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About Tidal Trust II YieldMax Gold Miners Option Income Strategy ETF
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Inception date
May 20, 2024
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
GDXY aims to generate monthly income while providing exposure to the price returns of the VanEck Gold Miners ETF (GDX), 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 GDX 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 GDX's current share price. This limits participation in potential gains if GDX 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 GDX. Thus, investors are not entitled to any GDX distributions.
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%
Government91.43%
Cash4.55%
Rights & Warrants4.02%
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
GDXY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 4.25% 15-OCT-2025, occupying 25.09% and 21.70% of the portfolio correspondingly.
GDXY last dividends amounted to 0.37 USD. The month before, the issuer paid 0.73 USD in dividends, which shows a 94.81% decrease.
GDXY assets under management is 85.10 M USD. It's risen 32.13% over the last month.
GDXY fund flows account for 82.86 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, GDXY pays dividends to its holders with the dividend yield of 59.51%. The last dividend (May 23, 2025) amounted to 0.37 USD. The dividends are paid monthly.
GDXY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on May 20, 2024, and its management style is Active.
GDXY expense ratio is 1.08% meaning you'd have to pay 1.08% of your investment to help manage the fund.
GDXY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GDXY invests in bonds.
GDXY price has risen by 10.08% over the last month, and its yearly performance shows a −13.57% decrease. See more dynamics on GDXY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 11.97% increase in three-month performance and has increased by 36.06% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 11.97% increase in three-month performance and has increased by 36.06% in a year.
GDXY trades at a premium (0.42%) meaning the ETF is trading at a higher price than the calculated NAV.