YieldMax R2000 0DTE Covered Call Strategy ETF
RDTY is an actively managed ETF that seeks income and capital appreciation. RDTY seeks to achieve its investment objective by employing a synthetic covered call strategy that is designed to generate current income while also providing exposure to the price return of the R2000 Index (the “Index”). RDTY aims to distribute such income on a weekly basis.
Investing in the Fund involves a high degree of risk. Due to RDTY’s investment strategy, RDTY’s exposure to gains, if any, of the Index is limited. However, RDTY is subject to all potential losses if the Index decreases in value, which may not be offset by income received by RDTY.
NONE OF THE FUND, THE TRUST, OR TIDAL INVESTMENTS LLC (THE “ADVISER”) IS AFFILIATED, CONNECTED, OR ASSOCIATED WITH ANY UNDERLYING ISSUER.
There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.
Why choose this fund?
Weekly Income Potential
The fund seeks to provide frequent income by selling zero days to expiration (“0DTE”) call options on the Russell 2000 Index.
Index Exposure
Investors gain exposure to the price return of the Russell 2000 Index, one of the most widely followed U.S. equity benchmarks.
Upside Participation
The strategy is designed to generate income while providing participation in the potential gains of the Russell 2000 Index.
Distribution Information
* The most recent distribution on 11/04/2025 contains 0.00% return of capital and 100.00% income. The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing the Fund’s most recent distribution and dividing the resulting amount by the Fund’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.
** The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the Fund over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.
The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, from the Fund. In particular, future distributions from the Fund may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution from the Fund. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
Previous distributions have included a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Please refer to the 19a-1 notices at here for additional details regarding the distributions’ composition, once available.
Performance
As of 10/31/2025
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (03/05/2025) | Since Inception Annualized (03/05/2025) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 1.85% | 5.96% | 13.36% | — | — | — | — | — | 9.43% | — |
| NAV | 1.89% | 5.88% | 13.01% | — | — | — | — | — | 9.20% | — |
| S&P 500 TR | 3.65% | 8.12% | 19.96% | — | — | — | — | — | 15.35% | — |
As of 9/30/2025
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (03/05/2025) | Since Inception Annualized (03/05/2025) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 1.85% | 5.96% | 13.36% | — | — | — | — | — | 9.43% | — |
| NAV | 1.89% | 5.88% | 13.01% | — | — | — | — | — | 9.20% | — |
| S&P 500 TR | 3.65% | 8.12% | 19.96% | — | — | — | — | — | 15.35% | — |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (866) 864-3968.
Short term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, weekly. There is no guarantee these distributions will be made.
Fund Overview
The YieldMax R2000 0DTE Covered Call Strategy ETF (RDTY) is an actively managed exchange-traded fund that seeks to generate current income while also providing exposure to the price return of the Russell 2000 Index. The fund seeks to generate income primarily by selling out-of-the-money, zero days to expiration (“0DTE”) call options on the Russell 2000 Index (or related ETFs). The strategy is designed to capture option premiums on a frequent basis, with the goal of distributing income weekly.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to provide exposure to the price return of the Russell 2000 Index. Distributions are not guaranteed and may vary over time.
Fund Details
As of 10/31/2025
*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.
As of 11/07/2025
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Distributions
For YieldMax ETFs Distribution Schedules, click here.
| DISTRIBUTION PER SHARE | DECLARED DATE | EX DATE | RECORD DATE | PAYABLE DATE | ROC |
|---|---|---|---|---|---|
| $0.3739 | 11/04/2025 | 11/05/2025 | 11/05/2025 | 11/06/2025 | 0.00% |
| $0.3395 | 10/28/2025 | 10/29/2025 | 10/29/2025 | 10/30/2025 | 100.00% |
| $0.4161 | 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/23/2025 | 100.00% |
| $0.2641 | 10/14/2025 | 10/15/2025 | 10/15/2025 | 10/16/2025 | 61.29% |
| $0.3623 | 10/08/2025 | 10/09/2025 | 10/09/2025 | 10/10/2025 | 12.00% |
| $0.3078 | 10/01/2025 | 10/02/2025 | 10/02/2025 | 10/03/2025 | 30.78% |
| $0.2952 | 09/24/2025 | 09/25/2025 | 09/25/2025 | 09/26/2025 | 0.00% |
| $0.2952 | 09/17/2025 | 09/18/2025 | 09/18/2025 | 09/19/2025 | 100.00% |
| $0.2572 | 09/10/2025 | 09/11/2025 | 09/11/2025 | 09/12/2025 | 100.00% |
| $0.4502 | 09/03/2025 | 09/04/2025 | 09/04/2025 | 09/05/2025 | 100.00% |
| $0.4502 | 08/27/2025 | 08/28/2025 | 08/28/2025 | 08/29/2025 | 100.00% |
| $0.3935 | 08/20/2025 | 08/21/2025 | 08/21/2025 | 08/22/2025 | 100.00% |
| $0.3123 | 08/13/2025 | 08/14/2025 | 08/14/2025 | 08/15/2025 | 95.02% |
| $0.2438 | 08/06/2025 | 08/07/2025 | 08/07/2025 | 08/08/2025 | 0.00% |
| $0.3461 | 07/30/2025 | 07/31/2025 | 07/31/2025 | 08/01/2025 | 100.00% |
| $0.3901 | 07/23/2025 | 07/24/2025 | 07/24/2025 | 07/25/2025 | 100.00% |
| $0.3330 | 07/16/2025 | 07/17/2025 | 07/17/2025 | 07/18/2025 | 38.62% |
| $0.3040 | 07/09/2025 | 07/10/2025 | 07/10/2025 | 07/11/2025 | 100.00% |
| $0.2361 | 07/02/2025 | 07/03/2025 | 07/03/2025 | 07/07/2025 | 100.00% |
| $0.2035 | 06/25/2025 | 06/26/2025 | 06/26/2025 | 06/27/2025 | 100.00% |
| $0.3265 | 06/18/2025 | 06/20/2025 | 06/20/2025 | 06/23/2025 | 100.00% |
| $0.3038 | 06/11/2025 | 06/12/2025 | 06/12/2025 | 06/13/2025 | 96.74% |
| $0.2108 | 06/04/2025 | 06/05/2025 | 06/05/2025 | 06/06/2025 | 95.29% |
| $0.3538 | 05/28/2025 | 05/29/2025 | 05/29/2025 | 05/30/2025 | 97.17% |
| $0.3446 | 05/21/2025 | 05/22/2025 | 05/22/2025 | 05/23/2025 | 97.47% |
| $0.2447 | 05/14/2025 | 05/15/2025 | 05/15/2025 | 05/16/2025 | 98.80% |
| $0.4634 | 05/07/2025 | 05/08/2025 | 05/08/2025 | 05/09/2025 | 100.00% |
| $0.4696 | 04/30/2025 | 05/01/2025 | 05/01/2025 | 05/02/2025 | 100.00% |
| $0.4570 | 04/23/2025 | 04/24/2025 | 04/24/2025 | 04/25/2025 | 100.00% |
| $0.3745 | 04/16/2025 | 04/17/2025 | 04/17/2025 | 04/21/2025 | — |
| $0.3590 | 04/09/2025 | 04/10/2025 | 04/10/2025 | 04/11/2025 | — |
| $0.3351 | 04/02/2025 | 04/03/2025 | 04/03/2025 | 04/04/2025 | — |
| $0.3037 | 03/26/2025 | 03/27/2025 | 03/27/2025 | 03/28/2025 | — |
| $0.3193 | 03/19/2025 | 03/20/2025 | 03/20/2025 | 03/21/2025 | — |
ROC stands for Return of Capital
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing the Fund’s most recent distribution and dividing the resulting amount by the Fund’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the Fund over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. Distributions are not guaranteed.
The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, from the Fund. In particular, future distributions from the Fund may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution from the Fund. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Top 10 Holdings
As of 11/10/2025
Holdings are subject to change.
| SECURITY NAME | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|
| RUT 12/19/2025 210.26 C | 4RUT 251219C00210260 | 46.00 | 10,214,309.75 | 10,573,750 | 96.60% |
| First American Government Obligations Fund 12/01/2031 | 31846V336 | 2,066,449.77 | 2,066,449.77 | 10,573,750 | 19.54% |
| United States Treasury Note/Bond 3.875% 01/15/2026 | 91282CGE5 | 40,000.00 | 40,000.24 | 10,573,750 | 0.38% |
| Cash & Other | Cash&Other | -1,803,303.71 | -1,803,303.71 | 10,573,750 | -17.05% |
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