YieldMax TSLA Performance & Distribution Target 25 ETF trades under ticker TEST on CBOE as an ETF. Use this page to review its stock price, dividends, and price history. The page also shows Derivative Income exposure. Identifiers: ISIN US88636V5460, CUSIP 88636V546.
About the Company
YieldMax TSLA Performance & Distribution Target 25 ETF is an actively managed exchange-traded fund designed to deliver both income and growth through a sophisticated options-based strategy. Rather than investing directly in Tesla Inc. shares, this ETF seeks to generate synthetic exposure to Tesla’s performance by using long call and short put option positions, while simultaneously selling call spreads to produce recurring weekly income. The fund’s primary objective is to provide consistent current income to investors, targeting an annualized distribution rate of 25%. Its secondary objective is to achieve capital appreciation by participating in the share price movements of Tesla, though upside gains are capped while downside losses mirror those of the underlying stock. This instrument is structured for those seeking exposure to the volatility and performance potential of a single large-cap growth stock, combined with a proprietary income generation approach. Its unique focus makes it more volatile than diversified pooled investments and exposes investors to single issuer risk. The ETF typifies a new wave of targeted, options-based income strategies in today’s evolving financial market.