YSPC
YieldMax SPCX Option Income Strategy ETF
The YieldMax® SPCX Option Income Strategy ETF (YSPC) is an actively managed ETF designed to generate weekly income by selling call spreads on Space Exploration Technologies Corp (SPCX). By writing call spreads, YSPC seeks to systematically harvest option premiums from SPCX’s volatility, striving to turn it into a weekly income stream while still maintaining participation in SPCX’s share price appreciation. YSPC offers a compelling way to potentially collect income and stay long SPCX.
Distribution Rate*
30-Day SEC Yield**
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, SPCX, 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 capture only a portion of its potential gains if SPCX’s price increases in value. The Fund’s strategy is subject to all potential losses if SPCX’s stock price decreases in value, which may not be offset by the option premiums received by the Fund.
* The most recent distribution on 08/12/2026 contains 97.13% estimated return of capital and 2.87% 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: 7/14/2025
As of: 7/31/2026
| Fund Ticker | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception Cumulative (07/14/2026) | Since Inception Annualized (07/14/2026) |
|---|---|---|---|---|---|---|---|---|---|---|
| MKT | — | — | — | — | — | — | — | — | -15.84% | — |
| NAV | — | — | — | — | — | — | — | — | -15.85% | — |
Inception Date: 7/14/2025
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 is designed to provide investors with the potential opportunity for consistent weekly income through a call spread writing strategy.
Long Exposure with Income
Investors gain exposure to Space Exploration Technologies Corp (SPCX) while also seeking current income.
Balanced Approach
The strategy seeks to provide income while still offering participation in the share price gains of SPCX.
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 08/12/2026
*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 |
|---|---|---|---|---|---|
| $0.7793 | 08/12/2026 | 08/13/2026 | 08/13/2026 | 08/14/2026 | 97.13% |
| $0.5897 | 08/05/2026 | 08/06/2026 | 08/06/2026 | 08/07/2026 | 100.00% |
| $0.4264 | 07/29/2026 | 07/30/2026 | 07/30/2036 | 07/31/2026 | 0.00% |
*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 08/13/2026
Holdings are subject to change.
| SECURITY NAME | TICKER | CUSIP | SHARES | MARKET VALUE | NET ASSETS | WEIGHTINGS |
|---|---|---|---|---|---|---|
| United States Treasury Bill 02/18/2027 | 912797TV9 | 912797TV9 | 2,063,000.00 | 2,022,915.39 | 2,510,135 | 80.59% |
| SPCX 09/18/2026 115.01 C | 2SPCX 260918C00115010 | 2SPCX 260918C00115010 | 172.00 | 580,202.44 | 2,510,135 | 23.11% |
| SPCX US 08/14/26 C137 | SPCX 260814C00137000 | SPCX 260814C00137000 | 93.00 | 93,465.00 | 2,510,135 | 3.72% |
| First American Government Obligations Fund 12/01/2031 | FGXXX | 31846V336 | 48,265.25 | 48,265.25 | 2,510,135 | 1.92% |
| SPCX US 08/14/26 C139 | SPCX 260814C00139000 | SPCX 260814C00139000 | 52.00 | 44,070.00 | 2,510,135 | 1.76% |
| SPACE EX CLL OPT 08/26 150 | SPCX 260821C00150000 | SPCX 260821C00150000 | 50.00 | 27,750.00 | 2,510,135 | 1.11% |
| SPCX US 08/14/26 C117 | SPCX 260814C00117000 | SPCX 260814C00117000 | 7.00 | 20,545.00 | 2,510,135 | 0.82% |
| Cash & Other | Cash&Other | Cash&Other | 19,573.94 | 19,573.94 | 2,510,135 | 0.78% |
| SPCX US 08/14/26 C138 | SPCX 260814C00138000 | SPCX 260814C00138000 | 20.00 | 18,400.00 | 2,510,135 | 0.73% |
| SPACE EX CLL OPT 08/26 165 | SPCX 260821C00165000 | SPCX 260821C00165000 | 50.00 | 10,325.00 | 2,510,135 | 0.41% |