YieldMax COIN Option Income Strategy ETF

Frequently Asked Questions About CONY

What does CONY invest in?

As an actively managed exchange-traded fund, the YieldMax COIN Option Income Strategy ETF (CONY) aims to deliver consistent weekly income. This is accomplished through a strategic approach involving the sale of call options or call spreads on COIN. The fund's methodology is structured to capitalize on option premiums while simultaneously allowing for participation in any gains from COIN's stock price.

What is the expense ratio of CONY?

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

What is CONY's distribution yield?

CONY's trailing-twelve-month yield is 140.42%, 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 CONY's covered-call strategy work?

CONY 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 CONY?

YieldMax COIN Option Income Strategy ETF (CONY) manages $363.8M 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 CONY actively managed or an index fund?

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