The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) aims to generate extra income by investing in the Magnificent Seven stocks, known for their performance in the 2020s. It uses a 'fund of funds' strategy, primarily investing in seven related covered call ETFs while holding some cash and assets like a government bond-focused mutual fund. Despite the tempting income distribution, potential investors must be aware of the share-price erosion risks associated with investing in YMAG.
The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) seeks to generate extra income from stocks known as the Magnificent Seven, aiming for a high distribution rate.
The YMAG ETF employs a 'fund of funds' strategy, primarily investing in seven covered call ETFs based on the Magnificent Seven stocks, with some holdings in cash and government bonds.
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