GraniteShares, an innovative exchange-traded fund (ETF) company that recently celebrated its one-year anniversary, surged past $350 million in assets under management (AUM)* as the GraniteShares Gold Trust (NYSE Arca: BAR) reemerged as the lowest-cost gold ETF.
BAR heralded its arrival last year with a trailblazing expense ratio of 20 basis points. GraniteShares has since reduced its fee even further to 17.49 basis points, making BAR the lowest-cost gold ETF** on the market (as of Oct. 4, 2018).
From the outset, our mission at GraniteShares has been to offer innovative approaches for common pain points experienced by investors “ primarily cost, said Will Rhind, CEO of GraniteShares. That commitment to offering best-in-class investments was the driving motive behind BARs fee reduction, and is reflected throughout our entire ETF suite.
GraniteShares launched at the end of May 2017 to strong investor interest in its two flagship broad-based commodities ETFs COMB and COMG, both of which are low-cost leaders in their categories. The firm then debuted BAR to great fanfare in August 2017, and has since released the lowest-cost physical platinum ETF (PLTM)*** and a high alternative income-focused ETF that invests in pass-through securities (HIPS). These five offerings now collectively total $350 million in AUM, with BAR leading the way at approximately $280 million.
The swift accumulation of assets to our platform is a testament to our approach of bringing disruptive strategies to market with better structures and lower management fees, said Rhind. We believe inflation fears coupled with the overheated equity market are creating the perfect storm for commodity investing, and wed expect this increased demand to continue long into the future.
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For more information on the GraniteShares ETF suite, please visit www.graniteshares.com or call 844-476-8747.
*GraniteShares total AUM crossed $350 million on Oct. 3, 2018.
**Bloomberg, Oct. 2018 ***PLTM lowest-cost platinum ETF by ETF.com, June 2018. Total expense ratio is 50 basis points or 0.50%, per the prospectus dated January 17, 2018.
GraniteShares is an independent, fully funded ETF company headquartered in New York City. The firm seeks to launch disruptive ETFs. GraniteShares’ focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 17 years of experience in the industry.
Please Note: Other trading fees, expenses and commissions may apply which would affect performance.
Important Information and Risks
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum Trust (PLTM), collectively the Trusts, must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing or sending money. To obtain a prospectus visit the links: https://www.graniteshares.com/Documents/25/BAR-Prospectus-FINAL.pdf www.graniteshares.com/Documents/PLTMProspectus.pdf.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
There are no guarantees that any of the funds investment objectives and strategies will be achieved. Investment income is never guaranteed. Investing involves risk, including possible loss of principal.
Commodities and futures are speculative, highly volatile and may not be suitable for all investors. You could lose money by investing in the funds and the Trusts. Investments such as PLTM that focus on a single commodity generally experience greater volatility.
Shares of the Trusts are not insured by the Federal Deposit Insurance Corporation (FDIC), may lose value and have no bank guarantee.
The Trusts are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
The Trusts are not a commodity pool for purposes of the Commodity Exchange Act of 1936, as amended. The Trusts are recently formed and has a limited history of operations. There can be no assurances that its objective will be met.
Basis point: 100 basis points (bps) = 1%
The Sponsor of the Trust is GraniteShares LLC.
Foreside Fund Services, LLC, provides marketing services to the Trust.
THE ETFs, HIPS, COMG AND COMB, AND FUNDS ARE DISTRIBUTED BY FORESIDE FUND SERVICES, LLC. GRANITESHARES IS NOT AFFILIATED WITH FORESIDE FUND SERVICES, LLC.
Gregory FCA for GraniteShares
Leah Katsanis, 610-228-2117