3LVO

GraniteShares 3x Long Vodafone Daily ETP

Investment objective

GraniteShares 3x Long Vodafone Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks the performance of the Solactive 3x Daily Leverage Vodafone ETP that seeks to provide 3x times the daily performance of Vodafone Group Plc. For example, if Vodafone Group Plc rises by 1% in a single trading day, then the ETP will rise by 3%, excluding fees and any adjustment amount.  However, if Vodafone Group Plc falls by 1% in a single trading day, then the ETP will fall by 3%, excluding fees and any adjustment amount.

 

Fund Prices As of 06/07/19

Nav
Base CurrencyGBP
Net Asset Value£21.476425
Daily Change --
Price
Close Price-
Daily Change --

Performance

1 month 3 month YTD 1 year 3 year Since Fund 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. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1(844) 476-8747, or visit www.graniteshares.com.

Premium Discount Chart As of 06/07/19

NAV£21.48
Price-

Current Data

 
 

Premium Discount / Frequency As of 06/07/19

How can the Fund trade at a premium/discount to its NAV?

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.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the closing trade of the ETF are generally calculated at the closing time of 4:00 p.m. ET, some differences in this timing may cause discrepancies.

Time of Last Trade. Trading of GraniteShares ETFs generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade, when closing price is determined, may not occur at exactly 4:00 p.m. eastern time. Therefore, any market move during the time difference may cause the NAV to deviate from the closing price.

Benchmark Sector Breakdown

Sector breakdowns are subject to change

Top Fund Exposures

Holdings are subject to change

Key Information As of 06/07/19

Product Ticker3LVO
Inception Date28 Nov 2018
BenchMarkSolactive Daily Leveraged 3x Long Vodafone Index
Expense Ratio0.99%
Number Of Holdings0
DistributionAnnual
ExchangeLondon Stock Exchange
AUM$214,764.25
Shares Outstanding10,000
DividendReinvested
Individual Investor
Institutional Investor

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