YMAG — YieldMax Magnificent 7 Fund of Option Income ETFs
YieldMax Magnificent 7 Fund of Option Income ETFs (ticker: YMAG) is a equity ETF issued by Tidal Financial Group tracking ACTIVE - No Index. It was launched on 2024-01-29.
About YMAG
YMAG is an actively managed exchange-traded fund that primarily invests in a portfolio of other YieldMax option income ETFs, specifically those focused on "Magnificent 7" technology companies. The fund employs a buy-write strategy, aiming to generate income through covered call options on the underlying equity ETFs. It holds 18 underlying ETFs.
This ETF may be considered by investors seeking exposure to option income strategies derived from major U.S. technology companies. It aims to generate income from premiums received on covered calls rather than direct equity appreciation of the underlying FAANG stocks.
- Targets income generation through a buy-write strategy on U.S. big tech companies.
- Invests in other YieldMax option income ETFs, not directly in individual stocks.
- Actively managed with no underlying index.
- Holds 18 underlying ETFs as of the latest disclosure.
- Expense ratio is 1.12%.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.33% |
| 1 Week | -4.63% |
| 1 Month | -7.26% |
| 3 Months | -4.18% |
| 6 Months | -17.02% |
| YTD | -14.69% |
| 1 Year | -5.08% |
| 3 Years | — |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | Yieldmax Meta Option Income Strategy Etf | FBY | 15.54% |
| 2 | Yieldmax Meta Option Income Strategy Etf | FBY | 15.54% |
| 3 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.36% |
| 4 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.36% |
| 5 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.36% |
| 6 | Yieldmax Meta Option Income Strategy ETF | FBY | 15.36% |
| 7 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.36% |
| 8 | Yieldmax Meta Option Income Strategy ETF | FBY | 15.36% |
| 9 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.17% |
| 10 | YieldMax AAPL Option Income Strategy ETF | APLY | 15.17% |
Fund Profile
| Issuer | Tidal Financial Group |
|---|---|
| Brand | YieldMax |
| Asset Class | equity |
| Strategy | Buy-write |
| Category | n/a |
| Segment | Equity: U.S. Big Tech |
| Index Tracked | ACTIVE - No Index |
| Inception Date | 2024-01-29 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | YMAG |
|---|---|
| Full Name | YieldMax Magnificent 7 Fund of Option Income ETFs |
| Issuer | Tidal Financial Group |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $317.98M |
| Inception | 2024-01-29 |
| Index Tracked | ACTIVE - No Index |
Frequently Asked Questions
What does YMAG track?
YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) tracks ACTIVE - No Index, a equity benchmark.
What is the expense ratio of YMAG?
YMAG has an expense ratio of 0.01% per year.
What is the AUM of YMAG?
YMAG has approximately $317.98M in assets under management.
Does YMAG pay a dividend?
YMAG distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues YMAG?
YMAG is issued by Tidal Financial Group under the YieldMax brand, launched on 2024-01-29.
Open the interactive YMAG dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.