GraniteShares YieldBOOST IONQ ETF

Frequently Asked Questions About IOYY

What does IOYY invest in?

The GraniteShares YieldBOOST IONQ ETF (IOYY) has two main objectives. Primarily, its goal is to generate an income stream equivalent to twice (200%) the amount usually produced by selling options on IonQ Inc. (NASDAQ IONQ) stock. The Fund achieves this by selling options, not directly on IonQ shares, but rather on leveraged exchange-traded funds (ETFs) that are themselves designed to deliver double (200%) the daily performance of IonQ Inc. Secondarily, the Fund aims to provide exposure to the performance of these aforementioned leveraged ETFs, with the understanding that there will be a predetermined cap on any potential investment profits. Additionally, the Fund has the option to implement downside protection measures, which could potentially influence the net income realized.

What is the expense ratio of IOYY?

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

What is IOYY's distribution yield?

IOYY's trailing-twelve-month yield is 197.77%, 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 IOYY's covered-call strategy work?

IOYY 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 IOYY?

GraniteShares YieldBOOST IONQ ETF (IOYY) manages $5.1M 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 IOYY actively managed or an index fund?

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