Equity Overview
Price & Market Data
Price: $11.96
Daily Change: +$0.0751 / 0.63%
Range: $11.94 - $11.98
Market Cap: $0
Volume: 1,475
Performance Metrics
1 Week: 2.64%
1 Month: -7.76%
3 Months: -9.08%
6 Months: -6.93%
1 Year: -5.65%
YTD: -7.02%
Details
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.