GraniteShares YieldBOOST AMZN ETF

Frequently Asked Questions About AZYY

What does AZYY invest in?

The GraniteShares YieldBOOST AMZN ETF (AZYY) is primarily designed to generate income equivalent to twice (200%) the proceeds typically derived from selling options on Amazon (AMZN). This is achieved by writing options contracts on specialized leveraged exchange-traded funds (ETFs) that are constructed to deliver two times (200%) the daily performance of the underlying Amazon stock. As a secondary goal, the Fund aims to capture the performance of these amplified ETFs, though any potential investment gains are subject to a specified maximum. Additionally, the Fund reserves the right to implement measures intended to protect against downside risk, which could consequently influence the overall net income earned.

What is the expense ratio of AZYY?

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

What is AZYY's distribution yield?

AZYY's trailing-twelve-month yield is 56.74%, 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 AZYY's covered-call strategy work?

AZYY 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 AZYY?

GraniteShares YieldBOOST AMZN ETF (AZYY) manages $2.3M 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 AZYY actively managed or an index fund?

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