ISBG
IncomeSTKd 1X Bitcoin & 1X Gold Premium ETF
Distribution Frequency
Weekly
Gross Expense Ratio
1.29%
Net Expense Ratio
1.14%
Distribution Calendar
iThe Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing the Fund’s most recent distribution and dividing the resulting amount by the Fund’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.
Distribution RateiThe Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, from the Fund. In particular, future distributions from the Fund may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution from the Fund. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
19.50%
30-Day Subsidized
SEC YieldiThe 30-Day SEC Yield represents net investment income, which excludes option income, earned by the Fund over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.
0.00%
30-Day Unsubsidized
SEC YieldiA "subsidized" yield is the income percentage [yield] a fund pays investors after factoring in voluntary or contractual fee waivers and expense reimbursements by the fund manager. It represents the actual return to the investor, which is higher than the "unsubsidized" yield.
0.00%
ROCiROC refers to Return of Capital. The ROC percentage indicates how much the distribution reflects an investor's initial investment.
0.00%
The Fund does not invest directly in bitcoin or any other digital assets. Investors seeking direct exposure to the price of bitcoin should consider an investment other than the Fund.
Performance
| Fund Ticker | 1MO | 3MO | 6MO | YTD | 1YR | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|
| ISBG MKT | -9.29 | - | - | - | - | -14.91 | - |
| ISBG NAV | -9.22 | - | - | - | - | -15.14 | - |
| SPTR2 | -0.76 | - | - | - | - | 1.34 | - |
| Fund Ticker | 1MO | 3MO | 6MO | YTD | 1YR | Since Inception (Cumulative) | Since Inception (Annualized) |
|---|---|---|---|---|---|---|---|
| ISBG MKT | - | - | - | - | - | - | - |
| ISBG NAV | - | - | - | - | - | - | - |
The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (844) 599-9888.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.
A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
Stacked Exposure. Designed Income.
- The Fund seeks to distribute high weekly income generated from investing in Bitcoin and Gold ETF options with a primary focus of Total Return
- Actively Managed by Quantify Funds and Convexitas, the fund seeks tax efficiency using Flex options, and options classified as section 1256 contracts and tax loss harvesting
- Return Stacking 200% Leveraged Exposure- Addition without Subtraction
The IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) is designed to deliver total return by combining two powerful scarcity assets; Bitcoin & Gold. ISBG pairs this dual scarcity asset exposure with option strategies designed to generate income in a tax-efficient manor.
ISBG reflects Quantify Funds’ core philosophy: blending time-tested asset classes with modern portfolio construction to create more resilient, income-aware investment solutions.
Why ISBG?
Bitcoin and Gold have both proven to be strong defensive assets against inflation and currency debasement. Additionally, both assets have proven to be relatively uncorrelated, meaning that large drawdowns should be hedged by the other’s strong performance.
How ISBG Works
ISBG combines two distinct beta strategies, each targeting approximately 1.0 beta to its underlying asset class:
Bitcoin Strategy: Bitcoin exposure is obtained through U.S.-listed bitcoin options, futures, ETFs, and other exchange-traded products.
Gold Strategy: Gold exposure is obtained through U.S.-listed Gold bitcoin futures, ETFs, and other exchange-traded products.
On top of these beta exposures, ISBG employs option premium strategies designed to collect income from market volatility. Option premiums are an important driver of the Fund’s income potential but may also limit upside participation during strong market rallies.
Who is ISBG designed for?
ISBG may appeal to investors seeking:
💵 Bitcoin and Gold with an added income component
🛡️ Bitcoin exposure within a transparent ETF structure
🔗 A single allocation that blends physical and digital assets
ISBG is an all-in-one product for investors looking to take advantage of the defensive and uncorrelated attributes of Bitcoin and Gold while increasing their monthly income
Portfolio Construction
- Long Flex Call Options for Beta: Ranging from 3-18 months in tenor
- Short Listed Call Options for Premium: Ranging from 1-180 days in tenor; 0-100% of notional value
- Short Listed Put Options for Premium: Ranging from 1-180 days in tenor; 0-50% of notional value
Fund Details
| Fund Inception | 01/20/2026 |
| Ticker | ISBG |
| Primary Exchange | CBOE |
| CUSIP | 88636W353 |
*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.
**The Adviser has agreed to reduce its unitary management fee to 1.14% through at least March 31, 2027. This agreement may be terminated only by, or with the consent of, the Board of Trustees (the “Board”) of Tidal Trust II (the “Trust”), on behalf of the Fund, upon sixty (60) days’ written notice to the Adviser.
| Net Assets | $3.43m |
| NAV | $21.43 |
| Shares Outstanding | 160,000 |
| Premium/Discount Percentage | -0.24% |
| Closing Price | $21.38 |
| Median 30 Day Spread* | 0.69% |
**30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Top 10 Holdings
| Name | CUSIP | Shares | Price | Market Value | Weightings ▲ |
|---|---|---|---|---|---|
| GLD 06/30/2026 380.01 C | 1GLD 260630C00380010 | 170.00 | $99.98 | $1,699,642.15 | 44.06% |
| Cash & Other | Cash&Other | 1,493,116.00 | $1.00 | $1,493,116.40 | 38.71% |
| IBIT 06/18/2026 40.01 C | 1IBIT 260618C00040010 | 1,796.00 | $4.15 | $744,474.15 | 19.30% |
| First American Government Obligations Fund 12/01/2031 | 31846V336 | 206,144.00 | $100.00 | $206,143.73 | 5.34% |
| IBIT US 03/31/26 C42 | IBIT 260331C00042000 | -287.00 | $0.93 | $-26,691.00 | -0.69% |
| IBIT US 03/13/26 C40 | IBIT 260313C00040000 | -574.00 | $0.58 | $-33,005.00 | -0.86% |
| GLD US 03/13/26 C485 | GLD 260313C00485000 | -170.00 | $2.53 | $-42,925.00 | -1.11% |
| IBIT US 03/13/26 P42 | IBIT 260313P00042000 | -287.00 | $2.97 | $-85,095.50 | -2.21% |
| IBIT US 03/13/26 P40 | IBIT 260313P00040000 | -718.00 | $1.40 | $-100,161.00 | -2.60% |
Holdings are subject to change without notice.
Distribution
| EX Date | Record Date | Payable Date | Fund Total | ROC |
|---|---|---|---|---|
| 02/02/2026 | 02/02/2026 | 02/03/2026 | 0.09 | 100% |
| 02/09/2026 | 02/09/2026 | 02/10/2026 | 0.09 | 0.00% |
| 02/13/2026 | 02/13/2026 | 02/17/2026 | 0.09 | 94.58% |
| 02/23/2026 | 02/23/2026 | 02/24/2026 | 0.08 | 0.00% |
| 03/02/2026 | 03/02/2026 | 03/03/2026 | 0.08 | 100.00% |
| 03/09/2026 | 03/09/2026 | 03/10/2026 | 0.08 | 0.00% |