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GraniteShares

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 TFMS HIPS Index.

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 (7/1/2015).

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
TFMS HIPS Index
Mangement Fees
0.70% per annum
Acquired Fund Fees and Other Expenses
0.60% per annum
Total Expense Ratio
1.30% per annum
Base Currency
USD
NAV as of Sep 21, 2020
$ 11.84
SEC 30-Day Yield 15
9.04 %
Distribution Rate 15
10.55 %
Distribution Fequency
MONTHLY
CUSIP
38747R306
IOPV
HIPSIV
Exchange
NYSE Arca
Inception Date
Jan 06, 2015
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.
Data as of June 30, 2020
All data on total return basis 15 1 Month 3 Months YTD 1 Year 15 3 Year 15 Since
Inception 15
HIPS Market Price Return 15 15 2.27% 26.01% -27.26% -23.69% -6.34% -2.10%
HIPS NAV Return 15 15 2.50% 26.01% -26.66% -23.20% -6.11% -2.08%
Benchmark Return (TFMS HIPS Index) 15 15 2.59% 26.64% -26.62% -22.79% -5.43% -1.42%

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. Returns less than one year are not annualized.

For the fund’s most recent month end performance, please call 1(844) 476-8747

Fund Sector Breakdown

as of June 30, 2020
CLOSED END FUNDS 39.60%
ASSET MANAGEMENT AND BDC 28.80%
REITS 17.80%
MLPS 12.60%
CASH AND CASH EQUIVALENTS 1.20%

Sector breakdowns are subject to change

Top 10 Fund Exposures

as of June 30, 2020
WESTERN ASSET GLOBAL HIGH INCOME FUND INC. 2.92%
WESTERN ASSET HIGH INCOME FUND 2.92%
HIGH INCOME OPPORT FUND INC 2.90%
COHEN AND STEERS INC 2.89%
CLOUGH GLOBAL OPPORTUNITIES FUND 2.84%
BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST 2.78%
TRI-CONTINENTAL CORP 2.73%
ABERDEEN TOTAL DYNAMIC DIVIDEND FUND 2.71%
BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST 2.69%
ADVENT CONVERTIBLE AND INCOME FUND 2.65%

Fund exposures are subject to change

Distribution Calendar15

Fund Yield as of June 30,2020

SEC 30-Day Yield 15 9.04%
Distribution Rate15 10.55%
12 Month Distribution15 10.55%

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.

Data as of June 30, 2020
All data on total return basis 15 1 Month 3 Months YTD 1 Year 15 3 Year 15 Since
Inception 15
HIPS Market Price Return 15 15 2.27% 26.01% -27.26% -23.69% -6.34% -2.10%
HIPS NAV Return 15 15 2.50% 26.01% -26.66% -23.20% -6.11% -2.08%
Benchmark Return (TFMS HIPS Index) 15 15 2.59% 26.64% -26.62% -22.79% -5.43% -1.42%

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. Returns less than one year are not annualized.

For the fund’s most recent month end performance, please call 1(844) 476-8747

Fund Sector Breakdown

as of Jun 30, 2020
CLOSED END FUNDS 39.60%
ASSET MANAGEMENT AND BDC 28.80%
REITS 17.80%
MLPS 12.60%
CASH AND CASH EQUIVALENTS 1.20%

Sector breakdowns are subject to change

Top 10 Fund Exposures

as of June 30, 2020
WESTERN ASSET GLOBAL HIGH INCOME FUND INC. 2.92%
WESTERN ASSET HIGH INCOME FUND 2.92%
HIGH INCOME OPPORT FUND INC 2.90%
COHEN AND STEERS INC 2.89%
CLOUGH GLOBAL OPPORTUNITIES FUND 2.84%
BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST 2.78%
TRI-CONTINENTAL CORP 2.73%
ABERDEEN TOTAL DYNAMIC DIVIDEND FUND 2.71%
BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST 2.69%
ADVENT CONVERTIBLE AND INCOME FUND 2.65%

Fund exposures are subject to change

Distribution Calendar15

Fund Yield as of June 30,2020

SEC 30-Day Yield 15 9.04%
Distribution Rate15 10.55%
12 Month Distribution15 10.55%

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