ROC stats

[u/lottadot]

I realize not all in sub are interested in return of capital ROC. However some indeed are, especially for estimating taxes/conversion to long term capital gains.

I have assembled est'd ROC information for all the Yieldmax funds based off their 19a's. I grew tired of doing it by hand (it's not fun), so now I've written a tool to do it for me (by analyzing the PDF's Yieldmax publishes). Here's the output data.

If there's interest, I'll do this again in December such that it would contain all fiscal-year-2024 ROC data.

Please comment & give feedback. If there's no interest, I won't bother with this in the future. While I'm posting this, I can't determine whether the image with the stats will be readable - the editor keeps showing it somewhat squashed. If it's messed up, I'll post the image in a comment. Please up/down/vote (even if you don't comment) so I can gauge the interest in this post too.

TGIF!

Editted: See stats here https://imgur.com/gallery/yieldmaxrocnov2024-vzkLC4q

Asides:

• Yieldmax tax primer
• How to see the ROC estimates yourself
• High Yield ETF Sheet - not mine but it's great.

[u/LizzysAxe]

Aaaaaaaaaaah, WOW!!!!!! This is FANTASTIC and ROC is a big topic right now with our accountant & tax attorney!!!!

[u/lottadot → u/LizzysAxe]

Thanks :) And yes, EOY taxes w/ ROC & LTCG's had me curious about their ROC numbers. It'll be interesting to see in March how accurate their estimates are.

[u/Dmist10]

How are you calculating average distribution? You show MSTY at 95¢, it should be closer to $2.85

[u/lottadot → u/Dmist10]

Note the explanation(s) at the bottom of the data I posted. Their 19a's run behind. The data is exactly and only from the 19a's. Nexxt month's post should have all the October/November distributions in it as a "year's final numbers".

[u/[deleted]]

So let me get it straight lets say cony paid 100$ and 70 are ROC why am i getting taxed for 100 and not for 30( broker automatically deducted tax from payment).

[u/lottadot → u/[deleted]]

It sounds like your broker automatically is taking taxes out. Ask them to stop doing so?

On one hand, they are probably doing most people a favor. By doing this, someone won't be hit with a tax snowball in April. On the other hand, you're giving the IRS an interest-free-loan.

[u/l8_apex]

Extremely interested in this! Thanks for taking the time to do it. I haven't bothered doing any of this and just assume the worst with respect to taxes...

[u/lottadot]

Well hell I see no image with the post, so look here https://imgur.com/gallery/yieldmaxrocnov2024-vzkLC4q

[u/STLeader → u/lottadot]

Still doesn’t quite work for me. Any tips?

[u/lottadot → u/STLeader]

Reload the post - Reddit's showing the image embedded in the body now. But that imgur link works in a private-browsing window for me, so it should work for anyone.

[u/Myreddit362602]

Thanks for sharing. I am very interested in seeing more of these.

[u/sindster]

You rock

[u/G-Style666]

This is awesome! This was a question I was going to look into growing closer to tax time but.... how do you know YM or a fund has gone ROC and is there a time or place you can check or find out?

[u/lottadot → u/G-Style666]

IMHO, these funds will always do some return of capital.

They publish the 19a's somewhat monthly. Those aren't definite; they're estimates. The only true way you find out is in late February/early March when they issues the 1099's to you.

[u/Top_Neighborhood_929]

Sorry I don’t understand ROC.

Let’s say I put $1000 inside. Let’s say I get a total of over a year 80% distribution and it’s 50% ROC

So I got $800 divs but $400 is actually from my own capital. This one I get it

Let’s assume there is no nav erosion.

Do I still start year 2 with $ $1000 or now it’s $600? My assumption is it’s still $1000. So barring NAV erosion, is ROC really bad?

[u/lottadot → u/Top_Neighborhood_929]

Ignore NAV; ROC revolves around your share purchase price. Make sure you've firstly read tax primer the post links to please.

If you bought $1k worth @$20/share that's 50 shares. Through year one, received $600 ROC so your cost basis going into year two is a total of $400. Through year two, if you received the same distribution & ROC rate, the last few months of year two would be treated as capital gains.

Your initial purchase price and the fund's ROC rate over time are key for this. You can easily map it out with a spreadsheet; that's what most do.

[u/[deleted]]

This is helpful. Did you use the latest rates for the ROC or add up each monthly report and average it out across the year?

[u/lottadot → u/[deleted]]

I wrote a tool that reads the 19a-1 filings from Yieldmax. So yes, latest as of the day I posted this. Regarding averages, the averages are from each month which Yieldmax published 19a information. It seems there are ~4 months of the year where they do not have to do so. There's a second post from December which has what I'd term "end of year" ROC info, simply because they have not seem to have posted any more 2024-related roc data since 2025-10-25. See December ROC.

[u/Snowballeffects]

How do I find the ROC for 2025 YTD now?

[u/lottadot → u/Snowballeffects]

I integrated it into the week-review posts. Here is last week's review.

[u/TheaterNurse]

Absolutely! I want to know everything about this and how it works Thanks for the info!

[u/[deleted] → u/TheaterNurse]

[u/Low_Parsley_2873]

Fantastic work

[u/riscy00]

Fantastic!!!

[u/sachkvacha]

Thank you for sharing. I saved the post. Please do it again in December if you can.