YieldMax S&P 500 0DTE Covered Call Strategy ETFYieldMax S&P 500 0DTE Covered Call Strategy ETFYieldMax S&P 500 0DTE Covered Call Strategy ETF

YieldMax S&P 500 0DTE Covered Call Strategy ETF

No trades
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Key stats


Assets under management (AUM)
‪13.56 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
13.61%
Discount/Premium to NAV
Shares outstanding
‪300.00 K‬
Expense ratio
1.01%

About YieldMax S&P 500 0DTE Covered Call Strategy ETF


Issuer
Toroso Investments Topco LLC
Brand
YieldMax
Inception date
Feb 5, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
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
ISIN
US88636R5607
SDTY sells zero-days-to-expiration, out-of-the-money call options at market open each business day, against synthetic exposure to the S&P 500 Index. Through a combination of buying and selling call option contracts that reference the index, the portfolio exposure is long the price return of the index up to a daily cap on the upside potential. The fund will invest at least 80% of its assets in zero-days-to-expiration S&P 500 options contracts. Both standard exchange-traded options and FLEX options may be utilized. The strategy aims to take advantage of the potential mispricing inherent to the short-dated options market, where volatility may be overpriced, in order to provide weekly income distributions. For tax consideration, the weekly distributions will be ordinary income. Distributions that exceed the funds income and gains will be treated as a return of capital.

Broaden your horizons with more funds linked to SDTY via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Rights & Warrants
Stock breakdown by region
100%
Top 10 holdings

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SDTY assets under management is ‪13.56 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SDTY invests in bonds. See more details in our Analysis section.
SDTY expense ratio is 1.01%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SDTY isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SDTY pays dividends to its holders with the dividend yield of 13.61%.
SDTY shares are issued by Toroso Investments Topco LLC
SDTY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 5, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.