Key stats
About Tidal ETF Trust SoFi Enhanced Yield ETF
Expense ratio
0.49%
Home page
Inception date
Nov 15, 2023
THTA aims to capitalize on US equity market volatility through option credit spreads combined with US Treasury Bills/Bonds. The funds primary focus is maximizing premiums obtained from options, potentially leading to an enhanced yield. US Treasury Bills/Bonds constitute 95%-100% of the funds portfolio, with up to 90% serving as collateral for options on major equity indices like the S&P 500, NASDAQ 100, and the Russell 2000. The fund manager utilizes put or call credit spreads, involving the purchase or sale of options with varying strike prices on the broad equity indices. Returns are expected to come from the interest and capital gains of the securities portfolio, as well as the credit spread strategy. THTA takes bullish, bearish, or neutral positions, sometimes simultaneously, and closely monitors and adjusts spreads while reallocating capital as needed. The fund strives to achieve risk-adjusted earnings that are not reliant on traditional equity and fixed income markets.
Classification
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government88.99%
Cash11.86%
Mutual fund0.24%
Rights & Warrants−1.09%