IBHH vs. HIPS ETF Comparison

Comparison of iShares iBonds 2028 Term High Yield and Income ETF (IBHH) to Master Income ETF (HIPS)
IBHH

iShares iBonds 2028 Term High Yield and Income ETF

IBHH Description

The investment seeks to track the investment results of the Bloomberg 2028 Term High Yield and Income Index composed of U.S. dollar-denominated, high yield and other income generating corporate bonds maturing in 2028. The index is composed of U.S. dollar denominated, taxable, fixed-rate, high yield and BBB or equivalently rated corporate bonds scheduled to mature between January 1, 2028 and December 15, 2028, inclusive. The fund will invest in non-U.S. issuers to the extent necessary for it to track the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.02

Average Daily Volume

22,702

Number of Holdings *

7

* 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 *

36

* may have additional holdings in another (foreign) market
Performance
Period IBHH HIPS
30 Days -0.18% -0.93%
60 Days 1.96% 3.99%
90 Days 0.74% 2.85%
12 Months 9.44% 15.73%
1 Overlapping Holdings
Symbol Grade Weight in IBHH Weight in HIPS Overlap
CQP D 1.04% 2.34% 1.04%
IBHH Overweight 6 Positions Relative to HIPS
Symbol Grade Weight
THC B 1.27%
CCL C 1.09%
NFLX A 1.06%
CNC D 1.06%
OGN B 1.01%
SIRI F 0.95%
IBHH Underweight 35 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%
GTY D -2.33%
GLPI C -2.21%
EPR D -2.07%
GNL D -1.84%
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