{
 "ticker": "FBY",
 "name": "YieldMax(R) META Option Income Strategy ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/fby",
 "html": "https://etfiq.com/funds/fby",
 "markdown": "https://etfiq.com/funds/fby.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, FBY paid 28.0% in cash and still finished 2.7 points behind META.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "28.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "FBY, cash paid, 1 year, on its starting price: 28.0%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221217.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "FBY, total return, 1 year: \u221217.1%, as of Sep 18, 2026."
  },
  {
   "key": "against_meta",
   "label": "Against META",
   "value": "\u22122.7 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "FBY, against META: \u22122.7 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "95.0%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-18",
   "sentence": "FBY, return of capital, latest payout (YieldMax estimate): 95.0%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$115m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "FBY, net assets: $115m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.06%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-18",
   "sentence": "FBY, expense ratio: 1.06% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "(META)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$115m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "40.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.06%",
   "source": "485BPOS XBRL, Feb 24, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "50.8%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 28, 2023",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "95.0%",
   "source": "YieldMax 19a-1 estimate"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "10.0%",
   "Price": "\u22122.2%",
   "Total return": "+8.5%",
   "META": "+15.3%",
   "Ahead or behind": "\u22126.9 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "18.7%",
   "Price": "\u221215.5%",
   "Total return": "+4.1%",
   "META": "+12.2%",
   "Ahead or behind": "\u22128.2 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "28.0%",
   "Price": "\u221244.9%",
   "Total return": "\u221217.1%",
   "META": "\u221214.4%",
   "Ahead or behind": "\u22122.7 pts"
  },
  {
   "window": "3 years",
   "Cash paid": "110.8%",
   "Price": "\u221254.0%",
   "Total return": "+68.1%",
   "META": "+120.1%",
   "Ahead or behind": "\u221252.0 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "107.0%",
   "Price": "\u221256.1%",
   "Total return": "+62.6%",
   "META": "+106.3%",
   "Ahead or behind": "\u221243.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has FBY paid over the last year?",
   "a": "Over the year to Sep 18, 2026, FBY paid 28.0% of its starting price in cash distributions, while the price fell 44.9%."
  },
  {
   "q": "Is FBY ahead of META?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, FBY returned \u221217.1% against \u221214.4% for (META), so a holder was behind it by 2.7 points."
  },
  {
   "q": "How often does FBY pay, and how much?",
   "a": "FBY pays weekly. The latest distribution annualizes to 40.9% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the FBY distribution return of capital?",
   "a": "YieldMax estimates 95% of the distribution paid Sep 18, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "What does FBY cost?",
   "a": "The prospectus expense ratio is 1.06% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}