YieldMax MU Option Income Strategy ETF

Frequently Asked Questions About MUY

What does MUY invest in?

YieldMax MU Option Income Strategy ETF is an actively managed exchange-traded fund designed to generate weekly income by selling call spreads on Micron Technology Inc. (MU). The fund seeks to earn option premiums from MU's share-price volatility while maintaining exposure to potential appreciation in MU shares. Its options strategy limits participation in some of the underlying stock's potential gains.

What is the expense ratio of MUY?

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

What is MUY's distribution yield?

MUY's trailing-twelve-month yield is 0.70%, calculated from the sum of distributions over the past year divided by the current price.

How does MUY's covered-call strategy work?

MUY 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 MUY?

YieldMax MU Option Income Strategy ETF (MUY) manages $3.9M 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 MUY actively managed or an index fund?

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