YieldMax TSLA Option Income Strategy ETFYieldMax TSLA Option Income Strategy ETFYieldMax TSLA Option Income Strategy ETF

YieldMax TSLA Option Income Strategy ETF

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Key stats

Assets under management (AUM)
‪710.68 M‬USD
Fund flows (1Y)
‪1.21 B‬USD
Dividend yield (indicated)
98.82%
Discount/Premium to NAV
−0.2%

About YieldMax TSLA Option Income Strategy ETF

Issuer
Tidal Investments LLC
Brand
YieldMax
Expense ratio
1.01%
Inception date
Nov 22, 2022
Index tracked
No Underlying Index
Management style
Active
ISIN
US88636J4444
TSLY aims to generate monthly income while providing exposure to the price returns of the Tesla stock (TSLA), subject to a cap on potential investment gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of TSLA by purchasing and selling at-the-money call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above TSLAs current share price. This limits the funds participation in potential gains if TSLA shares increase in value. The short put positions fully expose investors to the downside of the stock. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in Tesla stocks. Thus, investors are not entitled to any TSLA dividends.

Classification

Asset Class
Equity
Category
Sector
Focus
Consumer discretionary
Niche
Automobile manufacturers
Strategy
Buy-write
Weighting scheme
Single asset
Selection criteria
Single asset

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of April 12, 2024
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government99.47%
Cash1.47%
Mutual fund0.09%
Miscellaneous−0.00%
Rights & Warrants−1.03%
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