YieldMax AMD Option Income Strategy ETF

Frequently Asked Questions About AMDY

What does AMDY invest in?

Tidal Trust II - YieldMax AMD Option Income Strategy ETF is an exchange traded fund launched and managed by Tidal Investments, LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, it invests through derivatives in stocks of companies operating across information technology, semiconductor, and semiconductor equipment sectors. The fund employs long/short strategy and uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests in short-term U.S. treasury securities. It seeks to benchmark the performance of its portfolio against the S&P 500 Total Return Index. Tidal Trust II - YieldMax AMD Option Income Strategy ETF was formed on September 18, 2023 and is domiciled in the United States.

What is the expense ratio of AMDY?

YieldMax AMD Option Income Strategy ETF (AMDY) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is AMDY's distribution yield?

AMDY's trailing-twelve-month yield is 80.49%, calculated from the sum of distributions over the past year divided by the current price. A rate this high reflects large option-premium distributions against a NAV that has declined over the same period — part of each payout may be return of capital rather than earned income.

How does AMDY's covered-call strategy work?

AMDY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is AMDY?

YieldMax AMD Option Income Strategy ETF (AMDY) manages $389.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMDY actively managed or an index fund?

AMDY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.