When did YieldMax switch to weekly distributions?

YieldMax announced the full transition on October 8, 2025, via a press release titled 'Transition to Weekly Distributions Across Product Suite.' Before that date, the fund family used an A/B/C/D monthly group system where each group paid only once a month on a designated week.

What day of the week does CONY pay its distribution?

CONY is in Weekly Group 1, which pays every Thursday. The declaration date is Tuesday, the ex-dividend and record date is Wednesday, and the cash hits your account on Thursday. With 48–52 Thursdays in a year, you receive a distribution nearly every week.

Are TSLY and NVDY in the same distribution group?

Yes. Both TSLY and NVDY are in Weekly Group 2, which pays every Friday. Declaration is Wednesday, ex/record is Thursday, payment is Friday. Holding either ticker means you expect a Friday cash event each week the market is open.

Which group is MSTY in?

MSTY is in Weekly Group 1 alongside CONY, meaning it also pays on Thursdays. The cycle is: declare Tuesday, ex/record Wednesday, pay Thursday. If you hold both CONY and MSTY, they arrive the same day.

How does weekly distribution frequency affect my 1099-DIV and cost basis?

Frequency alone does not change how distributions are categorized — ordinary dividends appear in Box 1a and return of capital (ROC) in Box 3 regardless of how often they arrive. However, 48–52 distribution events per year means ROC adjustments accumulate faster, lowering your cost basis more quickly. When you eventually sell, a lower basis means a larger taxable capital gain. Tracking is best handled through your broker's consolidated 1099 at year-end.

How do I verify if YieldMax has changed a ticker's group assignment?

Check yieldmaxetfs.com/distribution-schedule/ directly before your target ex-dividend date. YieldMax can and does adjust group assignments or payment dates, especially around federal holidays. The site lists the current group for every ticker and publishes the upcoming week's confirmed dates and declared amounts.

YieldMax Weekly Distributions Explained 2026: Which Day D...

You held TSLY or CONY through October 2025. Do you know what day of the week your ETF now pays — and what that means for your Form 1099-DIV? If your answer involves “monthly” anything, your mental model is out of date.

On October 8, 2025, YieldMax published a press release titled “Transition to Weekly Distributions Across Product Suite.” That announcement retired the old A/B/C/D monthly group framework and replaced it with three weekly groups plus two legacy schedules. Six months later, most investors still search for “CONY monthly distribution” or “TSLY pay date” without realizing the answer is now a day of the week, not a week of the month.

This post maps every major ticker to its current group, shows the confirmed May 2026 schedule, and explains what weekly frequency actually means for US taxpayers — including the 1099-DIV boxes that matter and why IRA holders have a meaningful structural advantage.

The Five Current Distribution Structures

After the October 2025 transition, YieldMax distributes across five distinct schedules:

Weekly Group 1 — Pays Every Thursday

Declaration date: Tuesday
Ex-dividend / Record date: Wednesday
Payment date: Thursday

Group 1 contains 25 tickers including CONY, MSTY, AMDY, AMZY, APLY, MRNY, YBIT, CHPY, ABNY, FEAT, AIYY, FIVY, BABO, BRKC, CRCO, CRSH, CVNY, DIPS, MSFO, TSMY, WNTR, XOMO, XYZY, YMAX, and YQQQ.

Weekly Group 2 — Pays Every Friday

Declaration date: Wednesday
Ex-dividend / Record date: Thursday
Payment date: Friday

Group 2 contains 30 tickers including TSLY, NVDY, ULTY, OARK, GOOY, FBY, NFLY, PLTY, MARO, DISO, DRAY, FIAT, GDXY, GMEY, GPTY, HIYY, HOOY, JPO, LFGY, MINY, PYPY, QDTY, RBLY, RDTY, RDYY, SDTY, SLTY, SMCY, SNOY, and YMAG.

Weekly Group 3 / Target 25™ — Pays Every Wednesday

Declaration date: Monday
Ex-dividend / Record date: Tuesday
Payment date: Wednesday

This group currently holds three tickers: MSST, NVIT, and TEST. These are part of the YieldMax Performance & Distribution Target 25™ product line.

Monthly Target 12™ — Pays Once Per Month

Tickers: BIGY, RNTY, SOXY. These Broad-Based Lite funds were designed for monthly distributions from inception and were excluded from the October 2025 weekly transition.

Quarterly — Pays Four Times Per Year

Only one ticker: DDDD (U.S. Stocks Target Double Distribution ETF). Scheduled payment dates for 2026 fall in Q2, Q3, and Q4, with an additional Q1 2027 payment.

Ticker-to-Group Quick Reference

The table below covers the most actively searched tickers. For the complete list, see yieldmaxetfs.com/distribution-schedule/.

Ticker	Underlying	Group	Pay Day
CONY	COIN (Coinbase)	Weekly Group 1	Thursday
MSTY	MSTR (MicroStrategy)	Weekly Group 1	Thursday
AMDY	AMD	Weekly Group 1	Thursday
APLY	AAPL (Apple)	Weekly Group 1	Thursday
YBIT	Bitcoin	Weekly Group 1	Thursday
MRNY	MRNA (Moderna)	Weekly Group 1	Thursday
TSLY	TSLA (Tesla)	Weekly Group 2	Friday
NVDY	NVDA (Nvidia)	Weekly Group 2	Friday
GOOY	GOOGL (Alphabet)	Weekly Group 2	Friday
NFLY	NFLX (Netflix)	Weekly Group 2	Friday
ULTY	Ultra short-term portfolio	Weekly Group 2	Friday
OARK	ARKK Innovation	Weekly Group 2	Friday
PLTY	PLTR (Palantir)	Weekly Group 2	Friday
FBY	META (Meta)	Weekly Group 2	Friday
MARO	MARA (Marathon Digital)	Weekly Group 2	Friday

One common error worth flagging: MARO tracks Marathon Digital Holdings (ticker MARA), a Bitcoin mining company. It has no connection to Marriott International (MAR). Several third-party aggregators have mislabeled it — verify at the issuer’s fund page before acting on any data.

NVDY vs CONY deep comparison →

May 2026 Confirmed Schedule — Group 1 (Thursday Pay)

YieldMax publishes its upcoming distribution schedule weekly on the news page. The following Group 1 dates are confirmed for May 2026:

Week	Declaration (Tue)	Ex/Record (Wed)	Payment (Thu)
Week 1	May 5	May 6	May 7
Week 2	May 12	May 13	May 14
Week 3	May 19	May 20	May 21
Week 4	May 26	May 27	May 28

Group 2 (Friday pay) follows the declare-Wednesday / ex-Thursday / pay-Friday pattern, producing May payment dates of May 8, May 15, May 22, and May 29.

Group 3 (Wednesday pay) follows the declare-Monday / ex-Tuesday / pay-Wednesday pattern, producing May payment dates of May 6, May 13, May 20, and May 27.

Note: YieldMax states “All dates are subject to change.” Memorial Day falls on May 26, 2026 — a federal holiday. If the NYSE is closed, Group 1 declaration scheduled for that Tuesday may shift. Check yieldmaxetfs.com/news/ in the week prior to confirm any holiday adjustments.

US Settlement and Timing — What “Pay Thursday” Actually Means

US equities now settle T+1. To receive a distribution, you must hold shares before the ex-dividend date closes.

Practical example for CONY’s Week 2 May distribution:

May 12 (Tuesday): Declaration day. Hold shares by market close to be on record.
May 13 (Wednesday): Ex/Record date. If you buy on or after this date, you do not receive this distribution.
May 14 (Thursday): Payment date. Cash posts to your brokerage account — Fidelity, Schwab, Robinhood, Webull, and most major US custodians credit the same business day or by market open the following morning.

At 48–52 distributions per year, Group 1 and Group 2 each produce roughly four payment events per month. An investor holding one Group 1 ticker and one Group 2 ticker receives a cash event every Thursday and every Friday — a Thu/Fri cadence that some income investors deliberately build around.

US Tax Treatment — The Part That Changes With Weekly Frequency

Form 1099-DIV: Two Boxes That Matter

YieldMax distributions appear on your annual Form 1099-DIV from your broker. Two boxes are relevant:

Box 1a — Ordinary dividends: The taxable portion of each distribution, taxed at ordinary income rates (not the lower qualified dividend rate, because covered-call ETF distributions do not meet the holding period requirements for qualified treatment in most cases).
Box 3 — Nondividend distributions (Return of Capital): The ROC portion is not immediately taxable. Instead, it reduces your cost basis in the ETF.

YieldMax does not publish a Box 3 breakdown in real time. Final 1099-DIV figures are typically available from your broker by mid-February following the tax year.

Return of Capital: Why Basis Tracking Matters More Now

ROC reduces your cost basis dollar-for-dollar. With 48–52 distribution events per year, your basis can erode significantly faster than it would under monthly distributions — not because the total ROC is higher (it scales with distributions paid), but because each adjustment compounds more frequently.

When your cost basis reaches zero, any subsequent ROC becomes immediately taxable as a capital gain at the time of receipt. And when you eventually sell the fund, a lower remaining basis produces a larger capital gain.

If you hold YieldMax in a taxable account, the practical implication is: do not wait until tax season to reconstruct your basis. Use your broker’s “Cost Basis” or “Unrealized Gain/Loss” tracker throughout the year, and request the consolidated 1099 (Form 1099-B combined with 1099-DIV) rather than relying on per-distribution confirmations.

The IRA / Roth IRA Advantage

Weekly ordinary income distributions create a tax friction problem in taxable accounts that disappears entirely inside a traditional IRA, Roth IRA, or HSA. In a tax-deferred or tax-free wrapper:

No 1099-DIV reporting per distribution event
No annual basis adjustments to track
No wash-sale exposure if you reinvest proceeds into a similar covered-call ETF
Ordinary income rates on distributions become irrelevant (Roth) or deferred (traditional IRA)

Many US-based YieldMax holders specifically use these funds inside retirement accounts for this reason. That does not make the funds appropriate for every investor’s IRA — NAV erosion risk exists regardless of account type — but the tax wrapper eliminates the administrative friction that 52 annual distribution events otherwise create.

Wash Sale Considerations

If you actively rotate between YieldMax ETFs — selling TSLY after a distribution to harvest a loss and buying NVDY — the wash sale rule (IRC § 1091) could apply if the two funds are deemed “substantially identical.” The IRS has not issued specific guidance on covered-call ETF pairs sharing similar underlying strategies. Consult a tax professional before executing loss-harvesting strategies across this fund family.

MSTY deep review: MicroStrategy covered-call ETF →

Weekly Doesn’t Mean Better — An Editorial Position

The October 2025 transition is frequently described in income-investor communities as an improvement. The argument: “More frequent distributions = faster compounding.” This framing deserves pushback.

Three things actually changed on October 8, 2025:

Cash cadence, not NAV dynamics: Weekly distributions do not alter the covered-call payoff structure. The same upside cap and downside exposure exists whether the fund distributes monthly or weekly. You are measuring the same NAV risk at a higher frequency.
Compounding potential — conditional: Reinvesting weekly can theoretically compound faster than monthly. But if you are reinvesting into an ETF whose NAV trends downward (a documented pattern in high-distribution covered-call products), faster compounding accelerates the loss, not the gain.
Tax and administrative burden — concrete: In a taxable account, 48–52 1099-DIV events per ticker per year represent real complexity. That complexity is a cost.

The correct takeaway: hold Group 1 and Group 2 if you want a Thursday/Friday cash cadence and have sized the position to reflect both the income goal and the NAV erosion risk. Do not chase Group 3 purely for the Wednesday pay day — three tickers is a narrow selection. And regardless of group, measure performance quarterly against the underlying asset (TSLA for TSLY, NVDA for NVDY, COIN for CONY) to verify that distributions received are not simply being offset by NAV decline.

ETF vs. individual stocks: building a portfolio that works →

How to Verify Current Group Assignments

YieldMax can and does adjust its distribution structure. The October 2025 transition itself is evidence of that. Before acting on any schedule:

yieldmaxetfs.com/distribution-schedule/ — The authoritative group assignment table. Updated when changes occur.
yieldmaxetfs.com/news/ — Weekly distribution declarations with confirmed amounts (published approximately two business days before payment).
Your broker’s dividend calendar — Fidelity, Schwab, and most major platforms project ex-dates from issuer filings. Cross-check this against the YieldMax news page when the amounts matter.

Disclaimer: Group assignments, payment dates, and schedule information in this post reflect data verified at yieldmaxetfs.com on 2026-04-23. YieldMax may adjust its distribution structure at any time. Nothing in this post constitutes investment advice. All investment decisions and their consequences are the sole responsibility of the investor.

Last verified: 2026-04-23 · yieldmaxetfs.com/distribution-schedule/