# SMCY (YieldMax(R) SMCI Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 18, 2026

Over the year to Sep 18, 2026, SMCY paid 46.8% in cash and still finished 3.9 points behind SMCI.

## Key facts

- SMCY, cash paid, 1 year, on its starting price: 46.8%, as of Sep 18, 2026.
- SMCY, total return, 1 year: −18.9%, as of Sep 18, 2026.
- SMCY, against SMCI: −3.9 pts, as of Sep 18, 2026.
- SMCY, return of capital, latest payout (YieldMax estimate): 96.9%, as of Sep 18, 2026.
- SMCY, net assets: $143m (issuer page, as of Sep 18, 2026).
- SMCY, expense ratio: 1.01% (485BPOS XBRL, Feb 24, 2026).

## SMCY over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | SMCI | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 19.9% | +1.3% | +24.8% | +27.5% | −2.7 pts |
| 6 months | 47.8% | +5.6% | +61.7% | +90.4% | −28.7 pts |
| 1 year | 46.8% | −66.5% | −18.9% | −14.9% | −3.9 pts |
| Since launch | 63.9% | −89.5% | −32.4% | −11.6% | −20.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | Super Micro (SMCI) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $143m | issuer page, as of Sep 18, 2026 |
| Latest payout, annualized | 65.6% | ETFIQ |
| Expense ratio | 1.01% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 139.7% | ETFIQ |
| Launched | Sep 12, 2024 | ETFIQ |
| Return of capital, latest distribution | 96.9% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.0669 ex Sep 17, 2026 | ETFIQ |
| Sum of the last 12 distributions | $0.9696 | ETFIQ |

## Questions

### How much has SMCY paid over the last year?

Over the year to Sep 18, 2026, SMCY paid 46.8% of its starting price in cash distributions, while the price fell 66.5%.

### Is SMCY ahead of SMCI?

Over the year to Sep 18, 2026, with every distribution reinvested, SMCY returned −18.9% against −14.9% for Super Micro (SMCI), so a holder was behind it by 3.9 points.

### How often does SMCY pay, and how much?

SMCY pays weekly. The latest distribution annualizes to 65.6% at its price on Sep 18, 2026, which is not a promise; the next one can differ.

### Is the SMCY distribution return of capital?

YieldMax estimates 97% 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.

### When does SMCY next pay a distribution?

SMCY pays weekly. The last distribution went ex on Sep 17, 2026 at $0.0669 a share. The issuer has set the next ex-date at Sep 24, 2026 but not the amount.

### What does SMCY cost?

The prospectus expense ratio is 1.01% a year.


## Cite this page

ETFIQ, SMCY, data as of Sep 18, 2026. https://etfiq.com/funds/smcy
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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