HIPS
GraniteShares HIPS US High Income ETF
NAV as of
4 Week: 11.67 - 12.24
52 Week: 11.23 - 13.06
Latest Closing Price
11.83
Premium / Discount
0.54
Expense Ratio
2.41%
Investment Objective
The investment seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index. The fund employs a "passive management"-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the performance of up to 40 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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | -2.67 | 0.88 | -3.03 |
| 1 Day | -1.35 | 0.00 | 0.00 |
| 1 Week | -2.55 | 2.60 | -0.98 |
| 1 Month | -3.63 | 3.95 | -0.92 |
| 3 Months | -1.98 | 5.31 | -0.37 |
| 6 Months | -0.68 | 8.53 | -0.08 |
| 1 Year | -0.17 | 14.49 | -0.01 |
| 2 Years | -24.10 | 21.45 | -1.12 |
| 3 Years | -2.43 | 25.45 | -0.10 |
| 5 Years | -34.08 | 52.08 | -0.65 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 21.0839 | 7.1595 | -8.9069 | 22.1331 | -11.3842 | 22.2965 | -11.7388 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 1.0000 | 99.0000 | 42.0000 | 83.0000 | 100.0000 | 11.0000 | 9.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 16/01/2017 | 19/01/2017 | 0.1075 |
| 27/12/2016 | 02/01/2017 | 0.1075 |
| 15/08/2016 | 18/08/2016 | 0.1075 |
| 18/07/2016 | 21/07/2016 | 0.1075 |
| 13/06/2016 | 16/06/2016 | 0.1075 |
| 16/05/2016 | 19/05/2016 | 0.1075 |
| 16/02/2015 | 19/02/2015 | 0.1075 |
Portfolio Data
Total Number of Holdings: 61
Number of Bond Holdings: 0
Number of Equity Holdings: 45
Total Market Value: 33,631,713
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | Simon Property Group Inc | 6.3999 | 4,071 | 0 | 683,155 |
| 2 | Blackstone Group LP | 4.8525 | 16,491 | 0 | 517,982 |
| 3 | Enterprise Products Partners LP | 4.5187 | 18,488 | 0 | 482,352 |
| 4 | Welltower Inc | 3.0057 | 4,793 | 0 | 320,843 |
| 5 | Ventas Inc | 2.7675 | 4,598 | 0 | 295,422 |
| 6 | Energy Transfer Partners LP | 2.0639 | 12,589 | 0 | 220,308 |
| 7 | KKR & Co LP | 2.0127 | 10,689 | 0 | 214,849 |
| 8 | Realty Income Corp | 1.9337 | 3,596 | 0 | 206,410 |
| 9 | Host Hotels & Resorts Inc | 1.8220 | 9,657 | 0 | 194,492 |
| 10 | Invesco Ltd | 1.8012 | 5,259 | 0 | 192,269 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 6.56 |
| Large | 6.52 |
| Medium | 12.80 |
| Small | 20.26 |
| Micro | 17.70 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
12.1044
Price/Book*
1.5154
Price/Sales*
1.3710
Price/Cash Flow*
5.6975
Dividend Yield*
7.7009
Growth Measures
Long-Term Earnings
9.8818
Historical Earnings
-5.8119
Sales Growth
-10.6841
Cash-Flow Growth
-4.9354
Book-Value Growth
-4.9172
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 4.52 |
| Average Effective Maturity (Years)* | 6.84 |
| Average Credit Quality | 15.00 |
| Average Weighted Coupon* | 5.45 |
| Average Weighted Price* | 104.81 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 4.65 |
| AA | 1.14 |
| A | 2.20 |
| BBB | 13.29 |
| BB | 23.61 |
| B | 35.58 |
| Below B | 12.65 |
| Not Rated | 6.88 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 3.99 |
| 3 to 5 Years | 11.00 |
| 5 to 7 Years | 11.06 |
| 7 to 10 Years | 5.61 |
| 10 to 15 Years | 1.55 |
| 15 to 20 Years | 1.18 |
| 20 to 30 Years | 3.50 |
| Over 30 Years | 0.41 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.18 |
| 183 to 364 Days | 0.31 |
Data Source: Morningstar
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