Frequently Asked Questions About TSMU

What does TSMU invest in?

This Fund is engineered to capture daily investment results mirroring 200% (or double) the daily percentage change in the common stock of Taiwan Semiconductor Manufacturing Co Ltd (TSM), exclusive of fees and expenses. However, success in achieving this stated objective cannot be guaranteed. Crucially, the fund is not intended to provide twice the cumulative return of TSM over periods longer than a single trading day.

What is the expense ratio of TSMU?

GraniteShares 2x Long TSM Daily ETF (TSMU) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.

Is TSMU a good long-term hold?

TSMU 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 TSMU's daily reset work?

TSMU 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 TSMU?

GraniteShares 2x Long TSM Daily ETF (TSMU) manages $30.4M 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 TSMU actively managed or an index fund?

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

TSMU

GraniteShares 2x Long TSM Daily ETF

NASDAQ·Asset Management, Leveraged · Financial Services

$50.17$5.60+12.56%

After hours·$51.46+2.56%

Market closed·Nov 6 4:00 PM EST

Price Chart

$50.17+$5.60 (+12.56%)today

+106.21%past 5 yearsCAGR +44.07%

Select date range

FromTo

Nov 12, 2024Nov 12, 2024 → Nov 6, 2026· 2.0 yrsNov 6, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings1

Top 10 Weight66.7%

Top 25 Weight66.7%

Effective Holdings1

Sectors2

Largest HoldingTSM · 66.7%

Largest SectorTechnology · 66.7%

Asset ClassLeveraged/Inverse

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.50%

Cost per 10k Invested$150

AUM$30.44M

Avg Daily Volume60.08K

Price$50.17

NAV (Nov 5)$44.76

Premium / Discount−0.42%

52-Week Range$34.51 – $93.29

Beta3.59

Fund Overview

Cost Verdict

Is TSMU's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: GraniteShares
Asset Class: Leveraged/Inverse
Strategy: Leveraged
Inception: November 11, 2024
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US38747R6523
CUSIP: 38747R652
Website: graniteshares.com/institutional/us/en-us/etfs/tsmu/

Peers

Peers Tab

CRWL

GraniteShares 2x Long CRWD Daily ETF

Cap

$48.2M

AAPB

GraniteShares 2x Long AAPL Daily ETF

Cap

$17.2M

ROKT

State Street SPDR S&P Kensho Final Frontiers ETF

Cap

$140.0M

Latest News

News Tab

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Frequently Asked Questions About TSMU

What does TSMU invest in?: This Fund is engineered to capture daily investment results mirroring 200% (or double) the daily percentage change in the common stock of Taiwan Semiconductor Manufacturing Co Ltd (TSM), exclusive of fees and expenses. However, success in achieving this stated objective cannot be guaranteed. Crucially, the fund is not intended to provide twice the cumulative return of TSM over periods longer than a single trading day.
What is the expense ratio of TSMU?: GraniteShares 2x Long TSM Daily ETF (TSMU) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations.
Is TSMU a good long-term hold?: TSMU 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 TSMU's daily reset work?: TSMU 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 TSMU?: GraniteShares 2x Long TSM Daily ETF (TSMU) manages $30.4M 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 TSMU actively managed or an index fund?: TSMU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.