NEW YORK, March 26, 2018 (GLOBE NEWSWIRE) -- GraniteShares, a new kind of exchange-traded fund (ETF) company, was recognized as the New ETF Issuer of the Year at the 2017 ETF.com Awards.
This prestigious accolade is awarded to a new ETF issuer that adds the most investor value through innovation, product launches, performance and more. GraniteShares was selected among six finalists by a majority vote of the ETF.com Awards Selection Committee, a group of independent ETF experts from throughout the ETF community. Since GraniteShares’ inception in mid-2017, the firm has reinvented commodity investing by offering a suite of low cost investments* that have no K-1s. The firm has also bought an innovative high income strategy to market, HIPS.
“This award from ETF.com is fantastic recognition for the work we’ve done and will continue to do in shaking up the commodity ETF landscape,” said Will Rhind, CEO of GraniteShares. “It’s a great honor to receive an award like this at such an early stage for our company” “I’d like to thank the team at GraniteShares for the amazing work they’ve done plus our main investor and partner, Bain Capital Ventures who have been terrific in their support for our vision to build a next generation ETF business”.
The annual ETF.com Awards recognize the people, companies and products driving positive change throughout the ETF landscape. In addition to the New ETF Issuer of the Year award, GraniteShares was nominated for both the Best New Commodity ETF and Most Innovative New ETF awards.
Earlier this year, GraniteShares launched the GraniteShares Platinum Trust (PLTM), the lowest-cost physical platinum ETF available in the U.S with a total expense ratio of 50 basis points**. PLTM joined GraniteShares’ growing suite of innovative, cost effective ETFs including: the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB), the GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF (COMG), the GraniteShares Gold Trust (BAR) and the HIPS US High Income ETF (HIPS).
For more information on GraniteShares’ product offering, please visit www.graniteshares.com.
About GraniteShares
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 16 years of experience in the industry.
*Source: ETF.com. GraniteShares offers some of the lowest cost commodity ETFs in their respective categories. March 2018.
**Source: ETF.com, March 2018.
Other trading fees, expenses and commissions may apply.
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.
K-1: Tax document used to report the incomes, losses and dividends of a partnership.
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.