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About Tidal Trust II YieldMax SNOW Option Income Strategy ETF
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Inception date
Jun 11, 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
SNOY aims to generate monthly income while providing exposure to the price returns of Snowflake stock (SNOW), 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 as collateral. The synthetic long exposure seeks to replicate the price movements of SNOW 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 SNOW's current share price. This limits participation in potential gains if SNOW 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 SNOW stocks. Thus, investors are not entitled to any SNOW 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
Cash
Bonds, Cash & Other100.00%
Government77.78%
Cash12.21%
Rights & Warrants8.37%
Mutual fund1.64%
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
SNOY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Bills 0.0% 14-AUG-2025, occupying 19.54% and 13.37% of the portfolio correspondingly.
SNOY last dividends amounted to 1.31 USD. The month before, the issuer paid 0.69 USD in dividends, which shows a 47.47% increase.
SNOY assets under management is 59.09 M USD. It's risen 42.02% over the last month.
SNOY fund flows account for 69.97 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, SNOY pays dividends to its holders with the dividend yield of 66.53%. The last dividend (May 16, 2025) amounted to 1.31 USD. The dividends are paid monthly.
SNOY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Jun 11, 2024, and its management style is Active.
SNOY expense ratio is 1.04% meaning you'd have to pay 1.04% of your investment to help manage the fund.
SNOY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SNOY invests in bonds.
SNOY price has risen by 11.26% over the last month, and its yearly performance shows a −16.83% decrease. See more dynamics on SNOY price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.20% decrease in three-month performance and has increased by 14.46% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −2.20% decrease in three-month performance and has increased by 14.46% in a year.
SNOY trades at a premium (0.30%) meaning the ETF is trading at a higher price than the calculated NAV.