HIPS
GraniteShares HIPS US High Income ETF
Fund Objective
The GraniteShares HIPS US High Income ETF seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index*.
*The Fund sought to track the TFMS HIPS until March 15, 2023.
Key Features
Access Alternative Income: HIPS provides a simple and diversified exposure to 4 alternative income categories - MLPs, REITs, BDCs and Closed-end funds.
Monthly Distribution: HIPS pays a monthly distribution providing a regular and steady source of income.
Seeks Constant Distribution: HIPS has maintained a 10.75 cent distribution per share each month since inception (01/06/2015).
Tax Efficiency and no K-1: Over 50% of the HIPS distributions historically have been treated as return of capital. HIPS doesn’t generate a K-1.
Key Facts
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the fund’s most recent month end performance, please call 1(844) 476-8747
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
5 Year |
Since Inception |
|---|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund’s most recent month end performance, please call 1(844) 476-8747
* on March 15, 2023 the fund benchmark was changed from the TFMS HIPS Index to the EQM High Income Pass-Through Securities Index
Download Holding as of November 25, 2024
Fund Sector Breakdown
Sector breakdowns are subject to change
Top 10 Fund Exposures
Fund exposures are subject to change
Distribution Calendar
Fund Yield As of September 30, 2024
|
SEC 30-Day Yield
|
7.88% |
| Distribution Rate |
9.98% |
| 12 Month Distribution |
9.98% |
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the fund’s most recent month end performance, please call 1(844) 476-8747
|
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
5 Year |
Since Inception |
|---|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund’s most recent month end performance, please call 1(844) 476-8747
* on March 15, 2023 the fund benchmark was changed from the TFMS HIPS Index to the EQM High Income Pass-Through Securities Index
Fund Sector Breakdown
Sector breakdowns are subject to change
Top 10 Fund Exposures
Fund exposures are subject to change
Distribution Calendar
Fund Yield As of September 30, 2024
|
SEC 30-Day Yield
|
7.88% |
| Distribution Rate |
9.98% |
| 12 Month Distribution |
9.98% |
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Latest Premium Discount
Data for the current quarter
Historical Premium/Discount Line Chart
Chart Description
The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.
Premium/Discount Frequency
Chart Description
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value (or NAV). The market price is the last price as published by the exchange on which the Fund is listed. It is generally the average of the bid-ask prices at 4:00 PM ET. The NAV is calculated by reference to the closing price of the positions held by the Fund. The vertical axis of the chart shows the premium or discount of the market price as percentage of the NAV. The horizontal axis shows the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Possible time Discrepancies
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
