Bottom line: TSMY seeks high weekly income by selling calls against exposure to Taiwan Semiconductor (TSM). The semiconductor sector’s volatility can support elevated option premiums, offering income investors a way to monetize TSM’s moves while collecting frequent distributions and retaining some participation in the stock.
It is not a pure TSM equity holding or a low-risk income product. The covered-call strategy caps upside, leaves most downside exposure intact, and can produce NAV erosion over time when high distributions exceed the strategy’s economic return. Payouts fluctuate with implied volatility.
Size any position according to your tolerance for single-stock (and semiconductor-sector) risk rather than the current yield. Review the prospectus, distribution character, and TSM’s fundamentals before adding or removing capital. This is not investment advice.
Distribution History for TSMY
| Month | Distributions | No. of shares | Net Distribution / share |
|---|---|---|---|
| September 2025 | $47.00 | 128 | $0.3672 |
| August 2025 | $117.62 | 128 | $0.9189 |
| July 2025 | $78.67 | 128 | $0.6146 |
| June 2025 | $110.49 | 128 | $0.8632 |
| May 2025 | $79.08 | 105 | $0.7531 |
| April 2025 | $56.55 | 105 | $0.5386 |
| March 2025 | $57.92 | 105 | $0.5516 |
| February 2025 | $50.17 | 88 | $0.5701 |
| January 2025 | $17.00 | 31 | $0.5484 |
| December 2024 | $22.86 | 40 | $0.5715 |
| Grand Total: | $1,872.00 | 8,934 | $0.2095 |
ETF Investment Summary
| Investment | Shares | Distributions | Purchase price / share | Real price / share | Market price / share |
|---|---|---|---|---|---|
| $3,971.05 | 253 | $1,872.00 | $17.33 | $15.70 | $14.71 |
Notes:
• Investment = Current Adjusted Cost Basis (after accounting for sells and distributions)
• Purchase price / share = Historical average price of all shares ever bought
• Real price / share = Current adjusted cost basis per remaining share (after distributions reduce basis)
• Market price / share = Latest market price of the ETF
Personal Chart – Real Price vs Real Price + Cumulative Distributions
Blue line = Real Price per share (cost basis after buys, sells & distributions)
Red line = Real Price + Cumulative Net Distributions received so far
Purple line = Cumulative Realised Capital Gains from sales
Green bars = Number of shares held at month-end
When the green bars drop to zero, the blue/red lines also go to zero (full exit of the position).