YieldMax Magnificent 7 Fd Of Opt IncETFs's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.  

 The strategy benefits from its experienced portfolio management team. This is a positive driver for the strategy's Average People Pillar rating. The fund earns an Average Process Pillar rating. To be considered a quality steward, this strategy's parent organization needs to improve factors like relatively short-tenured portfolio managers and steep fees. As a result, the firm obtains a Below Average Parent Pillar rating.

Analyst Rating

Yieldmax Tsla Option Income Etf

Tidal Trust II - YieldMax NVDA Option Income Strategy ETF

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Tidal Trust II - YieldMax AMZN Option Income Strategy ETF

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Tidal Trust II - YieldMax META Option Income Strategy ETF

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. YieldMax Magnificent 7 Fd Of Opt IncETFs earns an Average Process Pillar rating. 

The most notable contributor to the rating is the firm's five-year retention rate of 100% over the period. The size of the portfolio management team also contributes to the process. With five portfolio managers, the fund is well-staffed. Lastly, the process is limited by its relatively concentrated portfolio, with its top 10 holdings accounting for 100% of assets. Concentration can lead to outperformance, but it amplifies the risk of a blowup.

 The investment strategy as stated in the fund's prospectus is as follows:

The investment seeks current income.  The fund is a “fund of funds, ” meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. Under normal circumstances, the fund will be nearly fully invested in the seven Underlying YieldMax™ ETFs; provided that for tax purposes, instead of investing in a particular Underlying YieldMax™ ETF, and the fund may invest directly in substantially the same instruments held by that same Underlying YieldMax™ ETF. The fund is non-diversified.

Average

Process

YieldMax Magnificent 7 Fd Of Opt IncETFs earns an Average People Pillar rating. The main contributor to the rating is the firm's five-year retention rate of 100%. The scale of the portfolio management team also influences the rating. With five portfolio managers, the fund is well-staffed. Lastly, the rating is limited by the combined average five-year excess return of each manager, which shows that the funds they manage have lagged their respective category average.


Jay Pestrichelli, the longest-tenured manager on the strategy, boasts 16 years of listed portfolio management experience.  None of the portfolio managers here invest in this fund. This hurts the rating because manager investment would align their interests with the strategy's investors.

People

With a one-year track record in the books, YieldMax ETFs has not been able to demonstrate that it has a unique value proposition over other asset managers. Consequently, it merits a Below Average Parent rating. YieldMax ETFs currently runs 40 vehicles, with a total of $2.17 billion under management and a bench of six fund managers. Altogether, YieldMax ETFs's established management team boasts an average of 11 years of total industry experience.  Furthermore, this experienced team has stayed together, as evidenced by a high manager retention ratio. 

 The firm's average net expense ratio across its open-end and exchange-traded product shelf place the firm within the middle quintile of asset managers.  

 To upgrade the firm's rating, YieldMax ETFs will be expected to build a consistent track record of positive investor experience.

Below Average

Parent

YieldMax Magnificent 7 Fund of Option Income ETF

YMAG is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy.

YieldMax Ultra Option Income Strategy ETF

YieldMax Universe Fund of Option Income ETFs

CHICAGO and MILWAUKEE and NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced monthly distributions on the following YieldMax™ Fund of Funds and Ultra ETFs: ETF Ticker ETF Name Distribution per Share Distribution Rate 2 30-Day SEC Yield 3 Ex-Date Record Date Payment Date YMAX 1 YieldMax™ Universe Fund of Option Income ETFs $0.6318 36.47% 41.16% 4/17/2024 4/18/2024 4/19/2024 YMAG 1 YieldMax™ Magnificent 7 Fund of Option Income ETFs $0.6226 36.72% 38.38% 4/17/2024 4/18/2024 4/19/2024 ULTY 4 YieldMax™ Ultra Option Income Strategy ETF $1.4171 103.28% 0.00% 4/17/2024 4/18/2024 4/19/2024 1 YMAX and YMAG each have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs.

YieldMax™ ETFs Announces Monthly Distributions on Fund of Funds and Ultra ETFs

NVIDIA

YieldMax NVDA Option Income Strategy ETF

YieldMax NVDA Option Income Strategy ETF's option income strategy fund offers investors a thematic vehicle for high income generation, leveraging Nvidia Corporation's market movements.

NVDY: A Four-Legged Stool Of Price Appreciation, High Yield, Taxes, And Risk

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I hear about the Magnificent Seven several times a day — seven companies and eight stocks that have dominated headlines for the past few months. The Magnificent Seven comprises Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA), and Alphabet (GOOG/GOOGL).

The Magnificent Seven (Plus or Minus a Few)

CHICAGO and NEW YORK, Feb. 14, 2024 (GLOBE NEWSWIRE) -- YieldMax™ today announced monthly distributions on the following YieldMax™ Fund of Funds ETFs: ETF Ticker 1 ETF Name Distribution per Share Distribution Rate 2 30-Day SEC Yield 3 Ex-Date Record Date Payment Date YMAX YieldMax™ Universe Fund of Option Income ETFs $0.5339 31.12% - 2/15/2024 2/16/2024 2/20/2024 YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs $0.4306 25.56% - 2/15/2024 2/16/2024 2/20/2024 1  All YieldMax™ ETFs shown in the table above have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs.

YieldMax™ ETFs Announces Monthly Distributions on Fund of Funds ETFs

Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit from future growth in the "Magnificent Seven" growth and technology companies that have come to dominate U.S. market indexes and returns.

New US ETF targets 'Magnificent Seven' mega-cap technology stocks

Yieldmax Amzn Option Income ETF

YieldMax AAPL Option Income Strategy ETF

YieldMax GOOGL Option Income Strategy ETF

YieldMax MSFT Option Income Strategy ETF

On Tuesday, YieldMax debuted the YieldMax Magnificent 7 Fund of Option Income ETFs (NYSE Arca: YMAG), a fund that invests in seven other YieldMax ETFs, each of which provides options-based exposure to one of the Magnificent Seven stocks. An actively managed fund, YMAG equally weights its component ETFs, rebalancing them monthly.

YieldMax Rolls Out Magnificent Seven Fund of Funds ETF

CHICAGO, MILWAUKEE and NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the YieldMax™ Magnificent 7 Fund of Option Income ETFs (NYSE Arca: YMAG).

News for YieldMax Magnificent 7 Fund of Option Income ETF ETF (YMAG)