The GraniteShares YieldBOOST MARA ETF (MAAY) seeks to generate income by selling options on leveraged exchange-traded funds designed to deliver 2 times the daily performance of MARA Holdings Inc. (NASDAQ MARA). MAAY also aims to gain exposure to the performance of the underlying leveraged ETF, subject to a cap. With an expense ratio of 1.07% and an AUM of $0.00B, MAAY offers a unique approach to income generation through options strategies, while also incorporating downside protection measures that may affect net income. Past performance does not guarantee future results.
The GraniteShares YieldBOOST MARA ETF (MAAY) seeks to generate income by selling options on leveraged exchange-traded funds designed to deliver 2 times the daily performance of MARA Holdings Inc. (NASDAQ MARA). MAAY also aims to gain exposure to the performance of the underlying leveraged ETF, subject to a cap. With an expense ratio of 1.07% and an AUM of $0.00B, MAAY offers a unique approach to income generation through options strategies, while also incorporating downside protection measures that may affect net income. Past performance does not guarantee future results.
ETF Overview
The Fund’s primary investment objective is to achieve 2 times (200%) the income generated from selling options on MARA Holdings Inc. (NASDAQ MARA) (the “Underlying Stock”) by selling options on leveraged exchange-traded funds designed to deliver 2 times (200%) the daily performance of the Underlying Stock (the “Underlying Leveraged ETF”). The Fund’s secondary investment objective is to gain exposure to the performance of the Underlying Leveraged ETF, subject to a cap on potential investment gains. A downside protection may be implemented which could affect the net income level.
The GraniteShares YieldBOOST MARA ETF (MAAY) employs a strategy focused on income generation and leveraged exposure. The fund aims to achieve 200% of the income generated from selling options on MARA Holdings Inc. by selling options on leveraged ETFs that track twice the daily performance of MARA. This approach seeks to provide investors with enhanced income potential. MAAY's secondary objective is to gain exposure to the performance of the underlying leveraged ETF, although this exposure is capped. The fund may also implement downside protection measures, which can influence the net income level. With its entire country exposure concentrated in 'Other' at 100%, MAAY presents a specialized investment vehicle for those seeking income from option strategies and leveraged exposure to MARA Holdings Inc. Past performance does not guarantee future results.
Risk Metrics
Investing in the GraniteShares YieldBOOST MARA ETF (MAAY) involves several risks. The fund's concentration in a single underlying asset, MARA Holdings Inc., exposes it to significant concentration risk, as the fund's performance is heavily reliant on the performance of this specific stock. The 1.07% expense ratio can create a substantial drag on returns, especially if the fund's performance is not strong. Furthermore, the fund's strategy of selling options on leveraged ETFs introduces additional complexity and potential risks associated with leverage. The fund's beta is currently 0.00, indicating low volatility relative to the market, but this may not reflect the true risk profile given its unique strategy. Investors should carefully consider these factors before investing. Past performance does not guarantee future results.
Expense Ratio
1.07%
Sector Allocation
Other: 100.0%
Dividend Yield
0.00%
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Risk Metrics
Beta: 0.00
Questions & Answers
What is MAAY and what does it track?
The GraniteShares YieldBOOST MARA ETF (MAAY) is designed to generate income by selling options on leveraged exchange-traded funds that aim to deliver twice the daily performance of MARA Holdings Inc. (NASDAQ: MARA). MAAY's primary objective is to achieve 200% of the income generated from these options. Additionally, the fund seeks to gain exposure to the performance of the underlying leveraged ETF, subject to a cap on potential investment gains. The fund may also implement downside protection measures, which could affect the net income level. Past performance does not guarantee future results.
What is the expense ratio for MAAY?
The expense ratio for the GraniteShares YieldBOOST MARA ETF (MAAY) is 1.07%. This means that for every $1000 invested in the fund, $10.70 goes towards covering the fund's operating expenses. While there isn't a directly comparable category average for this specific strategy, broader actively managed ETFs can have expense ratios ranging from 0.50% to 1.50%, making MAAY's expense ratio relatively high. this may be worth researching expense ratio when evaluating the fund's potential returns. Past performance does not guarantee future results.
What are the top holdings in MAAY?
As a yieldboost ETF, MAAY's investment strategy revolves around MARA holdings and leveraged ETFs. While MAAY's strategy involves selling options on leveraged ETFs linked to MARA Holdings Inc., it doesn't have traditional 'holdings' in the same way as a standard equity ETF. The fund's exposure is derived from these option positions and the underlying leveraged ETFs. Investors should review the fund's prospectus for a detailed breakdown of its option positions and leveraged ETF exposure. Past performance does not guarantee future results.
Is MAAY a good long-term investment?
Evaluating MAAY as a long-term investment requires careful consideration of its unique strategy and associated risks. The fund's focus on generating income through options on leveraged ETFs linked to MARA Holdings Inc. makes it a specialized investment vehicle. With an expense ratio of 1.07% and a beta of 0.00, potential investors should weigh the costs and risks against the potential income generation. The fund's performance is highly dependent on the performance of MARA and the effectiveness of its options strategy. Past performance does not guarantee future results.
How does MAAY compare to similar ETFs?
MAAY differentiates itself through its specific focus on MARA Holdings Inc. and the use of leveraged ETFs for option selling. Unlike broad-based covered call ETFs, MAAY targets a single stock, introducing concentration risk. The fund's expense ratio of 1.07% is relatively high compared to some other covered call ETFs. Given its AUM of $0.00B, it is also a smaller fund, which can impact liquidity. Investors should compare MAAY's strategy and risk profile to those of other income-generating ETFs before investing. Past performance does not guarantee future results.
Does MAAY pay dividends?
According to the provided data, the GraniteShares YieldBOOST MARA ETF (MAAY) has a dividend yield of 0.00%. This indicates that, as of the latest data, the fund is not distributing any dividends to its shareholders. Investors seeking current income through dividends may need to explore alternative investment options. However, the fund's primary objective is income generation through options strategies, which may not necessarily translate into regular dividend payouts. Past performance does not guarantee future results.