GraniteShares YieldBoost HIMS ETF

Frequently Asked Questions About HMYY

What does HMYY invest in?

The Fund's primary objective is to generate income equivalent to two times (200%) that derived from selling options linked to Hims & Hers Health, Inc. (NASDAQ: HIMS) (the "Underlying Stock"). This is achieved by writing options on a leveraged exchange-traded fund (the "Underlying Leveraged ETF") that itself targets twice (200%) the daily performance of the Underlying Stock. A secondary goal is to provide investors with exposure to the performance of this Underlying Leveraged ETF, albeit with a ceiling on potential investment returns. Furthermore, the Fund may implement measures for downside protection, a factor that could influence its ultimate net income.

What is the expense ratio of HMYY?

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

What is HMYY's distribution yield?

HMYY's trailing-twelve-month yield is 143.09%, 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 HMYY's covered-call strategy work?

HMYY 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 HMYY?

GraniteShares YieldBoost HIMS ETF (HMYY) manages $596,743 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 HMYY actively managed or an index fund?

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