Definitive Materials Filed by Investment Companies. (497)
April 24 2020 - 1:41PM
Edgar (US Regulatory)
GRANITESHARES
ETF TRUST
GRANITESHARES
FUND
|
|
NYSE
ARCA, INC. TICKER SYMBOL
|
GRANITESHARES
XOUT U.S. Large Cap ETF
|
|
XOUt
|
SUPPLEMENT
DATED APRIL 24, 2020
TO
THE PROSPECTUS
dated
september 24, 2019
The
following changes to the Summary Prospectus and Statutory Prospectus are effective immediately:
●
|
The
following disclosure is added to the end of the paragraph entitled “Index Risk” in the section “Summary
Information – Principal Risks of Investing in the Fund”:
|
The
Fund rebalances its portfolio in accordance with its Index, and, therefore, any changes to the Index’s rebalance schedule
will result in corresponding changes to the Fund’s rebalance schedule.
●
|
The
following disclosure is added to the end of the paragraph entitled “Market Risk” in the section “Summary
Information – Principal Risks of Investing in the Fund”:
|
Additionally,
natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or other events may
adversely impact the value of the Fund’s investments and/or result in increased premiums or discounts to the Fund’s
NAV.
●
|
The
following disclosure is added to the paragraph entitled “Index Risk” in the section “Additional Information
About the Funds’ Strategies and Risks– Principal Risks of Investing in the Funds” after the sentence “In
addition, because the Fund is not “actively” managed, unless a specific security is removed from the Index, the
Fund generally would not sell a security because the security’s issuer was in financial trouble.”:
|
The
Fund rebalances its portfolio in accordance with the Index, and, therefore, any changes to the Index’s rebalance schedule
will result in corresponding changes to the Fund’s rebalance schedule.
●
|
The
following disclosure is added to the end of the paragraph entitled “Market Risk” in the section “Additional
Information About the Funds’ Strategies and Risks– Principal Risks of Investing in the Funds”:
|
Natural
or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or other events may adversely
impact the value of the Fund’s investments and/or result in increased premiums or discounts to the Fund’s NAV.
For
example, the outbreak of COVID-19, a novel coronavirus disease, has negatively affected economies, markets and individual companies
throughout the world. The effects of this pandemic to public health and business and market conditions, including exchange trading
suspensions and closures may have a significant negative impact on the performance of the Fund’s investments, increase the
Fund’s volatility, negatively impact the Fund’s arbitrage and pricing mechanisms, exacerbate pre-existing political,
social and economic risks to the Fund, and negatively impact broad segments of businesses and populations. The Fund’s operations
may be interrupted as a result, which may contribute to the negative impact on investment performance. In addition, governments,
their regulatory agencies, or self-regulatory organizations may take actions in response to the pandemic that affect the securities
in which the Fund invests, or the issuers of such securities, in ways that could have a significant negative impact on the Fund’s
investment performance. The full impact of the COVID-19 pandemic, or other future epidemics or pandemics, is currently unknown.
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.
*
* *
Investors
Should Retain This Supplement for Future Reference
GraniteShares HIPS US Hi... (AMEX:HIPS)
Historical Stock Chart
From Sep 2024 to Oct 2024
GraniteShares HIPS US Hi... (AMEX:HIPS)
Historical Stock Chart
From Oct 2023 to Oct 2024