YieldMax Magnificent 7 Fund of Option Income ETF
YMAG
New York Stock Exchange Arca- -
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
FRC
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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
- Jan 30, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an actively managed exchange-traded fund that seeks current monthly income through a fund-of-funds structure, primarily investing in shares of seven affiliated YieldMax ETFs, each employing synthetic covered call strategies on individual Magnificent 7 company stocks; these include YieldMax AAPL Option Income Strategy ETF (APLY) on Apple Inc., YieldMax AMZN Option Income ETF (AMZY) on Amazon.com Inc., YieldMax GOOGL Option Income Strategy ETF (GOOY) on Alphabet Inc., YieldMax META Option Income ETF (FBY) on Meta Platforms Inc., YieldMax MSFT Option Income Strategy ETF (MSFO) on Microsoft Corp., YieldMax NVDA Option Income Strategy ETF (NVDY) on NVIDIA Corp., and YieldMax TSLA Option Income ETF (TSLY) on Tesla Inc., with monthly rebalancing to equal weights across these holdings. The Fund may also directly invest in related securities or financial instruments, such as options contracts, providing indirect capped exposure to share price returns of the underlying securities while generating income from option premiums, though it bears full downside risk without offset from income. Launched on January 29, 2024, and listed on NYSE Arca with ticker YMAG and CUSIP 88636J642, the ETF is managed by YieldMax ETFs in partnership with Tidal ETF Services LLC as launch and structure partner, distributed by Foreside Fund Services LLC, and administered through U.S. Bancorp Fund Services in Milwaukee, Wisconsin, with a gross expense ratio of 1.28% comprising a 0.29% management fee and 0.99% acquired fund fees. The Fund targets income-seeking investors focused on large-cap technology stocks within the Magnificent 7 cohort, operating exclusively in U.S. markets as a domestic equity vehicle with non-diversified exposure concentrated in the technology sector. Its portfolio typically holds eight positions including cash equivalents, with top holdings representing approximately 100% allocation to the seven YieldMax ETFs. In September 2024, YieldMax ETFs announced a major strategic shift across its suite, including YMAG, transitioning from rigid covered call strategies to more flexible "opportunistic" approaches such as covered call spreads to enhance stability, reduce NAV decay, and improve upside potential in varying market conditions. This adaptation addresses observed NAV erosion of nearly 7% since inception despite positive total returns, aiming for better performance amid volatile tech sector dynamics. Recent monthly distributions, such as the August 29, 2025 payout comprising 95.90% return of capital and 4.10% income, underscore ongoing emphasis on yield generation while highlighting risks of NAV erosion from such payouts.