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About Tidal Trust II YieldMax JPM Option Income Strategy ETF
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Inception date
Sep 11, 2023
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
JPMO aims to generate monthly income while providing exposure to the price returns of JPMorgan Chase & Co. stock (JPM), 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 JPM 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 JPM's current share price. This limits participation in potential gains if JPM 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 JPM stocks. Thus, investors are not entitled to any JPM 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%
Government82.46%
Mutual fund6.77%
Rights & Warrants6.05%
Cash4.72%
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
JPMO top holdings are United States Treasury Bills 0.0% 14-AUG-2025 and United States Treasury Notes 3.0% 15-JUL-2025, occupying 18.19% and 16.14% of the portfolio correspondingly.
JPMO last dividends amounted to 0.39 USD. The month before, the issuer paid 0.56 USD in dividends, which shows a 43.05% decrease.
JPMO assets under management is 54.94 M USD. It's risen 12.47% over the last month.
JPMO fund flows account for 45.23 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, JPMO pays dividends to its holders with the dividend yield of 28.40%. The last dividend (May 23, 2025) amounted to 0.39 USD. The dividends are paid monthly.
JPMO shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Sep 11, 2023, and its management style is Active.
JPMO expense ratio is 1.19% meaning you'd have to pay 1.19% of your investment to help manage the fund.
JPMO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
JPMO invests in bonds.
JPMO price has risen by 5.87% over the last month, and its yearly performance shows a −15.33% decrease. See more dynamics on JPMO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −7.79% decrease in three-month performance and has increased by 6.90% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −7.79% decrease in three-month performance and has increased by 6.90% in a year.
JPMO trades at a premium (0.43%) meaning the ETF is trading at a higher price than the calculated NAV.