GraniteShares YieldBOOST Gold Miners ETF

Frequently Asked Questions About NUGY

What does NUGY invest in?

The fund's primary objective is to generate income equivalent to twice (200%) the return one would achieve from selling options linked to the Arca Gold Miners Index (GDM). It accomplishes this by selling options on specialized leveraged exchange-traded funds (ETFs) that are designed to deliver 200% of the GDM index's daily performance. A secondary goal is to benefit from the performance of these Underlying Leveraged ETFs, though any potential gains are subject to an upper limit. The fund may also employ strategies for downside protection, which could, however, influence the overall net income distributed.

What is the expense ratio of NUGY?

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

What is NUGY's distribution yield?

NUGY's trailing-twelve-month yield is 96.07%, 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 NUGY's covered-call strategy work?

NUGY 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 NUGY?

GraniteShares YieldBOOST Gold Miners ETF (NUGY) manages $6.5M 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 NUGY actively managed or an index fund?

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