YRAM
YieldMax Memory and Storage Portfolio Option Income ETF
The YieldMax® Memory and Storage Portfolio Option Income ETF (YRAM) is an actively managed ETF that seeks to generate current income and capital appreciation by investing in memory and storage device companies and ETFs focused on the memory and storage industry. YRAM employs a systematic options strategy that sells call spreads on select portfolio holdings to seek option premium income, with the goal of making weekly distributions. At the same time, the Fund maintains direct equity exposure, allowing it to participate in the potential share-price appreciation of its underlying investments. Holdings are evaluated based on factors such as liquidity, share price, and implied volatility, and the portfolio is reviewed and adjusted regularly as market conditions evolve.
Distribution Rate*
30-Day SEC Yield**
* The most recent distribution on 09/04/2026 contains – estimated return of capital and 100.00% 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: 8/24/2026
As of: 8/31/2026
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (08/24/2026) | Since Inception Annualized (08/24/2026) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | — | — | — | — | — | — | — | — | 3.48% | — |
| NAV | — | — | — | — | — | — | — | — | 3.42% | — |
Inception Date: 8/24/2026
As of –
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative | Since Inception Annualized |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | - | - | - | - | - | - | - | - | - | - |
| NAV | - | - | - | - | - | - | - | - | - | - |
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?
Weekly Income Potential
The Fund seeks to provide weekly cash distributions through options strategies designed to generate premiums.
Exposure to the Memory and Storage Ecosystem
YRAM provides exposure to companies across memory semiconductors, memory focused integrated device manufacturers, specialized memory designers, memory controllers and interfaces, and storage device manufacturers.
Income + Growth Potential
The Fund’s primary objective is to seek current income, while its secondary objective is to seek capital appreciation, offering investors exposure to the memory and storage theme alongside an options income strategy.
Fund Details
As of –
*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 09/04/2026
*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 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.
Top 10 Holdings
As of 09/08/2026
Holdings are subject to change.
| SECURITY NAME | TICKER | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|---|
| First American Government Obligations Fund 12/01/2031 | FGXXX | 31846V336 | 1,850,520.95 | 1,850,520.95 | 4,019,820 | 46.03% |
| Micron Technology Inc | MU | 595112103 | 615.00 | 625,202.85 | 4,019,820 | 15.55% |
| Sandisk Corp | SNDK | 80004C200 | 150.00 | 261,000.00 | 4,019,820 | 6.49% |
| Western Digital Corp | WDC | 958102105 | 514.00 | 240,197.34 | 4,019,820 | 5.98% |
| Seagate Technology Holdings PLC | STX | G7997R103 | 279.00 | 236,949.12 | 4,019,820 | 5.89% |
| DRAM 10/16/2026 55.01 C | 2DRAM 261016C00055010 | 2DRAM 261016C00055010 | 274.00 | 215,218.78 | 4,019,820 | 5.35% |
| Cash & Other | Cash&Other | Cash&Other | 199,814.89 | 199,814.89 | 4,019,820 | 4.97% |
| Silicon Motion Technology Corp | SIMO | 82706C108 | 459.00 | 117,600.39 | 4,019,820 | 2.93% |
| Penguin Solutions Inc | PENG | 706915105 | 2,206.00 | 114,182.56 | 4,019,820 | 2.84% |
| Everpure Inc | P | 74624M102 | 1,114.00 | 110,854.14 | 4,019,820 | 2.76% |