YieldMax Universe Fund of Option Income ETFs
The Fund is a “fund of funds,” meaning that it will primarily invest its assets in certain YieldMax ETFs. The Fund’s portfolio will be reallocated on a monthly basis so that each YieldMax ETF held in the Fund’s portfolio, including any eligible new YieldMax ETF that is added to the 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.
Diversified Exposure
YMAX offers access to a broad mix of YieldMax ETFs, each tied to leading companies and ETFs, all in a single investment.
Simplified Access
Investors can participate in the YieldMax strategies across multiple stocks and ETFs without the need to manage individual positions.
Distribution Information
* The most recent distribution on 03/03/2026 contains 60.98% return of capital and 39.02% 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 2/28/2026
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (01/16/2024) | Since Inception Annualized (01/16/2024) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | -4.33% | -9.00% | -10.89% | -7.39% | 2.84% | — | — | — | 23.92% | 10.66% |
| NAV | -4.44% | -9.06% | -11.21% | -7.50% | 2.46% | — | — | — | 23.62% | 10.53% |
| S&P 500 (TR) | -0.76% | 0.74% | 7.12% | 0.68% | 16.99% | — | — | — | 48.42% | 20.50% |
As of 12/31/2025
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (01/16/2024) | Since Inception Annualized (01/16/2024) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | -1.74% | -7.86% | -2.07% | 6.45% | 6.45% | — | — | — | 33.81% | 16.03% |
| NAV | -1.69% | -8.09% | -2.24% | 6.43% | 6.43% | — | — | — | 33.65% | 15.96% |
| S&P 500 TR | 0.06% | 2.66% | 11.00% | 17.88% | 17.88% | — | — | — | 47.42% | 21.91% |
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 Universe fund of Option Income ETFs (YMAX) is an actively managed exchange-trade fund that seeks to generate current income. As a “fund-of-fund”, YMAX invests in the full suite of YieldMax option income ETFs. Each underlying YieldMax ETF seeks to generate income while offering exposure to the share price of a specific company or ETF.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to provide diversified exposure across multiple YieldMax option income ETFs, each of which is linked to the share price of a specific company or ETF. 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 03/05/2026
*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 |
|---|---|---|---|---|---|
| $0.0805 | 03/03/2026 | 03/04/2026 | 03/04/2026 | 03/05/2026 | 60.98% |
| $0.0719 | 02/24/2026 | 02/25/2026 | 02/25/2026 | 02/26/2026 | 61.93% |
| $0.0778 | 02/17/2026 | 02/18/2026 | 02/18/2026 | 02/19/2026 | 58.54% |
| $0.0743 | 02/10/2026 | 02/11/2026 | 02/11/2026 | 02/12/2026 | 59.48% |
| $0.0821 | 02/03/2026 | 02/04/2026 | 02/04/2026 | 02/05/2026 | 54.42% |
| $0.0830 | 01/27/2026 | 01/28/2026 | 01/28/2026 | 01/29/2026 | 64.35% |
| $0.0824 | 01/20/2026 | 01/21/2026 | 01/21/2026 | 01/22/2026 | 61.09% |
| $0.0816 | 01/13/2026 | 01/14/2026 | 01/14/2026 | 01/15/2026 | 41.70% |
| $0.0880 | 01/06/2026 | 01/07/2026 | 01/07/2026 | 01/08/2026 | 50.79% |
| $0.1060 | 12/30/2025 | 12/31/2025 | 12/31/2025 | 01/02/2026 | 59.11% |
| $0.0944 | 12/23/2025 | 12/24/2025 | 12/24/2025 | 12/26/2025 | 51.13% |
| $0.1235 | 12/16/2025 | 12/17/2025 | 12/17/2025 | 12/18/2025 | 77.30% |
| $0.1142 | 12/09/2025 | 12/10/2025 | 12/10/2025 | 12/11/2025 | 81.25% |
| $0.0964 | 12/02/2025 | 12/03/2025 | 12/04/2025 | 12/04/2025 | 35.40% |
| $0.1012 | 11/25/2025 | 11/26/2025 | 11/26/2025 | 11/28/2025 | 50.80% |
| $0.1301 | 11/18/2025 | 11/19/2025 | 11/19/2025 | 11/20/2025 | 19.10% |
| $0.1506 | 11/11/2025 | 11/12/2025 | 11/12/2025 | 11/13/2025 | 95.71% |
| $0.1743 | 11/04/2025 | 11/05/2025 | 11/05/2025 | 11/06/2025 | 63.57% |
| $0.1939 | 10/28/2025 | 10/29/2025 | 10/29/2025 | 10/30/2025 | 60.79% |
| $0.1573 | 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/23/2025 | 23.51% |
| $0.1743 | 10/14/2025 | 10/15/2025 | 10/15/2025 | 10/16/2025 | 60.55% |
| $0.1470 | 10/08/2025 | 10/09/2025 | 10/09/2025 | 10/10/2025 | 37.40% |
| $0.1399 | 10/01/2025 | 10/02/2025 | 10/02/2025 | 10/03/2025 | 13.99% |
| $0.0821 | 09/24/2025 | 09/25/2025 | 09/25/2025 | 09/26/2025 | 48.73% |
| $0.1289 | 09/17/2025 | 09/18/2025 | 09/18/2025 | 09/19/2025 | 62.67% |
| $0.1321 | 09/10/2025 | 09/11/2025 | 09/11/2025 | 09/12/2025 | 68.84% |
| $0.1094 | 09/03/2025 | 09/04/2025 | 09/04/2025 | 09/05/2025 | 42.00% |
| $0.1372 | 08/27/2025 | 08/28/2025 | 08/28/2025 | 08/29/2025 | 66.75% |
| $0.1622 | 08/20/2025 | 08/21/2025 | 08/21/2025 | 08/22/2025 | 72.37% |
| $0.1102 | 08/13/2025 | 08/14/2025 | 08/14/2025 | 08/15/2025 | 17.63% |
| $0.1453 | 08/06/2025 | 08/07/2025 | 08/07/2025 | 08/08/2025 | 55.86% |
| $0.1646 | 07/30/2025 | 07/31/2025 | 07/31/2025 | 08/01/2025 | 0.00% |
| $0.1838 | 07/23/2025 | 07/24/2025 | 07/24/2025 | 07/25/2025 | 6.23% |
| $0.1041 | 07/16/2025 | 07/17/2025 | 07/17/2025 | 07/18/2025 | 76.75% |
| $0.1347 | 07/09/2025 | 07/10/2025 | 07/10/2025 | 07/11/2025 | 95.41% |
| $0.1574 | 07/02/2025 | 07/03/2025 | 07/03/2025 | 07/07/2025 | 96.10% |
| $0.1548 | 06/25/2025 | 06/26/2025 | 06/26/2025 | 06/27/2025 | 94.96% |
| $0.1424 | 06/18/2025 | 06/20/2025 | 06/20/2025 | 06/23/2025 | 92.18% |
| $0.1803 | 06/11/2025 | 06/12/2025 | 06/12/2025 | 06/13/2025 | 96.28% |
| $0.1721 | 06/04/2025 | 06/05/2025 | 06/05/2025 | 06/06/2025 | 92.64% |
| $0.2149 | 05/28/2025 | 05/29/2025 | 05/29/2025 | 05/30/2025 | 81.23% |
| $0.1860 | 05/21/2025 | 05/22/2025 | 05/22/2025 | 05/23/2025 | 95.22% |
| $0.1910 | 05/14/2025 | 05/15/2025 | 05/15/2025 | 05/16/2025 | 96.24% |
| $0.1679 | 05/07/2025 | 05/08/2025 | 05/08/2025 | 05/09/2025 | 89.73% |
| $0.1744 | 04/30/2025 | 05/01/2025 | 05/01/2025 | 05/02/2025 | 73.04% |
| $0.1367 | 04/23/2025 | 04/24/2025 | 04/24/2025 | 04/25/2025 | 74.88% |
| $0.1334 | 04/16/2025 | 04/17/2025 | 04/17/2025 | 04/21/2025 | nan% |
| $0.1289 | 04/09/2025 | 04/10/2025 | 04/10/2025 | 04/11/2025 | nan% |
| $0.1781 | 04/02/2025 | 04/03/2025 | 04/03/2025 | 04/04/2025 | nan% |
| $0.1315 | 03/26/2025 | 03/27/2025 | 03/27/2025 | 03/28/2025 | nan% |
| $0.1526 | 03/19/2025 | 03/20/2025 | 03/20/2025 | 03/21/2025 | nan% |
| $0.1002 | 03/12/2025 | 03/13/2025 | 03/13/2025 | 03/14/2025 | nan% |
| $0.2405 | 03/05/2025 | 03/06/2025 | 03/06/2025 | 03/07/2025 | nan% |
| $0.1327 | 02/26/2025 | 02/27/2025 | 02/27/2025 | 02/28/2025 | nan% |
| $0.1852 | 02/19/2025 | 02/20/2025 | 02/20/2025 | 02/21/2025 | nan% |
| $0.1503 | 02/12/2025 | 02/13/2025 | 02/13/2025 | 02/14/2025 | nan% |
| $0.1944 | 02/05/2025 | 02/06/2025 | 02/06/2025 | 02/07/2025 | 94.58% |
| $0.1469 | 01/29/2025 | 01/30/2025 | 01/30/2025 | 01/31/2025 | nan% |
| $0.1720 | 01/22/2025 | 01/23/2025 | 01/23/2025 | 01/24/2025 | nan% |
| $0.1118 | 01/15/2025 | 01/16/2025 | 01/16/2025 | 01/17/2025 | nan% |
| $0.1395 | 01/07/2025 | 01/08/2025 | 01/08/2025 | 01/10/2025 | nan% |
| $0.1807 | 01/02/2025 | 01/03/2025 | 01/03/2025 | 01/06/2025 | nan% |
| $0.2448 | 12/26/2024 | 12/27/2024 | 12/27/2024 | 12/30/2024 | nan% |
| $0.1390 | 12/18/2024 | 12/19/2024 | 12/19/2024 | 12/20/2024 | nan% |
| $0.1226 | 12/11/2024 | 12/12/2024 | 12/12/2024 | 12/13/2024 | nan% |
| $0.2377 | 12/04/2024 | 12/05/2024 | 12/05/2024 | 12/06/2024 | nan% |
| $0.3056 | 11/27/2024 | 11/29/2024 | 11/29/2024 | 12/02/2024 | nan% |
| $0.2441 | 11/20/2024 | 11/21/2024 | 11/21/2024 | 11/22/2024 | nan% |
| $0.1523 | 11/13/2024 | 11/14/2024 | 11/14/2024 | 11/15/2024 | nan% |
| $0.1199 | 11/06/2024 | 11/07/2024 | 11/07/2024 | 11/08/2024 | nan% |
| $0.2247 | 10/30/2024 | 10/31/2024 | 10/31/2024 | 11/01/2024 | nan% |
| $0.2268 | 10/23/2024 | 10/24/2024 | 10/24/2024 | 10/25/2024 | nan% |
| $0.1747 | 10/16/2024 | 10/17/2024 | 10/17/2024 | 10/18/2024 | nan% |
| $0.2044 | 10/09/2024 | 10/10/2024 | 10/10/2024 | 10/11/2024 | nan% |
| $0.2076 | 10/02/2024 | 10/03/2024 | 10/03/2024 | 10/04/2024 | nan% |
| $0.2220 | 09/25/2024 | 09/26/2024 | 09/26/2024 | 09/27/2024 | nan% |
| $0.2270 | 09/18/2024 | 09/19/2024 | 09/19/2024 | 09/20/2024 | nan% |
| $0.5912 | 08/13/2024 | 08/15/2024 | 08/15/2024 | 08/16/2024 | nan% |
| $0.6516 | 07/16/2024 | 07/17/2024 | 07/17/2024 | 07/18/2024 | nan% |
| $0.7300 | 06/13/2024 | 06/14/2024 | 06/14/2024 | 06/17/2024 | nan% |
| $0.7317 | 05/14/2024 | 05/15/2024 | 05/16/2024 | 05/17/2024 | nan% |
| $0.6318 | 04/16/2024 | 04/17/2024 | 04/18/2024 | 04/19/2024 | nan% |
| $0.5680 | 03/13/2024 | 03/14/2024 | 03/15/2024 | 03/18/2024 | nan% |
| $0.5339 | 02/14/2024 | 02/15/2024 | 02/16/2024 | 02/20/2024 | nan% |
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 03/09/2026
Holdings are subject to change.
| SECURITY NAME | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|
| Yieldmax CRCL Option Income Strategy ETF | 88636W866 | 1,968,611.00 | 52,010,702.62 | 426,242,250 | 12.20% |
| YieldMax MRNA Option Income Strategy ETF | 88636X203 | 2,010,529.00 | 39,486,789.56 | 426,242,250 | 9.26% |
| YieldMax Xom Option Income Strategy ETF | 88634T410 | 2,927,006.00 | 37,875,457.64 | 426,242,250 | 8.89% |
| Yieldmax Tsm Option Income Strategy ETF | 88636R859 | 2,433,166.00 | 37,519,419.72 | 426,242,250 | 8.80% |
| YieldMax Target 12™ Real Estate Option Income ETF | 88636R776 | 680,239.00 | 34,576,412.32 | 426,242,250 | 8.11% |
| YieldMax BRKB Option Income Strategy ETF | 88634T832 | 751,194.00 | 32,474,116.62 | 426,242,250 | 7.62% |
| YieldMax AAPL Option Income Strategy ETF | 88634T857 | 2,462,505.00 | 29,377,684.65 | 426,242,250 | 6.89% |
| Yieldmax Smci Option Income Strategy ETF | 88636R867 | 3,384,981.00 | 25,725,855.60 | 426,242,250 | 6.04% |
| YieldMax Gold Miners Option Income Strategy ETF | 88634T881 | 1,595,906.00 | 25,358,946.34 | 426,242,250 | 5.95% |
| YieldMax ABNB Option Income Strategy ETF | 88636X401 | 491,518.80 | 21,321,987.24 | 426,242,250 | 5.00% |
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.
