YieldMax S&P 500 0DTE Covered Call Strategy ETF
SDTY
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Feb 4, 2025
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) is an actively managed exchange-traded fund that employs a synthetic covered call strategy to generate weekly current income while providing limited exposure to the price return of the S&P 500 Index. SDTY generates income primarily through the daily sale of out-of-the-money, zero days to expiration (0DTE) call options on the S&P 500 Index or Index-tracking ETFs, combined with the purchase of call options to replicate Index exposure; distributions aim to occur weekly and may include ordinary income, capital gains, or return of capital. Launched in February 2025 as YieldMax ETFs' first 0DTE strategy offering, SDTY operates within the options-based ETF segment targeting income-seeking investors, with shares traded on Nasdaq. YieldMax ETFs, the issuer, was founded by ETF industry veterans and is based in the United States, with key service providers including Tidal Financial Group as adviser, U.S. Bank as custodian and administrator, and Foreside Fund Services as distributor; the firm offers a broader suite of over 20 option income ETFs focused on single securities, sectors, or indices. SDTY's strategy caps upside participation in Index gains beyond sold call strike prices but exposes investors fully to downside declines, supplemented by option premiums that may partially offset losses. The fund does not invest directly in S&P 500 constituents or pay dividends from underlying holdings, concentrating risks in derivatives, counterparty exposure, liquidity, and high portfolio turnover. In recent developments, SDTY commenced trading on Nasdaq in early 2025 following its launch announcement on February 6, 2025, marking YieldMax's entry into daily 0DTE options strategies amid growing demand for high-yield weekly payers. YieldMax has expanded its portfolio with additional 0DTE and weekly distribution ETFs like QDTY, alongside routine distribution announcements through 2025, reflecting ongoing product innovation in synthetic covered call vehicles. No major acquisitions, partnerships, or reorganizations specific to SDTY have been reported as of late 2025, with operations remaining focused on U.S. markets and retail/institutional income investors.