GraniteShares YieldBOOST SMCI ETF

Frequently Asked Questions About SMYY

What does SMYY invest in?

This Fund's main purpose is to generate current income. Additionally, it aims to gain exposure to the performance of specific exchange-traded funds listed on U.S.-regulated securities exchanges. These ETFs are designed to achieve daily investment results that are two times (200%) the daily percentage change of Super Micro Computer Inc. (SMCI) common stock, albeit with a cap on potential investment returns.

What is the expense ratio of SMYY?

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

What is SMYY's distribution yield?

SMYY's trailing-twelve-month yield is 227.91%, 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 SMYY's covered-call strategy work?

SMYY 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 SMYY?

GraniteShares YieldBOOST SMCI ETF (SMYY) manages $6.6M 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 SMYY actively managed or an index fund?

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