APLY
YieldMax AAPL Option Income Strategy ETF
APLY seeks to provide current income and capped gains on the Apple stock (AAPL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 94.1 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Apr 17, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 05/12/2026 | 31.0 % |
| UNITED STATES TREASURY BILL 04/09/2026 | 22.1 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 17.2 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 16.7 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 15.3 % |
| CASH & OTHER | 3.8 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 2.2 % |
| AAPL US 04/17/26 C275 | 0.2 % |
| AAPL US 03/27/26 C257.5 | 0.1 % |
| AAPL US 03/27/26 C260 | 0.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -8.1% | -26.3% | -17.6% | -- | -- | -- | -- | -16.0% |
| Dividend Yield | 4.5% | 30.7% | 28.9% | -- | -- | -- | -- | 26.2% |
| Total Returns | -3.6% | 4.4% | 11.3% | -- | -- | -- | -- | 10.2% | Ann. Volatility | 23.5% | 27.7% | 23.4% | -- | -- | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 60% |
| MSCI EAFE | 1.05 | 39% |
| MSCI Emg Mkts | 0.82 | 29% |
Liquidity Measures
| Avg. volume (000) | 210 |
| ADV traded (mns) | $2 |
| Turnover | 2.6% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $11.76 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.14/-0.14 |
| Bollinger Bands (Upper/Lower) | $12.06/$11.30 |
| Short interest (% of AUM) | 1.8% |
Distributions