Key stats
About Tidal Trust II YieldMax Ultra Option Income Strategy ETF
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Inception date
Feb 28, 2024
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
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
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
Technology Services
Electronic Technology
Finance
Stocks89.43%
Technology Services28.38%
Electronic Technology24.19%
Finance11.57%
Retail Trade4.69%
Communications3.90%
Producer Manufacturing3.77%
Consumer Durables3.49%
Health Services3.30%
Utilities3.19%
Consumer Non-Durables2.20%
Bonds, Cash & Other10.57%
ETF8.02%
Cash2.95%
Mutual fund0.43%
Rights & Warrants−0.84%
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
ULTY invests in stocks. The fund's major sectors are Technology Services, with 28.62% stocks, and Electronic Technology, with 24.39% of the basket. The assets are mostly located in the North America region.
ULTY top holdings are NVIDIA Corporation and ProShares UltraPro QQQ, occupying 4.89% and 4.75% of the portfolio correspondingly.
ULTY last dividends amounted to 0.09 USD. The week before, the issuer paid 0.10 USD in dividends, which shows a 0.95% decrease.
ULTY assets under management is 385.94 M USD. It's risen 59.61% over the last month.
ULTY fund flows account for 459.15 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, ULTY pays dividends to its holders with the dividend yield of 150.31%. The last dividend (Jun 6, 2025) amounted to 0.09 USD. The dividends are paid weekly.
ULTY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Feb 28, 2024, and its management style is Active.
ULTY expense ratio is 1.30% meaning you'd have to pay 1.30% of your investment to help manage the fund.
ULTY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ULTY invests in stocks.
ULTY price has risen by 3.70% over the last month, and its yearly performance shows a −58.92% decrease. See more dynamics on ULTY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 10.08% increase in three-month performance and has increased by 0.36% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 10.08% increase in three-month performance and has increased by 0.36% in a year.
ULTY trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.