The folks at Tidal [profile] and Zega are teaming up on another fund, one that combines an options-based income generating strategy (targeting 12 percent in annual income) with one focused on investing in the stocks of real estate companies.

Last month, the YieldMax ETFs team unveiled the launch of the YieldMax Target 12 Real Estate Option Income ETF (RNTY on the NYSE Arca). Like with other YieldMax funds, Tidal Investments LLC serves as RNTY's investment advisor, while Zega Financial, LLC serves as subadvisor.

RNTY's inception date was April 16, and the ETF comes with an expense ratio of 99 basis points. As of Friday (May 2), the fund had $2.63 million in AUM.

The PM team for RNTY includes:

Qiao Duan, portfolio manager at Tidal;

Chrisopher Muller, PM at Tidal; and

Jay Pestrichelli, PM at Zega.

RNTY is an actively managed, non-diversified series of Tidal Trust II. The new ETF's other service providers include:

Cohen & Company, Ltd. as independent accounting firm;

ACA's Foreside Fund Services, LLC as distributor;

Sullivan & Worcester LLP as counsel;

Tidal ETF Services LLC as administrator;

U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and

U.S. Bank, N.A. as custodian.

 

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