YieldMax TSM Option Income Strategy ETF

Frequently Asked Questions About TSMY

What does TSMY invest in?

Operating as an actively managed exchange-traded fund, the YieldMax TSM Option Income Strategy ETF (TSMY) aims to provide investors with a steady stream of weekly income. This is accomplished through the disciplined practice of writing call options or call spreads on TSM. The fund's framework is built to secure option premiums, alongside offering the benefit of participating in TSM's potential share price growth.

What is the expense ratio of TSMY?

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

What is TSMY's distribution yield?

TSMY's trailing-twelve-month yield is 55.71%, 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 TSMY's covered-call strategy work?

TSMY 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 TSMY?

YieldMax TSM Option Income Strategy ETF (TSMY) manages $130.3M 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 TSMY actively managed or an index fund?

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