RTAI vs. HIPS ETF Comparison
Comparison of Rareview Tax Advantaged Income ETF (RTAI) to Master Income ETF (HIPS)
RTAI
Rareview Tax Advantaged Income ETF
RTAI Description
The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund will invest in municipal bond closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. While it will invest primarily in closed-end funds, the fund may invest up to 30% of its assets in municipal or short term Treasury ETFs if in the adviser's discretion, the ETFs will provide a better investment opportunity or liquidity for the asset class. It is non-diversified.
Grade (RS Rating)
Last Trade
$21.84
Average Daily Volume
1,552
12
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
$13.09
Average Daily Volume
31,472
37
Performance
| Period | RTAI | HIPS |
|---|---|---|
| 30 Days | -1.54% | 2.93% |
| 60 Days | -2.87% | 1.80% |
| 90 Days | -0.78% | 2.88% |
| 12 Months | 12.84% | 19.87% |
0 Overlapping Holdings
| Symbol | Grade | Weight in RTAI | Weight in HIPS | Overlap |
|---|
RTAI Underweight 37 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 | D | -2.55% | |
| NBB | D | -2.54% | |
| KRP | B | -2.53% | |
| DSU | A | -2.52% | |
| ALX | D | -2.49% | |
| PAA | B | -2.48% | |
| SBRA | C | -2.48% | |
| WES | C | -2.48% | |
| GLPI | C | -2.48% | |
| OHI | C | -2.46% | |
| USAC | B | -2.44% | |
| BSM | B | -2.44% | |
| PK | C | -2.41% | |
| EPR | C | -2.28% | |
| NMFC | D | -2.26% | |
| GSBD | F | -2.2% | |
| NNN | C | -2.18% | |
| NHS | D | -2.02% | |
| GNL | F | -1.83% |
RTAI: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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