GraniteShares HIPS US High Income ETF
Data updated: 2026-09-11
C000195944 — GraniteShares HIPS US High Income ETF. Income Allocation · $109.90M AUM · 1.17% expense ratio. Holdings, fees, performance and SEC filings.
C000195944 Fund Overview
GraniteShares HIPS US High Income ETF is a US ETF managed by GraniteShares ETF Trust, categorised as Income Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: GraniteShares ETF Trust
- Category: Income Allocation
- Assets under management: $109.90M
- 1-year return: 5.8%
- SEC CIK: 0001689873
- SEC series ID: S000059908
- Share class ID: C000195944
C000195944 Investment Objective and Strategy
GraniteShares HIPS US High Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GraniteShares ETF Trust.
Investment objective
The GraniteShares HIPS US High Income ETF (the Fund) seeks to track the performance, before fees and expenses, of the TFMS HIPS 300 Index (the Index).
Principal investment strategy
The Fund employs a passive managementor indexinginvestment approach designed to track the performance of the Index. The rules-based Index measures the performance of up to 300 high income U.S.-listed securities that typically have pass-through structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. This high income, pass-through strategy is known as HIPS. The Index The Index is constructed to capture up to 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 and processing companies.
Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (MLPs). The instruments in which CEFs invest may include debt securities of any maturity or quality. CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as junk bonds), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index applies a quantitative screen to the securities in such sectors for minimum sector-specific yields relative to the yield of the S&P 500 Index, minimum market capitalizations and minimum liquidity thresholds. The Index may include small-, mid-, and large-capitalization companies meeting the screening criteria.
The Index is rebalanced semi-annually, and securities in the Index are market capitalization weighted at the time of each rebalance. The Indexs exposure to each of the above sectors is capped at 25% of the total Index at the time of each rebalance. Additionally, at the time of each rebalance, the Indexs exposure to an individual security is capped at 20% of the Indexs exposure to that securitys sector. The Funds Investment Strategy The Fund attempts to invest all, or substantially all, of its assets in the securities that make up the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index, but may, when the adviser believes it is in the best interests of the Fund, use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics are expected to closely resemble the risk, return and other characteristics of the Index as a whole.
Under normal circumstances, at least 80% of the Funds total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. GraniteShares Advisors LLC (GraniteShares or the Adviser), the Funds investment adviser, expects that, over time, the correlation between the Funds performance and that of the Index, before fees and expenses, will be 95% or better.
C000195944 Holdings
Top 10 holdings of GraniteShares HIPS US High Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 44.31% |
| Two Harbors Investment Corp | 2.98% |
| Plains All American Pipeline Lp | 2.95% |
| Kimbell Royalty Partners Lp | 2.91% |
| Dorchester Minerals Lp | 2.90% |
| Delek Logistics Partners Lp | 2.89% |
| Blackrock Enhanced Large Cap Core Fund Inc | 2.87% |
| Western Midstream Partners Lp | 2.80% |
| Cvr Partners Lp | 2.76% |
| Capital Southwest Corp | 2.73% |
C000195944 Portfolio Allocation
Asset-class allocation of GraniteShares HIPS US High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Fixed Income | 44.3% |
C000195944 Performance
Total returns for C000195944 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.1% |
| 1 year | 5.8% |
| 3 years (annualised) | 4.5% |
| 5 years (annualised) | 2.7% |
C000195944 Risk Information
Risk metrics for C000195944, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
C000195944 Costs and Fees
C000195944 costs about $117 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.17%
- Gross expense ratio: 1.17%
- Brokerage commissions: 11.03 bps of average net assets (SEC N-CEN)
C000195944 Cashflows
Over the 12 months to 2026-06, GraniteShares HIPS US High Income ETF had net inflows of $8.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $8.13M |
| 2026-05 | $1.68M |
| 2026-04 | $4.74M |
| 2026-03 | $592.95K |
| 2026-02 | −$589.81K |
| 2026-01 | −$11.50M |
C000195944 Debt Constituents
Largest debt holdings of GraniteShares HIPS US High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 44.31% |
C000195944 Prospectus and SEC Filings
Official GraniteShares HIPS US High Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-27
- Prospectus supplement (497) — filed 2025-10-27
- Prospectus supplement (497) — filed 2024-10-22
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-12
Related Funds
Other Income Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.