GraniteShares 2x Long MRVL Daily ETF

Frequently Asked Questions About MVLL

What does MVLL invest in?

This ETF aims to deliver daily investment results, prior to accounting for fees and expenses, that are two times (200%) the daily percentage movement of Marvell Technology, Inc.'s (NASDAQ: MRVL) common stock. It is important to note that the fund's ability to consistently achieve this stated objective is not guaranteed. Furthermore, for investment periods extending beyond a single day, one should not anticipate that the fund's cumulative returns will precisely double those of MRVL.

What is the expense ratio of MVLL?

GraniteShares 2x Long MRVL Daily ETF (MVLL) charges an expense ratio of 2.52%. This is the annual fee deducted from fund assets to cover management and operations.

Is MVLL a good long-term hold?

MVLL 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 MVLL's daily reset work?

MVLL 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 MVLL?

GraniteShares 2x Long MRVL Daily ETF (MVLL) manages $249.4M 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 MVLL actively managed or an index fund?

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