Graniteshares YieldBOOST 20Y+ Treasuries ETF

Frequently Asked Questions About FIYY

What does FIYY invest in?

The GraniteShares YieldBOOST 20Y+ Treasuries ETF, part of the GraniteShares ETF Trust, is an exchange-traded fund launched by GraniteShares Inc. and managed by GraniteShares Advisors LLC. Its primary objective is to gain exposure to the United States' fixed income market. Specifically, the fund utilizes derivatives, including options, to construct a portfolio focused on U.S. dollar-denominated, fixed-rate Treasury securities. These are long-dated government bonds, requiring a remaining maturity exceeding 20 years. Established on May 5, 2026, the fund is domiciled within the United States.

What is the expense ratio of FIYY?

Graniteshares YieldBOOST 20Y+ Treasuries ETF (FIYY) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is FIYY's distribution yield?

FIYY's trailing-twelve-month yield is 1.17%, calculated from the sum of distributions over the past year divided by the current price.

How does FIYY's covered-call strategy work?

FIYY 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.

What is the duration of FIYY?

Effective duration measures FIYY's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FIYY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FIYY?

FIYY's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.