Key stats
About Tidal ETF Trust II YieldMax NFLX Option Income Strategy ETF
Home page
Inception date
Aug 7, 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
NFLY aims to generate monthly income while providing exposure to the price returns of Netflix stock (NFLX), 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 NFLX 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 NFLXs current share price. This limits participation in potential gains if NFLX 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 Netflix stocks. Thus, investors are not entitled to any NFLX 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%
Government94.41%
Rights & Warrants4.89%
Cash0.60%
Mutual fund0.09%
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
NFLY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Bills 0.0% 14-AUG-2025, occupying 21.04% and 19.52% of the portfolio correspondingly.
NFLY last dividends amounted to 0.92 USD. The month before, the issuer paid 0.60 USD in dividends, which shows a 34.78% increase.
NFLY assets under management is 142.53 M USD. It's risen 24.28% over the last month.
NFLY fund flows account for 90.50 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, NFLY pays dividends to its holders with the dividend yield of 43.62%. The last dividend (May 2, 2025) amounted to 0.92 USD. The dividends are paid monthly.
NFLY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Aug 7, 2023, and its management style is Active.
NFLY expense ratio is 1.05% meaning you'd have to pay 1.05% of your investment to help manage the fund.
NFLY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NFLY invests in bonds.
NFLY price has risen by 8.48% over the last month, and its yearly performance shows a 6.08% increase. See more dynamics on NFLY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 15.99% over the last month, showed a 11.06% increase in three-month performance and has increased by 72.56% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 15.99% over the last month, showed a 11.06% increase in three-month performance and has increased by 72.56% in a year.
NFLY trades at a premium (0.41%) meaning the ETF is trading at a higher price than the calculated NAV.