TOLZ vs. HIPS ETF Comparison

Comparison of ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) to Master Income ETF (HIPS)

TOLZ

ProShares DJ Brookfield Global Infrastructure ETF

TOLZ Description

The investment seeks investment results before fees and expenses that track the performance of the Dow Jones Brookfield Global Infrastructure Composite Index (the "index"). The index consists of companies domiciled globally that qualify as "pure-play" infrastructure companies-companies whose primary business is the ownership and operation of infrastructure assets, activities that generally generate long-term stable cash flows. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities.

Grade (RS Rating)

Last Trade

$45.47

Average Daily Volume

19,954

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

$12.68

Average Daily Volume

22,263

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLZ	HIPS
30 Days	-3.94%	-0.93%
60 Days	4.28%	3.99%
90 Days	0.81%	2.85%
12 Months	2.94%	15.73%

6 Overlapping Holdings

Symbol	Grade	Weight in TOLZ	Weight in HIPS	Overlap
CQP	D	0.12%	2.34%	0.12%
EPD	C	2.57%	2.69%	2.57%
ET	D	2.84%	2.82%	2.82%
MPLX	B	0.89%	2.8%	0.89%
PAA	D	0.49%	2.86%	0.49%
WES	B	0.46%	3.36%	0.46%

TOLZ Overweight 42 Positions Relative to HIPS

Symbol	Grade	Weight
AMT	B	5.62%
WMB	A	3.12%
SRE	B	2.93%
OKE	D	2.89%
CCI	C	2.68%
PCG	B	2.42%
KMI	B	2.36%
LNG	D	2.32%
EXC	D	2.22%
ED	D	1.96%
EIX	B	1.74%
TRGP	B	1.65%
AWK	B	1.54%
SBAC	D	1.28%
ES	D	1.27%
CNP	A	1.18%
ATO	C	1.07%
NI	B	0.73%
WTRG	B	0.58%
PAC	C	0.57%
ASR	D	0.5%
DTM	B	0.42%
SBS	D	0.42%
AM	B	0.31%
NJR	C	0.27%
SWX	D	0.27%
PAGP	D	0.22%
OMAB	F	0.22%
OGS	F	0.21%
ENLC	D	0.2%
SR	D	0.2%
NWE	C	0.19%
HESM	C	0.19%
CWT	D	0.17%
AWR	D	0.16%
CPK	C	0.15%
GEL	B	0.09%
NFE	F	0.09%
SJW	F	0.09%
NWN	F	0.08%
UTL	D	0.05%
CWCO	F	0.02%

TOLZ Underweight 30 Positions Relative to HIPS

Symbol	Grade	Weight
BXSL	B	-2.85%
BGX	A	-2.78%
SLRC	B	-2.76%
JQC	A	-2.7%
JFR	A	-2.69%
ARCC	B	-2.68%
EFT	A	-2.67%
GBDC	D	-2.63%
GSBD	C	-2.6%
LTC	B	-2.6%
FCT	C	-2.6%
OHI	A	-2.59%
FDUS	C	-2.56%
FSK	B	-2.56%
FSD	A	-2.55%
DMLP	D	-2.54%
BLW	A	-2.54%
DSU	A	-2.53%
USAC	D	-2.51%
BSM	D	-2.5%
NMFC	D	-2.45%
ALX	C	-2.42%
NNN	B	-2.42%
PK	D	-2.42%
NBB	B	-2.41%
SBRA	B	-2.41%
GTY	D	-2.33%
GLPI	C	-2.21%
EPR	D	-2.07%
GNL	D	-1.84%