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
$48.88
Average Daily Volume
89,873
18
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
$13.01
Average Daily Volume
37,341
37
Performance
| Period | MLPA | HIPS |
|---|---|---|
| 30 Days | 3.06% | 1.35% |
| 60 Days | 3.19% | 0.98% |
| 90 Days | 3.75% | 3.71% |
| 12 Months | 19.32% | 19.46% |
MLPA Underweight 30 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | -2.79% | |
| LTC | B | -2.78% | |
| JQC | A | -2.77% | |
| JFR | A | -2.76% | |
| ARCC | A | -2.7% | |
| BXSL | B | -2.66% | |
| ALX | D | -2.66% | |
| EFT | A | -2.63% | |
| FCT | A | -2.63% | |
| FSK | A | -2.62% | |
| BLW | C | -2.62% | |
| GTY | C | -2.6% | |
| SLRC | A | -2.58% | |
| DMLP | A | -2.57% | |
| GBDC | A | -2.56% | |
| KRP | C | -2.55% | |
| NBB | D | -2.55% | |
| FDUS | A | -2.52% | |
| SBRA | C | -2.52% | |
| DSU | A | -2.52% | |
| GLPI | D | -2.5% | |
| OHI | C | -2.46% | |
| PK | C | -2.46% | |
| BSM | A | -2.41% | |
| EPR | D | -2.31% | |
| GSBD | F | -2.27% | |
| NNN | D | -2.16% | |
| NMFC | D | -2.15% | |
| NHS | D | -2.04% | |
| GNL | D | -2.0% |
MLPA: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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