GraniteShares YieldBOOST TSLA ETF

Frequently Asked Questions About TSYY

What does TSYY invest in?

The Fund's primary aim is to double (200%) the income earned from writing options on Tesla Inc. (TSLA). This is achieved by selling options on leveraged exchange-traded funds (ETFs) that are designed to deliver two times the daily performance of TSLA. A secondary goal is to capture the performance of these underlying leveraged ETFs, though any potential investment gains are capped. Furthermore, the fund has the option to implement downside protection measures, which might affect the overall net income generated.

What is the expense ratio of TSYY?

GraniteShares YieldBOOST TSLA ETF (TSYY) charges an expense ratio of 3.11%. This is the annual fee deducted from fund assets to cover management and operations.

What is TSYY's distribution yield?

TSYY's trailing-twelve-month yield is 222.33%, 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 TSYY's covered-call strategy work?

TSYY 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 TSYY?

GraniteShares YieldBOOST TSLA ETF (TSYY) manages $64.8M 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 TSYY actively managed or an index fund?

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