Key stats
About GraniteShares HIPS US High Income ETF
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Inception date
Jan 6, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). The owners pay taxes on that income, while the entities themselves dont, thereby eliminating the double taxation associated with stock dividends. The portfolio allocates equally to four alternative income segments: closed-end funds (CEFs), business development companies (BDCs), real estate investment trusts (REITs), and energy master limited partnerships (MLPs). The top 10 securities with the highest dividend yield and lowest volatility in each segment are selected and weighted equally. It should be noted that while income from REITs, MLPs and BDCs can be high, these are typically taxed at ordinary-income rates instead of the beneficial qualified dividends rate. As such, investors in taxable accounts should consider their after-tax yield. Before March 16, 2023, the fund tracked the TFMS HIPS Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Miscellaneous
Industrial Services
Mutual fund
Stocks73.77%
Finance32.21%
Miscellaneous24.14%
Industrial Services10.74%
Energy Minerals5.26%
Utilities1.43%
Bonds, Cash & Other26.23%
Mutual fund26.02%
Cash0.21%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HIPS top holdings are Morgan Stanley Emerging Markets Domestic Debt Fund Inc and Ellington Financial Inc., occupying 2.96% and 2.82% of the portfolio correspondingly.
HIPS last dividends amounted to 0.11 USD. The month before, the issuer paid 0.11 USD in dividends,
HIPS assets under management is 106.39 M USD. It's fallen 0.74% over the last month.
HIPS fund flows account for 30.82 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HIPS pays dividends to its holders with the dividend yield of 10.45%. The last dividend (Jun 30, 2025) amounted to 0.11 USD. The dividends are paid monthly.
HIPS shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Jan 6, 2015, and its management style is Passive.
HIPS expense ratio is 1.60% meaning you'd have to pay 1.60% of your investment to help manage the fund.
HIPS follows the EQM High Income Pass-Through Securities Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HIPS invests in stocks.
HIPS price has risen by 1.10% over the last month, and its yearly performance shows a −3.24% decrease. See more dynamics on HIPS price chart.
NAV returns, another gauge of an ETF dynamics, showed a 12.81% increase in three-month performance and has increased by 7.46% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 12.81% increase in three-month performance and has increased by 7.46% in a year.
HIPS trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.