GraniteShares HIPS US High Income ETF owns a basket of listed income vehicles, including closed-end funds, REITs and business development companies. The ETF receives cash from those holdings, adding a second layer between their underlying assets and its own shareholders.
Business
Multi-asset income ETF
Listing
HIPS · NYSE Arca
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Payments received from holdings become ETF net investment income after its expenses. The underlying vehicles may have different payment sources, leverage and market-price discounts, which also influence this ETF's net asset value.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.96
Jul 1, 2025 to Jun 30, 2026
$0.00$0.96
Distribution yield11.14%Sourced distributions divided by dated market priceReported annual income yield8.32%Reported net investment income $0.9600 per share for 2025-07-01 to 2026-06-30, divided by approved 2026-06-30 market price $11.5450. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.96Per share for 2026 FY. Excludes investment gains.Trailing 12-month distributions$1.29Recorded recurring payments per share, not a forecast
Dividend payment history
Date or month
Per share
Aug 31, 2026
$0.1075
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read HIPS income
The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Follow the income received, cash paid and portfolio value together. Look through to concentration, underlying fund costs and credit exposure.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. The ETF receives income from its holdings and pays its own expenses. Its income is not the same as the underlying companies' reported earnings.
Fund net investment income per common share; actual reporting period, not annualized$0.9600
Total cash distributions in the same period$1.2900
$0.00$1.30
For the year ended June 30, 2026, HIPS reported $0.96 of net investment income and $1.29 of distributions per share. Net asset value fell from $12.13 to $11.51. ETF income accounted for much of the cash paid, but the value decline and the holdings' own payment sources matter too.
Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
GraniteShares HIPS US High Income ETF reported $0.9600 per share for 2025-07-01 to 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to underlying leverage, credit exposure, sector concentration and layered expenses.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
At the next full-year report, compare ETF income and cash paid, then look through to the major holdings' distributions, leverage and net asset value.
Net asset value (NAV)
NAV per share$10.85Sep 29, 2026Market price$10.85Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.05% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
GraniteShares company ETF NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
At the next full-year report, compare ETF income and cash paid, then look through to the major holdings' distributions, leverage and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's 2025 distributions were mainly ordinary dividends, with some return of capital. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
71.1%
Qualified dividends
3.07%
Capital-gain distributions
0%
Return of capital
25.83%
Tax year: 2025. Total distributions: $1.29 per share.
Tax details and source
Total ordinary dividends (includes qualified)
74.17%
Section 199A portion (within ordinary dividends)
15.74%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-20
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
