Frequently Asked Questions
When are distributions paid?
As of October 14th, 2025, the vast majority of YieldMax ETFs have transitioned to a weekly distribution schedule to provide investors with more frequent income opportunities. Distributions are declared every Tuesday and Wednesday, depending on the ETF group, with corresponding ex/record dates the following day and payment dates occurring on Thursdays or Fridays. The only exception is the YieldMax Target 12™ ETFs, which continue to follow a monthly distribution schedule, declared on the first Tuesday of each month
Where can I find more information about YieldMax ETFs?
Please visit www.YieldMaxETFs.com, where you can find each ETF’s prospectus, historical distributions, standardized performance and more.
What is a YieldMax ETF?
YieldMax ETFs are a family of income-focused ETFs designed to help investors harness market volatility through disciplined, options-based strategies. These funds seek to transform price fluctuations in underlying stocks into opportunities for generating consistent income. YieldMax’s mission is to deliver innovative ETF solutions that empower investors to pursue their financial goals with greater flexibility and control.
Why do the shares outstanding of YieldMax ETFs change so frequently?
Like all other exchange traded open-end funds, there is no limit to the number of shares a YieldMax ETF can issue. New shares can be issued (or retired) daily in accordance with net buying and selling of the ETF. As such, it is normal and expected for the number of shares outstanding of YieldMax ETFs, like those of any other ETF, to change frequently. Please visit and review the investor bulletin on ETFs for more information on how ETFs work. Only authorized participants (“APs”) may engage in creation or redemption transactions directly with an ETF. An ETF has a limited number of institutions that may act as APs and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain an active trading market for the shares.
What is the strategy behind the YieldMax ETFs?
Each YieldMax ETF employs an actively managed options-based strategy. The predominant driver of potential income for this strategy comes from the selling of short-term options.
Which firms are involved in YieldMax ETFs?
The firms that help manage, advise and/or provide services to the YieldMax ETFs collectively have decades of experience in ETF management and options-based strategies. Click here for a partial list of those firms.
What factors can impact the potential income of a YieldMax ETF?
The primary driver of the potential monthly income of a YieldMax ETF is the amount of premium earned selling the short-term options. In turn, the premium generated by these sales is materially impacted by the implied volatility (IV) of the options being sold. Investopedia defines “implied volatility” as follows: The market’s forecast of a likely movement in a security’s price. IV is often used to price options contracts where high implied volatility results in options with higher premiums and vice versa.
What are the principal holdings of a YieldMax ETF?
The holdings of each YieldMax ETF can be found on the ETF’s webpage by scrolling down to “Holdings”.
When are you launching additional YieldMax ETFs?
We are not permitted to disclose the launch dates of any of our planned YieldMax ETFs. Once launched, information about YieldMax ETFs can be found at www.YieldMaxETFs.com.
Are YieldMax ETFs available at my brokerage?
Each brokerage firm independently determines which ETFs are available on its platform. Please contact your broker for more information.
Can I establish a dividend reinvestment plan (DRIP) on my shares of YieldMax ETFs?
Each brokerage firm independently determines which products are eligible for DRIP reinvestment. Please contact your broker for more information.
Where can I find tax information about YieldMax ETFs?
Your brokerage firm is responsible for issuing a Form 1099 for investor tax reporting purposes. Additional tax information is available here.
