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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 offers 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.

HIPS Fact Summary

TickerHIPS
IndexEQM High Income Pass-Through Securities Index*
Management Fees0.70% per annum
Acquired Fund Fees and Other Expenses0.90% per annum
Total Expense Ratio- per annum
Base CurrencyUSD
Nav as of --
Closing Price as of --
Premium / Discount -
30-Day Median bid/ask spread 0.50%
SEC 30-Day Yield -
Distribution Rate -
Distribution FequencyMONTHLY
CUSIP38747R 306
ExchangeNYSE Arca
Inception Date

High Income Potential

HIPS invests in some of the highest yielding securities across alternative income categories.

Complement Fixed Income Portfolio

Alternative income categories have been uncorrelated to conventional fixed income and can help reduce fixed income portfolio risks while boosting yields.

Diversified Exposure to Alternative Income

Blended, risk equally weighted exposure to MLPs, BDCs, REITs and CEFs seeking stable income distributions across various market environments.

New Investor Update GraniteShares Reaches $11 Billion in Assets Under Management View GraniteShares Reaches $11 Billion in Assets Under Management

HIPS Details

Listing & Codes
Exchange Trading Currency Ticker ISIN SEDOL WKN
Performance Details
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Data as of
View Premium Discounts Data & Charts
All Data on Total Return Basis 1 Month 3 Months YTD 1 Year 3 Years Since Inception
Portfolio
Fund Sector Breakdown
as of -
Sector Allocation REITS 25.75% CLOSED END FUNDS 24.80% MLPS 24.70% ASSET MANAGEMENT AND BDC 24.65% CASH AND CASH EQUIVALENTS 0.10%
Fund Sector Breakdown are subject to change
Top 10 Fund Exposures
as of -
Underlying Allocation PennyMac Mortgage Investment Trust 2.90% USA Compression Partners LP 2.85% Hess Midstream LP 2.85% Two Harbors Investment Corp. 0.00% MPLX LP 2.80% Annaly Capital Management, Inc. 2.75% Global Net Lease Inc 2.75% Ellington Financial Inc 2.70% Enterprise Products Partners L 2.70% Morgan Stanley Emerging Markets Debt Fund Inc 2.60%
Top 10 Fund Exposures are subject to change
Download Holdings as of -
Distribution
Fund Yield as of
30-Day SEC Yield N/A Distribution Rate N/A 12 Month Distribution N/A
Distribution Calendar as of
Ex Date Record Date Pay Date $/Share Ordinary Income Short Term Gains Long Term Gains Return of Capital
Distributions are not guaranteed
Investor Documents
Document Name
GraniteShares ETF Trust HIPS Summary Prospectus Regulatory GraniteShares ETF Trust Prospectus Regulatory GraniteShares ETF Trust SAI Regulatory HIPS - Annual Report - June 2024 Regulatory HIPS– Annual report – June 2023 Regulatory HIPS – Annual Report – June 2022 Regulatory HIPS – Semi-annual Report – December 2024 Regulatory HIPS – Semi-Annual Report – December 2022 Regulatory HIPS – TSR – December 2024 Regulatory HIPS - TSR-June 2024 Regulatory HIPS N-PORT March 2024 Regulatory HIPS– TSR – June 2025 Regulatory HIPS 2025 June 30 Annual Report Regulatory Factsheet Marketing Holdings File Marketing Product List Marketing 2023 Graniteshares ETF ICI Primary Tax 2023 Graniteshares ETF ICI Secondary Tax 2022 Graniteshares ETFs ICI Primary Tax 2022 Graniteshares ETFs ICI Secondary Tax 2021 Graniteshares ETFs ICI Primary Tax 2021 Graniteshares ETFs ICI Secondary Tax GraniteShares HIPS US High Income ETF 19(a) Notice April 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice June 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice May 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice July 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice August 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice September 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice October 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice November 2024 Tax GraniteShares HIPS US High Income ETF 19(a) Notice January 2025 Tax GraniteShares HIPS US High Income ETF 19(a) Notice February 2025 Tax GraniteShares HIPS US High Income ETF 19(a) Notice March 2025 Tax 19a1 Notice June 27, 2025 HIPS Tax 19a1 Notice July, 2025 HIPS Tax
View All Documents
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Premium/Discount Data & Charts
Latest Premium Discount
Latest Premium Discount
as of June 13, 2025
NAVCONI PriceCONI Premium / (Discount)CONI
Data for the current quarter
as of June 13, 2025
Days at PremiumCONI Days at NAVCONI Days at DiscountCONI
-Year 2024 Days at PremiumCONICONI Days at NAVCONICONI Days at DiscountCONICONI
as of March 31, 2025 Greatest PremiumCONI Greatest DiscountCONI Days Between -0.5% to 0.0%CONI Days Between 0.0% to 0.5%CONI
Historical Premium/Discount Chart
as of March 31, 2025

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

as of March 31, 2025

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.