GraniteShares YieldBOOST NVDA ETF

Frequently Asked Questions About NVYY

What does NVYY invest in?

This fund primarily aims to generate an income stream equivalent to twice (200%) that derived from selling options directly on NVIDIA Corp. (NVDA). It achieves this by writing options on specialized leveraged exchange-traded funds (ETFs) that are designed to deliver two times (200%) the daily performance of NVIDIA stock. Additionally, a secondary goal of the fund is to capture the performance of these underlying leveraged ETFs, although this comes with a predefined ceiling on any potential investment profits. Measures for downside protection might be employed, which could subsequently influence the overall net income achieved.

What is the expense ratio of NVYY?

GraniteShares YieldBOOST NVDA ETF (NVYY) charges an expense ratio of 10.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is NVYY's distribution yield?

NVYY's trailing-twelve-month yield is 128.09%, 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 NVYY's covered-call strategy work?

NVYY 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 NVYY?

GraniteShares YieldBOOST NVDA ETF (NVYY) manages $31.2M 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 NVYY actively managed or an index fund?

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