NURE vs. HIPS ETF Comparison

Comparison of NuShares Enhanced Yield US Aggregate Bond ETF (NURE) to Master Income ETF (HIPS)

NURE

NuShares Enhanced Yield US Aggregate Bond ETF

NURE Description

Fund seeks to track the investments results, before fees and expenses, of the Dow Jones U.S. Select Short-Term REIT Index.

Grade (RS Rating)

Last Trade

$33.54

Average Daily Volume

6,297

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

$13.08

Average Daily Volume

31,473

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NURE	HIPS
30 Days	1.14%	2.25%
60 Days	-4.17%	1.38%
90 Days	1.33%	3.36%
12 Months	21.15%	19.42%

1 Overlapping Holdings

	Symbol	Grade	Weight in NURE	Weight in HIPS	Overlap
	PK	D	2.54%	2.41%	2.41%

NURE Overweight 32 Positions Relative to HIPS

Symbol	Grade	Weight
RHP	B	5.56%
HST	D	5.32%
AVB	B	5.08%
ESS	B	5.03%
CPT	C	5.03%
UDR	C	4.96%
ELS	B	4.91%
MAA	B	4.89%
EQR	C	4.88%
AMH	C	4.79%
INVH	D	4.77%
EXR	C	4.76%
PSA	D	4.73%
CUBE	D	4.61%
SUI	C	4.48%
IRT	A	3.87%
APLE	B	2.89%
NSA	C	2.45%
SHO	D	1.7%
DRH	B	1.55%
XHR	B	1.27%
RLJ	C	1.23%
VRE	A	1.22%
PEB	F	1.22%
ELME	D	1.21%
UMH	B	1.11%
CSR	B	0.92%
AIV	C	0.91%
NXRT	A	0.82%
INN	D	0.56%
SVC	F	0.38%
CLDT	C	0.36%

NURE Underweight 36 Positions Relative to HIPS

Symbol	Grade	Weight
BGX	A	-2.79%
LTC	B	-2.79%
JQC	A	-2.78%
JFR	A	-2.75%
ARCC	A	-2.72%
ET	A	-2.68%
SLRC	A	-2.66%
FSK	A	-2.65%
EFT	A	-2.64%
EPD	A	-2.64%
FCT	A	-2.63%
FDUS	A	-2.62%
BXSL	A	-2.62%
BLW	C	-2.6%
MPLX	A	-2.6%
DMLP	A	-2.6%
GTY	A	-2.59%
CQP	B	-2.56%
GBDC	B	-2.55%
NBB	D	-2.54%
KRP	B	-2.53%
DSU	A	-2.52%
ALX	D	-2.49%
PAA	B	-2.48%
SBRA	B	-2.48%
WES	C	-2.48%
GLPI	C	-2.48%
OHI	C	-2.46%
USAC	B	-2.44%
BSM	B	-2.44%
EPR	D	-2.28%
NMFC	D	-2.26%
GSBD	F	-2.2%
NNN	C	-2.18%
NHS	D	-2.02%
GNL	D	-1.83%