YieldMax Memory and Storage Portfolio Option Income ETF

Frequently Asked Questions About YRAM

What does YRAM invest in?

The YieldMax Memory and Storage Portfolio Option Income ETF is an actively managed ETF that seeks to generate current income and capital appreciation. The fund invests in memory and storage device companies and employs a systematic options strategy that sells call spreads on select portfolio holdings to seek option premium income.

What is the expense ratio of YRAM?

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

What is YRAM's distribution yield?

YRAM's trailing-twelve-month yield is 5.59%, calculated from the sum of distributions over the past year divided by the current price.

How does YRAM's covered-call strategy work?

YRAM 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 YRAM?

YieldMax Memory and Storage Portfolio Option Income ETF (YRAM) manages $7.8M 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 YRAM actively managed or an index fund?

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