GraniteShares YieldBOOST TopYielders ETF seeks current income and pay weekly distributions. The Fund is a "fund of funds," meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. In addition, from time to time, the Fund may invest directly in the securities and financial instruments in which one or more Underlying YieldBOOST ETFs invests. The Fund's portfolio will be primarily composed of "YieldBOOST ETFs," which are all affiliated ETFs advised by GraniteShares Advisors LLC (the "Adviser") . Each of the Underlying YieldBOOST ETFs in which the Fund may invest has for objective to achieve 2 times (200%) the income generated from selling options on an "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 ETF"). The Underlying YieldBOOST ETF's secondary investment objective is to gain exposure to the performance of the Underlying ETF, subject to a cap on potential investment gains. Each Underlying YieldBOOST ETF may implement a downside protection which could affect the net income level.
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