MINY · Streamfolio

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ARCX · Active · options-income

MINY

YieldMax Strategic Metals & Mining Portfolio Option Income ETF

Tidal Investments LLC

Verdict

AVOID

Weighted score · 2.40 / 5

AUM

—

assets under mgmt

Avg Volume

shares · daily

Distribution

9.7%

Weekly · 78% ROC

Expense Ratio

1.01%

1.01% gross

1Y Return

—

vs underlying

Sharpe

-0.87

Max DD -19.2%

Fund Identity

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

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

MINY is an actively managed ETF that constructs a portfolio of 15-50 U.S.-listed equity securities of Strategic Metals & Mining Companies (covering precious metals, base metals, rare earth/critical minerals, processing/refining, and nuclear/uranium sectors) and generates income through an options portfolio on those securities and/or Strategic Metals & Mining ETFs. The primary options strategy is covered call spreads (selling a call while buying a higher-strike call) to earn net premiums on a weekly-to-monthly basis. The Fund also holds a minor allocation (up to 10%) in cash, money market funds, or U.S. Treasuries as collateral and for additional income.

Ticker

MINY

Issuer

Tidal Investments LLC

Exchange

ARCX

Inception

2026-02-27 · 0.3 yrs

Mgmt style

Active

Replication

Physical (direct equity holdings) combined with Derivatives (options/futures on individual stocks and sector 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

generates income

Underlying

Individual Strategic Metals & Mining Company stocks and Strategic Metals & Mining ETFs

income exposure

WEEKLY

9.7%

DIST. RATE

78% ROC
Ordinary Income

Underlying

Individual Strategic Metals & Mining Company stocks and Strategic Metals & Mining 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

Tax

Ordinary Income

The Fund primarily employs covered call spreads on some or all underlying securities, receiving premiums from counterparties on a periodic basis (generally weekly to monthly). Premiums are a key driver of distributions, though receipt of a premium does not always represent income depending on the overall transaction outcome. The Fund may also use options synthetically to gain indirect long exposure to underlying securities for tactical or regulatory reasons.

Performance & NAV

Total return vs. the underlying, with drawdown context.

NAV HISTORY · FEB '26 – JUN '26

FEB '26JUN '26

Max DD

-19.2%

Volatility

36.9%

Sharpe

-0.87

Sortino

-1.14

Calmar

—

Beta

—

Flat-NAV reinvestment hurdle

225.5%

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

8.0%

Distribution & Tax

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

Composition · Recent Distribution

78%

ROC

Return of Capital — destructive78%

Net Investment Income22%

Frequency

Weekly

Dist. rate

9.68%

ROC %

78%

30-day SEC

not reported

Consistency

2 w/o cut

YOC · 1yr-ago buyer

8.0%

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

78% 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 78.3% of distributions (dollar-weighted across 14 distributions payable 3/19/26–6/18/26). Most recent distribution (6/18/26): 99.7% ROC. Single-week ROC is volatile for option-income funds; the dollar-weighted quarter is the steadier read.

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

10.3 yr

Dist. Since Incep.

$4.0

Holdings & Concentration

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

Sector Mix · Tilt vs S&P 500

No sector feed for this fund.

Holdings

Top-10 Wt.

—

Technical Signal & Liquidity

Moving-average posture and a read on tradability.

Price vs. Moving Averages

No moving-average series.

Price $41.28

50-DMA $—

200-DMA $—

Liquidity

Avg daily volume

Avg dollar volume

$274,188

Bid/ask spread

0.46%

Premium/discount

+0.35%

Turnover

—

Estimated bid/ask spread ~0.36% (moderate). Average daily dollar volume ~$0.3M (thin). 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

Source: shares×price (Massive, monthly).

AUM ($)

—

$6M$5M$3M

MAR '26JUN '26

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

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