YieldMax Strategic Metals & Mining Portfolio Option Income ETF

Frequently Asked Questions About MINY

What does MINY invest in?

The YieldMax Strategic Metals & Mining Portfolio Option Income ETF, or MINY, is a professionally managed exchange-traded fund designed with a dual objective: to deliver consistent income and foster long-term capital growth. MINY achieves this by investing in a concentrated portfolio of approximately 15 to 30 publicly listed companies operating within the strategic metals and mining sector. Its primary strategy for generating income involves writing options contracts on its equity holdings, aiming to provide distributions to investors on a weekly basis. Beyond options income, the ETF also pursues capital appreciation through direct investments in the equities of these companies. The fund's adviser meticulously evaluates potential holdings, considering factors such as stock and options liquidity, price levels, and implied volatility, and continually adjusts the portfolio through regular reviews to optimize its composition.

What is the expense ratio of MINY?

YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

What is MINY's distribution yield?

MINY's trailing-twelve-month yield is 14.77%, calculated from the sum of distributions over the past year divided by the current price.

How does MINY's covered-call strategy work?

MINY 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 MINY?

YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY) manages $6.0M 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 MINY actively managed or an index fund?

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