RDTY ROC moved to 0.00% while LFGY and HOOY moved higher
RDTY paid $0.2443 as its ROC estimate moved to 0.00%. LFGY and HOOY moved into high-ROC classifications in the same cycle.
One row moved out of ROC and two moved in. RDTY was classified at 0.00% ROC this week after 100.00% last week, with a $0.2443 distribution per share. LFGY and HOOY gave the opposite side of the same announcement cycle: LFGY moved from 15.24% ROC to 88.46%, and HOOY moved from 0.00% ROC to 98.27%.
What return of capital means here
These three appear together because the ROC labels moved in opposite directions across the same announcement window. RDTY moved out of a high-ROC classification, while LFGY and HOOY moved into one. ROC stands for Return of Capital. In a weekly distribution notice, it is the issuer's estimate of how the announced cash payment is being classified. It is separate from the distribution per share, which is the cash amount announced for the week. ROC is an issuer estimate and tax classification. It does not automatically mean the fund failed to generate option income — it tells the reader how this week's announced distribution is being classified.
This week's move: RDTY
RDTY is the lead case because the classification move was complete while the cash amount barely changed. The fund paid $0.2443 this week, compared with $0.2408 last week. That is a 1.5% increase from the prior week. The ROC estimate, however, moved from 100.00% to 0.00%. The cash amount and the tax-classification label therefore pointed in different directions. The current notice did not show a lower payout for RDTY, but it did show a completely different ROC label. RDTY's Distribution Rate was 32.87%, and its 30-Day SEC Yield was 0.00%. Those two fields help place the current notice in context, but they do not replace the week-over-week ROC comparison. Distribution Rate is not total return and not a forecast of future payouts. The careful reading is narrow: RDTY's announced weekly cash amount rose slightly, and the issuer's estimated ROC classification moved from full ROC to no ROC.
The other side of the move
LFGY gives the nearest contrast because it also came from the Group 1 notice. Its distribution per share was $0.2434 this week, down from $0.2474 last week. The ROC estimate moved the other way, from 15.24% to 88.46%. In plain English, the cash amount was slightly lower, but most of this week's announced distribution was classified as Return of Capital. That is different from RDTY, where the payout rose slightly and the ROC label moved down to 0.00%. HOOY adds a second comparison from Group 2. It paid $0.6450 this week, up from $0.5504 last week, and its ROC estimate moved from 0.00% to 98.27%. HOOY's Distribution Rate was 105.60%, and its 30-Day SEC Yield was 1.99%. LFGY's Distribution Rate was 55.19%, and its 30-Day SEC Yield was 0.00%. Those context fields are useful, but the main comparison is still the split between cash amount and ROC classification.
Selected distributions
| Ticker | Per share | Dist. rate | 30-day SEC yield | ROC | ROC prior | What it shows |
|---|---|---|---|---|---|---|
| RDTY | $0.2443 | 32.87% | 0.00% | 0.00% | 100.00% | Distribution rose slightly while ROC moved out of a high-ROC classification. |
| LFGY | $0.2434 | 55.19% | 0.00% | 88.46% | 15.24% | Distribution fell slightly while ROC moved into a high-ROC classification. |
| HOOY | $0.6450 | 105.60% | 1.99% | 98.27% | 0.00% | Distribution rose while ROC moved into a high-ROC classification. |
- LFGY (ROC 88.46%): LFGY moved from 15.24% ROC to 88.46% ROC while its distribution per share moved from $0.2474 to $0.2434.
- HOOY (ROC 98.27%): HOOY moved from 0.00% ROC to 98.27% ROC while its distribution per share moved from $0.5504 to $0.6450.
Read the selected table in two steps. First, look at distribution per share to see the cash amount announced for the week. Second, compare last week's ROC with this week's ROC to see how the classification changed. Distribution Rate and 30-Day SEC Yield are context fields only. They should not be read as payout guarantees, and they should not be treated as total-return figures.
How to read these official figures
Distribution per share and ROC are the issuer's official figures. ROC figures are estimates that may be reclassified at tax time. A 0.00% ROC estimate does not turn one weekly notice into a full return analysis. A high ROC estimate also does not, by itself, prove that a fund's option-income process failed. The official notice gives a cash amount and a classification estimate. This format keeps those two fields separate so the reader does not over-read a single weekly row.
What to check next week
When the next official notice is published, compare each fund's new distribution per share with this week's number, then place the new ROC percentage beside this week's ROC percentage. After that, check Distribution Rate and 30-Day SEC Yield as supporting context. This keeps the review focused on the same question each week: how much was announced, and how was that amount classified?
Data scope
This review uses the official YieldMax Group 1 and Group 2 distribution announcements dated June 23 and June 24, 2026, with prior-week figures used for the same funds. The public discussion is limited to RDTY, LFGY, and HOOY. It does not use market news, stock-price moves, or option-income estimates as the explanation for the ROC change. This is a distribution classification review, not investment advice.