GraniteShares YieldBOOST TSM ETF

Frequently Asked Questions About TMYY

What does TMYY invest in?

The Fund's primary goal is to generate income equivalent to two times (200%) what would be earned from selling options directly on Taiwan Semiconductor Manufacturing Co Ltd's ADR (TSM). This is accomplished by selling options on leveraged exchange-traded funds, which are specifically structured to deliver double the daily performance of TSM.

What is the expense ratio of TMYY?

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

What is TMYY's distribution yield?

TMYY's trailing-twelve-month yield is 26.59%, calculated from the sum of distributions over the past year divided by the current price.

How does TMYY's covered-call strategy work?

TMYY 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 TMYY?

GraniteShares YieldBOOST TSM ETF (TMYY) manages $1.1M 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 TMYY actively managed or an index fund?

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