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About Tidal Trust II YieldMax AI Option Income Strategy ETF
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Inception date
Nov 27, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
AIYY aims to generate monthly income while providing exposure to the price returns of C3.ai, Inc. stock (AI), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of AI shares by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above AI's current share price. This limits participation in potential gains if AI shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in AI stocks. Thus, investors are not entitled to any AI dividends.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government94.29%
Mutual fund4.50%
Cash2.35%
Rights & Warrants−1.15%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AIYY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 4.25% 15-OCT-2025, occupying 26.40% and 21.95% of the portfolio correspondingly.
AIYY last dividends amounted to 0.32 USD. The month before, the issuer paid 0.32 USD in dividends, which shows a 1.12% decrease.
AIYY assets under management is 101.97 M USD. It's risen 12.40% over the last month.
AIYY fund flows account for 155.01 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AIYY pays dividends to its holders with the dividend yield of 128.55%. The last dividend (Jun 6, 2025) amounted to 0.32 USD. The dividends are paid monthly.
AIYY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Nov 27, 2023, and its management style is Active.
AIYY expense ratio is 1.67% meaning you'd have to pay 1.67% of your investment to help manage the fund.
AIYY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AIYY invests in bonds.
AIYY price has fallen by −9.11% over the last month, and its yearly performance shows a −63.49% decrease. See more dynamics on AIYY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 6.37% increase in three-month performance and has decreased by −22.39% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 6.37% increase in three-month performance and has decreased by −22.39% in a year.
AIYY trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.