Key stats
About YieldMax TSLA Option Income Strategy ETF
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Inception date
Nov 22, 2022
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
TSLY aims to generate monthly income while providing exposure to the price returns of Tesla stock (TSLA), 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 TSLA 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 TSLA's current share price. This limits participation in potential gains if TSLA 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 TSLA stocks. Thus, investors are not entitled to any TSLA 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%
Government95.86%
Cash7.21%
Mutual fund1.82%
Rights & Warrants−4.89%
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
TSLY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 3.0% 15-JUL-2025, occupying 41.76% and 19.53% of the portfolio correspondingly.
TSLY last dividends amounted to 0.40 USD. The month before, the issuer paid 0.76 USD in dividends, which shows a 88.68% decrease.
TSLY assets under management is 1.19 B USD. It's risen 7.55% over the last month.
TSLY fund flows account for 1.08 B 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, TSLY pays dividends to its holders with the dividend yield of 109.85%. The last dividend (Jun 13, 2025) amounted to 0.40 USD. The dividends are paid monthly.
TSLY shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Nov 22, 2022, and its management style is Active.
TSLY expense ratio is 1.04% meaning you'd have to pay 1.04% of your investment to help manage the fund.
TSLY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSLY invests in bonds.
TSLY price has fallen by −7.73% over the last month, and its yearly performance shows a −42.03% decrease. See more dynamics on TSLY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 32.13% increase in three-month performance and has increased by 35.59% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 32.13% increase in three-month performance and has increased by 35.59% in a year.
TSLY trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.