YieldMax Dorsey Wright Hybrid 5 Income ETF
FIVY
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jerry Szilagyi
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Dec 17, 2024
- CIK
- 0001924868
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) is a passively managed exchange-traded fund that seeks to track the performance, before fees and expenses, of the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index. The fund provides hybrid exposure to high-momentum securities by allocating approximately 60% of its assets to the five highest-ranked YieldMax ETFs, each employing synthetic covered call strategies on individual underlying securities or ETFs to generate current income with capped upside potential, collateralized by cash and U.S. Treasurys; and 40% to the five corresponding underlying securities, which include high-momentum stocks such as Netflix Inc. (NFLX), Carvana Co. (CVNA), Robinhood Markets Inc. (HOOD), Coinbase Global Inc. (COIN), and others selected via Dorsey Wright's proprietary relative strength methodology using Point & Figure charting. Eligible YieldMax ETFs in the index focus on single issuers like NFLX Option Income Strategy ETF (NFLY), CVNA Option Income Strategy ETF (CVNY), HOOD Option Income Strategy ETF (HOOY), Bitcoin Option Income Strategy ETF (YBIT), and COIN Option Income Strategy ETF (CONY), with monthly rebalancing to maintain weights of about 12% per ETF and 8% per underlying security. Launched on December 16, 2024, and listed on The Nasdaq Stock Market, FIVY operates in the derivative income segment of the ETF industry, targeting investors seeking monthly distributions from option income alongside momentum-driven equity exposure, with a gross expense ratio of 0.88% including 0.29% management fee and 0.59% acquired fund fees. The fund concentrates in technology and consumer cyclical sectors, with geographic focus on U.S. developed markets and occasional exposure to bitcoin-related products via ProShares Bitcoin ETF (BITO). It is issued by Tidal Trust II under Tidal Investments LLC as adviser, with the same portfolio management team transitioning from former sub-adviser ZEGA Financial LLC effective January 1, 2025, following Tidal's acquisition of ZEGA's trading team; no changes occurred to investment objectives, strategies, or fees. Recent updates include index methodology refinements effective June 3, 2025, excluding YieldMax ETFs designed to seek target annual income levels from the eligible universe; ongoing weekly distribution announcements, with the next ex-dividend date on December 17, 2025; and sustained portfolio adjustments reflecting momentum shifts, such as top holdings in NFLY (12.96%), CVNY (12.45%), and HOOY (12.35%) as of late 2025. FIVY launched alongside the related YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) in December 2024 via a joint press release. The fund distributes income monthly, subject to NAV erosion risks from return of capital components.