GraniteShares

2x Long NVDA Daily ETF

NVDL

Fund Objective

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of NVIDIA Corp, (NASDAQ: NVDA). There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide 2 times the cumulative return of NVDA for periods greater than a day.

Key Facts

Ticker
NVDL
CUSIP
38747R 827
Underlying Stock
NVIDIA Corp
Leveraged Factor
2x
NAV as of Sep 06, 2024
$42.6781
Closing Price as of Sep 06, 2024
$42.71
Premium / (Discount)15
0.07%
30-Day Median bid/ask spread 15
0.08 %
Total Annual Operating Expense Ratio
1.57%
Net Annual Operating Expense Ratio15
1.15% per annum
Inception Date
Dec 13, 2022
As of Sep 06, 2024

Why NVDL?

Simple
Access Nvidia ETF (NVDA) through a traditional brokerage account. No need to borrow Nvidia Stock or maintain collateral.
High Conviction
Magnify exposure to Nvidia Stock (NVDA) in a single trade.
Control
Nvidia ETF (NVDA Stock): No margin calls. Cannot lose more than the initial investment

Performance

Data as of June 30, 2024
All data on total return basis 15 1 Month 3 Months YTD 1 Year 15 3 Year 15 Since
Inception 15
NVDL Market Price Return15 15 22.60% 67.59% 365.74% 448.66% - 543.67%
NVDL NAV Return15 15 22.90% 67.35% 366.25% 449.02% - 444.17%
Benchmark Return15 15 12.69% 36.74% 149.50% 192.13% - 247.83%

Prior to January 22, 2024, The Fund sought daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corp (NASDAQ: NVDA)

The performance data quoted provides historical context and should not be seen as a guarantee of future performance, particularly pertinent for investors considering the GraniteShares 2x Long NVDA Daily ETF. Investors should be aware that current performance of this leveraged ETF may deviate from the quoted data, and investment returns, as well as the principal value, may fluctuate, resulting in shares being worth more or less than their original cost upon redemption. Returns for periods less than one year are not annualized.Returns for the fund would have been lower if the management fee had not been waived.And market price returns are based on the midpoint of the bid/ask spread at 4pm ET, which may not reflect actual returns from trading at other times. It's crucial for investors to consider this information alongside their individual investment objectives and consult with a financial advisor for personalized guidance tailored to the complexities of leveraged ETF investing.

For the fund’s most recent month end performance, please call 1(844) 476-8747

Portfolio

Download Holding as of Feb 2, 2024

Fund Sector Breakdown

as of Feb 2, 2024
TECHNOLOGY 100.00 %

Sector breakdowns are subject to change

Top 10 Fund Exposures

as of Feb 2, 2024
NVIDIA Corp 100%

Fund exposures are subject to change

FAQs

Got questions? We’ve got answers. If you have some other questions, feel free to send us an email to info@graniteshares.com

What are short and leveraged single stock ETFs?

The ETFs are designed to give investors leveraged or short exposure to the daily share price moves, both up and down, of individual companies listed on the Nasdaq Stock Exchange and other major U.S. stock exchanges.

Leveraged ETFs seek to deliver a multiple of the daily underlying share price move, i.e. 2 times (+200%) or 1.25 times (+125%). This is referred to as a the “Leveraged Factor”.

Short or Inverse single stock ETFs seek to deliver daily investment results of -1 times (-100%) or -2 times (-200%) the daily percentage change of the underlying share price move.

What are some of the benefits and features of these short and leveraged daily ETFs?

Possible Benefits include:

  • Ability to leverage long3 and short1 exposures on popular quoted shares
  • Listed on exchange with competitive, independent pricing
  • ETF structure
  • Transparent
  • Cost-effective
  • No margin calls4
  • Losses cannot exceed amount invested

How can investors trade short and leveraged daily ETFs?

Investors can trade short and leveraged single-stock ETFs through online brokerage platforms and apps, stockbrokers and or financial advisors. In short, any investment service offering access to ETFs listed on a stock exchange.

Are they eligible for domestic tax wrappers such as IRAs & 401Ks?
ETFs are eligible for tax wrappers such as IRAs. Please contact your broker or 401k provider for more information on availability.

What are the costs associated with short and leveraged single-stock ETFs?

Product costs are detailed on the relevant product fact sheets and prospectus on each product page.
The ETFs management fees are 0.99% and 1.30% per annum.
The Total Expense Ratio for the ETFs is 1.15% and 1.50% per annum.
In addition, trading commissions including a bid-offer spread on exchange will generally be charged for purchases and sales of the ETPs.

IMPORTANT: Please note that management fees and expense ratios are required to be quoted on an annualized basis i.e. assuming a 365 day holding period. Short and Leveraged single-stock ETFs are not designed to be buy and hold funds and therefore the costs for shorter holding periods, including as little as one day, will be significantly lower than advertised.  

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