GPTY · Streamfolio

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ARCX · Active · options-income

GPTY

YieldMax AI & Tech Portfolio Option Income ETF

Tidal Investments LLC

Verdict

WATCH

Weighted score · 3.80 / 5

AUM

$84M

assets under mgmt

Avg Volume

62K

shares · daily

Distribution

33.5%

Weekly · 58% ROC

Expense Ratio

1.06%

1.06% gross

1Y Return

—

vs underlying

Sharpe

1.08

Max DD -26.6%

Fund Identity

What it is, who runs it, where it lives.

The Fund's primary investment objective is to seek current income.

GPTY is an actively managed ETF that constructs a portfolio of 15-30 U.S.-listed equity securities of AI and Technology Companies while simultaneously employing options strategies (primarily covered call spreads) on those securities and/or AI and Technology ETFs to generate premium income. The Fund also maintains a minor allocation (up to 10%) in cash or short-term U.S. Treasuries to serve as collateral for the options strategies. Distributions may include a significant portion classified as return of capital. The Adviser selects holdings based on liquidity, implied volatility, and price levels, and may adjust options strategies based on market conditions.

Ticker

GPTY

Issuer

Tidal Investments LLC

Exchange

ARCX

Inception

2025-01-23 · 1.4 yrs

Mgmt style

Active

Replication

Physical (direct equity holdings) plus Derivatives (options on individual stocks and AI/Tech ETFs)

Index-based

—

Leverage

None

Strategy & Options Mechanics

How the portfolio is built and where the income comes from.

PORTFOLIO

Hybrid

actively managed

OPTIONS OVERLAY

Strategy

Covered call spreads (selling a call option while buying another at a higher strike); may also use other options strategies to generate net premiums on a weekly basis

generates income

Underlying

Individual AI and Technology Company stocks (Underlying Securities) and/or AI and Technology ETFs

income exposure

WEEKLY

33.5%

DIST. RATE

58% ROC
Ordinary Income

Underlying

Individual AI and Technology Company stocks (Underlying Securities) and/or AI and Technology ETFs

Strategy

Covered call spreads (selling a call option while buying another at a higher strike); may also use other options strategies to generate net premiums on a weekly basis

Tax

Ordinary Income

The Fund primarily uses covered call spreads on some or all of its equity holdings to generate weekly premium income, with both profit and loss capped. If underlying options are insufficiently liquid or too costly, the Fund may use options on AI and Technology ETFs instead. Premiums received are a key driver of distributions, which may include significant return-of-capital components.

Performance & NAV

Total return vs. the underlying, with drawdown context.

NAV HISTORY · JUN '25 – JUN '26

JUN '25JUN '26

Max DD

-26.6%

Volatility

29.7%

Sharpe

1.08

Sortino

1.59

Calmar

1.73

Beta

—

Flat-NAV reinvestment hurdle

12.5%

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

1Y vs Underlying

—

Tracking err.

—

Yield on cost

31.7%

Distribution & Tax

Where the yield comes from — and how it’s taxed.

Composition · Recent Distribution

58%

ROC

Return of Capital — mixed58%

Net Investment Income42%

Frequency

Weekly

Dist. rate

33.51%

ROC %

58%

30-day SEC

not reported

Consistency

2 w/o cut

YOC · 1yr-ago buyer

33.9%

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

58% Return of Capital

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Trailing-quarter return of capital averaged 57.6% of distributions (dollar-weighted across 14 distributions payable 3/19/26–6/18/26). Most recent distribution (6/18/26): 0.0% ROC. Single-week ROC is volatile for option-income funds; the dollar-weighted quarter is the steadier read.

Distribution & Return of Capital

Per-month payout split and the running return-of-capital share · last 3 months.

DIST ($/sh)ROC %

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth & Schedule

Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.

Distribution Growth by Lookback Period

Latest Distribution Schedule

Record date

2026-06-17

Ex-dividend

2026-06-17

Pay date

—

Payback Period

3.0 yr

Dist. Since Incep.

$21.6

Holdings & Concentration

Position sizing, top-name weights, and concentration risk.

Sector Mix · Tilt vs S&P 500

No sector feed for this fund.

Holdings

109

Top-10 Wt.

—

Technical Signal & Liquidity

Moving-average posture and a read on tradability.

Price vs. Moving Averages

$48.8$42.9$37.1$31.2

NOV '25JUN '26

Price $47.38

50-DMA $42.92

200-DMA $37.33

Bullish — 50-DMA above 200-DMA

Price $47.38 is above the 200-day SMA ($37.33); 50-day SMA $42.92. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Avg daily volume

62K

Avg dollar volume

$2,641,220

Bid/ask spread

0.26%

Premium/discount

+0.21%

Turnover

67%

Estimated bid/ask spread ~0.36% (moderate). Average daily dollar volume ~$2.6M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

Assets Under Management

Trend: Falling. Source: shares×price (Massive, monthly).

AUM ($)

$84M

$126M$70M$14M

JAN '25JUN '26

SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.

GPTY · 2026-06-21
Prepared by denvereyon
Research aid, not investment advice.