ULTY was created on 2024-02-28 by YieldMax. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1225.92m in AUM and 30 holdings. ULTY is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries. Positions are held either directly or through synthetics based on implied volatility levels.