Q: How would you compare HHL and LIFE for income
5i Research Answer:
The portfolios and strategies between LIFE and HHL are extremely similar and we do not see the need to hold both. The yield of both strategies are high, with LIFE having the edge, 10.01% vs 8.70%. But HHL has better peformance (5-year 13.16% vs 11.64%). LIFE's management fee is 0.60% and it has $306M in assets. HHL fee is 0.99% at $1.58B in net assets.