GraniteShares YieldBOOST PLTR ETF

Frequently Asked Questions About PLYY

What does PLYY invest in?

The GraniteShares YieldBOOST PLTR ETF (PLYY) has two main objectives. Its primary aim is to provide investors with a steady stream of current income. Additionally, the Fund seeks to offer magnified exposure to the daily price movements of Palantir Technologies Inc. (PLTR) common stock. It accomplishes this by investing in other U.S.-regulated exchange-traded funds that are designed to deliver two times (200%) the daily percentage return of PLTR shares. However, it's important to note that any potential investment gains from this leveraged exposure are subject to a predetermined maximum limit.

What is the expense ratio of PLYY?

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

What is PLYY's distribution yield?

PLYY's trailing-twelve-month yield is 133.53%, 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 PLYY's covered-call strategy work?

PLYY 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 PLYY?

GraniteShares YieldBOOST PLTR ETF (PLYY) manages $2.4M 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 PLYY actively managed or an index fund?

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