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SMYYGraniteShares YieldBOOST SMCI ETF

Get incomeNewRanked #1,445 of 1,622 in this goal

Seeks to achieve 200% of the income generated from selling options on Super Micro Computer Inc. stock.

By Graniteshares · Launched 2025

Annual Cost

1.07%

#5,126 of 5,562 · expensive

Fund Size

$10M

#4,777 of 5,562 · small

Dividend YieldGoal

—

Track Record

9 months

#4,797 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$6,893-31.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 5 holdings = 60.9% of fundconcentrated

Treasury Bill
71.6%
The Options Clearing CorporationSMC1149P
2.3%
The Options Clearing CorporationSMC1108P
0.4%
The Options Clearing CorporationSMC1259P
-1.9%
The Options Clearing CorporationSMC1306P
-11.5%

Asset allocation

Cash
77.8%
Bonds
23.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-36.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks to achieve 200% of the income generated from selling options on Super Micro Computer Inc. stock.
Strategy
Actively managed ETF that sells put options on a leveraged ETF to generate weekly distributions. Aims for twice the premium from options on the leveraged ETF compared to the underlying stock, with potential downside protection through a put spread strategy.
Inception date
September 29, 2025
Fund family
Graniteshares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19