YieldMax GOOGL Option Income Strategy ETF

Frequently Asked Questions About GOOY

What does GOOY invest in?

The YieldMax GOOGL Option Income Strategy ETF, known by its ticker GOOY, is an actively managed fund with the goal of generating consistent weekly income. It achieves this through a strategy of selling call options or call spreads tied to GOOGL stock. This method is intended to secure premiums from these options while also allowing investors to participate in any potential appreciation of GOOGL's share price.

What is the expense ratio of GOOY?

YieldMax GOOGL Option Income Strategy ETF (GOOY) charges an expense ratio of 1.14%. This is the annual fee deducted from fund assets to cover management and operations.

What is GOOY's distribution yield?

GOOY's trailing-twelve-month yield is 56.22%, 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 GOOY's covered-call strategy work?

GOOY 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 GOOY?

YieldMax GOOGL Option Income Strategy ETF (GOOY) manages $238.2M 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 GOOY actively managed or an index fund?

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