{
 "ticker": "YRAM",
 "name": "YieldMax Memory and Storage Portfolio Option Income ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/yram",
 "html": "https://etfiq.com/funds/yram",
 "markdown": "https://etfiq.com/funds/yram.md",
 "as_of": "2026-09-18",
 "verdict": "Since its launch on Aug 25, 2026, YRAM paid 1.6% in cash and finished 3.0 points ahead of SMH.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "1.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "YRAM, cash paid, since launch, on its starting price: 1.6%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+6.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "YRAM, total return, since launch: +6.1%, as of Sep 18, 2026."
  },
  {
   "key": "against_smh",
   "label": "Against SMH",
   "value": "+3.0 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "YRAM, against SMH: +3.0 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "97.3%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-18",
   "sentence": "YRAM, return of capital, latest payout (YieldMax estimate): 97.3%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "YRAM, net assets: $5m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "YRAM, expense ratio: not read by ETFIQ, as of Sep 18, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Semiconductors (SMH), used as the proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "not established",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "8.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "1.5%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 25, 2026",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "97.3%",
   "source": "YieldMax 19a-1 estimate"
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Cash paid": "1.6%",
   "Price": "+4.5%",
   "Total return": "+6.1%",
   "SMH": "+3.1%",
   "Ahead or behind": "+3.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has YRAM paid over the last year?",
   "a": "Over the period from its launch on Aug 25, 2026 to Sep 18, 2026, YRAM paid 1.6% of its starting price in cash distributions, while the price rose 4.5%."
  },
  {
   "q": "Is YRAM ahead of SMH?",
   "a": "Over the period from its launch on Aug 25, 2026 to Sep 18, 2026, with every distribution reinvested, YRAM returned +6.1% against +3.1% for Semiconductors (SMH), used as the proxy, so a holder was ahead of it by 3.0 points."
  },
  {
   "q": "How often does YRAM pay, and how much?",
   "a": "YRAM pays on no established schedule. The latest distribution annualizes to 8.8% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the YRAM distribution return of capital?",
   "a": "YieldMax estimates 97% 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."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}