Key stats
About YieldMax TSLA Performance & Distribution Target 25 ETF
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Inception date
Nov 17, 2025
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
Identifiers
3
ISIN US88636V5460
TEST aims for current income by combining synthetic long exposure to Tesla, Inc. (TSLA) and other options strategies, collateralized by cash and US Treasurys. TSLA engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. The fund aims for monthly premiums of approximately 2.2% and an annual cash distribution target of about 25% of the funds NAV. Synthetic exposure is created by pairing long call options with short put options on TSLA, replicating the stocks price movements, subject to limits on potential gains. To generate premiums, the fund employs various options strategies, such as covered call spread that sells call options while buying calls at a higher strike, capping both profit and loss. The strategy may generate income but limits participation in potential gains if TSLA shares increase in value. On a weekly basis, the adviser uses one or more options strategies.
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
Government
Cash
Mutual fund
Bonds, Cash & Other100.00%
Government56.88%
Cash26.71%
Mutual fund21.39%
Rights & Warrants−4.98%
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
TEST last dividends amounted to 0.22 USD. The week before, the issuer paid 0.23 USD in dividends, which shows a 5.13% decrease.
TEST assets under management is 3.31 M USD. It's risen 36.73% over the last month.
TEST fund flows account for 3.71 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, TEST pays dividends to its holders with the dividend yield of 14.49%. The last dividend (Jun 10, 2026) amounted to 0.22 USD. The dividends are paid weekly.
TEST shares are issued by TFG Parent Holdings LLC under the brand YieldMax. The ETF was launched on Nov 17, 2025, and its management style is Active.
TEST expense ratio is 1.01% meaning you'd have to pay 1.01% of your investment to help manage the fund.
TEST follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TEST invests in bonds.
TEST price has fallen by −8.42% over the last month, and its yearly performance shows a −10.20% decrease. See more dynamics on TEST price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.10% over the last month, showed a 4.39% increase in three-month performance and has decreased by −4.94% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.10% over the last month, showed a 4.39% increase in three-month performance and has decreased by −4.94% in a year.
TEST trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.