Tidal ETF Trust II YieldMax COIN Option Income Strategy ETFTidal ETF Trust II YieldMax COIN Option Income Strategy ETFTidal ETF Trust II YieldMax COIN Option Income Strategy ETF

Tidal ETF Trust II YieldMax COIN Option Income Strategy ETF

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Key stats


Assets under management (AUM)
‪899.92 M‬USD
Fund flows (1Y)
‪1.00 B‬USD
Dividend yield (indicated)
131.27%
Discount/Premium to NAV
0.1%

About Tidal ETF Trust II YieldMax COIN Option Income Strategy ETF


Issuer
Tidal Investments LLC
Brand
YieldMax
Expense ratio
1.01%
Inception date
Aug 15, 2023
Index tracked
No Underlying Index
Management style
Active
CONY aims to generate monthly income while providing exposure to the price returns of Coinbase Global Inc. stock (COIN), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of COIN by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above COIN's current share price. This limits participation in potential gains if COIN shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in COIN stocks. Thus, investors are not entitled to any COIN dividends.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Financial Exchanges & Data
Strategy
Buy-write
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 6, 2024
Exposure type
Bonds, Cash & Other
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government84.04%
Rights & Warrants21.90%
Mutual fund2.87%
Cash−8.82%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows