GraniteShares YieldBOOST AMD ETF

Frequently Asked Questions About AMYY

What does AMYY invest in?

This fund's primary goal is to generate income equivalent to 200% (twice) that derived from selling options tied to Advanced Micro Devices (AMD). It achieves this not by directly trading options on AMD itself, but by selling options on a specific, leveraged exchange-traded fund (referred to as the "Underlying Leveraged ETF"). This particular ETF is designed to deliver 200% (twice) the daily performance of AMD. A secondary objective of the fund is to gain exposure to the performance of this Underlying Leveraged ETF, though potential investment gains are subject to a predefined ceiling. Furthermore, the fund has the option to implement measures for downside protection, which, if utilized, could affect the overall net income generated.

What is the expense ratio of AMYY?

GraniteShares YieldBOOST AMD ETF (AMYY) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is AMYY's distribution yield?

AMYY's trailing-twelve-month yield is 112.98%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period — part of each payout may be return of capital rather than earned income.

How does AMYY's covered-call strategy work?

AMYY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is AMYY?

GraniteShares YieldBOOST AMD ETF (AMYY) manages $9.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMYY actively managed or an index fund?

AMYY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.