53%
USAC	D	-2.51%
BSM	D	-2.5%
NMFC	D	-2.45%
ALX	C	-2.42%
NNN	B	-2.42%
PK	D	-2.42%
NBB	B	-2.41%
SBRA	B	-2.41%
CQP	D	-2.34%
GTY	D	-2.33%
GLPI	C	-2.21%
EPR	D	-2.07%
GNL	D	-1.84%

HYSA: Top Represented Industries & Keywords

Industries:

Keywords: Bond Corporate Bond High Yield Debt Exchange Traded Funds Synthetic Replication Yield Banking Electronics Energy Sector Exchange Traded Fund Gas Distribution Health Services Healthcare Sector Investment Trust Oil Refining Real Estate Development Real Estate Investment Trust SPDR Telecommunications