YieldMax S&P 500 0DTE Covered Call Strategy ETF

Frequently Asked Questions About SDTY

What does SDTY invest in?

The YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) is an actively managed exchange-traded fund that aims to deliver consistent income to investors while simultaneously offering exposure to the S&P 500 Index's price movements. This fund primarily generates its income by routinely selling call options on the S&P 500 Index or related ETFs. These specific options are out-of-the-money and have zero days remaining until their expiration (0DTE). The strategy is meticulously crafted to frequently collect option premiums, with the ultimate goal of providing weekly income distributions.

What is the expense ratio of SDTY?

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.

What is SDTY's distribution yield?

SDTY's trailing-twelve-month yield is 28.82%, calculated from the sum of distributions over the past year divided by the current price.

How does SDTY's covered-call strategy work?

SDTY 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 SDTY?

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) manages $28.2M 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 SDTY actively managed or an index fund?

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