How Are GDXY Dividends Taxed?
Built from GDXY's own payment record and published figures, as of 2026-08-18. We are not tax advisers and this is not tax advice; a professional who knows your situation is the right stop before decisions.
YieldMax Gold Miners Option Income Strategy ETF publishes an estimated return-of-capital share for every distribution it declares. Across the 33 recorded payments in our coverage window, the fund paid $4.5968 per share; weighted by payment size, 92.8% of that was estimated return of capital ($4.2657 per share), and $0.3311 per share was estimated income. 0 payments were marked 100% return of capital and 1 were marked 0%.
The Split, from the Fund's Own Figures
| Recorded payments | 33 |
| Total paid per share | $4.5968 |
| Estimated return of capital | $4.2657 (92.8%) |
| Estimated income portion | $0.3311 |
| Payments marked 100% ROC | 0 of 33 |
| Payments marked 0% ROC | 1 of 33 |
Weighted by payment size across the coverage window shown on the GDXY page, where every payment's ROC estimate is listed row by row with its source.
How the Estimate Moved Across GDXY's Record
A weighted average hides its own shape. Across the 33 GDXY payments we hold, the sponsor's return-of-capital estimate ran from 0.00% on the March 19, 2026 payment to 97.98% on March 5, 2026, with a median of 94.75%. The record spans 223 days, from January 2, 2026 to August 13, 2026.
Splitting that record in half by payment order, the older 16 payments carried a weighted 91.9% return of capital and the newer 17 carried 94.1%, a shift of 2.3 percentage points upward. These are the fund's own per-payment estimates, revised at year end, so a shift is as likely to reflect a change in what the strategy earned as a change in accounting.
In basis terms, each GDXY payment reduced a holder's cost basis by an average of $0.1293 per share on these estimates, or $4.2657 in total across the record. Basis reduction is deferral rather than exemption: once basis reaches zero, further return of capital is taxed as capital gain in the year it is received.
| Sponsor estimate for the payment | Payments | Cash per share |
|---|---|---|
| no return of capital | 1 | $0.1144 |
| half or more, short of all | 32 | $4.4824 |
Grouped from the per-payment estimates listed row by row on the GDXY page, as of 2026-08-18.
What GDXY's Own Payment Record Adds
Tax character is one half of the question and the payment record is the other. Our GDXY record holds 33 payments between January 2, 2026 and August 13, 2026, on a weekly schedule of 52 a year. The most recent was $0.1493 per share, ex-date August 13, 2026 and paid August 14, 2026. Nothing further is declared on our record.
Across trailing twelve months the payments ran from $0.0771 on July 9, 2026 to $0.3250 on March 5, 2026, a spread of 322%. A spread that wide matters at tax time as well as in a budget: the taxable amount for a year is the sum of what actually arrived, not twelve times a typical payment. Ex-dates landed in Jan, Feb, Mar, Apr, May, Jun, Jul, Aug over the trailing two years, which is the schedule an estimated-tax calculation has to follow.
Our record cannot yet say whether GDXY's payout is rising or falling: Growth needs two complete calendar years of payouts, or two full years of coverage. Our GDXY record starts 2026-01-02 and holds no complete calendar year yet across 33 payments. On the record we hold, the rolling comparison can first be computed on January 2, 2028 and the calendar-year comparison on January 1, 2029, so this figure fills in around January 2028 as long as GDXY keeps distributing on its current schedule. No calendar year in our record is complete, so there is no annual total to set against a tax year yet.
Frequently Asked Questions
Is GDXY's distribution taxed as dividend income?
Mostly not, on the fund's own estimates. Return of capital is not income when received: it reduces your cost basis instead, which defers tax until you sell (and can turn into capital gain then). The non-ROC portion of an option-income fund's payout is generally ordinary income, not qualified dividend income, because option premium is not a dividend. The exact split for your tax year arrives on the 1099-DIV and the fund's annual tax supplement, and it can differ from the per-payment estimates shown here.
Why does a high ROC share matter?
Two reasons. First, it means the headline distribution overstates what the fund earned in the period: part of the payment is your own capital coming back. Second, basis reduction is a deferral, not an exemption; once basis reaches zero, further ROC is taxed as capital gain immediately.
Where do these figures come from?
From the fund's own published per-payment estimates (Section 19(a) notices), which we record alongside every distribution on the GDXY page. They are estimates by design; the fund's year-end tax documents control.
Full payment record: GDXY distribution history. Other payers whose tax treatment we cover are on the dividend tax index, and the sourcing rules are on the methodology page. Free to cite with a link to dividendtable.com.