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 22 March 2019
Asset Under Management 6.70 Million (USD)
1 Month Total Return -0.21 %
Year To Date Return 14.65 %
1 Year Total Return 11.49 %
3 Year Annualized Total Return
NAV 16.7416
Share Outstanding 400,000
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SIMON PROPERTY GROUP INC SPG EQUI 0.06744224020023307
SCHLUMBERGER LTD SLB EQUI 0.06105424973990744
BLACKSTONE GROUP LP/THE BX MLP 0.05081904076747408
ENTERPRISE PRODUCTS PARTNERS EPD MLP 0.044699407038578304
ENERGY TRANSFER LP ET MLP 0.03838198474154546
WEYERHAEUSER CO WY EQUI 0.023757230536303135
ANNALY CAPITAL MANAGEMENT IN NLY EQUI 0.017138318503055108
HOST HOTELS & RESORTS INC HST EQUI 0.016661773967625325
WP CAREY INC WPC EQUI 0.015004353193364194
MAGELLAN MIDSTREAM PARTNERS MMP MLP 0.014637375448997755