YieldMax HIMS Option Income Strategy ETF

Frequently Asked Questions About HIYY

What does HIYY invest in?

The YieldMax HIMS Option Income Strategy ETF, known by its ticker HIYY, functions as an actively managed exchange-traded fund. Its primary objective is to produce consistent weekly income for investors. This is accomplished through a strategic approach of selling either call options or call spreads linked to the HIMS stock. The fund's methodology is designed to both secure income from the premiums generated by these options and allow for participation in any potential upward movement of HIMS's share price.

What is the expense ratio of HIYY?

YieldMax HIMS Option Income Strategy ETF (HIYY) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

What is HIYY's distribution yield?

HIYY's trailing-twelve-month yield is 98.78%, calculated from the sum of distributions over the past year divided by the current price.

How does HIYY's covered-call strategy work?

HIYY 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 HIYY?

YieldMax HIMS Option Income Strategy ETF (HIYY) manages $11.2M 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 HIYY actively managed or an index fund?

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