YieldMax Universe Fund of Option Income ETFs
YMAX·NYSE
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Key Stats
Assets Under Management
366.10MUSD
Fund Flow (1Y)
63.58MUSD
Dividend Yield
86.46%
Discount / Premium to NAV
0.01%
Shares Outstanding
47.90M
Expense Ratio
1.28%
About YieldMax Universe Fund of Option Income ETFs
Issuer
Tidal Investments LLC
Brand
YieldMax
Inception Date
Jan 16, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
YMAX is an actively managed fund-of-funds that invests in YieldMax ETFs. Each of the underlying funds aim to generate monthly income while providing exposure to the price returns of specific securities, subject to a cap on potential investment gains. The underlying funds each utilize a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of synthetic long exposure, covered call writing, and US Treasurys as collateral. The fund's strategy limits participation in potential gains when shares increase in value, as well as exposes investors to the stock's downside. The underlying funds do not directly invest in stocks. Therefore, investors of both YMAX and the underlying funds are not entitled to dividends from the underlying securities. While the fund intends to invest fully in YieldMax ETFs, it may still invest directly in securities held by the underlying ETFs for tax purposes. The equal-weighted portfolio is rebalanced and adjusted monthly.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Analysis
Asset
Holdings
Symbol
Ratio
NFLY
YieldMax NFLX Option Income Strategy ETF
7.92%
MRNY
YieldMax MRNA Option Income Strategy ETF
7.76%
PLTY
YieldMax PLTR Option Income Strategy ETF
7.07%
HIYY
YieldMax HIMS Option Income Strategy ETF
6.99%
PYPY
YieldMax PYPL Option Income Strategy ETF
6.72%
Symbol
Ratio
ABNY
YieldMax ABNB Option Income Strategy ETF
6.09%
XYZY
YieldMax XYZ Option Income Strategy ETF
5.80%
OARK
YieldMax Innovation Option Income Strategy ETF
5.02%
MARO
YieldMax MARA Option Income Strategy ETF
4.97%
AMZY
YieldMax AMZN Option Income Strategy ETF
4.97%
Top 10 Weight 63.31%
22 Total Holding
See all holdings
Related Funds
Seasonals
Volume Profile
Trade Flow Insight
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