YYY vs. HIPS ETF Comparison

Comparison of YieldShares High Income ETF (YYY) to Master Income ETF (HIPS)

YYY

YieldShares High Income ETF

YYY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High IncomeTM Index (the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. Because the index is comprised of securities issued by other investment companies, the fund operates in a manner that is commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds included in the index. The index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds.

Grade (RS Rating)

Last Trade

$12.10

Average Daily Volume

240,965

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	YYY	HIPS
30 Days	-0.73%	2.25%
60 Days	0.00%	1.38%
90 Days	2.67%	3.36%
12 Months	18.33%	19.42%

4 Overlapping Holdings

Symbol	Grade	Weight in YYY	Weight in HIPS	Overlap
DSU	A	0.97%	2.52%	0.97%
FCT	A	1.48%	2.63%	1.48%
JFR	A	3.17%	2.75%	2.75%
JQC	A	3.24%	2.78%	2.78%

YYY Overweight 44 Positions Relative to HIPS

Symbol	Grade	Weight
IGR	D	3.42%
BSTZ	B	3.1%
BCAT	A	3.08%
BIGZ	A	3.04%
HQH	D	3.03%
BMEZ	D	2.94%
FRA	A	2.72%
ASGI	A	2.66%
AVK	B	2.3%
HQL	D	2.17%
IGD	A	2.16%
HIX	A	2.15%
ZTR	A	1.98%
AWP	C	1.97%
JRI	A	1.96%
NCV	A	1.73%
EDD	D	1.64%
BGT	B	1.62%
RIV	C	1.49%
FTF	C	1.45%
KYN	A	1.03%
USA	A	1.01%
HYT	A	0.99%
NML	A	0.99%
DSL	C	0.97%
JPC	A	0.97%
ETV	A	0.96%
EVT	A	0.94%
ISD	C	0.94%
KIO	D	0.92%
BGB	A	0.92%
BTZ	D	0.92%
ASG	B	0.91%
EVV	C	0.91%
HIO	C	0.91%
EMD	C	0.89%
NPFD	A	0.89%
THQ	D	0.88%
NFJ	B	0.88%
ETW	B	0.87%
EXG	C	0.86%
RA	C	0.86%
IFN	D	0.85%
CPZ	C	0.79%

YYY Underweight 33 Positions Relative to HIPS

Symbol	Grade	Weight
BGX	A	-2.79%
LTC	B	-2.79%
ARCC	A	-2.72%
ET	A	-2.68%
SLRC	A	-2.66%
FSK	A	-2.65%
EFT	A	-2.64%
EPD	A	-2.64%
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%
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%
PK	D	-2.41%
EPR	D	-2.28%
NMFC	D	-2.26%
GSBD	F	-2.2%
NNN	C	-2.18%
NHS	D	-2.02%
GNL	D	-1.83%

YYY: Top Represented Industries & Keywords

Industries: Asset Management Other