YieldBOOST Methodology Change: You Spoke, We Listened

YieldBOOST™ Methodology Change: You Spoke, We Listened

GraniteShares YieldBOOST™ Announcement · June 2026  

Over the past few weeks, we have updated the YieldBOOST™ strategy, implementing a tighter 95/90 put spread structure. The aim is to potentially generate a more stable NAV (share price) while still delivering a high level of weekly income. The expected higher stability in the net asset value is achieved through a narrower “95/90” put spread strategy:

-  Each YieldBOOST™ fund sells put options² that are 5% out of the money (95%)

-  Each YieldBOOST™ fund buys put options² that are 10% out of the money (90%) that act as downside protection

Our investors desire more NAV stability. That feedback drove the implementation of the 95/90 structure.

Key Takeaways

· Potential for a more stable net asset value

· Potential downside protection

· Lower yield anticipated, but distributions may gain in predictability and stability

How the 95/90 investment strategy is expected to work

(1) The example assumes the reference price of the Underlying Leveraged ETF to be $100 when the spread is implemented.

For illustrative Purpose

This structure does not eliminate risk but is expected to provide a clearer and more predictable downside profile than the previous wider spread strategy.

The trade-off, and why it may be worth it

For illustrative purposes disclosure and fund carries significant risk

Moving to the 95/90 structure does reduce the net premium collected. The 95% out of the money put generates less option premium than an at-the-money-put, and the long put at 90% costs more relative to a deep out-of-the-money long put.

On the other hand, the strategy is expected to better fulfill its ability to generate stable and predictable income over time while limiting NAV erosion.

What this means if you’re already invested

No action is required. The updated structure is applied within each fund automatically, as it enters new options positions on its regular cycle, so simply by continuing to hold the fund, you are part of the new strategy. Potential weekly distributions should continue on the same schedule. The best way to evaluate your position is on a total return basis: distributions received plus current NAV. You can find current distribution and NAV data on each ETF’s product page.

(distribution are not guaranteed)

How YieldBOOST™ works

YieldBOOST^TM ETFs aim to generate weekly income by selling put options² on leveraged ETFs. When the fund sells a put, it agrees to absorb the loss if the reference ETF falls below a predetermined price, and in return, it receives an upfront cash payment called an option premium. These premiums, collected each week, are what the fund distributes to investors.

The underlying asset is a leveraged ETF, such as a 2x long single-stock ETF. Because a leveraged ETF tends to amplify volatility, the options¹ market tends to pay higher premiums. This is the source of YieldBOOST^TM’s income. The fund itself is not leveraged.

¹An option is a contract that gives the holder the right, but not the obligation, to buy or sell a specific asset at a predetermined price on or before a specified date. Options are a type of derivative, meaning their value is derived from the underlying asset.

²A put option is a contract that gives the buyer the right, but not the obligation, to sell an underlying asset at a specified price (the strike price) by or on a specific date (the expiration date)

Full strategy details, prospectus, and current distribution data are available on each fund’s product page. Questions? Reach us at investors@graniteshares.com.

RISK FACTORS & IMPORTANT DISCLOSURE

The fund is newly launched and has risks associated with its limited operating history.

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. Carefully read the prospectus or summary prospectus before investing.

There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of their investment.

An Investment in the Fund is not an investment in the Underlying ETFs.

The Fund’s strategy will cap its potential gain if the Underlying ETFs’ share values.

The Fund’s strategy is subject to all potential losses if the Underlying ETFs.

ETF’s share declines, which may not be offset by the income received by the Funds,

The Fund does not invest directly in the Underlying ETF,

Fund shareholders are not entitled to any distribution paid by the ETFs.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions, and frequent trading may incur brokerage costs that detract significantly from the returns.

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region, which can result in increased volatility. The use of derivatives such as option contracts and swaps is subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, A Risk, Put Writing Strategy Risk, and Option Market Liquidity Risk. These and other risks can be found in the prospectus.

This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

THE FUNDS ARE DISTRIBUTED BY ALPS DISTRIBUTORS, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

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