GraniteShares YieldBOOST HOOD ETF

Frequently Asked Questions About HOYY

What does HOYY invest in?

The fund primarily aims to generate current income for its investors. A secondary objective is to achieve exposure to the performance of certain exchange-traded funds (ETFs) that are listed on U.S.-regulated exchanges. These specific ETFs are structured to provide a daily leveraged return, meaning they target two times (200%) the daily percentage movement of Robinhood Markets, Inc. (HOOD) common stock. However, it's important to understand that any potential investment gains from this strategy are subject to a predetermined limit.

What is the expense ratio of HOYY?

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

What is HOYY's distribution yield?

HOYY's trailing-twelve-month yield is 235.39%, 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 HOYY's covered-call strategy work?

HOYY 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 HOYY?

GraniteShares YieldBOOST HOOD ETF (HOYY) manages $6.1M 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 HOYY actively managed or an index fund?

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