DRUP
GraniteShares Nasdaq Select Disruptors ETF
Fund Objective
GraniteShares Nasdaq Select Disruptors ETF (DRUP) tracks the performance of the Nasdaq US Large Cap Select Disruptors Index before fees and expenses.
Note that the fund may become non-diversified, as defined under the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index.
Key Features
Novel Strategy:
DRUP aims to provide exposure to the most disruptive companies in the U.S. market.
Complement U.S. Equity Exposure:
DRUP is a curated portfolio of large-cap, U.S.- listed companies, with high Disruption Scores.
Forward Looking Approach:
DRUP selects and ranks companies using a multi-factor scoring model to capture 'disruption' across all 3 stages of the business lifecycle (Infancy, Expansion, Maturity)
Capturing Disruption:
Top 50 securities are included based on their 'Disruption Score'.
Key Facts
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
3 Year |
Since Inception |
|---|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund’s most recent month end performance, please call 1(844) 476-8747
* Index: Nasdaq US Large Cap Select Disruptors Index. On 8/15/2023 DRUP began to track the Nasdaq US Large Cap Select Disruptors Index. Historical index data prior to 8/15/2023 is for the XOUT U.S. Large Cap Index; Index data on and after 8/15/2023 is for the Nasdaq US Large Cap Select Disruptors Index.
Download Holding as of October 11, 2024
Fund Sector Breakdown
Sector breakdowns are subject to change
Top 10 Fund Exposures
Fund exposures are subject to change
Distribution Calendar
Fund Yield As of June 30, 2024
|
SEC 30-Day Yield
|
N.A. |
| Distribution Rate |
0.00% |
| 12 Month Distribution |
0.08% |
|
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
3 Year |
Since Inception |
|---|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund’s most recent month end performance, please call 1(844) 476-8747
* Index: Nasdaq US Large Cap Select Disruptors Index. On 8/15/2023 DRUP began to track the Nasdaq US Large Cap Select Disruptors Index. Historical index data prior to 8/15/2023 is for the XOUT U.S. Large Cap Index; Index data on and after 8/15/2023 is for the Nasdaq US Large Cap Select Disruptors Index.
Fund Sector Breakdown
Sector breakdowns are subject to change
Top 10 Fund Exposures
Fund exposures are subject to change
Distribution Calendar
Fund Yield As of June 30, 2024
|
SEC 30-Day Yield
|
N.A. |
| Distribution Rate |
0.00% |
| 12 Month Distribution |
0.08% |
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Latest Premium Discount
Data for the current quarter
Historical Premium/Discount Line Chart
Chart Description
The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.
Premium/Discount Frequency
Chart Description
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value (or NAV). The market price is the last price as published by the exchange on which the Fund is listed. It is generally the average of the bid-ask prices at 4:00 PM ET. The NAV is calculated by reference to the closing price of the positions held by the Fund. The vertical axis of the chart shows the premium or discount of the market price as percentage of the NAV. The horizontal axis shows the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Possible time Discrepancies
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
