JRE vs. HIPS ETF Comparison

Comparison of Janus Henderson U.S. Real Estate ETF (JRE) to Master Income ETF (HIPS)
JRE

Janus Henderson U.S. Real Estate ETF

JRE Description

An actively managed equity Portfolio that seeks compelling outperformance by investing in REITs and real estate related businesses. Our emphasis on local property market knowledge combined with a repeatable, disciplined investment process seeks to provide defensive growth, diversification relative to broad equities and fixed income, and dividends for investors.

Grade (RS Rating)

Last Trade

$20.92

Average Daily Volume

944

Number of Holdings *

20

* 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

$12.69

Average Daily Volume

25,684

Number of Holdings *

37

* may have additional holdings in another (foreign) market
Performance
Period JRE HIPS
30 Days -4.16% -0.36%
60 Days -6.10% 2.73%
90 Days -4.42% 5.63%
12 Months -2.48% 22.09%
2 Overlapping Holdings
Symbol Grade Weight in JRE Weight in HIPS Overlap
NNN A 4.22% 2.28% 2.28%
SBRA B 4.92% 2.38% 2.38%
JRE Overweight 18 Positions Relative to HIPS
Symbol Grade Weight
EQIX F 9.81%
WELL A 8.33%
PLD D 7.05%
EXR C 6.08%
AVB A 5.84%
CUBE D 5.43%
UDR B 4.55%
STAG D 3.98%
KRC D 3.71%
KIM C 3.64%
FR D 3.52%
AMH D 3.49%
COLD F 3.38%
ADC B 3.27%
SBAC F 3.23%
WH D 2.49%
CBRE D 2.2%
MAC D 1.58%
JRE Underweight 35 Positions Relative to HIPS
Symbol Grade Weight
WES A -3.08%
NS D -2.99%
PAA B -2.97%
ET A -2.83%
BXSL A -2.83%
GBDC A -2.81%
MPLX A -2.79%
EPD C -2.64%
PK D -2.63%
GSBD A -2.61%
EFT A -2.59%
JQC A -2.57%
JFR A -2.57%
BGX A -2.57%
DMLP C -2.54%
FCT A -2.54%
USAC D -2.53%
ARCC A -2.52%
FDUS B -2.51%
SLRC A -2.5%
BSM B -2.48%
LTC A -2.43%
OHI A -2.42%
DSU C -2.41%
NMFC A -2.41%
FSD A -2.39%
BLW C -2.38%
CQP C -2.38%
FSK B -2.32%
ALX C -2.31%
GTY C -2.25%
NBB C -2.25%
GLPI F -2.12%
EPR D -2.04%
GNL D -1.7%
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