GraniteShares 2x Long DELL Daily ETF

Frequently Asked Questions About DLLL

What does DLLL invest in?

This ETF aims to deliver daily investment returns, prior to the deduction of fees and expenses, that are double (200%) the daily percentage fluctuation of Dell Technologies Inc.'s common stock (NASDAQ: DELL). It is important to understand that there is no assurance the fund will consistently achieve this target. Furthermore, investors should not anticipate that this fund will provide two times the cumulative return of DELL for holding periods extending beyond a single day.

What is the expense ratio of DLLL?

GraniteShares 2x Long DELL Daily ETF (DLLL) charges an expense ratio of 3.55%. This is the annual fee deducted from fund assets to cover management and operations.

Is DLLL a good long-term hold?

DLLL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does DLLL's daily reset work?

DLLL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is DLLL?

GraniteShares 2x Long DELL Daily ETF (DLLL) manages $147.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is DLLL actively managed or an index fund?

DLLL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.