CHICAGO, MILWAUKEE, NEW YORK, January 17, 2024 (Globe Newswire) — YieldMax™ today announced the launch of the YieldMax™ Universe Fund of Option Income ETF (NYSE Arca: YMAX).
Overview of YMAX
Wimax is a “fund of funds” ETF that aims to provide investors with monthly income. As a “fund of funds” ETF, WiMAX's portfolio primarily consists of these YieldMax™ ETFs (“Underlying YieldMax™ ETF”) relies on a synthetic covered call strategy.
YMAX portfolio construction
The underlying YieldMax™ ETF held by YMAX is equally weighted, and the weights are redistributed monthly. In addition, YMAX's portfolio will be further adjusted to include the new Underlying YieldMax™ ETF, which has begun operations and made its first distribution.
Why invest in YMAX?
- YMAX seeks to generate recurring income primarily through investments in the underlying YieldMax™ ETFs.
- Each Underlying YieldMax™ ETF employs a synthetic covered call strategy that generates income from option premiums and aims to provide indirect exposure to the stock price returns of a particular security with a cap on potential gains. I am.
- YMAX's underlying portfolio of YieldMax™ ETFs is designed to expand shareholder access and simplify ownership, providing exposure to a large number of YieldMax™ ETFs in a single ETF.
Current YMAX Portfolio
The table below provides distribution and yield information for YMAX's current holdings in the Underlying YieldMax™ ETF.
|30 day SEC
|YieldMax™ TSLA Option Income Strategy ETF
|YieldMax™ Innovation Option Income Strategy ETF
|YieldMax™ AAPL Option Income Strategy ETF
|YieldMax™ NVDA Option Income Strategy ETF
|YieldMax™ AMZN Option Income Strategy ETF
|YieldMax™ META Option Income Strategy ETF
|YieldMax™ GOOGL Option Income Strategy ETF
|YieldMax™ NFLX Option Income Strategy ETF
|YieldMax™ COIN Option Income Strategy ETF
|YieldMax™ MSFT Option Income Strategy ETF
|YieldMax™ DIS Option Income Strategy ETF
|YieldMax™ XOM Option Income Strategy ETF
|YieldMax™ JPM Option Income Strategy ETF
|YieldMax™ AMD Option Income Strategy ETF
|YieldMax™ PYPL Option Income Strategy ETF
|YieldMax™ SQ Option Income Strategy ETF
|YieldMax™ MRNA Option Income Strategy ETF
|YieldMax™ AI Option Income Strategy ETF
1 all YieldMax™ ETF It is shown inside the table On top of that The total expense ratio is 0.99%.
2 distribution rate What is currently displayed is get closer January 16, 2024. of distribution rate The annual yield an investor would receive if the most recent investment was made.declared distribution, This also includes option income., it was the same in the future.of distribution rate It is calculated by multiplying like that distribution Divide by 12 and get the amount The latest NAV of the ETF. of distribution rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gains, and returns on investor capital, which may reduce the ETF's NAV and trading price over time. As a result, investors may suffer significant losses on their investments. These distribution rates may be caused by unusually favorable market conditions and may not be sustainable. This situation may not exist in the future, and we do not expect this type of performance to be repeated in the future.
3 30 day SEC yield represents net investment income, Excludes option income, Profit gained by ETF over 30 days The period has ended December 31, 2023, expression As an annualized percentage based on the ETF's stock price at the end of the 30-day period.
Four of each ETF Strategy will limit potential profits If the of the reference asset the value of the stock increases, still aimed at investors against all potential losses of the reference asset stock decrease in value.Such potential losses is not offset by income received by. ETF.
Click here to learn more about TSLY. Click here for information on oak. Click here to apply. Click here for information about NVDY. Click here for AMZY. Click here for FBY. Click here for information about GOOY. Click here for NFLY. For more information about Connie, click here. Click here for MSFO. Click here to learn about DISO. Click here for information about XOMO. Click here for JPMO. Click here for AMDY. Click here for PYPY. Click here for information about SQY. Click here for MRNY. Click here for AIYY.
Click here for TSLY, APLY, NVDY, AMZY, FBY, GOOY, NFLY, CONY, SQY. Click here for information on oak. Click here for MSFO, DISO, XOMO, JPMO, AMDY, PYPY, MRNY. Click here for AIYY. For information about YMAX, click here.
The performance data above represents historical performance. Past performance does not guarantee future results. The return on investment and the principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be less than the performance stated above. may be lower or higher. Performance through the most recent month-end is available by calling (833) 378-0717.
Tidal Financial Group is the advisor and ZEGA Financial is its subadviser for all YieldMax™ ETFs.
About Tidal Financial Group
Founded by ETF industry pioneers and thought leaders, Tidal Financial Group aims to revolutionize the way ETFs are traditionally developed, launched, marketed, and sold. Tidal provides comprehensive services, proprietary tools, and methodologies designed to bring lasting ideas to market with a focus on AUM growth. Tidal is a champion of ETF innovation. The company's mission is to provide issuers with the intelligence and tools they need to efficiently and effectively launch ETFs and optimize their growth potential in a highly competitive space. For more information, please visit https://www.tidalfinancialgroup.com/.
About ZEGA Financial
Founded in 2011, ZEGA Financial is an SEC-registered investment advisory and investment management firm specializing in derivatives. The company leverages technology, data, experience and proprietary strategies to create products and services for advisors and individual investors. ZEGA Financial helps investors navigate volatile and uncertain markets through innovative hedging strategies. The company's founding principles grew out of the best-selling book “Buy and Hedge, His Five Golden Rules for Long-Term Investing,” co-authored with Jay Pestricelli, his CEO and co-founder of ZEGA. His book highlights how to bridge the complex nature of options investing with the needs of everyday investors.
You should carefully consider a Fund's investment objectives, risks, charges and expenses before investing. This and other information is contained in the prospectus. Please read the prospectus carefully before investing.
Investments involve risk. There is a possibility of loss of principal. The Fund, Trust, Adviser and Sub-Adviser are not affiliated with the underlying issuers. Potential security risks. Each underlying YieldMax™ ETF invests in option contracts based on the value of the underlying securities. This exposes each underlying YieldMax™ ETF to the same risks as if it owned shares of the underlying security, even if it does not own the shares. As a result, each Underlying YieldMax™ ETF is subject to risks associated with the industry of the corresponding Underlying Issuer. Derivative risk. Derivatives are financial instruments that derive value from an underlying reference asset, such as a stock, bond, fund (including ETF), interest rate, or index. An investment in each underlying YieldMax™ ETF's derivatives is subject to risks associated with the market, risks associated with the underlying investments or other portfolios of the underlying YieldMax™ ETF, securities or other regular investments. may pose additional risks in addition to those associated with. holdings, increased price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. The underlying YieldMax™ ETF investment strategy is options-based. Option prices are volatile and are affected by actual and expected changes in the value of the underlying instrument, including expected volatility, which is influenced by, among other things, fiscal, monetary, domestic and international policies. Actual or implied volatility, or reference asset, time remaining until expiration of option contract, and economic events. Distribution Risk. Each Underlying YieldMax™ ETF is intended to provide monthly returns, but distributions are not guaranteed in any particular month and distributions can fluctuate significantly. Monthly distributions may consist of capital returns, particularly as the NAV and trading price of each underlying YieldMax™ ETF decreases over time. Dividends are not included and may result in significant losses to investors (including the Fund). securities. This may result in lower income compared to investing directly in the underlying securities. Risk of NAV erosion due to distributions. When the underlying YieldMax™ ETF makes a distribution, its NAV typically decreases by the amount of the distribution on the relevant ex-dividend date. Repeated payments of distributions may materially impair his NAV and trading price of the underlying YieldMax™ ETF over time, potentially resulting in significant losses to investors (including the Fund) . Risks of call writing strategies. The continued application of each underlying YieldMax™ ETF's call writing strategy impacts its ability to participate in the positive price returns of the underlying security, and it increases the likelihood that each underlying YieldMax™ ETF's call writing strategy will be Affects the return of the underlying YieldMax™ ETF. flame. Underlying YieldMax™ ETF's participation in the positive price returns of the underlying securities, and its own returns, depend not only on the price of the underlying securities, but also on the path that the price of the underlying securities follows over time. Underlying YieldMax™ leads to suboptimal results for the ETF. Single Issuer Risk. Each Underlying YieldMax™ ETF focuses on an individual security (Underlying Security) and, due to issuer-specific attributes, may experience greater volatility compared to traditional pooled investments or the market in general. . Its performance may deviate from the performance of diversified investments and the market as a whole and is potentially subject to specific performance and risks associated with the underlying securities. Portfolio turnover risk is high. Each Underlying YieldMax™ ETF may actively and frequently trade all or a significant portion of the Underlying YieldMax™ ETF's holdings. High portfolio turnover increases transaction costs and may increase the expenses of the underlying YieldMax™ ETF. New Fund Risks. The Fund is a newly established management investment company and does not have any operational experience. As a result, prospective investors have no track record or history on which to base their investment decisions.
YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs, or ZEGA Financial.
© 2024 YieldMax™ ETF