TQQY
GraniteShares YieldBOOST QQQ ETF
📎 Investment Objective
The GraniteShares YieldBOOST QQQ ETF (TQQY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Nasdaq-100 Index.
Overview
ETF tracking GraniteShares YieldBOOST QQQ ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The GraniteShares YieldBOOST QQQ ETF (TQQY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Nasdaq-100 Index.
🎯 Investment Strategy
The ETF uses a rules-based options strategy to potentially enhance the returns of the Nasdaq-100 Index. It sells call options on the Nasdaq-100 Index to generate income, which may help offset any potential losses from a decline in the underlying index.
✨ Key Features
- Seeks to track the performance of the Nasdaq-100 Index
- Employs an options-based strategy to potentially boost yield
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying Nasdaq-100 Index
- Options risk: The use of options strategies may not always be successful and could result in losses
- Liquidity risk: As a new fund, TQQY may have lower trading volume and liquidity compared to more established ETFs
- Tracking error risk: The fund may not perfectly track the performance of the Nasdaq-100 Index
👤 Best For
The GraniteShares YieldBOOST QQQ ETF may be suitable for investors seeking exposure to the Nasdaq-100 Index with the potential for enhanced yield through an options-based strategy. However, due to the fund's limited performance history, it may be more appropriate for experienced investors who understand the risks associated with options trading and are comfortable with the volatility of the technology-heavy Nasdaq-100 Index.