Key stats
About Tidal Trust II Nicholas Global Equity and Income ETF
Expense ratio
0.97%
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Inception date
Jul 29, 2024
GIAX combines global equity investing with selling daily index credit call spreads. For the equity portfolio, the fund typically invests in four to six unaffiliated, passively managed broad-based ETFs. These underlying ETFs are approximately equally weighted, with at least two tracking the performance of foreign equity markets. As the fund is actively managed, the adviser may adjust allocations to the underlying index ETFs at any given time. Meanwhile, the fund's index call spreads component generally uses cash-settled options on US equity indexes, typically with one-day expirations. The call spread strategy consists of selling an at-the-money call option while simultaneously buying an out-of-the-money call option to generate income. Although this strategy earns option premiums, it caps the fund's participation in potential gains. Additionally, the fund holds cash and short-term US Treasury securities to serve as collateral and to generate additional income.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.