Yieldmaxetfgbx Share Price (YMAP)

1. UCITS Regulations and Investor Protection:

UCITS (Undertakings for Collective Investment in Transferable Securities) is a set of European Union-wide regulations for investment funds. It's often considered a gold standard for retail investor protection due to several key features:

Diversification Rules: UCITS funds are subject to strict diversification rules, often referred to as the "5/10/40" rule. This means a fund generally cannot invest more than 10% of its assets in a single security, and the sum of all investments exceeding 5% cannot exceed 40% of the fund's assets. This is designed to spread risk and prevent over-concentration.

Liquidity Requirements: UCITS funds must hold a certain percentage of their assets in liquid instruments to ensure they can meet redemption requests from investors in a timely manner.

Borrowing Limits: There are limits on the amount of leverage or borrowing a UCITS fund can take on, typically capping it at 10% of its net assets for liquidity purposes, not for investment.

Regulated Service Providers: UCITS funds must use highly regulated and independent service providers, including a depositary. The depositary's role is crucial as it acts as a watchdog, ensuring the fund's assets are properly held and segregated from the fund manager's own assets. This provides a strong layer of protection in case of fund manager insolvency.

Strict Liability for Depositaries: The UCITS framework holds the depositary to a strict liability standard for any loss of assets held in custody. This means they are liable for a loss unless it is due to an external, unforeseeable event.

2. The U.S. Counterpart (YMAG):

While U.S. ETFs are also regulated (by the SEC), the regulatory framework is different from UCITS. The key difference in this specific case lies in the "depositary" function and the strict liability rules that come with it. While U.S. ETFs also use custodians to hold assets, the UCITS depositary role has a more explicit and robust function in protecting fund assets.

3. Implications for YieldMax Funds:

The UCITS-compliant YMAP/YMAG must adhere to these stricter rules. This can influence the fund's strategy, such as limitations on the types of derivatives used or the degree of concentration in specific underlying assets.

The U.S. version (YMAG) operates under a different set of rules. While still regulated, it does not have the same explicit safeguards as the UCITS framework, particularly concerning the independent depositary with strict liability.

In conclusion, the claim that the UCITS-compliant YieldMax fund is "safer" is primarily due to the added layer of investor protection and asset segregation provided by the UCITS regulatory framework, especially the role of the independent depositary and the strict liability regime it operates under. This is a key differentiator that is designed to better protect the fund's assets and, by extension, its investors.

No I haven’t, but I think they are even more risky, st least with UCITS they have to follow better regulations.

UCITS is a set of safety standards aimed at protecting investors from unsafe investment channels.

Somewhat similar in concept to QYLP which seeks to track the Nasdaq-100 BuyWrite index. However, since launch of YMAP (25 March 2025) it has returned about 17% (inclusive of dividends) while QYLP has retuned -3.85%. The difference in performance is presumably down to QYLP selling call options on the Nasdaq 100, whereas YMAP sells call options on selected global tech stocks. Interestingly, YMAP has outperformed the SPDR MSCI World Technology ETF TECW (13%) over the same period. I assume YMAP's dividends are paid in dollars involving a currency conversion. Top 10 holdings :

COINBASE GLOBAL INC -CLASS A 6.52%

PALANTIR TECHNOLOGIES INC-A 5.49%

ORACLE CORP 5.14%

BROADCOM INC 4.84%

ADVANCED MICRO DEVICES 4.79%

NVIDIA CORP 4.79%

TAIWAN SEMICONDUCTOR-SP ADR 4.40%

MICROSOFT CORP 4.22%

MICROSTRATEGY INC-CL A 4.09%

INTUIT INC 4.08%

Regional Exposure Weight :

United States 93.45%

Taiwan 4.40%

China 2.99%

Cash 0.81%

Have you tried with any others such as ETF of covered calls for COINBASE, Tesla, Meta, amazon, etc by INCOMESHARE ?

Not sure I’m guessing with such a high yield it will eat away at the core price, I’ve taken 75 shares to start and will accumulate slowly to see as wanted to get into a few of the yield max funds, but this is only one available so far for me with ucits