TSLR Fees and Costs — GraniteShares 2x Long TSLA Daily ETF
Data updated: 2026-09-11
The net expense ratio is 0.95%: a 0.95% management fee plus 0.10% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $145K in broker commissions, 0.0657% of average net assets, and portfolio turnover was 0%.
TSLR Fees and Expenses
Annual operating expenses and sales charges of TSLR. Prospectus, as of October 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TSLR Costs Over Time
On $10,000 invested in TSLR, assuming 5% a year before costs, total costs come to $635 over 5 years, cutting the return by 1.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $635 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
TSLR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0657%
- Total broker commissions: $145K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
TSLR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MISCHLER FINANCIAL GROUP, INC. | $145K | 100.00% |
TSLR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $1.4B | 85.71% |
| WELLS FARGO SECURITIES, LLC | $63.6M | 3.97% |
| BOFA SECURITIES, INC. | $53.8M | 3.35% |
| Cowen Financial Products | $41.9M | 2.61% |
| Marex Capital Markets Inc. | $39.9M | 2.49% |
| CREDIT SUISSE SECURITIES (USA) LLC | $23.0M | 1.43% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $7.1M | 0.44% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.