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About Tidal Trust II YieldMax CVNA Option Income Strategy ETF
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Inception date
Jan 29, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
CVNY aims for monthly income while providing exposure to the price returns of Carvana stocks (CVNA), subject to a cap on potential investment gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of synthetic long exposure, covered call writing, and US Treasurys. The synthetic long exposure seeks to replicate the price movements of CVNA by purchasing and selling at-the-money call and put options that generally have 1- to 6-month terms. To generate income, the fund writes call options with an expiration of 1 month or less and a strike price of 0-15% above CVNAs current share price. This limits the funds' participation in potential gains if shares increase in value. The short put positions fully expose investors to the stocks downside. The fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in Carvana stocks. Thus, investors are not entitled to any CVNA dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government80.54%
Rights & Warrants21.32%
Mutual fund0.36%
Cash−2.22%
Stock breakdown by region
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
Frequently Asked Questions
CVNY last dividends amounted to 4.57 USD. The month before, the issuer paid 2.68 USD in dividends, which shows a 41.27% increase.
CVNY assets under management is 70.12 M USD. It's risen 27.59% over the last month.
CVNY fund flows account for 59.18 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CVNY pays dividends to its holders with the dividend yield of 92.90%. The last dividend (May 30, 2025) amounted to 4.57 USD. The dividends are paid monthly.
CVNY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Jan 29, 2025, and its management style is Active.
CVNY expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
CVNY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CVNY invests in bonds.
CVNY trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.