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 1.42 %
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 18 January 2019
Asset Under Management 6.53 Million (USD)
1 Month Total Return 7.96 %
Year To Date Return 10.68 %
1 Year Total Return 0.09 %
3 Year Annualized Total Return
NAV 16.3365
Share Outstanding 400,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SIMON PROPERTY GROUP INC SPG EQUI 0.06777809930937664
SCHLUMBERGER LTD SLB EQUI 0.06596633328764713
BLACKSTONE GROUP LP/THE BX MLP 0.050040432267989994
ENTERPRISE PRODUCTS PARTNERS EPD MLP 0.04350411503215176
ENERGY TRANSFER LP ET MLP 0.03730688558141197
WEYERHAEUSER CO WY EQUI 0.023722904648575037
ANNALY CAPITAL MANAGEMENT IN NLY EQUI 0.016652382596824042
HOST HOTELS & RESORTS INC HST EQUI 0.015966048903229915
MAGELLAN MIDSTREAM PARTNERS MMP MLP 0.015260431676916115
APOLLO GLOBAL MANAGEMENT - A APO MLP 0.014859162494706446