MEMY vs YLDE

MEMYFTuttle Capital Meme Stock Income Blast ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

MEMY Most premium-income ETFs sell calls on blue chips. MEMY works the other side of the tape: actively managed exposure to stocks tagged as meme names, with put-credit spreads written on them to generate the income.

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

MEMY The Fund seeks current income and secondary exposure to selected securities commonly characterized as meme stocks. It is actively managed, invests at least 80% of net assets in those securities, and uses put-credit spreads to generate shareholder income.

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

• MEMY The income engine is a put-credit spread, a defined-risk trade: premium comes in up front, and the long put leg caps how far a single spread can lose.
• One wrapper, two jobs: at least 80% of net assets in securities characterized as meme stocks, plus an actively run options overlay on top.
• Payouts run on a monthly cadence, though the prospectus only commits to distributing at least annually.

• YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
• 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
• Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
• Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

• MEMY At 0.99% a year it sits above the median for options-income funds, and well above top-ranked peers like PAPI (0.29%) and DIVO (0.56%).
• A small, thinly traded fund since its 2026 launch, which tends to mean wider bid-ask spreads than a mega-fund in the same category.
• The trade-off in a put-credit spread: upside is limited to the premium collected, while the short leg takes losses if a meme name falls through its strike.

• YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
• Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
• A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full MEMY profile⁠

Full YLDE profile⁠