ISUL – GraniteShares 2x Long ISRG Daily ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Intuitive Surgical, Inc. The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options Underlying Stock as well as directly purchasing the Underlying Stock. The fund will aim to primarily obtain its notional exposure against the Underlying Stock through swap agreements.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ISUL	GraniteShares 2x Long ISRG Daily ETF	ETF	Open	—	—	Oct 6, 2025	$9.71M	1.500%	—	—	—

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