GraniteShares YieldBOOST QQQ ETF

Frequently Asked Questions About TQQY

What does TQQY invest in?

The principal aim of this fund is to generate income at a rate triple (300%) that typically derived from selling options on the Nasdaq-100 Index (QQQ). This is achieved by writing options on specialized leveraged exchange-traded funds (ETFs) which are themselves engineered to deliver three times (300%) the daily performance of the Nasdaq-100. A secondary objective involves gaining exposure to the performance of these underlying leveraged ETFs, though any potential investment gains from this exposure are subject to a specified cap. Additionally, the fund may implement downside protection strategies, which could, in turn, affect the ultimate net income level.

What is the expense ratio of TQQY?

GraniteShares YieldBOOST QQQ ETF (TQQY) charges an expense ratio of 7.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is TQQY's distribution yield?

TQQY's trailing-twelve-month yield is 58.24%, 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 TQQY's covered-call strategy work?

TQQY 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 TQQY?

GraniteShares YieldBOOST QQQ ETF (TQQY) manages $6.1M 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 TQQY actively managed or an index fund?

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