NEW YORK--(BUSINESS WIRE)--GraniteShares, a new, innovative ETF company, has attracted more than $300 million in assets under management (AUM)*, to its low-cost commodity** and income ETF suite on the heels of the firm’s one-year anniversary.
GraniteShares was able to cross this threshold after reporting strong inflows across its ETF product suite, most notably to the GraniteShares Gold Trust (NYSE Arca: BAR). BAR, the low-cost gold ETF with a total expense ratio of 20 basis points, surpassed $200 million in assets after only 10 months of trading.
Since inception, BAR and the other ETFs on the GraniteShares platform have continued to gain momentum as more investors recognize the potential benefits of diversifying their portfolios with commodities. We believe GraniteShares’ cost effective, No K-1 fund structures make its ETF suite an attractive choice for investors looking to hedge against rising inflationary indicators, a weaker dollar and periods of stock market volatility.
“We’re delighted to see investors embrace our growing suite of low-cost ETFs in today’s market,” said Will Rhind, Founder and CEO of GraniteShares. “From the beginning, our mission at GraniteShares has been to provide unique solutions for common pain points experienced by investors. This swift accumulation of assets on our platform is a testament to our approach of seeking to bring disruptive solutions to market with better structures and lower management fees.”
GraniteShares launched at the end of May 2017 to strong investor interest in the firm’s two flagship broad-based commodities ETFs (COMB and COMG). The firm has since debuted BAR, the lowest-cost** physical platinum ETF (PLTM) and a high alternative income-focused ETF that invests in pass-through securities (HIPS).
For more information on the GraniteShares ETF suite, please visit www.graniteshares.com or call 844-476-8747.
GraniteShares is an independent, fully funded ETF company headquartered in New York City. The firm seeks to launch disruptive ETFs. GraniteShares' focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 17 years of experience in the industry.
*GraniteShares total AUM crossed $300 million on June 15 2018.
** COMB, Net Expense 0.25%, COMG, Net Expense 0.35%. GraniteShares has contractually agreed to waive or reduce its fees and to reimburse the Funds (COMB and COMG) for its expenses until October 31, 2020.
HIPS, Net Expense 1.42%. GraniteShares has contractually agreed to waive or reduce its fees and to reimburse the acquiring fund for its expense for at least two years from the date of the fund reorganization on 12/18/2017.
PLTM lowest-cost platinum ETF by ETF.com, June 2018. Total expense ratio is 50 basis points or 0.50%, per the prospectus dated January 17, 2018.
Please Note: Other trading fees, expenses and commissions may apply which would affect performance.
Important Information and Risks
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum
Trust (PLTM), collectively “the Trusts”, must be preceded or accompanied
by a prospectus. Please read the prospectus carefully before investing
or sending money. To obtain a prospectus visit the links:
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
There are no guarantees that any of the funds’ investment objectives and strategies will be achieved. Investment income is never guaranteed. Investing involves risk, including possible loss of principal.
Commodities and futures are speculative, highly volatile and may not be suitable for all investors. You could lose money by investing in the funds and the Trusts. Investments such as PLTM that focus on a single commodity generally experience greater volatility.
Shares of the Trusts are not insured by the Federal Deposit Insurance Corporation (“FDIC”), may lose value and have no bank guarantee.
The Trusts are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
The Trusts are not a commodity pool for purposes of the Commodity Exchange Act of 1936, as amended. The Trusts are recently formed and has a limited history of operations. There can be no assurances that its objective will be met.
K-1: Tax document used to report the incomes, losses and dividends of a partnership.
Basis point: 100 basis points (bps) = 1%
The Sponsor of the Trust is GraniteShares LLC.
Foreside Fund Services, LLC, provides marketing services to the Trust.
THE ETFs, HIPS, COMG AND COMB, AND FUNDS ARE DISTRIBUTED BY FORESIDE FUND SERVICES, LLC. GRANITESHARES IS NOT AFFILIATED WITH FORESIDE FUND SERVICES, LLC.