GraniteShares YieldBOOST META ETF

Frequently Asked Questions About FBYY

What does FBYY invest in?

The GraniteShares YieldBOOST META ETF (FBYY) has a main objective: to produce income equivalent to double (200%) the amount typically generated from selling options on Meta Platforms Inc. (the "Underlying Stock"). It accomplishes this by strategically selling options on leveraged exchange-traded funds (referred to as the "Underlying Leveraged ETF"), which are specifically structured to deliver twice (200%) the daily performance of the Underlying Stock. As a secondary goal, the Fund also seeks to provide investors with exposure to the performance of this Underlying Leveraged ETF, although potential investment gains are subject to an established ceiling. Furthermore, the Fund reserves the right to implement measures for downside protection, which could, in turn, affect the overall net income distributed.

What is the expense ratio of FBYY?

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

What is FBYY's distribution yield?

FBYY's trailing-twelve-month yield is 57.81%, 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 FBYY's covered-call strategy work?

FBYY 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 FBYY?

GraniteShares YieldBOOST META ETF (FBYY) manages $209,519 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 FBYY actively managed or an index fund?

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