YieldMax Universe Fund of Option Income ETFs
YMAX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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 17, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax Universe Fund of Option Income ETFs (YMAX) is an actively managed exchange-traded fund that primarily seeks current income as a fund-of-funds investing in shares of other YieldMax ETFs, which employ synthetic covered call and synthetic covered call spread strategies on specific underlying securities; these strategies generate income from option premiums while providing indirect exposure to the share price returns of underlying issuers such as common stocks of operating companies, ETFs, or exchange-traded products, subject to a cap on potential gains. The fund holds a diversified portfolio of approximately 40 Underlying YieldMax ETFs, including prominent holdings like YieldMax AMZN Option Income Strategy ETF (AMZY), YieldMax GOOGL Option Income Strategy ETF (GOOY), YieldMax AAPL Option Income Strategy ETF (APLY), YieldMax NVDA Option Income Strategy ETF (NVDY), and YieldMax MSFT Option Income Strategy ETF (MSFO), with monthly rebalancing to maintain equal weighting among eligible funds that have commenced operations and made an initial distribution. YMAX may also directly invest in similar securities or financial instruments from time to time and collateralizes options with U.S. Treasuries; it targets retail and institutional investors seeking high weekly distributions from options-based income strategies in the derivative income and equity income segments. Launched on January 16, 2024, and listed on NYSE Arca, YMAX is advised by Tidal Investments LLC, with Tidal ETF Services LLC as administrator, both based in Milwaukee, Wisconsin; the fund operates under Tidal Trust II and distributes weekly payouts reflecting high yields, such as a trailing twelve-month dividend yield exceeding 76% as of late 2025. The fund's total assets under management stand at approximately $725 million to $1.03 billion, with a gross expense ratio of 1.28% including acquired fund fees and expenses of 0.99%. In recent developments, YieldMax has expanded its product lineup significantly in 2025, launching the Performance & Distribution Target 25™ ETFs family on November 18, 2025, focused on generating consistent weekly income at a 25% target annual distribution level alongside participation in underlying stock performance; this follows strategic updates to related funds like ULTY in December 2025, introducing balanced equity exposure to high-volatility names for premium generation and lower-volatility large caps for NAV stability. The issuer continues frequent distribution announcements, such as high yields on holdings like BABO (115.03%) and PLTY (111.13%) in early 2025, and plans for additional target income ETFs based on popular covered call strategies amid ongoing portfolio refinements to address NAV erosion risks. These initiatives reflect YieldMax's growth in options arbitrage and alternative relative value strategies, with no reported acquisitions or name changes but ongoing innovation in single-issuer and sector-focused option income products.