HIPS

Fund Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds ( CEFs ), (ii) mortgage real estate investment trusts ( REITs ), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies ( BDCs ), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships ( MLPs ).
Fund Profile
Fund Name GraniteShares HIPS US High Income ETF
Fund Exchange Ticker HIPS
Fund Sponsor GraniteShares
Fund ISIN US38747R3066
Net Expense Ratio 1.30 %
Fund Inception Date 6 January 2015
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Target Date / Multi-Asset
Index Linked Passive
Index Name TFMS HIPS 300 Total Return Index
Index Provider Trust & Fiduciary Management Services
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 17 July 2019
Asset Under Management 7.59 Million (USD)
1 Month Total Return 1.53 %
Year To Date Return 19.13 %
1 Year Total Return 5.27 %
3 Year Annualized Total Return
NAV 16.877
Share Outstanding 450,000
Top 10 Holdings (16 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BLACKSTONE MORTGAGE TRU-CL A BXMT EQUI 0.02251920403562491
TWO HARBORS INVESTMENT CORP TWO EQUI 0.021916796742167125
AGNC INVESTMENT CORP AGNC EQUI 0.021911389410061436
PENNYMAC MORTGAGE INVESTMENT PMT EQUI 0.02180645797361279
REDWOOD TRUST INC RWT EQUI 0.02162330072669228
ANNALY CAPITAL MANAGEMENT IN NLY EQUI 0.02156489398089414
TPG RE FINANCE TRUST INC TRTX EQUI 0.021469063388044916
MFA FINANCIAL INC MFA EQUI 0.021273927642839672
CHIMERA INVESTMENT CORP CIM EQUI 0.02125996424053059
STARWOOD PROPERTY TRUST INC STWD EQUI 0.021230345771156303