{
 "ticker": "CHPY",
 "name": "YieldMax(R) Semiconductor Portfolio Option Income ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/chpy",
 "html": "https://etfiq.com/funds/chpy",
 "markdown": "https://etfiq.com/funds/chpy.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, CHPY paid 49.3% in cash and finished 2.3 points ahead of SMH.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "49.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "CHPY, cash paid, 1 year, on its starting price: 49.3%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+83.7%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "CHPY, total return, 1 year: +83.7%, as of Sep 18, 2026."
  },
  {
   "key": "against_smh",
   "label": "Against SMH",
   "value": "+2.3 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "CHPY, against SMH: +2.3 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "100.0%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-18",
   "sentence": "CHPY, return of capital, latest payout (YieldMax estimate): 100.0%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.2bn",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "CHPY, net assets: $1.2bn (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Nov 21, 2025",
   "as_of": "2026-09-18",
   "sentence": "CHPY, expense ratio: 1.03% (485BPOS XBRL, Nov 21, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Semiconductors (SMH)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.2bn",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "57.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Nov 21, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "40.9%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 3, 2025",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "100.0%",
   "source": "YieldMax 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.7373 ex Sep 16, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$6.9082",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "8.8%",
   "Price": "\u221223.9%",
   "Total return": "\u221215.2%",
   "SMH": "\u221213.2%",
   "Ahead or behind": "\u22122.0 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "27.5%",
   "Price": "+19.7%",
   "Total return": "+48.5%",
   "SMH": "+48.9%",
   "Ahead or behind": "\u22120.5 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "49.3%",
   "Price": "+20.6%",
   "Total return": "+83.7%",
   "SMH": "+81.3%",
   "Ahead or behind": "+2.3 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "79.7%",
   "Price": "+46.0%",
   "Total return": "+164.7%",
   "SMH": "+193.9%",
   "Ahead or behind": "\u221229.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has CHPY paid over the last year?",
   "a": "Over the year to Sep 18, 2026, CHPY paid 49.3% of its starting price in cash distributions, while the price rose 20.6%."
  },
  {
   "q": "Is CHPY ahead of SMH?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, CHPY returned +83.7% against +81.3% for Semiconductors (SMH), so a holder was ahead of it by 2.3 points."
  },
  {
   "q": "How often does CHPY pay, and how much?",
   "a": "CHPY pays weekly. The latest distribution annualizes to 57.5% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the CHPY distribution return of capital?",
   "a": "YieldMax estimates 100% of the distribution paid Sep 17, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "When does CHPY next pay a distribution?",
   "a": "CHPY pays weekly. The last distribution went ex on Sep 16, 2026 at $0.7373 a share. The issuer has set the next ex-date at Sep 23, 2026 but not the amount."
  },
  {
   "q": "What does CHPY cost?",
   "a": "The prospectus expense ratio is 1.03% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}