YieldMax Magnificent 7 Fund of Option Income ETF
The Fund is a “fund of funds,” meaning that it will primarily invest its assets in seven YieldMax ETFs. The Fund’s name refers to its strategy of gaining exposure to the common stocks of seven companies*, which together are commonly referred to as the “Magnificent 7”.
* Magnificent 7 Companies: Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc. (GOOGL), Meta Platforms, Inc. (FBY), Microsoft Corporation (MSFT), NVIDIA Corporation (NVDA) and Tesla, Inc. (TSLA).
The portfolio will be reallocated on a monthly basis so that each of the seven YieldMax ETFs held in the Fund’s portfolio is equally weighted.
Investing in the fund involves a high degree of risk. Due to the investment strategies of the Underlying YieldMax ETFs, the Fund’s indirect exposure to gains, if any, of the share price returns of the Underlying Securities is capped. However, the Fund is subject to all potential losses if the shares of the Underlying Securities decrease in value, which may not be offset by income received by the Fund.
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?
Weekly Income Potential
The fund is designed to provide investors with the potential opportunity for consistent weekly income by investing in YieldMax option income ETFs.
Concentrated Tech Exposure
YMAG focuses on YieldMax ETFs tied to the “Magnificient 7” companies including AAPL, MSFT, GOOGL, AMZN, META, TSLA, and NVDA.
Convenient Access
Investors can access the YieldMax strategies associated with the Magnificient 7 companies through a single investment.
Distribution Information
* The most recent distribution on 11/04/2025 contains 59.28% return of capital and 40.72% 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 (01/29/2024) | Since Inception Annualized (01/29/2024) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 6.54% | 14.48% | 33.89% | 15.14% | 27.87% | — | — | — | 56.03% | 30.50% |
| NAV | 6.32% | 14.14% | 33.63% | 15.20% | 27.85% | — | — | — | 55.83% | 30.40% |
| S&P 500 TR | 3.65% | 8.12% | 19.96% | 14.83% | 17.60% | — | — | — | 38.85% | 21.70% |
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 (01/29/2024) | Since Inception Annualized (01/29/2024) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | 6.54% | 14.48% | 33.89% | 15.14% | 27.87% | — | — | — | 56.03% | 30.50% |
| NAV | 6.32% | 14.14% | 33.63% | 15.20% | 27.85% | — | — | — | 55.83% | 30.40% |
| S&P 500 TR | 3.65% | 8.12% | 19.96% | 14.83% | 17.60% | — | — | — | 38.85% | 21.70% |
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 Magnificent 7 fund of Option Income ETFs (YMAG) is an actively managed exchange-trade fund that seeks to generate current income. As a “fund of funds,” YMAG primarily invests in YieldMax option income ETFs that provide exposure to the so-called “Magnificent 7” companies. Each underlying YieldMax ETF seeks to generate income while offering exposure to the share price of its respective company.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to provide concentrated exposure to YieldMax option income ETFs tied to the Magnificent 7 companies. Distributions are not guaranteed and may vary over time.
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 |
|---|---|---|---|---|---|
| $0.1319 | 11/04/2025 | 11/05/2025 | 11/05/2025 | 11/06/2025 | 59.28% |
| $0.1346 | 10/28/2025 | 10/29/2025 | 10/29/2025 | 10/30/2025 | 54.85% |
| $0.2167 | 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/23/2025 | 59.21% |
| $0.2009 | 10/14/2025 | 10/15/2025 | 10/15/2025 | 10/16/2025 | 83.05% |
| $0.2090 | 10/08/2025 | 10/09/2025 | 10/09/2025 | 10/10/2025 | 0.00% |
| $0.0989 | 10/01/2025 | 10/02/2025 | 10/02/2025 | 10/03/2025 | 9.89% |
| $0.1523 | 09/24/2025 | 09/25/2025 | 09/25/2025 | 09/26/2025 | 94.20% |
| $0.1396 | 09/17/2025 | 09/18/2025 | 09/18/2025 | 09/19/2025 | 13.60% |
| $0.1427 | 09/10/2025 | 09/11/2025 | 09/11/2025 | 09/12/2025 | 93.71% |
| $0.0829 | 09/03/2025 | 09/04/2025 | 09/04/2025 | 09/05/2025 | 71.55% |
| $0.1180 | 08/27/2025 | 08/28/2025 | 08/28/2025 | 08/29/2025 | 95.90% |
| $0.1486 | 08/20/2025 | 08/21/2025 | 08/21/2025 | 08/22/2025 | 7.73% |
| $0.1617 | 08/13/2025 | 08/14/2025 | 08/14/2025 | 08/15/2025 | 47.97% |
| $0.0798 | 08/06/2025 | 08/07/2025 | 08/07/2025 | 08/08/2025 | 0.00% |
| $0.0750 | 07/30/2025 | 07/31/2025 | 07/31/2025 | 08/01/2025 | 0.00% |
| $0.2033 | 07/23/2025 | 07/24/2025 | 07/24/2025 | 07/25/2025 | 42.42% |
| $0.1515 | 07/16/2025 | 07/17/2025 | 07/17/2025 | 07/18/2025 | 50.61% |
| $0.1263 | 07/09/2025 | 07/10/2025 | 07/10/2025 | 07/11/2025 | 90.54% |
| $0.0554 | 07/02/2025 | 07/03/2025 | 07/03/2025 | 07/07/2025 | 77.84% |
| $0.1574 | 06/25/2025 | 06/26/2025 | 06/26/2025 | 06/27/2025 | 94.21% |
| $0.1691 | 06/18/2025 | 06/20/2025 | 06/20/2025 | 06/23/2025 | 92.24% |
| $0.1709 | 06/11/2025 | 06/12/2025 | 06/12/2025 | 06/13/2025 | 94.20% |
| $0.2089 | 06/04/2025 | 06/05/2025 | 06/05/2025 | 06/06/2025 | 97.56% |
| $0.2929 | 05/28/2025 | 05/29/2025 | 05/29/2025 | 05/30/2025 | 96.58% |
| $0.2595 | 05/21/2025 | 05/22/2025 | 05/22/2025 | 05/23/2025 | 94.22% |
| $0.1998 | 05/14/2025 | 05/15/2025 | 05/15/2025 | 05/16/2025 | 94.77% |
| $0.1059 | 05/07/2025 | 05/08/2025 | 05/08/2025 | 05/09/2025 | 94.72% |
| $0.1010 | 04/30/2025 | 05/01/2025 | 05/01/2025 | 05/02/2025 | 79.99% |
| $0.0924 | 04/23/2025 | 04/24/2025 | 04/24/2025 | 04/25/2025 | 87.58% |
| $0.0943 | 04/16/2025 | 04/17/2025 | 04/17/2025 | 04/21/2025 | — |
| $0.0973 | 04/09/2025 | 04/10/2025 | 04/10/2025 | 04/11/2025 | — |
| $0.0971 | 04/02/2025 | 04/03/2025 | 04/03/2025 | 04/04/2025 | — |
| $0.0837 | 03/26/2025 | 03/27/2025 | 03/27/2025 | 03/28/2025 | — |
| $0.0850 | 03/19/2025 | 03/20/2025 | 03/20/2025 | 03/21/2025 | — |
| $0.1445 | 03/12/2025 | 03/13/2025 | 03/13/2025 | 03/14/2025 | — |
| $0.1514 | 03/05/2025 | 03/06/2025 | 03/06/2025 | 03/07/2025 | — |
| $0.1760 | 02/26/2025 | 02/27/2025 | 02/27/2025 | 02/28/2025 | — |
| $0.1369 | 02/19/2025 | 02/20/2025 | 02/20/2025 | 02/21/2025 | — |
| $0.0509 | 02/12/2025 | 02/13/2025 | 02/13/2025 | 02/14/2025 | — |
| $0.1862 | 02/05/2025 | 02/06/2025 | 02/06/2025 | 02/07/2025 | — |
| $0.1898 | 01/29/2025 | 01/30/2025 | 01/30/2025 | 01/31/2025 | — |
| $0.1002 | 01/22/2025 | 01/23/2025 | 01/23/2025 | 01/24/2025 | — |
| $0.0500 | 01/15/2025 | 01/16/2025 | 01/16/2025 | 01/17/2025 | — |
| $0.1578 | 01/07/2025 | 01/08/2025 | 01/08/2025 | 01/10/2025 | — |
| $0.3102 | 01/02/2025 | 01/03/2025 | 01/03/2025 | 01/06/2025 | — |
| $0.1742 | 12/26/2024 | 12/27/2024 | 12/27/2024 | 12/30/2024 | — |
| $0.0592 | 12/18/2024 | 12/19/2024 | 12/19/2024 | 12/20/2024 | — |
| $0.1680 | 12/11/2024 | 12/12/2024 | 12/12/2024 | 12/13/2024 | — |
| $0.2770 | 12/04/2024 | 12/05/2024 | 12/05/2024 | 12/06/2024 | — |
| $0.2029 | 11/27/2024 | 11/29/2024 | 11/29/2024 | 12/02/2024 | — |
| $0.0606 | 11/20/2024 | 11/21/2024 | 11/21/2024 | 11/22/2024 | — |
| $0.2104 | 11/13/2024 | 11/14/2024 | 11/14/2024 | 11/15/2024 | — |
| $0.2065 | 11/06/2024 | 11/07/2024 | 11/07/2024 | 11/08/2024 | — |
| $0.1528 | 10/30/2024 | 10/31/2024 | 10/31/2024 | 11/01/2024 | — |
| $0.0545 | 10/23/2024 | 10/24/2024 | 10/24/2024 | 10/25/2024 | — |
| $0.2261 | 10/16/2024 | 10/17/2024 | 10/17/2024 | 10/18/2024 | — |
| $0.2823 | 10/09/2024 | 10/10/2024 | 10/10/2024 | 10/11/2024 | — |
| $0.1644 | 10/02/2024 | 10/03/2024 | 10/03/2024 | 10/04/2024 | — |
| $0.1701 | 09/25/2024 | 09/26/2024 | 09/26/2024 | 09/27/2024 | — |
| $0.1979 | 09/18/2024 | 09/19/2024 | 09/19/2024 | 09/20/2024 | — |
| $0.5761 | 08/13/2024 | 08/15/2024 | 08/15/2024 | 08/16/2024 | — |
| $0.6365 | 07/16/2024 | 07/17/2024 | 07/17/2024 | 07/18/2024 | — |
| $0.6773 | 06/13/2024 | 06/14/2024 | 06/14/2024 | 06/17/2024 | — |
| $0.6369 | 05/14/2024 | 05/15/2024 | 05/16/2024 | 05/17/2024 | — |
| $0.6226 | 04/16/2024 | 04/17/2024 | 04/18/2024 | 04/19/2024 | — |
| $0.5920 | 03/13/2024 | 03/14/2024 | 03/15/2024 | 03/18/2024 | — |
| $0.4306 | 02/14/2024 | 02/15/2024 | 02/16/2024 | 02/20/2024 | — |
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 |
|---|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 88634T790 | 4,725,277.00 | 67,098,933.40 | 454,011,232.50 | 14.78% |
| YieldMax AAPL Option Income Strategy ETF | 88634T857 | 4,755,999.00 | 64,919,386.35 | 454,011,232.50 | 14.30% |
| YieldMax NVDA Option Income Strategy ETF | 88634T774 | 4,164,564.00 | 63,842,766.12 | 454,011,232.50 | 14.06% |
| YieldMax MSFT Option Income Strategy ETF | 88634T428 | 3,815,857.00 | 62,847,164.79 | 454,011,232.50 | 13.84% |
| Yieldmax Tsla Option Income ETF | 88636J444 | 7,797,577.50 | 62,302,644.23 | 454,011,232.50 | 13.72% |
| Yieldmax Meta Option Income Strategy ETF | 88634T816 | 4,300,761.00 | 55,651,847.34 | 454,011,232.50 | 12.26% |
| First American Government Obligations Fund 12/01/2031 | 31846V336 | 52,797,194.92 | 52,797,194.92 | 454,011,232.50 | 11.63% |
| Cash & Other | Cash&Other | 17,600,922.05 | 17,600,922.05 | 454,011,232.50 | 3.88% |
| AMZN US 11/21/25 C220 | AMZN 251121C00220000 | 3,015.00 | 7,590,262.50 | 454,011,232.50 | 1.67% |
| AMAZON C CLL OPT 11/25 252.500 | AMZN 251114C00252500 | 1,540.00 | 191,730.00 | 454,011,232.50 | 0.04% |
View all our ETFs
YieldMax ETFs are designed to give investors flexible income opportunities in today’s markets. By combining innovative strategies with transparent structures, we aim to deliver consistent current income while helping you stay invested for growth. Explore our lineup of ETFs and discover how YieldMax can be an option for your income needs.
