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About Tidal Trust II YieldMax BABA Option Income Strategy ETF
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Inception date
Aug 8, 2024
Structure
Open-Ended Fund
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
BABO aims to generate monthly income while providing exposure to the price returns of the ADR of Alibaba Group Holding Limited (BABA), subject to a cap on potential gains. It utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of BABA by buying and selling one- to six-month at-the-money calls and puts. The short put positions fully expose investors to the downside of the stock. The fund writes call options expiring in one month or less, with a strike price of 0%-15% above BABA's share price. This generates income but limits participation in potential gains. To seek greater participation in BABA's potential appreciation in the short term, the fund may opportunistically write credit call spreads. Note: the fund does not invest directly in BABA stocks and thus, is not entitled to 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%
Government89.33%
Mutual fund4.31%
Rights & Warrants3.57%
Cash2.80%
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
BABO top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 3.0% 15-JUL-2025, occupying 29.82% and 25.16% of the portfolio correspondingly.
BABO last dividends amounted to 1.00 USD. The month before, the issuer paid 0.66 USD in dividends, which shows a 34.12% increase.
BABO assets under management is 43.39 M USD. It's risen 16.38% over the last month.
BABO fund flows account for 49.71 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, BABO pays dividends to its holders with the dividend yield of 58.85%. The last dividend (May 23, 2025) amounted to 1.00 USD. The dividends are paid monthly.
BABO shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Aug 8, 2024, and its management style is Active.
BABO expense ratio is 1.07% meaning you'd have to pay 1.07% of your investment to help manage the fund.
BABO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BABO invests in bonds.
BABO price has risen by 7.49% over the last month, and its yearly performance shows a −13.62% decrease. See more dynamics on BABO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.61% decrease in three-month performance and has increased by 27.40% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −4.61% decrease in three-month performance and has increased by 27.40% in a year.
BABO trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.