YieldMax TSLA Option Income Strategy ETF

Frequently Asked Questions About TSLY

What does TSLY invest in?

The YieldMax TSLA Option Income Strategy ETF (TSLY) is an actively managed, exchange-traded fund dedicated to producing consistent weekly income. This is achieved through the strategic sale of call options or call spreads based on TSLA shares. The fund's methodology is crafted to collect premiums from these options while also allowing investors to participate in potential gains from the underlying TSLA stock's price appreciation.

What is the expense ratio of TSLY?

YieldMax TSLA Option Income Strategy ETF (TSLY) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is TSLY's distribution yield?

TSLY's trailing-twelve-month yield is 73.39%, 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 TSLY's covered-call strategy work?

TSLY 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 TSLY?

YieldMax TSLA Option Income Strategy ETF (TSLY) manages $663.6M 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 TSLY actively managed or an index fund?

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