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GraniteShares HIPS US High Income (HIPS) ETF Holdings & Analysis
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What HIPS does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Plains All American Pipeline LP | 3.38% | |
| Dorchester Minerals | 3.31% | |
| CVR Partners LP and CVR Nitrogen Finance Corporation | 3.17% | |
| Delek Logistics Partners LP | 3.09% | |
| Western Midstream Partners LP | 3.09% | |
| KIMBELL ROYALTY PARTNERS LP | 2.94% | |
| FS KKR CAPITAL CORP | 2.86% | |
| Enterprise Products Partners L | 2.85% | |
| Alliance Resource Partners, L.P. | 2.83% | |
| Capital Southwest Corporation | 2.83% |
Sector allocation
| Basic Materials | 4.21% |
| Cash & Others | 0.01% |
| Communication Services | 0.02% |
| Energy | 35.69% |
| Financial Services | 29.58% |
| Real Estate | 30.49% |
Geographic allocation
| United States | 100.00% |
PortView Portfolio Insights
PortView analyzes how HIPS fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
Analyze HIPS in PortView →Related securities
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Frequently asked questions
- What does HIPS track?
- HIPS is the GraniteShares HIPS US High Income ETF, a Other ETF.
- What is the expense ratio of HIPS?
- Expense ratio data for HIPS is shown on the page when available from our data provider.
- What are the largest holdings in HIPS?
- Top holdings include PAA, DMLP, UAN, DKL, WES.
- How can PortView analyze HIPS overlap with other ETFs?
- PortView computes the holdings overlap between HIPS and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.