YSPY Fees and Costs — GraniteShares YieldBOOST SPY ETF
Data updated: 2026-09-11
The net expense ratio is 1.15%: a 0.99% management fee plus 4.89% other expenses, less a 4.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $180K in broker commissions, 1.0417% of average net assets, and portfolio turnover was 0%.
YSPY Fees and Expenses
Annual operating expenses and sales charges of YSPY. Prospectus, as of October 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.89% |
| Gross expense ratio | 5.88% |
| Fee waiver | −4.73% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
YSPY Costs Over Time
On $10,000 invested in YSPY, assuming 5% a year before costs, total costs come to $1,339 over 5 years, cutting the return by 2.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $372 | $637 |
| Trading costs (broker commissions) | $109 | $337 | $577 |
| Lost growth on money paid in costs | $0 | $35 | $124 |
| Total costs | $230 | $745 | $1,339 |
| Value after costs | $10,270 | $10,832 | $11,424 |
| Impact on return, per year | 2.30% | 2.30% | 2.30% |
YSPY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 1.0417%
- Total broker commissions: $180K
- Bought from dealers (principal trades, not a cost): $33.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
YSPY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stonex Securities Inc. | $177K | 98.66% |
| JANE STREET CAPITAL, LLC | $2K | 1.34% |
YSPY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $33.1M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.