YieldMax Magnificent 7 Fund of Option Income ETF

Frequently Asked Questions About YMAG

What does YMAG invest in?

The YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) is an actively managed investment vehicle that aims to deliver consistent income. Structured as a "fund of funds," YMAG primarily allocates its capital to a selection of YieldMax option income ETFs. These underlying ETFs are specifically designed to provide investors with exposure to the prominent "Magnificent 7" corporations. Each of these constituent YieldMax ETFs endeavors to generate income while also reflecting the share price performance of its respective target company.

What is the expense ratio of YMAG?

YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) charges an expense ratio of 1.34%. This is the annual fee deducted from fund assets to cover management and operations.

What is YMAG's distribution yield?

YMAG's trailing-twelve-month yield is 50.99%, 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 YMAG's covered-call strategy work?

YMAG 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 YMAG?

YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) manages $296.0M 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 YMAG actively managed or an index fund?

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