- What are the top holdings of HIPS?
- GraniteShares HIPS US High Income ETF holds 41 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does HIPS have?
- HIPS holds 41 positions as reported by the fund's most recent disclosure.
- What sectors does HIPS invest in?
- GraniteShares HIPS US High Income ETF (HIPS) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is HIPS most exposed to?
- HIPS's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is HIPS a US-only fund?
- The country allocation card on this page shows HIPS's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does HIPS invest in?
- 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.
