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MRNY

YieldMax MRNA Option Income Strategy ETF

The YieldMax® MRNA Option Income Strategy ETF (MRNY) is an actively managed ETF designed to generate weekly income by selling call spreads on Moderna Inc (MRNA). By writing call spreads, MRNY seeks to systematically harvest option premiums from MRNA’s volatility, striving to turn it into a weekly income stream while still maintaining participation in MRNA’s share price appreciation. MRNY offers a compelling way to potentially collect income and stay long MRNA.

70.14%

Distribution Rate*

2.75%

30-Day SEC Yield**

As of: 06/11/2026

The Fund does not invest directly in MRNA.
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 MRNA, 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 MRNA shares increase in value. The Fund’s strategy is subject to all potential losses if MRNA shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investors.

* The most recent distribution on 06/11/2026 contains 96.08% estimated return of capital and 3.92% 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

Inception Date: 10/23/2023
As of: 5/31/2026

Fund Ticker1 Month3 Month6 MonthYTD1 Year3 Year5 Year10 YearSince Inception Cumulative (10/23/2023)Since Inception Annualized (10/23/2023)
MKT3.96%-7.00%54.74%47.86%48.93%———-53.50%-25.46%
NAV3.56%-6.18%54.64%44.97%47.67%———-53.53%-25.48%
S&P 500 TR5.26%10.52%11.34%11.27%29.78%———86.09%26.92%

As of 3/31/2026

Fund Ticker1 Month3 Month6 MonthYTD1 Year3 Year5 Year10 YearSince Inception Cumulative (10/23/2023)Since Inception Annualized (10/23/2023)
MKT-0.98%57.45%65.01%57.45%50.57%———-50.70%-25.18%
NAV-0.52%53.72%66.41%53.72%51.37%———-50.73%-25.20%
S&P 500 (TR)-4.98%-4.33%-1.79%-4.33%17.80%———60.00%21.26%
S&P 500 TR-4.98%———————-5.42%—

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.

Why choose this fund?

1

Weekly Income Potential
The fund is designed to provide investors with the potential opportunity for consistent weekly income through a call spread writing strategy.

2

Long Exposure with Income
Investors gain exposure to Moderna Inc (MRNA) while also seeking current income.

3

Balanced Approach
The strategy seeks to provide income while still offering participation in the share price gains of MRNA.

Fund Details

Fund Inception:
10/23/2023
Ticker:
MRNY
Primary Exchange:
NYSE Arca
CUSIP:
88634T469
Gross Expense Ratio:
0.99%
30-Day SEC Yield:*
2.75%

As of 5/31/2026

*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.

Net Assets:
$85.42M
NAV:
$15.52
Shares Outstanding:
5,504,974
Premium/Discount Percentage
-0.88%
Closing Price:
$15.38
Median 30-Day Spread*:
0.37%

As of 06/11/2026

*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 SHAREDECLARED DATEEX DATERECORD DATEPAYABLE DATEROC
$0.206106/10/202606/11/202606/11/202606/12/202696.08%
$0.210606/03/202606/04/202606/04/202606/05/20260.00%
$0.235705/27/202605/28/202605/28/202605/29/202648.55%
$0.183805/20/202605/21/202605/21/202605/22/20260.00%
$0.238705/13/202605/14/202605/14/202605/15/202696.49%
$0.155105/06/202605/07/202605/07/202605/08/20260.00%
$0.217604/29/202604/30/202604/30/202605/01/20260.00%
$0.258404/22/202604/23/202604/23/202604/24/202695.54%
$0.263204/15/202604/16/202604/16/202604/17/202696.56%
$0.260404/08/202604/09/202604/09/202604/10/20260.00%
$0.275104/01/202604/02/202604/02/202604/06/20260.00%
$0.272403/25/202603/26/202603/26/202603/27/20260.00%
$0.380503/18/202603/19/202603/19/202603/20/202697.72%
$0.390603/11/202603/12/202603/12/202603/13/202611.56%
$0.383303/04/202603/05/202603/05/202603/06/202698.10%
$0.378102/25/202602/26/202602/26/202602/27/202697.30%
$0.317402/18/202602/19/202602/19/202602/20/202696.60%
$0.347302/11/202602/12/202602/12/202602/13/202612.52%
$0.266202/04/202602/05/202602/05/202602/06/20260.00%
$0.479101/28/202601/29/202601/29/202601/30/202697.87%
$0.373701/21/202601/22/202601/22/202601/23/202698.42%
$0.247701/14/202601/15/202601/15/202601/16/20260.00%
$0.176501/07/202601/08/202601/08/202601/09/202610.47%
$0.160112/31/202501/02/202601/02/202601/05/20260.00%
$0.392712/24/202512/26/202512/26/202512/29/2025100.00%
$0.222612/17/202512/18/202512/18/202512/19/202597.38%
$0.230012/10/202512/11/202512/11/202512/12/202596.02%
$0.277212/03/202512/04/202512/04/202512/05/2025nan%
$0.277212/03/202512/04/202512/04/202512/05/2025100.00%
$0.023211/26/202511/28/202511/28/202512/01/20258.22%
$0.023211/26/202511/28/202511/28/202512/01/2025nan%
$0.025011/19/202511/20/202511/20/202511/21/202537.63%
$0.025011/19/202511/20/202511/20/202511/21/2025nan%
$0.025811/12/202511/13/202511/13/202511/14/20250.00%
$0.025811/12/202511/13/202511/13/202511/14/2025nan%
$0.021911/05/202511/06/202511/06/202511/07/202598.30%
$0.021911/05/202511/06/202511/06/202511/07/2025nan%
$0.031510/29/202510/30/202510/30/202510/31/202520.42%
$0.031510/29/202510/30/202510/30/202510/31/2025nan%
$0.023410/22/202510/23/202510/23/202510/24/2025nan%
$0.023410/22/202510/23/202510/23/202510/24/20250.00%
$0.022110/15/202510/16/202510/16/202510/17/2025nan%
$0.022110/15/202510/16/202510/16/202510/17/20250.00%
$0.115010/08/202510/09/202510/09/202510/10/2025nan%
$0.115010/08/202510/09/202510/09/202510/10/202596.30%
$0.075709/10/202509/11/202509/11/202509/12/202589.23%
$0.075709/10/202509/11/202509/11/202509/12/2025nan%
$0.094608/13/202508/14/202508/14/202508/15/202584.86%
$0.094608/13/202508/14/202508/14/202508/15/2025nan%
$0.200407/16/202507/17/202507/17/202507/18/20250.00%
$0.200407/16/202507/17/202507/17/202507/18/2025nan%
$0.190006/18/202506/20/202506/20/202506/23/2025nan%
$0.190006/18/202506/20/202506/20/202506/23/202597.17%
$0.121505/21/202505/22/202505/22/202505/23/20250.00%
$0.121505/21/202505/22/202505/22/202505/23/2025nan%
$0.126104/23/202504/24/202504/24/202504/25/20250.00%
$0.126104/23/202504/24/202504/24/202504/25/2025nan%
$0.182703/26/202503/27/202503/27/202503/28/2025nan%
$0.182703/26/202503/27/202503/27/202503/28/2025nan%
$0.230802/26/202502/27/202502/27/202502/28/2025nan%
$0.230802/26/202502/27/202502/27/202502/28/2025nan%
$0.273001/29/202501/30/202501/30/202501/31/2025nan%
$0.273001/29/202501/30/202501/30/202501/31/2025nan%
$0.250901/02/202501/03/202501/03/202501/06/2025nan%
$0.250901/02/202501/03/202501/03/202501/06/2025nan%
$0.222412/04/202412/05/202412/05/202412/06/2024nan%
$0.222412/04/202412/05/202412/05/202412/06/2024nan%
$0.401211/06/202411/07/202411/07/202411/08/2024nan%
$0.401211/06/202411/07/202411/07/202411/08/2024nan%
$0.376210/08/202410/10/202410/10/202410/11/2024nan%
$0.376210/08/202410/10/202410/10/202410/11/2024nan%
$0.478909/05/202409/06/202409/06/202409/09/2024nan%
$0.478909/05/202409/06/202409/06/202409/09/2024nan%
$0.465708/06/202408/07/202408/07/202408/08/2024nan%
$0.465708/06/202408/07/202408/07/202408/08/2024nan%
$0.489707/03/202407/05/202407/05/202407/08/2024nan%
$0.489707/03/202407/05/202407/05/202407/08/2024nan%
$0.844706/05/202406/06/202406/06/202406/07/2024nan%
$0.844706/05/202406/06/202406/06/202406/07/2024nan%
$0.947205/03/202405/06/202405/07/202405/08/2024nan%
$0.947205/03/202405/06/202405/07/202405/08/2024nan%
$0.783204/03/202404/04/202404/05/202404/08/2024nan%
$0.783204/03/202404/04/202404/05/202404/08/2024nan%
$1.131003/05/202403/06/202403/07/202403/08/2024nan%
$1.131003/05/202403/06/202403/07/202403/08/2024nan%
$0.594402/06/202402/07/202402/08/202402/09/2024nan%
$0.594402/06/202402/07/202402/08/202402/09/2024nan%
$2.654201/04/202401/05/202401/08/202401/09/2024nan%
$2.654201/04/202401/05/202401/08/202401/09/2024nan%
$0.413012/06/202312/07/202312/08/202312/13/2023nan%
$0.413012/06/202312/07/202312/08/202312/13/2023nan%

*ROC refers to Return of Capital. The figures shown in the table above are estimates and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Please refer to the 19a-1 notices here for additional details regarding the distributions’ composition, once available.

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. 

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Top 10 Holdings

As of 06/12/2026
Holdings are subject to change.

Intra-Day Trades Download
Download Holdings
SECURITY NAMETICKERCUSIPSHARESMARKET VALUENET ASSETSWEIGHTINGS
United States Treasury Bill 07/09/2026912797RF6912797RF623,782,000.0023,717,877.7885,422,333.0527.77%
United States Treasury Bill 08/06/2026912797RG4912797RG419,515,000.0019,407,481.1385,422,333.0522.72%
United States Treasury Bill 12/10/2026912797VG9912797VG919,120,000.0018,766,838.3085,422,333.0521.97%
United States Treasury Bill 09/03/2026912797RS8912797RS810,605,000.0010,516,428.3185,422,333.0512.31%
United States Treasury Bill 10/15/2026912797UK1912797UK110,602,000.0010,467,757.0585,422,333.0512.25%
MRNA US 07/17/26 C50MRNA 260717C00050000MRNA 260717C0005000017,610.007,748,400.0085,422,333.059.07%
Cash & OtherCash&OtherCash&Other2,923,626.622,923,626.6285,422,333.053.42%
First American Government Obligations Fund 12/01/2031FGXXX31846V3362,252,434.772,252,434.7785,422,333.052.64%
MRNA US 06/18/26 C51MRNA 260618C00051000MRNA 260618C000510005,000.00767,500.0085,422,333.050.90%
MRNA US 06/18/26 C52MRNA 260618C00052000MRNA 260618C000520005,955.00753,307.5085,422,333.050.88%

Fund Documents

Annual Report
Supplemental Tax
Proxy Votes
Annual Tailored Shareholder Report

Purchase

The Fund (MRNY) is available through various channels including via phone (866) 864-3968, broker-dealers, investment advisers, and other financial services firms, including:
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