# YieldMax Semiconductor Portfolio Option Income ETF (CHPY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/chpy for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: YieldMax · Asset class: Equity - Strategy: Options Income · Inception: 2025-04-02 The YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is an actively managed fund that aims to deliver both consistent income and long-term growth. It invests in a focused portfolio of roughly 15 to 30 publicly traded companies within the semiconductor industry. The primary driver of the fund's income is the strategic sale of options contracts on its underlying stock holdings, with the goal of making distributions to investors every week. Beyond options income, CHPY also seeks capital appreciation directly from its equity investments. The fund's management team carefully selects pot... ## Key Facts | Metric | Value | |---|---| | Price | $60.91 | | Expense Ratio | 1.03% | | Assets Under Management | $1.33B | | NAV | $61.07 | | Holdings Count | 0 | | Distribution Yield (TTM) | 45.41% | | Annual Distribution (TTM) | $27.66 /share | | Distribution Frequency | Weekly | | 52-Week Range | $50.85 – $89.86 | | Beta | 1.95 | ## Latest Distribution - Amount: $0.4702 /share - Ex-date: 2026-10-21 - Pay date: 2026-10-22 ## Frequently Asked Questions ### What does CHPY invest in? The YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is an actively managed fund that aims to deliver both consistent income and long-term growth. It invests in a focused portfolio of roughly 15 to 30 publicly traded companies within the semiconductor industry. The primary driver of the fund's income is the strategic sale of options contracts on its underlying stock holdings, with the goal of making distributions to investors every week. Beyond options income, CHPY also seeks capital appreciation directly from its equity investments. The fund's management team carefully selects potential holdings by assessing their stock and options liquidity, current valuation, and anticipated price volatility, and continuously reviews the portfolio to optimize its composition. ### What is the expense ratio of CHPY? YieldMax Semiconductor Portfolio Option Income ETF (CHPY) charges an expense ratio of 1.03%. This is the annual fee deducted from fund assets to cover management and operations. ### What is CHPY's distribution yield? CHPY's trailing-twelve-month yield is 45.41%, 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 CHPY's covered-call strategy work? CHPY 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 CHPY? YieldMax Semiconductor Portfolio Option Income ETF (CHPY) manages $1.33B 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 CHPY actively managed or an index fund? CHPY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does CHPY pay a distribution? Yes, YieldMax Semiconductor Portfolio Option Income ETF (CHPY) distributes distributions to shareholders. The trailing-twelve-month yield is 45.41%. 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. Full distribution history is on this page. ### How often does CHPY pay distributions? YieldMax Semiconductor Portfolio Option Income ETF pays distributions Weekly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is CHPY's next ex-distribution date? The most recently announced ex-distribution date for CHPY was 2026-10-21. The next ex-date typically follows Weekly; once announced it appears at the top of the distribution history table on this page. ### Is CHPY's distribution sustainable? Covered-call ETFs like CHPY fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will CHPY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.03% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CHPY charge its expense ratio? The expense ratio is deducted in tiny daily slices from CHPY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CHPY cost more than a fund like VOO? CHPY is an options-income fund (current expense ratio 1.03%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares CHPY against the options-income cohort, not VOO. ### Are CHPY's distributions taxed at ordinary income or qualified-dividend rates? CHPY's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to CHPY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as CHPY (1.03%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/chpy - Distribution history: https://www.dividenddata.com/funds/chpy/dividend - Holdings & diversification: https://www.dividenddata.com/funds/chpy/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/chpy/expenses - Peer comparison: https://www.dividenddata.com/funds/chpy/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.