- 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 2.45%. 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 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 $68.2M 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.
