YieldMax HOOD Option Income Strategy ETF
The Fund does not invest directly in HOOD.
Investing in the fund involves a high degree of risk.
Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security HOOD, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.
The Fund’s strategy will cap its potential gains if HOOD shares increase in value. The Fund’s strategy is subject to all potential losses if HOOD shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investors.
Why choose this fund?
Weekly Income Potential
The fund is designed to provide investors with the potential opportunity for consistent weekly income through a covered call option strategy.
Long Exposure with Income
Investors gain exposure to Robinhood Markets Inc (HOOD) while also seeking current income.
Balanced Approach
The strategy seeks to provide income while still offering participation in the share price gains of HOOD.
Distribution Information
* The most recent distribution on 11/05/2025 contains 99.35% return of capital and 0.65% 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 10/31/2025
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (05/07/2025) | Since Inception Annualized (05/07/2025) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 25.67% | 38.10% | — | — | — | — | — | — | 118.01% | — |
| NAV | 26.56% | 39.41% | — | — | — | — | — | — | 120.38% | — |
| S&P 500 TR | 3.65% | 8.12% | — | — | — | — | — | — | 19.43% | — |
As of 9/30/2025
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (05/07/2025) | Since Inception Annualized (05/07/2025) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 25.67% | 38.10% | — | — | — | — | — | — | 118.01% | — |
| NAV | 26.56% | 39.41% | — | — | — | — | — | — | 120.38% | — |
| S&P 500 TR | 3.65% | 8.12% | — | — | — | — | — | — | 19.43% | — |
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, weekly. There is no guarantee these distributions will be made.
Fund Overview
The YieldMax HOOD Option Income Strategy ETF (HOOY) is an actively managed exchange-traded fund that seeks to generate weekly income by selling call options or call spreads on HOOD. The strategy is designed to capture option premiums while providing participation in the share price appreciation of HOOD.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the share price of the common stock of Robinhood Markets Inc (HOOD). Distributions are not guaranteed and may vary.
Fund Details
As of 10/31/2025
*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 11/07/2025
*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 |
|---|---|---|---|---|---|
| $1.2566 | 11/05/2025 | 11/06/2025 | 11/06/2025 | 11/07/2025 | 99.35% |
| $1.3433 | 10/29/2025 | 10/30/2025 | 10/30/2025 | 10/31/2025 | 98.38% |
| $0.7304 | 10/22/2025 | 10/23/2025 | 10/23/2025 | 10/24/2025 | 0.00% |
| $5.9472 | 10/15/2025 | 10/16/2025 | 10/16/2025 | 10/17/2025 | 0.00% |
| $3.8639 | 09/17/2025 | 09/18/2025 | 09/18/2025 | 09/19/2025 | 96.11% |
| $3.8564 | 08/20/2025 | 08/21/2025 | 08/21/2025 | 08/22/2025 | 0.00% |
| $6.8981 | 07/23/2025 | 07/24/2025 | 07/24/2025 | 07/25/2025 | 100.00% |
| $6.5030 | 06/25/2025 | 06/26/2025 | 06/26/2025 | 06/27/2025 | 99.92% |
| $3.3036 | 05/28/2025 | 05/29/2025 | 05/29/2025 | 05/30/2025 | 99.33% |
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 11/10/2025
Holdings are subject to change.
| SECURITY NAME | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|
| Cash & Other | Cash&Other | 104,200,410.59 | 104,200,410.59 | 230,652,090 | 45.18% |
| United States Treasury Bill 02/19/2026 | 912797PM3 | 37,259,000.00 | 36,874,269.15 | 230,652,090 | 15.99% |
| United States Treasury Bill 06/11/2026 | 912797QX8 | 37,124,000.00 | 36,355,267.76 | 230,652,090 | 15.76% |
| United States Treasury Bill 07/09/2026 | 912797RF6 | 35,496,000.00 | 34,666,851.42 | 230,652,090 | 15.03% |
| United States Treasury Note/Bond 3.875% 01/15/2026 | 91282CGE5 | 18,376,000.00 | 18,376,110.62 | 230,652,090 | 7.97% |
| United States Treasury Bill 08/06/2026 | 912797RG4 | 17,477,000.00 | 17,018,654.66 | 230,652,090 | 7.38% |
| HOOD US 12/19/25 C145 | HOOD 251219C00145000 | 17,750.00 | 11,803,750.00 | 230,652,090 | 5.12% |
| First American Government Obligations Fund 12/01/2031 | 31846V336 | 5,977,922.60 | 5,977,922.60 | 230,652,090 | 2.59% |
| United States Treasury Bill 04/09/2026 | 912797SL2 | 5,279,000.00 | 5,198,326.96 | 230,652,090 | 2.25% |
| HOOD US 11/14/25 C139 | HOOD 251114C00139000 | 3,630.00 | 666,105.00 | 230,652,090 | 0.29% |
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