YieldMax Semiconductor Portfolio Option Income ETF (CHPY)

YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is an exchange-traded fund in the Derivative Income category. It has $1.15B in assets, an expense ratio of 1.03% and a 25.15% dividend yield. The fund’s strategy involves: (1) constructing a portfolio of U.S.-listed equity securities of semiconductor companies (each, an “underlying security”) (the “Equity Strategy”) and (2) generating income through an options portfolio (the “Options Strategies”), which involve using options contracts on underlying securities and/or semiconductor ETFs. The fund is non-diversified.