FIVY was created on 2024-12-16 by YieldMax. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 5.15m in AUM and 12 holdings. FIVY is a passively managed fund-of-funds that tracks an index of five stocks and five affiliated ETFs. The underlying ETFs seek to provide current income and capped gains by employing synthetic covered call strategies, collateralized by cash and US Treasurys.