GraniteShares YieldBOOST MARA ETF

Frequently Asked Questions About MAAY

What does MAAY invest in?

The primary goal of the GraniteShares YieldBOOST MARA ETF (MAAY) is to generate an income stream that is twice (200%) the amount typically obtained from selling options on MARA Holdings Inc. (NASDAQ: MARA). This is accomplished by writing options on specific leveraged exchange-traded funds (ETFs) that are designed to deliver 200% of MARA Holdings Inc.'s daily performance. A secondary aim of the Fund is to gain exposure to the market movements of these underlying leveraged ETFs, though any potential profits from this exposure are subject to an upper limit. The Fund may also implement strategies to protect against potential losses, which could, in turn, impact the overall net income it produces.

What is the expense ratio of MAAY?

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

What is MAAY's distribution yield?

MAAY's trailing-twelve-month yield is 192.15%, 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 MAAY's covered-call strategy work?

MAAY 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 MAAY?

GraniteShares YieldBOOST MARA ETF (MAAY) manages $3.3M 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 MAAY actively managed or an index fund?

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