YieldMax U.S. Stocks Target Double Distribution ETF
DDDD seeks to provide double the distribution yield of the Schwab U.S. Dividend Equity ETF (SCHD) and is designed for investors who strive for enhanced income from a high-quality dividend equity allocation without fully sacrificing equity exposure.
Risk Disclosure: Investing in the Fund involves a high degree of risk. The Double Distribution Target is not a guarantee and does not represent a yield or total return target. Distributions may include return of capital (ROC), which can reduce NAV over time. Upside may be limited due to options strategies.
Important: NONE OF THE FUND, THE TRUST, OR TIDAL INVESTMENTS LLC (THE “ADVISER”) IS AFFILIATED, CONNECTED, OR ASSOCIATED WITH ANY UNDERLYING ISSUER.
Why choose this fund?
Income Amplification
Designed to potentially deliver approximately double the annualized distribution yield of the Schwab U.S. Dividend Equity ETF (SCHD).
Value Diversification
Built on a core allocation to dividend-paying companies screened for financial strength via the Dow Jones U.S. Dividend 100 Index.
Upside Participation
Seeks SCHD’s capital appreciation through its core equity exposure.
Distribution Information
* The most recent distribution on contains — return of capital and income. The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing the Fund’s most recent distribution and dividing the resulting amount by the Fund’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.
** The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the Fund over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period.
The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, from the Fund. In particular, future distributions from the Fund may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution from the Fund. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
Previous distributions have included a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Please refer to the 19a-1 notices at here for additional details regarding the distributions’ composition, once available.
Performance
As of 3/31/2026
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (03/11/2026) | Since Inception Annualized (03/11/2026) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | — | — | — | — | — | — | — | — | -0.31% | — |
| NAV | — | — | — | — | — | — | — | — | -0.23% | — |
| S&P 500 (TR) | — | — | — | — | — | — | — | — | -3.59% | — |
As of 3/31/2026
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (03/11/2026) | Since Inception Annualized (03/11/2026) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | — | — | — | — | — | — | — | — | -0.31% | — |
| NAV | — | — | — | — | — | — | — | — | -0.23% | — |
| S&P 500 (TR) | — | — | — | — | — | — | — | — | -3.59% | nan% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (866) 864-3968.
Short term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, quarterly. There is no guarantee these distributions will be made.
Fund Overview
The YieldMax® U.S. Stocks Target Double Distribution ETF (DDDD) combines passive dividend equity exposure through long positions in the constituents of SCHD—which tracks the Dow Jones U.S. Dividend 100 Index of high-quality U.S. companies with strong fundamentals and consistent dividend history—with an actively managed options overlay that sells (writes) options on a select subset of SCHD holdings (including SCHD itself and its largest constituents) seeking to generate premium income. The strategy primarily employs credit spreads, with flexibility to employ for diagonal spreads, calendar spreads, collars, and cash-secured puts to capitalize on market volatility.
Investment Objective
The Fund’s primary investment objective is to seek current income targeting double the distribution yield of SCHD. The Fund’s secondary investment objective is to seek capital appreciation through investments linked to SCHD and the Dow Jones U.S. Dividend 100 Index. Distributions are not guaranteed and may vary over time.
Fund Details
As of 2/28/2026
*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.
As of 04/20/2026
*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Distributions
For YieldMax ETFs Distribution Schedules, click here.
| DISTRIBUTION PER SHARE | DECLARED DATE | EX DATE | RECORD DATE | PAYABLE DATE | ROC |
|---|---|---|---|---|---|
| — | — | — | — | — | — |
ROC stands for Return of Capital
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing the Fund’s most recent distribution and dividing the resulting amount by the Fund’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the Fund over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. Distributions are not guaranteed.
The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, from the Fund. In particular, future distributions from the Fund may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution from the Fund. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Top 10 Holdings
As of 04/21/2026
Holdings are subject to change.
| SECURITY NAME | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|
| Schwab US Dividend Equity ETF | 808524797 | 16,917.00 | 524,934.51 | 3,891,537.50 | 13.49% |
| Texas Instruments Inc | 882508104 | 783.00 | 182,987.10 | 3,891,537.50 | 4.70% |
| UnitedHealth Group Inc | 91324P102 | 542.00 | 175,326.16 | 3,891,537.50 | 4.51% |
| Chevron Corp | 166764100 | 853.00 | 156,312.25 | 3,891,537.50 | 4.02% |
| Merck & Co Inc | 58933Y105 | 1,320.00 | 154,572.00 | 3,891,537.50 | 3.97% |
| Coca-Cola Co/The | 191216100 | 2,032.00 | 153,375.36 | 3,891,537.50 | 3.94% |
| PepsiCo Inc | 713448108 | 968.00 | 151,966.32 | 3,891,537.50 | 3.91% |
| Home Depot Inc/The | 437076102 | 430.00 | 150,925.70 | 3,891,537.50 | 3.88% |
| QUALCOMM Inc | 747525103 | 1,088.00 | 149,621.76 | 3,891,537.50 | 3.84% |
| Amgen Inc | 031162100 | 418.00 | 146,366.88 | 3,891,537.50 | 3.76% |
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