HIPS — Master Income

The fund employs a "passive management"-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the pe...

The fund employs a "passive management"-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the performance of up to 40 high income U.S.-listed securities that typically have "pass-through" structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. This "high income, pass-through" strategy is known as HIPS.

Industry

ETF

Exchange

AMEX

First trade date

2015-01-07

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