SMCY

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund designed to provide economic exposure to shares of Super Micro Computer, Inc. (SMCI) combined with a systematic income-generating options strategy. The ETF is managed by YieldMax Advisors and trades under the ticker SMCY on NYSE Arca.

Classified as a U.S.-focused equity ETF employing an active options-based strategy, SMCY seeks to generate distributable income, before fees and expenses, through a systematic strategy linked to SMCI shares.

The fund primarily implements a covered call strategy and may use derivative instruments and supporting assets to structure its economic exposure to the underlying stock. The methodology aims to capture option premiums while maintaining exposure to share price behavior within the strategy’s parameters.

SMCY does not replicate a traditional benchmark index. Its structure is economically linked to shares of Super Micro Computer, Inc., combined with a systematic options strategy.

Diversification and sector exposure

SMCY provides concentrated exposure to a single company, Super Micro Computer, Inc., which operates in the technology sector, with a focus on server infrastructure, high-performance computing, and data center solutions.

Associated segments include:

• High-performance computing equipment.

• Enterprise technology solutions.

• Server and data center infrastructure.

The structure prioritizes income generation through options rather than broad sector diversification.

Structure and costs

SMCY 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. Its distribution policy may include periodic payments derived from the options-based income strategy.

History and evolution of the ETF

The YieldMax SMCI Option Income Strategy ETF was launched in 2024, during a period of expansion in single-stock options-based ETFs focused on income generation. Since inception, the fund has been used by investors seeking to capture option premiums associated with volatility in Super Micro Computer shares.

Over time, SMCY has reflected both movements in SMCI stock and conditions in the options market, while maintaining systematic implementation of its covered call strategy.

Additional Information

YieldMax SMCI Option Income Strategy ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $130.33 M.

Over the past 12 months, YieldMax SMCI Option Income Strategy ETF recorded a return of 5.05%, with its price trading between $5.02 and $23.52 during the same period.

The ETF is traded under the ticker SMCY.