AINP vs HISF: Grades, Fees and Holdings Compared

Allspring Income Plus ETF

AINPANYSE Arca

First Trust High Income Strategic Focus ETF

HISFCNasdaq

Overlap

0.0%by weight

Expense ratio

AINP −0.47pt a year

AINP0.36%HISF0.83%

Avg volume · 30D

HISF 2.1×the volume

AINP5.77KHISF11.8K

AINP vs HISF Performance

Nov 7, 2025 – Nov 9, 2026

+2.4%AINP+0.7%HISF

Expense ratio: AINP 0.36%, better; HISF 0.83%
Fund size: AINP $251M; HISF $91M
1Y total return: AINP +2.4%, better; HISF +0.7%
Yield (12M): AINP 5.79%, better; HISF 5.21%
Holdings: AINP 428; HISF 12
Avg volume (30D): AINP 5.77K sh; HISF 11.8K sh, better
NAV per share: AINP $24.39; HISF $43.13
52W range

ETF.net Grade

Pillar letters and Scores for AINP, HISF, with each pillar’s weight
Pillar	AINP	HISF
Cost30% weight	A92Higher	F21
Mission25% weight	A94Higher	B56
Risk15% weight	B65Higher	C52
Tradability15% weight	F20	A71Higher
Holdings10% weight	B55Higher	C42
Durability5% weight	B68	A75Higher

Rank among Multi-Sector Bond Income funds

How we build Categories ›

Same Category. AINP and HISF are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds

See all 23 ›

AINP ranks 2nd and HISF 14th of 23 funds in the Multi-Sector Bond Income Category.

Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 86
Rank 2AAINPAllspring Income Plus ETFScore 72
Rank 3AGINCGoldman Sachs ETF TrustScore 71
Rank 13CWTBNWisdomTree Bianco Total Return FundScore 48
Rank 14CHISFFirst Trust High Income Strategic Focus ETFScore 46
Rank 15CFFLXFIRST TRUST FLEXIBLE INCOME ETFScore 45

Our read on each fund

ETF.net Research

AINPAAllspring Income Plus ETF

HISFCFirst Trust High Income Strategic Focus ETF

In short

AINP No data

HISF An income-first fund that ranks risk-adjusted income above raw yield, with capital appreciation as the second job. Trading since 2014, paying monthly, built on fixed income, and charging 0.83% for the active work.

Stated mandate

AINP No data

HISF The Fund seeks risk-adjusted income as its primary objective and capital appreciation secondarily.

Why people hold it

AINP No data

HISF Pays monthly, so income arrives on a schedule closer to the one your expenses run on.
The mandate is explicit: risk-adjusted income first, capital appreciation second. That ordering tells you what gets priority when the two pull against each other.
Live since 2014, so there is a real operating history across very different rate regimes behind it, not a backtest.
Fixed income does the heavy lifting here, an income-built portfolio sitting in a peer group dominated by stock-and-bond allocation funds.

Worth knowing

AINP No data

HISF At 0.83% a year, it runs above the typical expense ratio in its multi-asset peer group. Active income selection is what that premium buys.
Cheaper allocation options share the peer group: AOA at 0.19%, IRTR at 0.08%. Neither is built around an income-first mandate.
It trades thinly for its category, so limit orders and a look at the spread matter more here than with the household names.

Full AINP profile⁠

Full HISF profile⁠

AINP vs HISF Holdings

How AINP and HISF differ

Overlap by weight

0.0%

About this figure: HISF holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Countryby domicile80.5%
Sector13 Sectors92.2%

Sector

Sector weights in AINP and HISF, widest gap first
Sector	Gap	AINP	HISF
Securitized	AINP +7.6 points	36.9%	29.3%
Financials	HISF +3.1 points	0.0%	3.1%
Government	HISF +2.5 points	20.7%	23.2%
Utilities	HISF +0.9 points	0.0%	0.9%
Communication	HISF +0.5 points	0.0%	0.5%
Municipal	HISF +0.3 points	0.0%	0.3%
Real Estate	HISF +0.3 points	0.0%	0.3%
Corporate	AINP +0.2 points	42.5%	42.3%
Consumer Discretionary	HISF +0.1 points	0.0%	0.1%
Energy	Same weight	0.0%	0.0%
Consumer Staples	Same weight	0.0%	0.0%
Industrials	Same weight	0.0%	0.0%
Materials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in AINP and HISF, widest gap first
Country	Gap	AINP	HISF
United States	HISF +19.5 points	80.5%	100.0%
Colombia	AINP +3.0 points	3.0%	0.0%
Australia	AINP +2.7 points	2.7%	0.0%
France	AINP +2.5 points	2.5%	0.0%
United Kingdom	AINP +2.4 points	2.4%	0.0%
Brazil	AINP +1.8 points	1.8%	0.0%
Italy	AINP +1.8 points	1.8%	0.0%
Belgium	AINP +1.1 points	1.1%	0.0%
Other countries (7)	AINP +4.2 points	4.2%	0.0%

Concentration

Weight in the 10 largest Holdings

AINP40.6%
HISF95.1%

Securities held

AINP355
HISF11

Asset class

AINP: Bonds
HISF: Multi-Asset

Holdings

Only in AINP355
In both0
Only in HISF11

Only in AINP

355 securities, 100% of AINP by weight

Ginnie Mae 04/20/20567.91%
Umbs Tba 30yr 5% November Delivery7.76%
Umbs Tba 30yr 6% November Delivery7.06%
U.S. Treasuries6.54%
Umbs Tba 30yr November Delivery5.04%
Government of Colombia3.24%
Government of Australia2.94%
Government of United Kingdom2.57%
Government of France2.45%
Allspring Govt Mmkt2.42%
Fhlmc2.33%
Government of Brazil2.00%
Government of Italy1.96%
Gnma1.63%
Government of Mexico1.59%
GNMA Series Association- Class1.22%
Government of Norway1.01%
Government of Peru0.98%
Government of Belgium0.97%
Government of South Africa0.96%
Fnma0.85%
Global Payments Inc.0.68%
Centersquare Issuer Llc Cnsq 2024 1A A2 144A0.62%
Scf Equipment Leasing 2026-1 LLC0.58%
JPMorgan Chase & Co.0.58%
Morgan Stanley0.53%
PetSmart LLC0.47%
Goldman Sachs Group, Inc.0.45%
Elfi Graduate Loan Program Llc Elfi 2026 A A 144A0.45%
Umbs Tba 15yr November Delivery0.43%
Blue Owl Capital Corporation0.42%
Banco Mercantil Del Norte Sa (grand Cayman Branch) Perp0.42%
Subway Funding Series 2024-30.41%
Wintershall Dea FinanceBv Perp0.40%
Avant Loans Funding Trust Avnt 2024 REV1 B 144A0.40%
Jp Morgan Mortgage Trust Jpmmt 2025 CES1 A3 144A0.40%
Athene Global Funding0.39%
LevelFinancing, Inc.0.39%
Beach Acquisition Bidco, LLC0.38%
Chemours Company0.38%
Verus Securitization Trust 2024-90.38%
Bp Capital Markets P.l.c. Perp0.37%
Jack In The Box Funding 2019-10.36%
DNB Bank ASA0.36%
Government of Trinidad & Tobago0.36%
Raiffeisen Bank International AG0.35%
Var Energi ASA0.35%
Aegis Lux 1A S.a r.l.0.35%
Bankinter SA0.35%
Oracle Corporation0.35%

Only in HISF

11 securities, 99.98% of HISF by weight

First Trust Core Investment Grade ETF28.21%
First Trust Tactical High Yield ETF11.92%
First Trust Intermediate Duration Investment Grade Corporate ETF10.08%
First Trust Low Duration Opportunities ETF9.94%
First Trust Long Duration Opportunities ETF7.19%
First Trust Senior Loan Fund6.85%
First Trust Smith Opportunistic Fixed Income ETF6.02%
First Trust Structured Credit Income Opportunities ETF4.99%
First Trust Limited Duration Investment Grade Corporate ETF4.97%
First Trust Preferred Securities and Income ETF4.92%
First Trust Emerging Markets Local Currency Bond ETF4.90%

Weight gaps

AINP and HISF share no securities.

All 416 AINP holdings⁠All 11 HISF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AINP vs HISF Cost

Overpaying HISF vs AINP

$8,539

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AINP 0.36%
$7,320
HISF 0.83%
$15,859

Amount$10,000

Years30 years

Cost over time

AINP 0.36%
HISF 0.83%
Overpaying

Year by year

Year	AINP	HISF	Overpaying
10	$652	$1,474	$822
20	$2,522	$5,581	$3,059
30	$7,320	$15,859	$8,539

Expense ratio

0.36%AINP, cheaper
0.83%HISF

AINP0.36%HISF0.83%

0.30%1.13%

Middle half of Multi-Sector Bond Income funds
Median 0.60%

AINP 3rd cheapest of 23 funds

HISF 18th cheapest of 23 funds

AINP vs HISF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AINP 5.79%, better; HISF 5.21%
Payout (12M): AINP $1.42; HISF $2.25
Last payment: AINP $0.07; HISF $0.18
Ex-dividend: AINP Oct 23, 2026; HISF Oct 21, 2026
Paid on: AINP Oct 27, 2026; HISF Oct 30, 2026
Frequency: AINP Monthly; HISF Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AINPMonthly · 24 paymentsAll AINP payments⁠

HISFMonthly · 46 paymentsAll HISF payments⁠

AINP vs HISF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AINP 3.2%since Jan 2025HISF 5.2%
Return per unit of riskSharpe ratio, 3 years: AINP 0.08since Jan 2025HISF 0.25
Worst fallMax drawdown, 5 years: AINP −2.9%since Dec 2024HISF −13.2%
Market sensitivityBeta, 5 years: AINP 0.11HISF 0.88; Market = 1

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