GraniteShares HIPS US High Income ETF (HIPS)

GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund in the Moderate Allocation category. It has $104.28M in assets, an expense ratio of 1.17% and a 12.00% dividend yield. 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.