Equity Overview
Price & Market Data
Price: $12.43
Daily Change: -$0.0201 / 0.16%
Daily Range: $12.38 - $12.45
Market Cap: $0
Daily Volume: 51,799
Performance Metrics
1 Week: 0.73%
1 Month: 2.76%
3 Months: 3.52%
6 Months: -5.43%
1 Year: -5.48%
YTD: -3.28%
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.