This fund pays a 105% distribution rate weekly, but how? Here is a breakdown of the YieldMax HOOD Option Income Strategy ETF $HOOY: $HOOY is an actively managed ETF that generates weekly income by selling call spreads on Robinhood $HOOD, while keeping some upside participation if the stock keeps climbing. It does not actually own HOOD shares. Launch: May 7, 2025 Total Assets: $131.50M NAV: $30.06 Distribution Rate: 105.60% 30-Day SEC Yield: 1.99% Expense Ratio: 0.99% Distribution Frequency: Weekly What makes it interesting: $HOOY has actually held up well, up about 56% since launch, because Robinhood stock has run hard and the fund keeps some of that upside. But the headline 105% rate is misleading: it is one weekly payout annualized, and the most recent distribution was 98% return of capital, meaning almost all of it was your own money handed back, not income. Disclosure: @YieldMaxETFs is a WOLF Financial partner. This is for informational purposes only, not financial advice.