XOUT
GraniteShares XOUT U.S. Large Cap ETF
Fund Objective
GraniteShares XOUT US Large Cap ETF tracks the performance of the XOUT US Large Cap 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: XOUT provides exposure to a novel strategy that seeks to identify and then exclude companies that are likely to underperform.
Complement U.S. Large Cap Exposure: XOUT provides a diversified exposure to U.S. large cap stocks with outperformance potential.
Forward Looking Approach: XOUT doesn’t select companies based on their historical performances but instead aims to exclude companies that are not properly equipped to face long-term macro trends.
Consistent Approach: XOUT strategy is entirely rule-based to avoid any selection bias that can result from stock picking.
Key Facts
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
3 Year |
Since Inception |
|---|---|---|---|---|---|---|
|
XOUT Market Price Return
|
2.82% | 24.24% | 3.83% | - | - | 15.58% |
|
XOUT NAV Return
|
3.15% | 24.15% | 3.98% | - | - | 16.25% |
|
Benchmark Return (XOUT U.S. Large Cap Index)
|
3.20% | 24.43% | 4.37% | 16.91% | - | 16.84% |
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.
For the fund’s most recent month end performance, please call 1(844) 476-8747
Download Holding as of August 12, 2020
Fund Sector Breakdown
| INFORMATION TECHNOLOGY | 36.14% |
| HEALTHCARE | 18.46% |
| CONSUMER DISCRETIONARY | 16.66% |
| COMMUNICATION SERVICES | 12.78% |
| FINANCIALS | 5.03% |
| INDUSTRIALS | 4.81% |
| CONSUMER STAPLES | 4.47% |
| MATERIALS | 0.70% |
| ENERGY | 0.57% |
| REAL ESTATE | 0.24% |
| CASH | 0.14% |
Sector breakdowns are subject to change
Top 10 Fund Exposures
| APPLE INC | 8.45% |
| AMAZON.COM INC | 8.14% |
| MICROSOFT CORP | 7.97% |
| ALPHABET INC-CL A | 5.28% |
| FACEBOOK INC | 3.48% |
| JOHNSON & JOHNSON | 1.89% |
| WALMART INC | 1.86% |
| VISA INC-CLASS A SHARES | 1.85% |
| TESLA INC | 1.58% |
| MASTERCARD INC-CLASS A | 1.46% |
Fund exposures are subject to change
Distribution Calendar
| Ex date | Record date | Pay date | $/Share | Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 30 Dec 2020 | 31 Dec 2020 | 04 Jan 2021 | - | - | - | - | - |
| 16 Sep 2020 | 17 Sep 2020 | 18 Sep 2020 | - | - | - | - | - |
| 17 Jun 2020 | 18 Jun 2020 | 19 Jun 2020 | 0.04621 | 0.04621 | 0.00 | 0.00 | 0.00 |
| 18 Mar 2020 | 19 Mar 2020 | 20 Mar 2020 | 0.06 | 0.06377 | 0.00 | 0.00 | 0.00 |
| Ex date | Record date | Pay date | $/Share | Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 30 Dec 2019 | 31 Dec 2019 | 02 Jan 2020 | 0.05429 | 0.03851 | 0.01578 | 0.00 | 0.00 |
Fund Yield as of June 30,2020
|
SEC 30-Day Yield
|
0.63% |
| Distribution Rate |
0.63% |
| 12 Month Distribution |
0.56% |
|
All data on total return basis
|
1 Month | 3 Months | YTD | 1 Year |
3 Year |
Since Inception |
|---|---|---|---|---|---|---|
|
XOUT Market Price Return
|
2.82% | 24.24% | 3.83% | - | - | 15.58% |
|
XOUT NAV Return
|
3.15% | 24.15% | 3.98% | - | - | 16.25% |
|
Benchmark Return (XOUT U.S. Large Cap Index)
|
3.20% | 24.43% | 4.37% | 16.91% | - | 16.84% |
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.
For the fund’s most recent month end performance, please call 1(844) 476-8747
Fund Sector Breakdown
| INFORMATION TECHNOLOGY | 36.14% |
| HEALTHCARE | 18.46% |
| CONSUMER DISCRETIONARY | 16.66% |
| COMMUNICATION SERVICES | 12.78% |
| CONSUMER STAPLES | 4.47% |
| INDUSTRIALS | 4.81% |
| FINANCIALS | 5.03% |
| REAL ESTATE | 0.24% |
| MATERIALS | 0.70% |
| ENERGY | 0.57% |
| CASH | 0.14% |
Sector breakdowns are subject to change
Top 10 Fund Exposures
| APPLE INC | 8.45% |
| AMAZON.COM INC | 8.14% |
| MICROSOFT CORP | 7.97% |
| ALPHABET INC-CL A | 5.28% |
| FACEBOOK INC | 3.48% |
| JOHNSON & JOHNSON | 1.89% |
| WALMART INC | 1.86% |
| VISA INC-CLASS A SHARES | 1.85% |
| TESLA INC | 1.58% |
| MASTERCARD INC-CLASS A | 1.46% |
Fund exposures are subject to change
Distribution Calendar
| Ex date | Record date | Pay date | $/Share | Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 30 Dec 2020 | 31 Dec 2020 | 04 Jan 2021 | - | - | - | - | - |
| 16 Sep 2020 | 17 Sep 2020 | 18 Sep 2020 | - | - | - | - | - |
| 17 Jun 2020 | 18 Jun 2020 | 19 Jun 2020 | 0.04621 | 0.04621 | 0.00 | 0.00 | 0.00 |
| 18 Mar 2020 | 19 Mar 2020 | 20 Mar 2020 | 0.06 | 0.06377 | 0.00 | 0.00 | 0.00 |
| Ex date | Record date | Pay date | $/Share | Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 30 Dec 2019 | 31 Dec 2019 | 02 Jan 2020 | 0.05429 | 0.03851 | 0.01578 | 0.00 | 0.00 |
Fund Yield as of June 30,2020
|
SEC 30-Day Yield
|
0.63% |
| Distribution Rate |
0.63% |
| 12 Month Distribution |
0.56% |
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Latest Premium Discount
Data for the current quarter
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.