YieldMax™ Launches the Target 12™ Semiconductor Option Income ETF (SOXY) | The Manila Times

CHICAGO, MILWAUKEE and NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following Target 12™ ETF:

YieldMax™ Target 12™ Semiconductor Option Income ETF (NYSE Arca: SOXY)

SOXY Overview

SOXY is an actively managed ETF that seeks a target annual income level of 12% and capital appreciation via direct investments in a select portfolio of 15-30 semiconductor companies. SOXY aims to generate a target annual income level of 12% primarily by selling options contracts on some or all of its semiconductor companies.

SOXY Equity Portfolio

SOXY seeks capital appreciation via direct investments in its portfolio of semiconductor companies. To enable SOXY to effectively implement its options strategies (see below), SOXY's Sub-Adviser, ZEGA Financial, LLC ("ZEGA”), evaluates the liquidity of a potential company's common stock and the liquidity of its options contracts. ZEGA will also evaluate such company's price level and implied volatility (i.e., a measure of how much the market believes the stock price will move in the future) and will monitor these factors when determining whether to select new companies or remove existing companies from the portfolio. Any dividend paid by its semiconductor companies will contribute to SOXY's income generation.

SOXY Options Portfolio

SOXY seeks to generate a target annual income level of 12% primarily by writing (selling) options contracts on some or all of its semiconductor companies. Depending on ZEGA's outlook, it will select one or more options strategies that it believes will best provide SOXY with current income while generally also attempting to participate in a portion of the share price increases experienced by its semiconductor companies. By strategically entering and exiting options positions, ZEGA seeks to enhance SOXY's income potential and performance.

SOXY Distribution Schedule

SOXY is the newest member of the YieldMax™ ETF family and like all YieldMax™ ETFs, SOXY aims to deliver current income to investors. SOXY's first distribution is expected to be announced on January 7, 2025, and along with the other Target 12™ ETFs, will thereafter aim to announce its distributions on the first Tuesday of every month.

Why Invest in SOXY?

SOXY seeks to generate a target annual income level of 12%, which is not dependent on the value of its portfolio of semiconductor companies.
SOXY seeks to participate in some of the potential share price gains experienced by its semiconductor companies.

Please see table below for distribution and yield information for all outstanding YieldMax™ ETFs.

ETF Ticker¹	ETF Name	Reference Asset	Distribution Rate²^,4,5		30-Day SEC Yield³
TSLY	YieldMax™ TSLA Option Income Strategy ETF	TSLA	107.19	%	2.98	%
OARK	YieldMax™ Innovation Option Income Strategy ETF	ARKK	56.25	%	2.70	%
APLY	YieldMax™ AAPL Option Income Strategy ETF	AAPL	24.23	%	3.14	%
NVDY	YieldMax™ NVDA Option Income Strategy ETF	NVDA	52.50	%	3.39	%
AMZY	YieldMax™ AMZN Option Income Strategy ETF	AMZN	78.98	%	3.48	%
FBY	YieldMax™ META Option Income Strategy ETF	META	56.04	%	3.28	%
GOOY	YieldMax™ GOOGL Option Income Strategy ETF	GOOGL	25.65	%	3.36	%
NFLY	YieldMax™ NFLX Option Income Strategy ETF	NFLX	53.47	%	3.18	%
CONY	YieldMax™ COIN Option Income Strategy ETF	COIN	155.27	%	3.11	%
MSFO	YieldMax™ MSFT Option Income Strategy ETF	MSFT	34.80	%	3.43	%
DISO	YieldMax™ DIS Option Income Strategy ETF	DIS	51.42	%	2.63	%
XOMO	YieldMax™ XOM Option Income Strategy ETF	XOM	41.35	%	3.50	%
JPMO	YieldMax™ JPM Option Income Strategy ETF	JPM	24.17	%	3.27	%
AMDY	YieldMax™ AMD Option Income Strategy ETF	AMD	89.69	%	3.89	%
PYPY	YieldMax™ PYPL Option Income Strategy ETF	PYPL	40.99	%	3.29	%
SQY	YieldMax™ SQ Option Income Strategy ETF	SQ	106.53	%	2.57	%
MRNY	YieldMax™ MRNA Option Income Strategy ETF	MRNA	92.09	%	4.03	%
AIYY	YieldMax™ AI Option Income Strategy ETF	AI	116.03	%	2.72	%
YMAX	YieldMax™ Universe Fund of Option Income ETFs	Multiple	86.68	%	67.08	%
YMAG	YieldMax™ Magnificent 7 Fund of Option Income ETFs	Multiple	53.79	%	53.18	%
MSTY	YieldMax™ MSTR Option Income Strategy ETF	MSTR	169.25	%	0.00	%
ULTY	YieldMax™ Ultra Option Income Strategy ETF	Multiple	107.87	%	0.00	%
YBIT	YieldMax™ Bitcoin Option Income Strategy ETF	Bitcoin ETP	118.98	%	3.24	%
CRSH	YieldMax™ Short TSLA Option Income Strategy ETF	TSLA	65.18	%	5.14	%
GDXY	YieldMax™ Gold Miners Option Income Strategy ETF	GDX®	40.70	%	3.59	%
SNOY	YieldMax™ SNOW Option Income Strategy ETF	SNOW	109.56	%	2.59	%
ABNY	YieldMax™ ABNB Option Income Strategy ETF	ABNB	70.47	%	2.80	%
FIAT	YieldMax™ Short COIN Option Income Strategy ETF	COIN	105.38	%	5.10	%
DIPS	YieldMax™ Short NVDA Option Income Strategy ETF	NVDA	57.38	%	3.61	%
BABO	YieldMax™ BABA Option Income Strategy ETF	BABA	58.21	%	3.70	%
YQQQ	YieldMax™ Short N100 Option Income Strategy ETF	N100	24.00	%	3.58	%
TSMY	YieldMax™ TSM Option Income Strategy ETF	TSM	35.89	%	3.51	%
SMCY	YieldMax™ SMCI Option Income Strategy ETF	SMCI	83.17	%	2.81	%
PLTY	YieldMax™ PLTR Option Income Strategy ETF	PLTR	42.99	%	2.29	%
BIGY*	YieldMax™ Target 12™ Big 50 Option Income Strategy ETF	Multiple	-		-

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the "Short ETFs”.

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

^*	The inception date for BIGY is November 20, 2024.
¹	All YieldMax™ ETFs shown in the table above (*except YMAX, YMAG and ULTY*) have a gross expense ratio of 0.99%. *YMAX* and *YMAG* 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. *ULTY* has a gross expense ratio of 1.24% but the investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.
²	The Distribution Rate shown is as of close on December 2, 2024. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, *which includes option income*, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF's Distribution per Share and dividing such annualized 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. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF's NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
³	The 30-Day SEC Yield represents net investment income, *which excludes* *option* *income, earned by such ETF over the 30-Day period ended* November 30, 2024, expressed as an annual percentage rate based on such ETF's share price at the end of the 30-Day period.
⁴	Each ETF's strategy (*except those of the Short ETFs*) will cap potential gains if its reference asset's shares increase in value, yet subjects an investor to all potential losses if the reference asset's shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each *Short ETF's* strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
⁵	YieldMax™ ETF distributions may contain return of capital, but an estimate cannot be provided at this time. Please refer to the 19a-1 notices Advertisement Advertisement TRY THE MANILA TIMES PREMIUM FREE FOR 14 DAYS SUBSCRIBE NOW ALREADY A SUBSCRIBER? LOGIN HERE DOWNLOAD THE DIGITAL EDITION APP News Nation Regions World Sports Entertainment Lifestyle The Sunday Times Opinion Editorial Editorial Cartoon OP-ED Columns From our Readers Legal Advice Business Top Business Corporate News Foreign Business Sunday Business & IT Company Announcements Special Sections Special Features TMT Newswire Videos Podcasts Market Overview Weather Exam Results The Manila Times Home Delivery Subscription Subscribe to our Digital Edition The Manila Times College The Manila Times TV The Manila Times Forum The Manila Times Coffee Break The Manila Times Classifieds Twitter Youtube Facebook Instagram DailyMotion Spotify Subscribe Now Copyright © The Manila Times – All Rights Reserved. Advertise Contact Us About Us Privacy Policy Home My Library Podcasts Videos Games This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.