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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 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

  Fact Sheet
  Prospectus
Ticker
HIPS
Index
EQM High Income Pass-Through Securities Index*
Mangement Fees
0.70% per annum
Acquired Fund Fees and Other Expenses
1.29% per annum
Total Expense Ratio
1.99% per annum
Base Currency
USD
NAV as of Feb 28, 2024
$ 12.4153
Closing Price as of Feb 28, 2024
$ 12.4200
Premium / (Discount)15
0.04%
30-Day Median bid/ask spread15
0.50%
SEC 30-Day Yield 15
9.30 %
Distribution Rate 15
10.42 %
Distribution Fequency
MONTHLY
CUSIP
38747R306
Exchange
NYSE Arca
Inception Date
Jan 06, 2015

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

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 weighted exposure to MLPs, BDCs, REITs and CEFs seeking stable income distributions across various market environments.
All data on total return basis 15 1 Month 3 Months YTD 1 Year 15 5 Year 15 Since
Inception 15

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 Calendar15

Fund Yield As of December 31, 2023

SEC 30-Day Yield 15 9.30%
Distribution Rate15 10.42%
12 Month Distribution15 10.42%

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

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

All data on total return basis 15 1 Month 3 Months YTD 1 Year 15 5 Year 15 Since
Inception 15

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 Calendar15

Fund Yield As of December 31, 2023

SEC 30-Day Yield 15 9.30%
Distribution Rate15 10.42%
12 Month Distribution15 10.42%

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