Definitive Materials Filed by Investment Companies. (497)
March 24 2020 - 4:45PM
Edgar (US Regulatory)
GRANITESHARES
ETF TRUST
GRANITESHARES
FUND
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NYSE
ARCA, INC. TICKER SYMBOL
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GRANITESHARES
XOUT U.S. Large Cap ETF
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XOUt
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SUPPLEMENT
DATED March 24, 2020
TO
THE PROSPECTUS DATED SEPTEMBER 24, 2019
GraniteShares
XOUT U.S. Large Cap ETF (the “Fund”), a series of GraniteShares ETF Trust, seeks to track the performance, before
fees and expenses, of the XOUT U.S. Large Cap Index (the “Index”). Effective April 17, 2020, changes have been made
to the Index. This Supplement revises the Fund’s prospectus (“Prospectus”) to reflect those changes.
Capitalized
terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned
to them in the Prospectus.
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On
page 2 and on Page 6 of the Prospectus, under the “Index” section, the text starting by “The index universe
is composed of” and finishing by “last six-month period” is replaced with the following text:
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The Index universe is composed of the 500 largest (by market capitalization)
publicly traded companies listed on a US national securities exchange and headquartered in the United States and that meet the
following requirements:
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a
free-float percentage equal to or exceeding 50% of total shares outstanding,
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a
share price of less than $10,000 per share (USD),
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positive
earnings per share for each quarter over the last trailing 12-month period for companies below median in market capitalization,
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minimum
market capitalization of $5 billion at time of Index reconstitution, and
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-
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minimum
liquidity of a quarter million shares average daily volume traded over the last six-month period.
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*
* *
Investors
Should Retain This Supplement for Future Reference
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