Tidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFsTidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFsTidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFs

Tidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFs

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪275.29 M‬USD
Fund flows (1Y)
‪275.79 M‬USD
Dividend yield (indicated)
32.73%
Discount/Premium to NAV
−0.09%

About Tidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFs


Issuer
Toroso Investments Topco LLC
Brand
YieldMax
Expense ratio
1.28%
Inception date
Jan 29, 2024
Index tracked
No Underlying Index
Management style
Active
YMAG is a fund-of-funds that invests in YieldMax ETFs, each providing exposure to the Magnificent Seven. These tech stocks are considered market leaders due to their heavy weighting in major large-cap indexes. The underlying ETFs aim to generate monthly income while providing exposure to the price returns of a specific security, subject to a cap on potential investment gains. They utilize a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of synthetic long exposure, covered call writing, and US Treasurys as collateral. The strategy limits participation in potential gains when shares increase in value, as well as exposes investors to the stocks downside. The underlying funds do not directly invest in stocks. Hence, investors are not entitled to dividends from the underlying securities. The fund may incorporate tax loss harvesting by exiting an ETF when incurring substantial losses. The equal-weighted portfolio is rebalanced monthly.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Buy-write
Weighting scheme
Equal
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.