GraniteShares HIPS US High Income ETF (HIPS)

Assets	$100.32M
Expense Ratio	1.17%
PE Ratio	n/a
Shares Out	8.70M
Dividend (ttm)	$1.29
Dividend Yield	10.81%
Ex-Dividend Date	Mar 27, 2026
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	50,599
Open	11.96
Previous Close	11.88
Day's Range	11.88 - 11.97
52-Week Low	11.39
52-Week High	12.46
Beta	0.66
Holdings	42
Inception Date	Jan 6, 2015

About HIPS

Fund Home Page

The GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an equal-weighted index of US-listed assets that produce high income and pass through that income without being taxed at the constituent level. The portfolio includes REITs, MLPs, BDCs, and closed-end funds. HIPS was launched on Jan 6, 2015 and is issued by GraniteShares.

• Asset Class: Asset Allocation
• Category: Aggressive Allocation
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: HIPS
• ETF Provider: GraniteShares
• Index Tracked: EQM High Income Pass-Through Securities Index

Top 10 Holdings

27.90% of assets

Name	Symbol	Weight
Dorchester Minerals, L.P.	DMLP	3.20%
CVR Partners, LP	UAN	3.12%
Kimbell Royalty Partners, LP	KRP	2.83%
Delek Logistics Partners, LP	DKL	2.80%
Plains All American Pipeline, L.P.	PAA	2.76%
Enterprise Products Partners L.P.	EPD	2.70%
Alliance Resource Partners, L.P.	ARLP	2.66%
Prospect Capital Corporation	PSEC	2.61%
Capital Southwest Corporation	CSWC	2.61%
Black Stone Minerals, L.P.	BSM	2.61%

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 27, 2026	$0.1075	Mar 31, 2026
Feb 25, 2026	$0.1075	Feb 27, 2026
Jan 28, 2026	$0.1075	Jan 30, 2026
Dec 29, 2025	$0.1075	Dec 31, 2025
Nov 25, 2025	$0.1075	Nov 28, 2025
Oct 29, 2025	$0.1075	Oct 31, 2025

Performance

HIPS had a total return of 11.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.