TSMYYieldMax TSM Option Income Strategy ETF
Seeks current income while providing indirect exposure to the share price of Taiwan Semiconductor Manufacturing Company Limited (TSM).
By YieldMax ETFs · Launched 2024
1.01%
#4,997 of 5,562 · expensive
$118M
#2,779 of 5,562 · mid-size
54.23%
1 year
#3,751 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 100.4% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income while providing indirect exposure to the share price of Taiwan Semiconductor Manufacturing Company Limited (TSM).
- Strategy
- Actively managed ETF employing synthetic covered call strategies to generate options premiums and provide indirect exposure to TSM's price returns. The Fund uses U.S. Treasuries for collateral and aims for weekly cash distributions.
- Inception date
- August 20, 2024
- Fund family
- YieldMax ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Single-stock wrapper — fees without diversification
This fund wraps exposure to a single company, usually with an option overlay. You pay fund-level fees (typically 0.50–1.00% depending on the issuer) plus the wrapper's option-overlay mechanics for exposure you could get more cheaply by holding the underlying stock directly. The income is generated by capping upside.
Source: Israelov & Nielsen, 'Covered Calls Uncovered' (Financial Analysts Journal 2015)
Why we flagged this: strategy=option_income + single_stock_wrapper
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed TSMY. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19