YieldMax Gold Miners Option Income Strategy ETF

Frequently Asked Questions About GDXY

What does GDXY invest in?

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is a dynamically managed, publicly traded fund. Its primary objective is to deliver consistent weekly earnings by engaging in the strategic sale of call options or call spreads tied to GDX, a gold miners sector fund. This investment vehicle is structured to both collect income from option premiums and offer some exposure to potential appreciation in GDX's share price.

What is the expense ratio of GDXY?

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

What is GDXY's distribution yield?

GDXY's trailing-twelve-month yield is 75.67%, 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 GDXY's covered-call strategy work?

GDXY 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 GDXY?

YieldMax Gold Miners Option Income Strategy ETF (GDXY) manages $332.5M 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 GDXY actively managed or an index fund?

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