YieldMax Target 12 Big 50 Option Income ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About BIGY
TheFund is an actively managed exchange-traded fund (“ETF”) that seeks (i) to generate cash distributions based on atargeted annual cash distribution level of 12% (the “Annual 12% Target”), and (ii) capital appreciation. The Fund’sstrategy involves: (1) constructing a portfolio of equity securities of the Big 50 Companies (each, an “Underlying Security”)(the “Equity Strategy”) and (2) the use of options strategies designed to generate premiums (the “Options Strategies”),which involve using options contracts on Underlying Securities. Additionally, the Fund will maintain a minor allocation to cash,money market funds or U.S. Treasuries, not exceeding ten percent of its total assets. EquityStrategy TheAdviser selects the Big 50 Companies for the Fund’s investments. Each Big 50 Company must be domiciled or headquarteredin the United States and, in the Adviser’s opinion, have sufficient liquidity in its options contracts to effectively implementits Options Strategies. The Adviser evaluates both the market capitalization of potential companies and the liquidity of theiroptions contracts. The Fund’s portfolio generally weights the equity securities of the Big 50 Companies based on marketcapitalization, with adjustments made to ensure the largest companies don't represent outsized exposures for the Fund. The Adviserwill also evaluate price level and implied volatility (i.e., a measure of how much the market believes the price of a stock orother underlying asset will move in the future) when selecting companies for investment and will monitor for these factors whendetermining whether to select new companies or remove existing companies from the portfolio. TheFund’s portfolio will generally be comprised of fifty companies. As noted above, the Adviser may exclude U.S. companiesthat meet the market capitalization criteria if their options contracts lack sufficient liquidity. Dividends,if any, paid by the Fund’s portfolio holdings will contribute to the Fund’s income generation. Due to market movements,a company that qualifies as a Big 50 Company at the time of purchase may subsequently cease to qualify. The Fund’s portfoliowill typically be rebalanced quarterly to maintain exposure to the current set of Big 50 Companies. TheFund will, under normal circumstances, invest in Underlying Securities directly. However, from time to time, the Fund may investin Underlying Securities “synthetically” for tactical reasons or to comply with regulatory requirements. To investsynthetically, the Fund will use options contracts on Underlying Securities (considered indirect or synthetic long holdings ofthe Underlying Securities) to gain exposure to the share price performance of the Underlying Securities. OptionsStrategies – Seeking Premiums Separately,the Fund employs various options strategies focused on generating premiums. Generally speaking, the Fund sells (writes) optionson some or all of the Underlying Securities, receiving premiums from counterparties that pay for the right to buy or sell at aset price. These premiums are an important driver of the Fund’s distributions. On a monthly basis, the Adviser uses oneor more options strategies to seek to generate net premiums (i.e., option premiums received, less option premiums paid) with atarget of approximately 1% per month. Actual results may vary and are not guaranteed. Receipt of an option premiumdoes not always represent income; depending on the outcome of the overall options transaction. Premiumlevels are influenced by market conditions, particularly volatility, and the Adviser may adjust the Fund’s options strategiesdepending on the outlook for the Underlying Securities. While option selling may provide premium opportunities, it may also limitupside gains or increase downside risk. The Fund’s options strategies are applied consistently, whether the Underlying Securityis held directly or through synthetic exposure. Theoptions strategy most frequently utilized by the Fund is called a covered call spread, which is a type of selling credit spread.The Fund uses covered call spreads to earn premium by selling a call option while buying another at a higher strike, with bothprofit and loss capped. See the prospectus section titled “Additional Information About the Funds” for a list of theoptions strategies that the Fund may utilize, together with a description of each options strategy. Annual12% Target Distribution Asdiscussed above, the Fund’s options strategies are designed to seek net premiums of approximately 1% per month. The Fundhas also established a target annual cash distribution level of approximately 12% of its net asset value (the “Annual 12%Target”). This target reflects the Adviser’s expectations based on the premiums the Fund seeks to generate and theannualized effect of those premiums. In practice, the Fund’s options strategies are designed to seek monthly distributionlevels of roughly 1%, which, when annualized, correspond to the Annual 12% Target. The Annual 12% Target is not a guarantee,nor does it represent a 12% yield or a 12% total return. Actual distributions may be higher or lower depending on market conditionsand the Fund’s results. Tothe extent the Fund’s returns fall short of the Annual 12% Target, distributions will reduce the Fund’s net assetvalue (NAV). Although stated as an annual target, distributions are paid more frequently, and any amount the Fund pays in excessof its earnings will reduce NAV. If the Fund’s NAV declines over time, the dollar amount of future distributions will alsodecrease. Distributions may include a significant portion classified as return of capital (“ROC”). ROC generally representsa return of a shareholder’s invested capital rather than traditional income such as dividends or interest. See the prospectussection titled “Additional Information About the Funds” for more information about option premiums and ROC. TheFund seeks to pay distributions on a monthly or more frequent basis, but there is no assurance the Fund will achieve the Annual12% Target in any year. Treasuries Inaddition, the Fund will hold cash or short-term U.S. Treasury securities. These securities serve a dual purpose: providing collateralfor the Options Strategies and contributing to the Fund’s income generation. FundAttributes TheFund is classified as “non-diversified” under the 1940 Act. The Fund’s investment strategy is expected to resultin high portfolio turnover on an annual basis. Undernormal circumstances, the Fund will invest at least 80% of the value of its assets, plus borrowings for investment purposes, inthe U.S.-listed equity securities of Big 50 Companies and options contracts on the Big 50 Companies. For purposes of the foregoing,the Fund defines a Big 50 Company as one of the 50 largest U.S. companies (in terms of market capitalization) that: (i) have equitysecurities listed in the U.S.; (ii) are either domiciled or headquartered in the U.S.; and (iii) whose U.S.-listed equity securitieshave options contracts that are sufficiently liquid as determined by the Adviser. Asof October 31, 2025, the Fund was concentrated (i.e., it held more than 25% of its total assets) in the information technology sector. Thereis no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all ofits investment.
BIGY News
- YieldMax ETFs Announces Distributions on BIGY, RNTY and SOXY
- Liquidity Mapping Around (BIGY) Price Events
- The Newest Income ETFs ‘Target’ Fixed Payouts of 12 to 20 Percent a Year. Here’s How That Actually Works
- The Newest Income ETFs ‘Target’ Fixed Payouts of 12 to 20 Percent a Year. Here’s How That Actually Works
- The YieldMax Fund That Doesn’t Blow Up: A Target 12% From 50 Blue Chips
- The YieldMax Fund That Doesn’t Blow Up: A Target 12% From 50 Blue Chips
- YieldMax ETFs Announces Distributions on BIGY, RNTY and SOXY
- YieldMax Target 12 Big 50 Option Income ETF (NYSEARCA:BIGY) Shares Down 0.5% – Should You Sell?
- (BIGY) Risk Channels and Responsive Allocation
- YieldMax ETFs Announces Distributions on BIGY, RNTY and SOXY
- (BIGY) Movement as an Input in Quant Signal Sets
- Liquidity Mapping Around (BIGY) Price Events
Data for BIGY is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.