GraniteShares 2x Long MSFT Daily ETF

Frequently Asked Questions About MSFL

What does MSFL invest in?

This fund, MSFL, aims to generate daily investment returns that are twice (200%) the daily percentage movement of Microsoft Corporation's common stock (NASDAQ: MSFT), prior to any fees or operational expenses. It is important to note that there is no assurance this objective will always be met. Furthermore, investors should understand that the fund is not designed to deliver double the cumulative return of MSFT over periods exceeding a single trading day. Its performance over longer durations will likely differ significantly from simply doubling Microsoft's overall return.

What is the expense ratio of MSFL?

GraniteShares 2x Long MSFT Daily ETF (MSFL) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations.

Is MSFL a good long-term hold?

MSFL 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 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 MSFL's daily reset work?

MSFL 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 MSFL?

GraniteShares 2x Long MSFT Daily ETF (MSFL) manages $72.6M 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 MSFL actively managed or an index fund?

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