GOOY: Distributable Income On GOOGL Shares

YieldMax GOOGL Option Income Strategy ETF offers income-focused exposure to GOOGL via a synthetic covered call strategy. GOOY's covered calls cap upside but can outperform GOOGL during periods of moderate growth, optimizing income through flexible options duration. Distributions yield 43% (LTM), largely as return of capital, providing tax deferral but eroding NAV over time.