- What does YBMN invest in?
- The Defiance BMNR Option Income ETF, often referred to simply as the Fund, seeks to provide investors with a steady stream of income. Concurrently, it offers exposure to the equity performance of BitMine Immersion Technologies, Inc. (BMNR), which serves as its underlying asset. A key characteristic of this investment is a defined ceiling on potential capital appreciation.
- What is the expense ratio of YBMN?
- Defiance BMNR Option Income ETF (YBMN) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.
- What is YBMN's distribution yield?
- YBMN's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
- How does YBMN's covered-call strategy work?
- YBMN 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 YBMN?
- Defiance BMNR Option Income ETF (YBMN) manages $3.1M 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 YBMN actively managed or an index fund?
- YBMN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
