GraniteShares Announces Launch of new ETF focused on most Disruptive Companies (DRUP)

New York, Aug. 21, 2023 (GLOBE NEWSWIRE) -- GraniteShares today announced the launch of a new large-cap ETF in its fund range: GraniteShares Nasdaq Select Disruptors ETF, ticker symbol "DRUP." DRUP will track a new index created by Nasdaq called the Nasdaq US Large Cap Select Disruptors^™ Index (the "Index").

The Index provides exposure to 50 companies with the highest 'Disruption Scores' among issuers from the Nasdaq US 500 Large Cap^™ Index. Within the Index, companies are assigned a disruption score using a multi-factor scoring model based on several fundamental metrics, including patent value, revenue growth, research and development expenses and gross margins to capture disruption across all three stages of the business lifecycle (Early Stage, Expansion & Maturity).

William Rhind, GraniteShares CEO said: "There are a lot of thematic ETFs in the market that provide exposure to innovation or technology stocks, but none that specifically focus on finding the most disruptive companies. DRUP allows investors to own a curated portfolio of the 50 most disruptive companies as measured by Nasdaq. We're excited to bring this new idea to market and let investors gain exposure to disruption in their portfolios."

"Since our inception, Nasdaq has been focused on harnessing the innovation of companies that are disrupting their respective markets," said Cameron Lilja, Vice President and Global Head of Index Product and Operations at Nasdaq. "This new partnership with GraniteShares continues to celebrate innovation and our novel approaches to identifying and tracking disruptive companies."

About GraniteShares

GraniteShares is an independent ETF issuer headquartered in New York City.

GraniteShares U.S. ETF offering is presented below:

For more information, images, video interview or to request interviews contact:
Media contact:

Gregory FCA for GraniteShares
Kathleen Elicker, 484-889-6597
graniteshares@gregoryfca.com

Important Information

Investors should consider the investment objectives, risks, charges and expenses of the GraniteShares funds (the "Funds") carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747, or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk; Principal loss is possible. The Nasdaq US Large Cap Select Disruptors Index^TM utilizes a proprietary, quantitative methodology developed by Nasdaq, Inc designed to identify companies that have high "Disruptor Scores". The top 50 companies identified are then included in the index selection.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq's proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

Nasdaq^®, Nasdaq US Large Cap Select Disruptors^TM Index, are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by GraniteShares Inc. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The Fund is passively-managed and attempts to mirror the composition and performance of the Index. The Fund's returns may diverge from that of the Index due to costs and expenses incurred by the Fund or its holdings may deviate from a precise correlation with the Index. The Index uses proprietary methodology to select securities and there can be no assurance this will result in positive performance. The Fund may concentrate its investments to the same extent as the index and it may be exposed to the risk of loss from adverse developments facing those industries. One cannot directly invest in an index. This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates.

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