● LAUNCHED Began trading Sep 29, 2026. Payment history will be charted here from the first distribution.
This fund is already trading; the payment watch is now waiting on its first distribution. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What MUY Does, Per the Filing
MUY started trading on Tuesday, September 29, 2026. Its first session opened at $25.32 and closed at $25.26 on 43,581 shares — that one day is its entire price history. YieldMax's fund page gives it an inception date of September 23, 2026 on NYSE Arca at a gross expense ratio of 1.01%, and the six-day gap between those two dates is the part worth understanding: inception is when the fund became effective, not its first day on the exchange. This page said it began trading on the 23rd until a reader in r/YieldMaxETFs pointed at the filings and named the 29th. That correction was right, and this is the corrected page.
It is a single-stock income fund on Micron Technology (MU).
YieldMax describes it as an actively managed ETF that generates weekly income by selling call spreads on Micron, harvesting premium from the stock's volatility while keeping some participation in its share price. The word that matters there is spreads: the older YieldMax funds write a synthetic covered call, where the premium collected is larger and the upside given away is open-ended. A spread caps both sides. It is the same machinery as MSFO and FBY, not the classic structure, so a comparison against the original YieldMax funds on headline rate alone will mislead you.
Micron is the reason this fund exists. Option premium is paid for uncertainty, and memory pricing has been one of the more violent corners of the semiconductor market. That cuts both ways: richer premium while MU swings, thinner premium the moment it settles, and the share price carrying the same volatility in the other direction.
No distribution has been declared. As of September 29, 2026 the distribution table on YieldMax's own MUY page is a single row of dashes, and it publishes no distribution rate and no 30-day SEC yield for the fund. Anyone quoting a yield for MUY this week is annualising a payment that does not exist. Our radar watches for the first one, and when it lands every payment gets charted here from that first check.
The thing a new YieldMax fund cannot show you is what happens to the share price while the checks arrive, and across this family that is the part that has hurt. Of the 52 YieldMax funds with a full year of price history, 46 finished the year lower — measured from our own records on September 28, 2026. Distributions that outrun what the strategy earns come out of NAV, which is why a high distribution rate and a shrinking share price so often appear together here. MUY has one day of price history, so nothing about it is settled either way; what is worth watching from the first payment on is the share price and the distribution together, because either one read alone will mislead you.
That pattern would be wrong for MUY if its first year shows a flat or rising share price alongside its distributions — six of the 52 managed exactly that, so it is not a law of the category, and this page will say so if MUY joins them.
There is already an income ETF paying on Micron, and it is the comparison worth making — but only once you know it is built differently. MUYY, the GraniteShares YieldBOOST MU ETF, has paid 24 weekly distributions since April 17, 2026. Compare the plumbing before the yields: MUY sells call spreads on MU itself, while GraniteShares describes MUYY as selling near-the-money puts and buying further out-of-the-money puts on leveraged ETFs tracking twice MU's daily move. Opposite side of the trade, and a doubly volatile vehicle underneath it rather than MU stock. MUYY is not a like-for-like preview of MUY, and anyone offering it as one is skipping that difference.
What MUYY does preview is the shape of the ride. Its weekly payment peaked at $0.512 on May 15, 2026 and was $0.219 on September 25 — under half, five months in. Its share price went from $25.61 on its first trading day to $18.82 on September 29, a 26.5% fall. And the distributions still more than covered that: $9.03 per share paid against $6.79 of price given up, so a day-one holder is up roughly 8.7% before tax. Both of those are true at the same time, which is the whole reason a distribution rate read on its own tells you almost nothing.
Inside YieldMax itself the nearest sibling with any record is YRAM, the memory-and-storage fund, which has been paying since September 9, 2026 — three payments at the time of writing, so a young record rather than a long one. Both pages recompute nightly.
What Nobody Can Know Yet
MUY is trading, but it has not paid yet, so there is no payment history, no real yield, and no evidence of how its strategy behaves in live markets — any number you hear before launch is a target or a guess. Filings also get delayed, renamed, or quietly abandoned; this page's status updates daily either way. When MUY does launch, we chart every payment from its very first one, free.
One email the day a new income fund launches — nothing else, ever. We watch the issuers' own sites continuously; you hear before the videos exist.
Frequently Asked Questions
When did MUY launch?
It launched Sep 29, 2026. The registration was first seen in SEC records dated Sep 25, 2026; issuers typically launch within months of filing, but filings can also stall. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will MUY pay?
Unknowable until it pays — there is no payment history yet and the filing promises no rate. The strategy is option-income, so distributions would depend on real option premiums once live.
Does MUY pay a dividend yet?
No. MUY started trading on September 29, 2026 and has declared nothing so far. As of that date YieldMax publishes no distribution rate and no 30-day SEC yield for it, and the distribution table on its own fund page is a single row of dashes. The fund is designed to pay weekly, but weekly is the stated intent rather than a demonstrated rhythm — the first payment is what settles both the size and the schedule, and we chart every one from that point on. The MU income fund that does have a record is MUYY, which has paid 24 weekly distributions since April 2026, though it sells puts on a 2x MU vehicle rather than call spreads on MU itself.