Key stats
About Tidal Trust II YieldMax Ultra Option Income Strategy ETF
Expense ratio
1.14%
Home page
Inception date
Feb 29, 2024
ULTY seeks current income through option premiums while potentially benefiting from the share price returns of select US stocks subject to investment gain. Utilizing quantitative screens, the sub-adviser selects 15-30 securities based on implied volatility, upcoming events, trading volumes, and liquidity, although it may hold as few as five stocks. Positions are constructed through a blend of traditional and synthetic covered call strategies, with allocations determined based on market conditions and the cost-effectiveness of direct holdings versus synthetic positions. The fund writes call options with a strike price around 15% above the current share price of the underlying securities. Despite its focus on income generation, the strategy inherently limits upside potential beyond a certain threshold. Monthly income is sourced from writing call options, dividends from direct investments, and US treasuries. Regular reviews and active trading may result in high portfolio turnover.
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
Electronic Technology
Technology Services
ETF
Stocks72.98%
Electronic Technology17.55%
Technology Services15.80%
Consumer Durables6.36%
Consumer Non-Durables5.53%
Retail Trade5.41%
Health Services4.98%
Health Technology4.54%
Finance3.03%
Utilities2.70%
Transportation2.64%
Consumer Services2.40%
Commercial Services1.13%
Producer Manufacturing0.90%
Bonds, Cash & Other27.02%
ETF13.67%
Mutual fund8.29%
Cash4.61%
Rights & Warrants0.45%
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