AIYY

The YieldMax AI Option Income Strategy ETF (AIYY) is an exchange-traded fund designed to generate income through options strategies linked to shares of C3.ai Inc. (ticker AI), a U.S. software and artificial intelligence company. The ETF is managed by YieldMax ETFs and trades under the ticker AIYY on NYSE Arca.

Classified as an equity ETF employing an active income strategy based on options tied to a single U.S. stock, AIYY seeks to generate distributable income, before fees and expenses, using derivatives and options strategies related to C3.ai (AI) shares.

The fund does not replicate a traditional benchmark index. Its methodology uses covered call writing, financial derivatives, and synthetic exposure structures linked to C3.ai shares, seeking to capture option premiums and generate income associated with the underlying asset’s performance.

The strategy may limit part of the upside participation during periods of strong share-price appreciation.

Diversification and sector exposure

AIYY provides concentrated exposure to a single underlying asset and segments associated with C3.ai’s operations, including:

• Enterprise software
• Artificial intelligence
• Cloud computing
• Information technology
• Derivatives and options strategies

This structure does not seek broad sector diversification, but rather income generation through a concentrated strategy tied to C3.ai shares.

Structure and costs

AIYY shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. AIYY may distribute income generated primarily from option premium strategies.

History and evolution of the ETF

The YieldMax AI Option Income Strategy ETF was launched in 2024, during a period of expansion in single-stock ETFs based on options strategies and rising investor interest in companies associated with the artificial intelligence sector.

Since inception, the fund has reflected fluctuations in C3.ai shares, movements in the technology and artificial intelligence sectors, and volatility associated with options strategies tied to individual stocks.

In recent years, AIYY has reflected changes in macroeconomic conditions, volatility in the U.S. equity market, and growing interest in derivatives-based income strategies tied to the technology sector.

Additional Information

YieldMax AI Option Income Strategy ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $28.94 million.

Over the past 12 months, YieldMax AI Option Income Strategy ETF recorded a return of -54.16%, with its price trading between $0.19 and $20.56 during the same period.

The ETF is traded under the ticker AIYY.