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

Tidal Trust II YieldMax Ultra Option Income Strategy ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪214.38 M‬USD
Fund flows (1Y)
‪304.25 M‬USD
Dividend yield (indicated)
122.17%
Discount/Premium to NAV
1.6%

About Tidal Trust II YieldMax Ultra Option Income Strategy ETF


Issuer
Tidal Investments LLC
Brand
YieldMax
Expense ratio
1.14%
Inception date
Feb 29, 2024
Index tracked
No Underlying Index
Management style
Active
ULTY seeks current income through option premiums while potentially benefiting from the share price returns of select US stocks subject to investment gain. Utilizing quantitative screens, the sub-adviser selects 15-30 securities based on implied volatility, upcoming events, trading volumes, and liquidity, although it may hold as few as five stocks. Positions are constructed through a blend of traditional and synthetic covered call strategies, with allocations determined based on market conditions and the cost-effectiveness of direct holdings versus synthetic positions. The fund writes call options with a strike price around 15% above the current share price of the underlying securities. Despite its focus on income generation, the strategy inherently limits upside potential beyond a certain threshold. Monthly income is sourced from writing call options, dividends from direct investments, and US treasuries. Regular reviews and active trading may result in high portfolio turnover.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

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
StocksBonds, Cash & Other
Technology Services
Mutual fund
ETF
Stocks62.25%
Technology Services18.23%
Electronic Technology9.03%
Finance6.59%
Health Technology6.34%
Producer Manufacturing4.87%
Consumer Services4.58%
Energy Minerals3.45%
Communications2.99%
Consumer Durables2.54%
Commercial Services1.50%
Bonds, Cash & Other37.75%
Mutual fund20.43%
ETF16.53%
Cash4.32%
Miscellaneous−0.11%
Rights & Warrants−3.42%
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