YieldMax MARA Option Income Strategy ETF

Frequently Asked Questions About MARO

What does MARO invest in?

The YieldMax MARA Option Income Strategy ETF (MARO) is an actively managed fund engineered to provide a consistent stream of weekly income. It accomplishes this by strategically selling call options or call spreads on the underlying MARA stock. This method is intended to collect premiums generated from these derivatives, while simultaneously offering investors a measure of participation in any upward movement of MARA's share price.

What is the expense ratio of MARO?

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

What is MARO's distribution yield?

MARO's trailing-twelve-month yield is 208.32%, 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 MARO's covered-call strategy work?

MARO 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 MARO?

YieldMax MARA Option Income Strategy ETF (MARO) manages $41.7M 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 MARO actively managed or an index fund?

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