{
 "ticker": "TSMY",
 "name": "YieldMax(R) TSM Option Income Strategy ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/tsmy",
 "html": "https://etfiq.com/funds/tsmy",
 "markdown": "https://etfiq.com/funds/tsmy.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, TSMY paid 50.0% in cash and still finished 10.3 points behind TSM.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "50.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "TSMY, cash paid, 1 year, on its starting price: 50.0%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+53.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "TSMY, total return, 1 year: +53.1%, as of Sep 18, 2026."
  },
  {
   "key": "against_tsm",
   "label": "Against TSM",
   "value": "\u221210.3 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "TSMY, against TSM: \u221210.3 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "89.3%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-18",
   "sentence": "TSMY, return of capital, latest payout (YieldMax estimate): 89.3%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$112m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "TSMY, net assets: $112m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-18",
   "sentence": "TSMY, expense ratio: 1.01% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "TSMC (TSM)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$112m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "29.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "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": "54.4%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 21, 2024",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "89.3%",
   "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": "$0.0859 ex Sep 17, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$1.5098",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "9.8%",
   "Price": "\u221213.6%",
   "Total return": "\u22123.6%",
   "TSM": "\u22125.7%",
   "Ahead or behind": "+2.1 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "25.6%",
   "Price": "+2.4%",
   "Total return": "+29.6%",
   "TSM": "+32.7%",
   "Ahead or behind": "\u22123.0 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "50.0%",
   "Price": "\u22128.1%",
   "Total return": "+53.1%",
   "TSM": "+63.5%",
   "Ahead or behind": "\u221210.3 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "84.6%",
   "Price": "\u221223.9%",
   "Total return": "+110.0%",
   "TSM": "+160.7%",
   "Ahead or behind": "\u221250.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has TSMY paid over the last year?",
   "a": "Over the year to Sep 18, 2026, TSMY paid 50.0% of its starting price in cash distributions, while the price fell 8.1%."
  },
  {
   "q": "Is TSMY ahead of TSM?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, TSMY returned +53.1% against +63.5% for TSMC (TSM), so a holder was behind it by 10.3 points."
  },
  {
   "q": "How often does TSMY pay, and how much?",
   "a": "TSMY pays weekly. The latest distribution annualizes to 29.3% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the TSMY distribution return of capital?",
   "a": "YieldMax estimates 89% 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": "When does TSMY next pay a distribution?",
   "a": "TSMY pays weekly. The last distribution went ex on Sep 17, 2026 at $0.0859 a share. The issuer has set the next ex-date at Sep 22, 2026 but not the amount."
  },
  {
   "q": "What does TSMY cost?",
   "a": "The prospectus expense ratio is 1.01% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}