# YieldMax Universe Fund of Option Income ETFs (YMAX) — Overview

YMAX · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/ymax

## Price

Last close $7.43 on Oct 15, 2026. 52-week range $7.27 – $12.63.

## Fund profile

YMAX is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy.

| Metric | Value |
| --- | --- |
| Issuer | Tidal Investments LLC |
| Industry | — |
| Inception | Jan 16, 2024 |
| Assets under management | $357.0M |
| Expense ratio | 1.28% |
| Net asset value | $7.36 (as of Oct 14, 2026) |
| Distributions | Weekly |
| Leverage | 1x |

## Frequently Asked Questions

### What is YieldMax Universe Fund of Option Income ETFs (YMAX)?

YMAX is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy.

### What is YMAX's expense ratio?

YieldMax Universe Fund of Option Income ETFs charges an annual expense ratio of 1.28%. The fund is issued by Tidal Investments LLC.

### How large is YMAX?

YieldMax Universe Fund of Option Income ETFs manages $357.0M in assets and has traded since Jan 16, 2024.

### How do I buy shares of YieldMax Universe Fund of Option Income ETFs (YMAX)?

YMAX trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).