YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY)

The YieldMax S&P 500 0DTE Covered Call Strategy ETF is an actively managed exchange-traded fund in the YieldMax family, which specializes in option-income strategies. Its main objective is to generate current income, with a secondary goal of exposure to the price return of the S&P 500 Index.

The fund maintains exposure to the S&P 500 and sells call options that expire on the same day they are written, known as zero-days-to-expiration or 0DTE options, collecting premiums on a frequent basis. Because these calls cap the portfolio's participation in sharp short-term rallies, the fund's total return can differ meaningfully from the index itself. Like other YieldMax products, it is structured to make regular distributions.