YieldMax META Option Income Strategy ETF

Frequently Asked Questions About FBY

What does FBY invest in?

The YieldMax META Option Income Strategy ETF (FBY) is an actively managed fund with the primary goal of generating consistent weekly income. It achieves this by strategically selling call options or call spreads that are linked to the underlying shares of META Platforms Inc. This investment approach is designed to capture option premiums, while also providing a degree of exposure to potential appreciation in META's stock price.

What is the expense ratio of FBY?

YieldMax META Option Income Strategy ETF (FBY) charges an expense ratio of 1.06%. This is the annual fee deducted from fund assets to cover management and operations.

What is FBY's distribution yield?

FBY's trailing-twelve-month yield is 57.27%, 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 FBY's covered-call strategy work?

FBY 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 FBY?

YieldMax META Option Income Strategy ETF (FBY) manages $90.9M 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 FBY actively managed or an index fund?

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