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 3.19 %
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 24 September 2021
Asset Under Management 68.22 Million (USD)
1 Month Total Return -0.27 %
Year To Date Return 20.58 %
1 Year Total Return 43.60 %
3 Year Annualized Total Return 3.32 %
NAV 15.33
Share Outstanding 4,450,000
Top 10 Holdings (24 September 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
BLACKROCK ENHANCED EQTY DVD BDJ MUTU 0.0377486261
NUVEEN S&P500 BUY-WRT INC FD BXMX MUTU 0.0368612945
BLACKROCK ENHANCED GLOBAL DI BOE MUTU 0.0359809733
ABERDEEN TTL DYN DIVID AOD MUTU 0.0358074630
INVESCO DYNAMIC CREDIT OPP VTA MUTU 0.0355940501
BLACKROCK DEBT STRATEGIES FD DSU MUTU 0.0355536913
BLACKSTONE STRATEGIC CREDIT BGB MUTU 0.0352894023
TEKLA HEALTHCARE INVESTORS HQH MUTU 0.0351429156
BNYM HIGH YIELD STRAT DHF MUTU 0.0346550345
BLACKROCK MULTI-SECTOR INCOM BIT MUTU 0.0346037745