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📈 MainSpring ETFs- YieldMAX files for weekly distributions

📈 MainSpring ETFs- YieldMAX files for weekly distributions

9.12.2024 | Daily ETF Market Morning Spring

Addison
September 12, 2024 • Estimated Reading Time: 6 minutes

^{Thursday, September 12th, 2024}

Good morning readers,

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Data reflects end-of-day ETF market data for Wednesday, September 11th, 2024

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BREAKING: US August CPI 2.5% YoY versus 2.6% expected
— unusual_whales (@unusual_whales)
12:31 PM • Sep 11, 2024

What’s going on in the pond?

YieldMax Filling about Weekly Distributions:

YieldMax ETFs are changing the distribution pattern on their popular ETFs YMAG and YMAX. According to an SEC filing on 9/11/2024, the two funds will now pay a weekly rather than a monthly distribution. This is exciting news for investors who are attracted to these products based on distribution rates.

Remember, that after reviewing the filling, the ETFs are not changing their structure and will still hold the same securities. The only change is the fund will now pay out the monthly distribution in 4 installments/ weekly. The distribution rate and dollar amount will not change.

YieldMax SEC Filling here.

The income option ETF space is competitive, on the same day Defiance ETF, known for similar structured ETF products, released a SEC statement claiming a similar distribution structure for QQQY, IWMY, JEPY

Defiance SEC filling here.

Check out new ETF Launches Here

What I am reading today:

_{These are things I have found interesting, novel, or educational. Popular sites include}_TrackInsight_,_ETF.com_,_Bloomberg_&_{ETF Trends}

SMCY seeks to generate current income by pursuing options-based strategies on Super Micro Computer Inc. (“SMCI”). SMCY is actively managed by ZEGA Financial. SMCY does not invest directly in SMCI.

www.morningstar.com/news/globe-newswire/9229538/yieldmax-launches-option-income-strategy-etf-on-super-micro-computer-smci

September 2024 Newsletter: Why Nothing Stops This Fiscal Train

September 8, 2024 This issue examines what’s causing the structurally high fiscal deficits in the U.S. economy, why the probability of meaningfully reducing them anytime soon is vanishingly low, and what investment implications this may have. For an initial visual, the Congressional Budget Office projects structurally high deficits forever unless meaningfully addressed, despite the fact […]

www.lynalden.com/september-2024-newsletter

Trackinsight

Leverage Shares, a leading ETP issuer that recently surpassed $1 billion in assets under management (AUM), has launched two new exchange-traded products (ETPs) as part of its IncomeShares product line.

www.trackinsight.com/en/etf-news/leverage-shares-expands-incomeshares-product-line-with-0dte-options-etps-on-nasdaq-100-and-sp-500

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_-_Addison

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

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