YieldMax AAPL Option Income Strategy ETF

Frequently Asked Questions About APLY

What does APLY invest in?

The YieldMax AAPL Option Income Strategy ETF (APLY) is an actively managed fund that seeks to provide regular weekly income. This is achieved by systematically selling call options or call spreads that are tied to Apple (AAPL) stock. The core of its strategy is to collect premiums generated from these option sales, while also allowing investors to gain from any potential appreciation in AAPL's share price.

What is the expense ratio of APLY?

YieldMax AAPL Option Income Strategy ETF (APLY) charges an expense ratio of 1.04%. This is the annual fee deducted from fund assets to cover management and operations.

What is APLY's distribution yield?

APLY's trailing-twelve-month yield is 32.12%, 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 APLY's covered-call strategy work?

APLY 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 APLY?

YieldMax AAPL Option Income Strategy ETF (APLY) manages $112.0M 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 APLY actively managed or an index fund?

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