MLPA vs. HIPS ETF Comparison

Comparison of Global X MLP ETF (MLPA) to Master Income ETF (HIPS)
MLPA

Global X MLP ETF

MLPA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.26

Average Daily Volume

277,792

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

$15.03

Average Daily Volume

44,318

Number of Holdings *

45

* may have additional holdings in another (foreign) market
Performance
MLPA HIPS
30 Days 8.01% 1.41%
60 Days 4.50% 2.73%
90 Days 20.35% 5.40%
12 Months 43.21% 46.38%
9 Overlapping Holdings
Grade Symbol Weight in MLPA Weight in HIPS Overlap
A BPMP 3.69% 1.02% 1.02%
A DCP 4.89% 1.1% 1.1%
B DKL 1.83% 1.17% 1.17%
A ET 10.69% 1.11% 1.11%
A HEP 5.49% 1.17% 1.17%
A MPLX 7.21% 1.02% 1.02%
A PAA 5.68% 0.89% 0.89%
A PSXP 5.64% 0.92% 0.92%
A SHLX 5.13% 1.02% 1.02%
MLPA Overweight 11 Positions Relative to HIPS
Grade Symbol Weight
A EPD 9.18%
A MMP 7.94%
B CEQP 5.63%
A GEL 5.3%
A WES 5.24%
C NS 4.27%
C CQP 4.23%
B NBLX 2.97%
B PBFX 2.23%
A OMP 1.57%
C ENLC 1.17%
MLPA Underweight 36 Positions Relative to HIPS
Grade Symbol Weight
C PSEC -1.26%
B BSM -1.2%
B ABR -1.12%
A IRM -1.12%
C MAIN -1.11%
C STWD -1.1%
A FSK -1.09%
B OCSL -1.06%
B BCSF -1.06%
D OPI -1.06%
C ARCC -1.06%
C GNL -1.05%
B HTGC -1.05%
B AB -1.04%
C NMFC -1.03%
B CIM -1.03%
B SRC -1.03%
C USAC -1.02%
C GBDC -1.02%
C ORCC -1.02%
B SUN -1.01%
A BEN -1.0%
C TSLX -1.0%
A AM -0.99%
B BDN -0.98%
C BXMT -0.97%
B APO -0.97%
B AGNC -0.97%
B KREF -0.95%
D ALX -0.94%
B CXP -0.94%
B NLY -0.93%
C APAM -0.9%
A PAGP -0.88%
D ETRN -0.84%
D GEO -0.77%
Compare ETFs