HIPS: GraniteShares HIPS US High Income ETF - MutualFunds.com
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GraniteShares HIPS US High Income ETF

HIPS - Snapshot

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 6.7%
  • Net Assets $33.7 M
  • Holdings in Top 10 36.1%

52 WEEK LOW AND HIGH

$14.78
$10.05
$14.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.70%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare HIPS to Popular U.S. Growth Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$711.02

+0.45%

$131.49 B

-

-

9.08%

0.52%

$28.58

+0.32%

$8.48 B

1.84%

$0.52

12.83%

0.80%

$17.67

+0.23%

$4.02 B

1.70%

$0.30

9.96%

0.27%

$25.15

+0.40%

$3.89 B

1.13%

$0.28

8.87%

0.33%

$20.26

+0.50%

$3.21 B

1.06%

$0.21

9.28%

0.21%

HIPS - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.65%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    GraniteShares HIPS US High Income ETF
  • Fund Family Name
    Graniteshares
  • Inception Date
    Jan 07, 2015
  • Shares Outstanding
    2400000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeff Klearman

Fund Description

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 60 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.


HIPS - Performance

Return Ranking - Trailing

Period HIPS Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -5.0% 22.0% 60.25%
1 Yr 67.0% 34.1% 102.3% 7.14%
3 Yr 5.4%* 4.5% 27.2% 98.03%
5 Yr 6.7%* 6.7% 21.5% 100.00%
10 Yr N/A* 6.4% 20.5% N/A

* Annualized

Return Ranking - Calendar

Period HIPS Return Category Return Low Category Return High Rank in Category (%)
2020 -20.4% -20.4% 60.4% 100.00%
2019 14.6% -13.8% 32.8% 63.70%
2018 -16.0% -39.5% -6.5% 50.00%
2017 N/A -4.9% 26.4% N/A
2016 N/A -15.1% 16.9% N/A

Total Return Ranking - Trailing

Period HIPS Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -5.0% 22.0% 60.25%
1 Yr 67.0% 34.1% 102.3% 7.14%
3 Yr 5.4%* 4.5% 27.2% 97.37%
5 Yr 6.7%* 6.7% 21.5% 100.00%
10 Yr N/A* 6.4% 20.5% N/A

* Annualized

Total Return Ranking - Calendar

Period HIPS Return Category Return Low Category Return High Rank in Category (%)
2020 -20.4% -20.4% 60.4% 100.00%
2019 14.6% -13.8% 32.8% 64.38%
2018 -16.0% -38.4% -6.4% 73.61%
2017 N/A 1.3% 29.9% N/A
2016 N/A 0.1% 19.4% N/A

HIPS - Holdings

Concentration Analysis

HIPS Category Low Category High HIPS % Rank
Net Assets 33.7 M 4.36 M 131 B 88.20%
Number of Holdings 61 4 9879 19.38%
Net Assets in Top 10 12.1 M 7.61 M 20.2 B 98.13%
Weighting of Top 10 36.10% 16.0% 100.0% 87.18%

Top 10 Holdings

  1. Simon Property Group Inc 6.40%
  2. Blackstone Group LP 4.85%
  3. Enterprise Products Partners LP 4.52%
  4. Western Asset Emerg Mkts Debt 3.67%
  5. Blackstone Strategic Credit Fund 3.67%
  6. Invesco Dynamic Credit Opps 3.66%
  7. EV Limited Duration Income 3.66%
  8. Tekla Healthcare Investors 3.65%
  9. Aberdeen Asia-Pacific Income 3.64%
  10. BlackRock Enhanced Equity Div 3.61%

Asset Allocation

Weighting Return Low Return High HIPS % Rank
Stocks
63.90% 41.70% 99.85% 98.13%
Bonds
36.55% 0.00% 129.47% 3.13%
Convertible Bonds
0.46% 0.00% 6.03% 14.38%
Preferred Stocks
0.37% 0.00% 4.77% 11.25%
Other
0.11% -0.03% 11.93% 50.00%
Cash
-1.40% -132.60% 8.18% 92.50%

Stock Sector Breakdown

Weighting Return Low Return High HIPS % Rank
Financial Services
28.54% 5.02% 28.54% 0.63%
Energy
24.98% 0.22% 24.98% 0.63%
Real Estate
23.70% 0.00% 23.70% 0.63%
Healthcare
8.76% 6.54% 18.64% 97.50%
Technology
3.62% 3.62% 30.36% 100.00%
Industrials
2.83% 2.83% 18.47% 100.00%
Consumer Defense
2.59% 1.55% 21.67% 98.13%
Communication Services
1.95% 1.95% 13.98% 100.00%
Consumer Cyclical
1.75% 0.00% 26.19% 98.75%
Utilities
0.77% 0.00% 12.28% 89.38%
Basic Materials
0.52% 0.00% 5.77% 94.38%

Stock Geographic Breakdown

Weighting Return Low Return High HIPS % Rank
US
59.66% 26.74% 99.49% 79.38%
Non US
4.24% 0.00% 41.03% 95.00%

Bond Sector Breakdown

Weighting Return Low Return High HIPS % Rank
Corporate
69.30% 0.00% 92.05% 6.88%
Government
12.40% 0.00% 44.44% 40.00%
Derivative
7.69% 0.00% 90.04% 20.00%
Securitized
6.63% 0.00% 27.32% 31.25%
Cash & Equivalents
3.92% 2.37% 100.00% 98.75%
Municipal
0.06% 0.00% 8.83% 28.75%

Bond Geographic Breakdown

Weighting Return Low Return High HIPS % Rank
US
22.73% 0.00% 108.05% 3.13%
Non US
13.82% -12.71% 21.42% 1.25%

HIPS - Expenses

Operational Fees

HIPS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.10% 2.61% 53.33%
Management Fee 0.70% 0.00% 1.00% 83.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.31% N/A

Sales Fees

HIPS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HIPS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HIPS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 462.00% 77.40%

HIPS - Distributions

Dividend Yield Analysis

HIPS Category Low Category High HIPS % Rank
Dividend Yield 4.25% 0.00% 4.25% 0.62%

Dividend Distribution Analysis

HIPS Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Semi-Annually Annually

Net Income Ratio Analysis

HIPS Category Low Category High HIPS % Rank
Net Income Ratio 6.65% -2.08% 6.65% 0.64%

Capital Gain Distribution Analysis

HIPS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

HIPS - Fund Manager Analysis

Managers

Jeff Klearman


Start Date

Tenure

Tenure Rank

Dec 18, 2017

3.28

3.3%

Jeff Klearman has been Portfolio Manager at GraniteShares since 2017. Mr. Klearman has many years experience working as a trader, structurer, marketer and researcher. Most recently, Mr. Klearman was the Chief Investment Officer for Rich Investment Services, a company which created, listed and managed ETFs. Prior to Rich Investment Services, Mr. Klearman headed the New York Commodities Structuring desk at Deutsche Bank AG. From 2004 to 2007, Mr. Klearman headed the marketing and structuring effort for rates based structured products at BNP Paribas in New York. Mr. Klearman worked at AIG Financial Products from 1994 to 2004 trading rates-based volatility products as well as marketing and structuring. Mr. Klearman received his MBA in Finance from NYU Stern School of Business and his Bachelors of Science in Chemical Engineering from Purdue University.

Benoit Autier


Start Date

Tenure

Tenure Rank

Dec 18, 2017

3.28

3.3%

Mr. Autier started his career in 1999 at KPMG Audit in Paris before moving in 2003 to Ricol & Lasteyrie (member of the E&Y Corporate Finance network). He joined ETF Securities in 2005, where he worked for over 10 years in London and New York. While at ETF Securities, Mr. Autier was Head of Product Management, overseeing the operation of more than 300 exchange-traded products. Between 2015 and 2016, Mr. Autier worked at the World Gold Council in New York. Mr. Autier received a Master in Finance from the London Business School in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 25.43 7.18 0.75