GraniteShares YieldBOOST Semiconductor ETF

Frequently Asked Questions About SEMY

What does SEMY invest in?

The GraniteShares YieldBOOST Semiconductor ETF primarily aims to produce income at three times (300%) the rate obtained from selling options linked to the Semiconductor Index (ICESEMI). This is achieved by writing options on specific leveraged exchange-traded funds, which are themselves structured to deliver a 300% amplified daily return compared to the aforementioned Semiconductor Index. A secondary goal for the Fund is to gain exposure to the performance of these underlying leveraged ETFs, although any potential appreciation in value will be subject to a predetermined upper limit. Furthermore, the Fund may choose to implement measures to protect against downside risks, which could, in turn, impact the final net income generated.

What is the expense ratio of SEMY?

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

What is SEMY's distribution yield?

SEMY's trailing-twelve-month yield is 127.22%, 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 SEMY's covered-call strategy work?

SEMY 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 SEMY?

GraniteShares YieldBOOST Semiconductor ETF (SEMY) manages $63.2M 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 SEMY actively managed or an index fund?

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