UBYY — GraniteShares YieldBOOST UBER ETF

UBYY Fund Overview

UBYY — GraniteShares YieldBOOST UBER ETF is a US ETF managed by GraniteShares ETF Trust, categorised as Europe Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: GraniteShares ETF Trust
• Category: Europe Equity
• Ticker: UBYY
• SEC CIK: 0001689873
• SEC series ID: S000094934
• Share class ID: C000263513

UBYY Investment Objective and Strategy

GraniteShares YieldBOOST UBER ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GraniteShares ETF Trust.

Investment objective

The Funds primary investment objective is to achieve 2 times (200%) the income generated from selling options on Uber Technologies, Inc.s common stock (NASDAQ: UBER) (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 Funds 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.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF) that seeks to pay weekly distributions by selling put options on the Underlying Leveraged ETF, which provides exposure to 2 times the daily performance of the Underlying Stock. It is expected that the implied volatility on the Underlying Leveraged ETF to be twice the level of the Underlying Stocks implied volatility and selling options on the Underlying Leveraged ETF to generate, over the same time horizon and for the same strike levels, twice the premium generated by selling options on the Underlying Stock. The premium received by the Fund from selling options will be distributed at least partially before the maturity of the options. This allows the Fund to make distributions on a weekly basis even if the options sold have longer maturity (such as monthly maturity for instance).

This approach may result in the distributions being treated fiscally as return of capital (see Distribution Risk under the section Principal Risks of Investing in the Fund). There is no guarantee that the Fund will generate twice the level of premium that would be generated by selling options on the Underlying Stock. The Fund is subject to the losses from the Underlying Leveraged ETF. In case a Put Spread Strategy (as defined under the section The Funds Use of the Underlying Leveraged ETF Derivatives Contracts) is implemented, the Fund may benefit from a limited downside protection against a negative price variation in the Underlying Leveraged ETF. Such protection will negatively affect the Funds overall income level. A put spread strategy with a narrow spread (the difference between the strikes of the put option sold and put option bought) may provide better protection but will have a higher negative impact on the Funds income level.

A put spread strategy with a large spread will provide a lower protection but may have less negative impact on the Funds income level. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in derivatives contracts that utilize the Underlying Leveraged ETF as their reference asset. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value. For more information, see section The Funds Use of the Underlying Leveraged ETF Derivatives Contracts below. The Funds cash balance may be invested in the following instruments: (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds; (3) short term bond ETFs; (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade or of comparable quality as collateral for the Funds swap agreements; (5) repurchase transactions, which are transactions under which the purchaser ( i.e.

, the Fund) acquires securities and the seller agrees, at the time of the sale, to repurchase the securities at a mutually agreed-upon time and price, thereby determining the yield during the purchasers holding period, and/or; (6) US large cap equities listed on a national security exchange, sovereign fixed income securities with a credit rating at least equal to the United States Federal Government, or corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade for the purposes of entering into swap agreements with the Funds swap counterparties. The Fund may enter into such swap agreements to improve its operational efficiency. The Fund is classified as non-diversified under the Investment Company Act of 1940 (the 1940 Act).

The Fund will be subject to regulatory constraints relating to the level of value at risk that the Fund may incur through its derivatives portfolio. To the extent the Fund exceeds these regulatory thresholds over an extended period, the Fund may determine that it is necessary to make adjustments to the Funds investment strategy and the Fund may not achieve its investment objective. No Funds investment objective has been adopted as a fundamental investment policy and therefore each Funds investment objective along with its respective 80% investment policy may be changed without the consent of that Funds shareholders upon approval by the Board of Trustees (the Board) of GraniteShares ETF Trust (the Trust) and 60 days written notice to shareholders. There is no guarantee that the Funds investment strategy will be properly implemented or pay weekly distributions, and an investor may lose some or all of its investment.

Even when the Fund makes a distribution it could be fiscally treated as return of capital (see Distribution Risk under the section Principal Risks of Investing in the Fund). An Investment in the Fund is not an investment in the Underlying Leveraged ETF - The Funds strategy will cap its potential gain to the premium received from selling options on the Underlying Leveraged ETF, - The Funds strategy is exposed to all potential losses if the Underlying Leveraged ETFs share declines, subject to a potential downside protection if a Put Spread Strategy is used (as defined in ten next section). The potential losses may not be offset by the premium received by the Fund, - The Fund does not invest directly in the Underlying Leveraged ETF, - Fund shareholders are not entitled to any distribution paid by Underlying Leveraged ETF.

Additional information regarding the Underlying Leveraged ETF is set forth below. The Funds Use of the Underlying Leveraged ETF Derivatives Contracts - Put Spread Strategy: The Fund will enter in put spread options contracts, either directly or through swap contracts, on the Underlying Leveraged ETF and for which the Fund will receive a net premium. A put spread consists of selling a put option contract while buying a put option contract with the same maturity but a lower strike price. The Funds protection against a potential decrease in the price of the Underlying Leveraged ETF only applies if it falls below the strike price of the option contract bought by the Fund. Buying a put option contract results in a cost that negatively affects the Funds income level. It is unlikely for a put spread strategy to generate twice the level of income that would be obtained by selling options on the Underlying Stock directly.

The put options contracts sold by the Fund may vary in regard to their strike price from 0 to 15% above the then-current price of the Leveraged ETF. The put options contracts bought by the Fund will have a lower strike price, ranging from 50% out-of-the-money to at-the-money. The put options sold and bought by the Fund will generally have 1- month or less expiration dates. - Put Write Strategy: The Fund will sell put options contracts, either directly or through swap contracts, on the Underlying Leveraged ETF and for which it will receive a premium. The put options contracts sold by the Fund may vary in regard to their strike prices from 40% out-of-the-money to 15% in-the-money. The put options sold and bought by the Fund will generally have 1- month or less expiration dates. The Adviser will primarily employ this put write strategy when it believes that the share price of its Underlying Leveraged ETF is likely to rise significantly in the short term (e.g., following a substantial selloff or overall positive market news).

Example 1 Put Write Strategy - Selling In-the-money Put Option Contract with a One-month Maturity Assume for simplicity that the Underlying Leveraged ETFs shares are trading at $100.00 at the time the Fund sells an in-the-money put option contract with a strike price of $105.00 and a one-month maturity. The Fund receives a $5.50 premium for selling the put option contract. Case 1: the Underlying Leveraged ETFs share price increases to $105.00 before expiration. The Fund would keep the $5.50 premium received. Case 2: the Underlying Leveraged ETFs share price increase exceeded $105.00 before expiration. The Fund would keep the $5.50 premium received but would not participate in any of the additional upside. Case 3: the Underlying Leveraged ETFs share price drops to $99.50 before expiration. The $5.50 premium received is equal to the drop in price in the Underlying Leveraged ETFs share price, resulting in a return of zero.

Case 3: the Underlying Leveraged ETFs share price drops below $99.50, that is the strike price ($105.00) reduced by the premium received ($5.50). The Fund would lose money and be exposed to the drop in the Underlying Leveraged ETFs share price. Example 2 Put Write Strategy - Selling Out-of-the-money Put Options Contracts with a One-week Maturity Assume for simplicity that the Underlying Leveraged ETFs shares are trading at $100.00 at the time the Fund sells an out-of-the-money put option contract with a strike price of $95.00 and a one-week maturity. The Fund receives a $0.50 premium for selling the put option contract. Case 1: the Underlying Leveraged ETFs share price increases above $100.00 before expiration. The Fund would keep the $0.50 premium received but would not participate in the increased in the Underlying Leveraged ETFs share price.

Case 2: the Underlying Leveraged ETFs share price drops below $94.50, that is the strike price ($95.00) reduced by the premium received ($0.50). The Fund would lose money and be exposed to the drop in the Underlying Leveraged ETFs share price. Example 3 Put Spread Strategy - Selling At-the-money Put Options Contracts and buy an Out-of-the-money Put Options Contracts with both with a One-month Maturity Assume for simplicity that the Underlying Leveraged ETFs shares are trading at $100.00 at the time the Fund sells an in-the-money put option contract with a strike price of $105.00 and buy an out-of-the-money put option contract with a strike price of $95.00 both with a one-month maturity. The Fund receives a $5.50 premium for selling the put option contract and pays $0.50 premium for buying the put option contract.

Hence the Fund receives a $5.00 net premium. Case 1: the Underlying Leveraged ETFs share price increases to $105.00 before expiration. The Fund would keep the $5.00 net premium received. Case 2: the Underlying Leveraged ETFs share price increase exceeded $105.00 before expiration. The Fund would keep the $5.00 net premium received but would not participate in any of the additional upside. Case 3: the Underlying Leveraged ETFs share price drops below $100.00, that is the strike price of the option sold ($105.00) reduced by the net premium received ($5.00) but remains above $95.00 before expiration. The Fund would lose up to $5.00, which is the difference between the 2 strike levels reduced by the net premium received Case 4: the Underlying Leveraged ETFs share price drops below $95.00 The Fund would lose $5.00, which is the difference between the 2 strike levels reduced by the net premium received.

The comparison between the Put Write Strategy in Example 1 and the Put Spread Strategy in Example 3, shows that the Put Spread Strategy has a narrower range of outcomes. It has limited participation in a potential increase or decrease in the Underlying Leveraged ETFs share price. In examples 1 and 2, if the Underlying Leveraged ETFs price were to drop to zero, the Funds NAV would be equal, before fees and costs, to the value of premium received. Types of Options Contracts Used by the Fund As part of the Funds strategy, the Fund may buy or sell FLexible EXchange (FLEX) put options contracts that are based on the value of the price returns of the Underlying Leveraged ETF. The Fund will only buy or sell options contracts that are listed for trading on regulated U.S. exchanges. Traditional exchange-traded options contracts have standardized terms, such as the type (call or put), the reference asset, the strike price and expiration date.

UBYY Costs and Fees

UBYY costs about $107 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.07%
• Gross expense ratio: 1.07%

UBYY Debt Constituents

No individual debt constituents are reported in GraniteShares YieldBOOST UBER ETF's latest SEC N-PORT filing.

UBYY Prospectus and SEC Filings

Official GraniteShares YieldBOOST UBER ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus supplement (497) — filed 2025-09-11

Related Funds

Other Europe Equity funds tracked on ABC INVEST:

• GraniteShares YieldBOOST MU ETF (MUYY)
• 21Shares Canton Network ETF (TCAN)
• Leverage Shares 2X Long AEHR Daily ETF (AEHG)
• Leverage Shares 2X Long AXTI Daily ETF (AXTL)
• T-Rex 2x Long Lite Daily Target ETF (LITU)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.