CHPY deep-dive: the semiconductor income play most investors misunderstand

Running the PLAN framework on the YieldMax chip sector covered call ETF — what's actually inside it, what the real risk is, and exactly what I hold.

Quick confession before I start: when I first added CHPY to my portfolio, I thought the “CH” stood for China. It does not. CHPY is a YieldMax fund — specifically a Tidal Trust II YieldMax fund — built entirely on US-listed semiconductor and chip-adjacent companies. No China exposure. No FXI. Pure semiconductor sector income with a call spread overlay.

Once I pulled the actual holdings and understood what I owned, I liked it even more. Let me walk you through it using the PLAN framework — and then show you exactly what I hold and why.

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