Options for your income®
Distribution Rate* : 23.56%
Investment Manager
Source: Bloomberg / HANetf. Data As of 08.10.2026.*PLEASE NOTE: The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return.
YieldMax® Big Tech Option Income UCITS ETF (YMAG) is an actively managed ETF that seeks current income and capital appreciation via direct investments in a select portfolio of technology and technology related companies. YMAG aims to distribute such income on a monthly basis.
Explore how YieldMax ETFs aim to provide enhanced income potential through an options-based strategy. It outlines how these ETFs aim to generate monthly income through covered call strategies on well-known U.S. stocks.
Key Risks
When you invest in ETFs your capital is fully at risk and may not get back the amount originally invested. Exchange rates can have a positive or negative effect on returns. The value of equities and equity-related securities can be affected by daily stock and currency market movements.
Total dividends paid each month for the fund.
YieldMax® UCITS ETFs are actively managed where each fund seeks to generate monthly income from a diversified portfolio of covered call strategies. The covered call strategy is a widely used income strategy that relies on the sale of options to harvest income from the volatility of a stock, including those that offer small or no dividends of their own.
YieldMax® UCITS ETFs aim to generate monthly income from the sale of US-listed call options on US-listed stocks. The funds also seek to capture capital growth through exposure to the share price returns of these same stocks.
Source: HANetf, data as of 31.08.2026. Performance of the fund is shown in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs your capital is at risk.
No. of holdings: 50
Covered call ETFs hold a portfolio of stocks, or other asset classes, either actively selected or from an index, and sell call options on those holdings or the index itself. The option premiums are then distributed to investors as income, typically on a monthly basis.
These ETFs aim to provide enhanced income, especially in flat or moderately bullish markets, although they may underperform in strongly rising markets as potential upside is capped by the sold calls. Some covered call ETFs mitigate this by writing calls on only a portion of the ETF’s holdings, with the remaining stocks being used to capture growth.
Covered call ETFs generally pay distributions on a monthly basis, but can be other time frames including weekly or daily, funded from the option premiums collected from writing calls – or dividends from the underlying equities.
The distribution per share is the amount of income paid out by the ETF for each share owned, typically quoted monthly or quarterly.
For example, if an ETF pays $0.50 per share in a given month, and you own 1,000 shares, the calculation would be as follows:
$0.50 ×1000=$500
So, the distribution received by the investor would be $500.
The annual distribution rate is calculated by taking the most recently declared distribution per share, and calculating this by 12 and then dividing the resulting amount by the ETF’s most recent NAV.
For example, if the most recent distribution per share was $1.00, and the most recent NAV was $50.00, the calculation would be as follows:
($1.00 ×12)/$50.00 = 0.24 = 24%
The resulting figure (24%) reflects the yield an investor might expect to receive on an annual basis if current distribution levels continue.
It is important to note that the annual distribution rate is a projected value based on a single distribution and the most recent NAV. This is in no way a guarantee that investors will receive that distribution rate annually, and the actual annual distribution rate may differ from the projected value.
Remember that past performance is not indicative of future performance and when you invest in ETFs your capital is at risk.
The announcement date is the day the ETF provider declares the amount, and schedule, of the upcoming distribution. It signals to the market how much will be paid and when.
The ex-date (or ex-dividend date) is the date by which you must own the ETF before, to be eligible for the next distribution.
This means that if investors buy shares on or after the ex-date, they will not receive the upcoming distribution.
The record date is the date that the ETF provider determines who is eligible to receive the distribution. Only shareholders listed as of the record date will receive the payout.
The payment date is when the distribution is actually paid out to investors – either by direct deposit or credited to their brokerage accounts.
Distributions are generally paid in the base currency of the ETP, which may not match the listing currency of the share class you hold. Whether you receive the payment in the original currency or your local currency depends on your broker’s specific conversion processes and FX arrangements.
If you have received a distribution in an unexpected currency, please contact your broker in the first instance. You can also reach out to us at info@hanetf.com, and we will be pleased to help review the matter or assist in escalating it with your broker.
YieldMax™ has a focused expertise in actively managed income strategies, especially those involving covered calls on leading companies. The team brings deep knowledge of options markets and portfolio construction, aiming to deliver attractive income without sacrificing discipline or transparency.
Read our extensive list of FAQs on active management by clicking the button below.
Big tech option income refers to an investment approach that combines exposure to large technology-related companies with an options strategy designed to generate income. The strategy typically holds shares or equity exposure linked to technology companies and sells call options on those holdings or related stocks. The premiums received from selling options may then support regular distributions. Investors researching this area should understand that the income is linked to option premiums, equity market volatility and the performance of the underlying companies, rather than being the same as a traditional dividend strategy.
A covered-call strategy involves holding an equity position while selling call options on that same position or a related underlying security. The option seller receives a premium upfront, which can be used to generate income. In return, some of the potential upside may be limited if the underlying share price rises above the option’s strike price. This means the strategy can be useful for harvesting volatility, but it may lag direct equity exposure in strongly rising markets. Investors should consider both the income potential and the trade-off in upside participation.
Technology stocks are often used because many large technology companies have high trading volumes, active options markets and meaningful share-price volatility. Higher volatility can increase option premiums, although it can also increase the risk of capital losses in the underlying equities. Many technology companies also pay low or no dividends, so an options-based approach may be used to generate income from shares that would otherwise provide limited cash distributions. However, investors should remember that option income is not guaranteed and does not remove equity market risk.
Distributions are generally generated from option premiums and, where relevant, dividends from the underlying shares. When call options are sold, the strategy receives a premium, which may contribute to cash distributions. However, distributions can vary over time depending on market volatility, option pricing, portfolio changes and underlying share performance. A high distribution rate should not be viewed as a guaranteed return, because part of the return profile may involve reduced upside participation or potential declines in the value of the underlying equity exposure.
Option income comes from selling options, while dividend income comes from company profits distributed to shareholders. Dividends depend on a company’s board decisions, profitability and capital allocation policy. Option income depends on market factors such as volatility, option pricing, strike selection and time to expiry. This means option income can sometimes be generated from companies that pay little or no dividend, but it may be more variable and can involve a trade-off against capital growth. Investors should look at total return, not only the level of distributions.
Covered-call strategies can be more effective in flat, moderately rising or moderately volatile markets where option premiums are meaningful and equity upside is not too strong. In a sharply rising market, the strategy may underperform direct equity exposure because the sold call options can cap part of the upside. In a falling market, option premiums may help offset some losses, but they do not fully protect against declines in the underlying shares. This makes market environment an important consideration when assessing option-income exposure.
Examples of companies currently relevant to this type of exposure include Advanced Micro Devices, IBM, ServiceNow, Apple, Taiwan Semiconductor Manufacturing, Texas Instruments, Tesla, Cisco Systems, Alphabet and Palantir. These companies span areas such as semiconductors, software, cloud infrastructure, electric vehicles, digital platforms, networking and AI-related technologies. Investors should treat these as examples of underlying exposure rather than stock recommendations. The companies included and their weights can change over time, so investors should review the latest holdings and methodology before making any decision.
Disclaimer: These FAQs have been generated with the assistance of AI and may contain errors or omissions. They are provided for general information only and do not constitute investment advice, a recommendation, or an invitation to buy or sell any investment.
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - September 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - October 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - August 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - April 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - May 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - June 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential - July 2026
YieldMax® discloses latest distribution rates for its European products highlighting the covered call strategy’s income potential
YieldMax™ discloses YMAG’s latest distribution rate (23.74%) highlighting the covered call strategy’s income potential
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YieldMax® ETFs is a leader in options-based income ETFs in the United States, with a suite of over 40 ETFs that have accrued over USD 9 billion in assets under management. YieldMax® ETFs cover a broad range of underlying assets and option-based income strategies. The YieldMax® ETFs trading and portfolio management team, in parternship with Tidal Investments, has 18 professionals possessing decades of option trading expertise.
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