RVNL – GraniteShares 2x Long RIVN Daily ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks daily investment results of 2 times (200%) the daily percentage change of the performance of the common stock of Rivian Automotive, 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 on the underlying stock, as well as directly purchasing the underlying stock; at the end of each trading day, the notional exposure against the underlying stock obtained through the combination of these instruments will be approximately 200% of the fund’s net asset value.

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
RVNL	GraniteShares 2x Long RIVN Daily ETF	ETF	Open	—	—	Apr 21, 2025	$11.55M	1.150%	—	—	$8.81M

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