Key stats
About Tidal Trust II YieldMax Magnificent 7 Fund of Option Income ETFs
Home page
Inception date
Jan 29, 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
YMAG is a fund-of-funds that invests in YieldMax ETFs, each providing exposure to the Magnificent Seven. These tech stocks are considered market leaders due to their heavy weighting in major large-cap indexes. The underlying ETFs aim to generate monthly income while providing exposure to the price returns of a specific security, subject to a cap on potential investment gains. They utilize a synthetic covered call strategy via standardized exchange-traded and FLEX options, consisting of synthetic long exposure, covered call writing, and US Treasurys as collateral. The strategy limits participation in potential gains when shares increase in value, as well as exposes investors to the stocks downside. The underlying funds do not directly invest in stocks. Hence, investors are not entitled to dividends from the underlying securities. The fund may incorporate tax loss harvesting by exiting an ETF when incurring substantial losses. The equal-weighted portfolio is rebalanced monthly.
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
ETF
Bonds, Cash & Other100.00%
ETF98.52%
Mutual fund1.49%
Cash−0.01%
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
YMAG invests in funds. The fund's major sectors are ETF, with 98.52% stocks, and Mutual fund, with 1.49% of the basket. The assets are mostly located in the North America region.
YMAG top holdings are YieldMax TSLA Option Income Strategy ETF and YieldMax MSFT Option Income Strategy ETF, occupying 14.23% and 14.11% of the portfolio correspondingly.
YMAG last dividends amounted to 0.26 USD. The week before, the issuer paid 0.20 USD in dividends, which shows a 23.01% increase.
YMAG assets under management is 322.58 M USD. It's risen 15.04% over the last month.
YMAG fund flows account for 350.38 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, YMAG pays dividends to its holders with the dividend yield of 47.25%. The last dividend (May 23, 2025) amounted to 0.26 USD. The dividends are paid weekly.
YMAG shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Jan 29, 2024, and its management style is Active.
YMAG expense ratio is 1.12% meaning you'd have to pay 1.12% of your investment to help manage the fund.
YMAG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
YMAG invests in funds.
YMAG price has risen by 14.80% over the last month, and its yearly performance shows a −23.37% decrease. See more dynamics on YMAG price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.75% decrease in three-month performance and has decreased by −4.36% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −4.75% decrease in three-month performance and has decreased by −4.36% in a year.
YMAG trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.