ARCX · Active · options-income

YieldMax Magnificent 7 Fund of Option Income ETFs

Tidal Investments LLC

Weighted score · 3.70 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Weekly · 62% ROC

Expense Ratio

1.12% gross

1Y Return

vs underlying

Sharpe

Max DD -26.0%

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

YMAG is an actively managed fund-of-funds ETF that invests primarily in seven Underlying YieldMax ETFs corresponding to the 'Magnificent 7' stocks (Apple, Amazon, Alphabet, Meta, Microsoft, NVIDIA, Tesla). Each Underlying YieldMax ETF employs a synthetic covered call strategy and a covered call spread strategy to generate income from option premiums while providing indirect exposure to its respective Underlying Security's share price, subject to a cap on potential gains. The Fund's portfolio is equally weighted across the seven Underlying YieldMax ETFs and rebalanced monthly. The Fund may also invest directly in the synthetic covered call strategy instruments for tax loss harvesting purposes.

Each Underlying YieldMax ETF implements a synthetic covered call strategy by purchasing and selling call and put options on its respective Underlying Security without directly owning the security. The Underlying YieldMax ETFs may also employ a covered call spread strategy, selling a call option while simultaneously buying a higher-strike call to reduce downside risk from sharp price rises. U.S. Treasuries are held as collateral for the options positions and also generate income.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

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.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

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 61.6% of distributions (dollar-weighted across 14 distributions payable 3/19/26–6/18/26). Most recent distribution (6/18/26): 26.0% ROC. Single-week ROC is volatile for option-income funds; the dollar-weighted quarter is the steadier read.

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $11.76 is above the 200-day SMA ($11.58); 50-day SMA $12.04. 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

Estimated bid/ask spread ~0.18% (moderate). Average daily dollar volume ~$15.5M (liquid). 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.

AUM ($)