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YieldMax funds are usually described in one of two ways: as a yield number, or as a warning about NAV erosion. Neither explains what the funds actually hold, why the payments move, or how to check any of it against the filings.
These guides do that, one topic at a time. Each defines its terms once and links to whichever guide owns the rest, so nothing here depends on reading the others first.
How YieldMax ETFs work
The product family, the top-down mechanism behind the single-stock funds, and where each detailed guide picks up.
Read the overview →The detailed guides
How YieldMax ETFs track stocks without owning them
Calls, puts, put-call parity, collateral and rolling — and why terminal payoff equivalence is not realized fund performance.
How YieldMax distributions are determined
The sources of distributable cash, the relationship between NAV and dollars per share, ex-date mechanics and split adjustments.
YieldMax total return: why the share-price chart is incomplete
NAV, market price, price return, cash distributions and reinvested total return, and how to build a series that reconciles.
Is YieldMax return of capital bad?
Section 19(a) estimates and final tax character, separated from whether a distribution is economically supported.
How to read a YieldMax holdings file
Identify collateral, synthetic exposure, written calls, liabilities and notional exposure from the daily file and SEC schedules.
The different types of YieldMax ETFs explained
Synthetic single-stock, direct baskets, funds of funds, 0DTE index, inverse and target-distribution structures.
Every guide cites the prospectus, SEC filing or issuer page behind each claim, and dates the figures it quotes. Where a number could not be reproduced from a primary source, the guide says so rather than publishing it.
Educational information. Not investment advice.