YMAX: Is This 43% Dividend Yield Sustainable?
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YieldMax Universe Fund (YMAX) offers a 43% dividend yield but faces challenges such as principal decay, high fees, and NAV erosion. Its double-fee structure and exposure to high beta factors lead to underperformance, making the high yield unsustainable and unattractive for long-term investors.
November 15, 2024 | 10:15 am
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YieldMax Universe Fund (YMAX) offers a high 43% dividend yield but suffers from principal decay, high fees, and NAV erosion. The fund's double-fee structure and exposure to high beta factors lead to underperformance, making the yield unsustainable.
YMAX's high dividend yield is overshadowed by structural issues such as principal decay and high fees, which erode NAV and lead to underperformance. These factors make the yield unsustainable, likely causing a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100