ULTY
YieldMax™ Ultra
Option Income
Strategy ETF
ULTY is an actively managed ETF that seeks to generate monthly income from a portfolio of covered call strategies, each on a U.S. listed security (each an “Underlying Security” and collectively, the “Underlying Securities”).
Investing in the fund involves a high degree of risk. Due to ULTY’s investment strategy, ULTY’s indirect exposure to gains, if any, of the share price returns of the Underlying Securities is capped. However, ULTY 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 ULTY.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING ISSUER.
Distribution Rate*:
Rate | Name | Date |
---|---|---|
91.60 | YieldMax ULTY Option Income Strategy ETF | 02/28/2025 |
30-Day SEC Yield**:
Name | value | date |
---|---|---|
30-Day SEC Yield | 0.00 | 02/28/2025 |
Distribution Details
For YieldMax™ ETFs Distribution Schedules, click here.
ticker_name | Distribution per Share | declared date | ex date | record date | payable date |
---|---|---|---|---|---|
ULTY | 0.5369 | 02/05/2025 | 02/06/2025 | 02/06/2025 | 02/07/2025 |
ULTY | 0.5715 | 01/07/2025 | 01/08/2025 | 01/08/2025 | 01/10/2025 |
ULTY | 0.7092 | 12/11/2024 | 12/12/2024 | 12/12/2024 | 12/13/2024 |
ULTY | 0.8313 | 11/13/2024 | 11/14/2024 | 11/14/2024 | 11/15/2024 |
ULTY | 0.8267 | 10/16/2024 | 10/17/2024 | 10/17/2024 | 10/18/2024 |
ULTY | 0.9825 | 09/18/2024 | 09/19/2024 | 09/19/2024 | 09/20/2024 |
ULTY | 0.7803 | 08/13/2024 | 08/15/2024 | 08/15/2024 | 08/16/2024 |
ULTY | 0.9948 | 07/16/2024 | 07/17/2024 | 07/17/2024 | 07/18/2024 |
ULTY | 1.1337 | 06/13/2024 | 06/14/2024 | 06/14/2024 | 06/17/2024 |
ULTY | 1.2782 | 05/14/2024 | 05/15/2024 | 05/16/2024 | 05/17/2024 |
ULTY | 1.4171 | 04/16/2024 | 04/17/2024 | 04/18/2024 | 04/19/2024 |
ULTY | 1.0653 | 03/13/2024 | 03/14/2024 | 03/15/2024 | 03/18/2024 |
*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 multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’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 such ETF over the 30-Day period ended at the most recent month-end, expressed as an annual percentage rate based on such ETF’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, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. 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 a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Fund Overview
YieldMax™ Ultra Option Income Strategy ETF (ULTY) is actively managed to seek monthly income from a portfolio of covered call strategies, each on an Underlying Security. ULTY also provides direct or indirect exposure to the share price returns of the Underlying Securities, subject to a limit on potential investment gains for each such security.
ULTY’s investment sub-adviser will typically select between 15 and 30 Underlying Securities, primarily on the basis of such securities’ implied volatility levels, and will regularly review ULTY’s portfolio to determine whether one or more of its covered call strategies should be increased, decreased or eliminated, and whether any such strategy should be implemented on any new Underlying Securities.
Due to ULTY’s investment strategy, ULTY’s indirect exposure to gains, if any, of the share price returns of the Underlying Securities is capped. However, ULTY 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 ULTY.
Investment Objective
ULTY’s primary investment objective is to seek current income. ULTY’s secondary investment objective is to seek exposure to the share price returns of the Underlying Securities, subject to a limit on potential investment gains for each such security.
Fund Information
wdt_ID | New column | New column |
---|---|---|
1 | Fund Name | YieldMax™ Ultra Option Income Strategy ETF |
2 | Ticker | ULTY |
3 | Fund Inception | 2/28/2024 |
4 | Primary Exchange | NYSE Arca |
5 | CUSIP | 88636J527 |
6 | NAV Symbol | ULTY.NV |
7 | Gross Expense Ratio* | 1.24% |
8 | Less Fee Waiver* | -0.10% |
9 | Net Expense Ratio* | 1.14% |
Name | value | date |
---|---|---|
30-Day SEC Yield | 0.00 | 02/28/2025 |
Fund Name | Fund Ticker | CUSIP | 30-Day SEC Yield | Date |
---|---|---|---|---|
YieldMax TSLA Option Income Strategy ETF | TSLY | 88636J444 | 4.69 | 02/28/2025 |
* The Fund’s investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.
**The 30-Day SEC Yield represents net investment income earned by the Fund over the 30-day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period. The unsubsidized 30-Day SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.
Fund Data & Pricing
Name | value |
---|---|
Net Assets | $256.14m |
NAV | $7.62 |
Shares Outstanding | 33,625,000 |
Premium/Discount Percentage | -0.10% |
Closing Price | $7.61 |
Median 30 Day Spread** | 0.12% |
Rate Date |
---|
02/28/2025 |
**Median 30-Day 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.
Performance
Name |
---|
02/28/2025 |
Fund Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception Cumulative (2/28/24) | Since Inception Annualized (2/28/24) | Fund Name | Date |
---|---|---|---|---|---|---|---|---|---|---|---|
ULTY NAV | -6.38 | -7.3 | 6.46 | -3.49 | -2.25 | – | – | -5.43 | -5.43 | YieldMax Ultra Option Income Strategy ETF | 02/28/2025 |
ULTY MKT | -6.54 | -7.53 | 6.3 | -3.4 | -1.82 | – | – | -5.01 | -5.01 | YieldMax Ultra Option Income Strategy ETF | 02/28/2025 |
SPTR2 | -1.3 | -0.97 | 6.11 | 1.44 | 18.41 | – | – | 19.05 | 19.05 | S&P 500 TR | 02/28/2025 |
Name |
---|
12/31/2024 |
Fund Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception Cumulative (2/28/24) | Since Inception Annualized (2/28/24) | Fund Name | Date |
---|---|---|---|---|---|---|---|---|---|---|---|
ULTY NAV | -3.95 | 7.48 | 6.34 | – | – | – | – | -2.01 | – | YieldMax Ultra Option Income Strategy ETF | 12/31/2024 |
ULTY MKT | -4.28 | 7.13 | 6.3 | – | – | – | – | -1.67 | – | YieldMax Ultra Option Income Strategy ETF | 12/31/2024 |
SPTR2 | -2.38 | 2.41 | 8.44 | – | – | – | – | 17.36 | S&P 500 TR | 12/31/2024 |
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, monthly. There is no guarantee these distributions will be made.
Holdings
Top 10 Holdings
Name |
---|
03/04/2025 |
Security Name | CUSIP | Shares | Market Value | Weightings | Net Assets | StockTicker | SharesOutstanding | Date | Price | CreationUnits | Account | MoneyMarketFlag |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Arista Networks Inc | 040413205 | 75,000.00 | 6,450,750.00 | 2.61% | 247,738,912 | ANET | 33,625,000 | 03/04/2025 | 86.01 | 1,345 | ULTY | |
ARISTA N CLL OPT 03/25 91 | ANET 250307C00091000 | -750.00 | -69,375.00 | -0.03% | 247,738,912 | ANET 250307C00091000 | 33,625,000 | 03/04/2025 | 0.93 | 1,345 | ULTY | |
ARISTA N PUT OPT 03/25 81 | ANET 250307P00081000 | 750.00 | 71,250.00 | 0.03% | 247,738,912 | ANET 250307P00081000 | 33,625,000 | 03/04/2025 | 0.95 | 1,345 | ULTY | |
Cava Group Inc | 148929102 | 100,000.00 | 8,765,000.00 | 3.54% | 247,738,912 | CAVA | 33,625,000 | 03/04/2025 | 87.65 | 1,345 | ULTY | |
CAVA GRO CLL OPT 03/25 95 | CAVA 250314C00095000 | -1,000.00 | -180,500.00 | -0.07% | 247,738,912 | CAVA 250314C00095000 | 33,625,000 | 03/04/2025 | 1.81 | 1,345 | ULTY | |
CAVA GRO PUT OPT 03/25 80 | CAVA 250314P00080000 | 1,000.00 | 161,500.00 | 0.07% | 247,738,912 | CAVA 250314P00080000 | 33,625,000 | 03/04/2025 | 1.62 | 1,345 | ULTY | |
Coinbase Global Inc | 19260Q107 | 46,000.00 | 9,464,500.00 | 3.82% | 247,738,912 | COIN | 33,625,000 | 03/04/2025 | 205.75 | 1,345 | ULTY | |
COIN US 03/07/25 C230 | COIN 250307C00230000 | -460.00 | -76,360.00 | -0.03% | 247,738,912 | COIN 250307C00230000 | 33,625,000 | 03/04/2025 | 1.66 | 1,345 | ULTY | |
COIN US 03/07/25 P192.5 | COIN 250307P00192500 | 460.00 | 166,750.00 | 0.07% | 247,738,912 | COIN 250307P00192500 | 33,625,000 | 03/04/2025 | 3.63 | 1,345 | ULTY | |
Crowdstrike Holdings Inc | 22788C105 | 22,000.00 | 8,420,060.00 | 3.40% | 247,738,912 | CRWD | 33,625,000 | 03/04/2025 | 382.73 | 1,345 | ULTY | |
CRWD US 03/07/25 C410 | CRWD 250307C00410000 | -220.00 | -161,150.00 | -0.07% | 247,738,912 | CRWD 250307C00410000 | 33,625,000 | 03/04/2025 | 7.33 | 1,345 | ULTY | |
CRWD US 03/07/25 P360 | CRWD 250307P00360000 | 220.00 | 179,300.00 | 0.07% | 247,738,912 | CRWD 250307P00360000 | 33,625,000 | 03/04/2025 | 8.15 | 1,345 | ULTY | |
Dell Technologies Inc | 24703L202 | 64,200.00 | 6,134,952.00 | 2.48% | 247,738,912 | DELL | 33,625,000 | 03/04/2025 | 95.56 | 1,345 | ULTY | |
DELL US 03/07/25 C107 | DELL 250307C00107000 | -642.00 | -8,346.00 | 0.00% | 247,738,912 | DELL 250307C00107000 | 33,625,000 | 03/04/2025 | 0.13 | 1,345 | ULTY | |
DELL US 03/07/25 P93 | DELL 250307P00093000 | 642.00 | 100,794.00 | 0.04% | 247,738,912 | DELL 250307P00093000 | 33,625,000 | 03/04/2025 | 1.57 | 1,345 | ULTY | |
Hims & Hers Health Inc | 433000106 | 200,000.00 | 8,136,000.00 | 3.29% | 247,738,912 | HIMS | 33,625,000 | 03/04/2025 | 40.68 | 1,345 | ULTY | |
HIMS US 03/07/25 C46 | HIMS 250307C00046000 | -2,000.00 | -104,000.00 | -0.04% | 247,738,912 | HIMS 250307C00046000 | 33,625,000 | 03/04/2025 | 0.52 | 1,345 | ULTY | |
HIMS US 03/07/25 P37 | HIMS 250307P00037000 | 2,000.00 | 136,000.00 | 0.05% | 247,738,912 | HIMS 250307P00037000 | 33,625,000 | 03/04/2025 | 0.68 | 1,345 | ULTY | |
Robinhood Markets Inc | 770700102 | 150,000.00 | 7,033,500.00 | 2.84% | 247,738,912 | HOOD | 33,625,000 | 03/04/2025 | 46.89 | 1,345 | ULTY | |
HOOD US 03/07/25 C51 | HOOD 250307C00051000 | -1,500.00 | -98,250.00 | -0.04% | 247,738,912 | HOOD 250307C00051000 | 33,625,000 | 03/04/2025 | 0.66 | 1,345 | ULTY | |
HOOD US 03/07/25 P42 | HOOD 250307P00042000 | 1,500.00 | 75,000.00 | 0.03% | 247,738,912 | HOOD 250307P00042000 | 33,625,000 | 03/04/2025 | 0.50 | 1,345 | ULTY | |
Samsara Inc | 79589L106 | 160,000.00 | 7,331,200.00 | 2.96% | 247,738,912 | IOT | 33,625,000 | 03/04/2025 | 45.82 | 1,345 | ULTY | |
SAMSARA CLL OPT 03/25 53 | IOT 250307C00053000 | -1,600.00 | -192,000.00 | -0.08% | 247,738,912 | IOT 250307C00053000 | 33,625,000 | 03/04/2025 | 1.20 | 1,345 | ULTY | |
SAMSARA PUT OPT 03/25 40 | IOT 250307P00040000 | 1,600.00 | 200,000.00 | 0.08% | 247,738,912 | IOT 250307P00040000 | 33,625,000 | 03/04/2025 | 1.25 | 1,345 | ULTY | |
MARA Holdings Inc | 565788106 | 400,000.00 | 5,516,000.00 | 2.23% | 247,738,912 | MARA | 33,625,000 | 03/04/2025 | 13.79 | 1,345 | ULTY | |
MARA US 03/07/25 C15 | MARA 250307C00015000 | -4,000.00 | -134,000.00 | -0.05% | 247,738,912 | MARA 250307C00015000 | 33,625,000 | 03/04/2025 | 0.34 | 1,345 | ULTY | |
MARA US 03/07/25 P11.5 | MARA 250307P00011500 | 4,000.00 | 34,000.00 | 0.01% | 247,738,912 | MARA 250307P00011500 | 33,625,000 | 03/04/2025 | 0.09 | 1,345 | ULTY | |
MongoDB Inc | 60937P106 | 30,000.00 | 7,770,600.00 | 3.14% | 247,738,912 | MDB | 33,625,000 | 03/04/2025 | 259.02 | 1,345 | ULTY | |
MDB US 03/07/25 C290 | MDB 250307C00290000 | -300.00 | -217,500.00 | -0.09% | 247,738,912 | MDB 250307C00290000 | 33,625,000 | 03/04/2025 | 7.25 | 1,345 | ULTY | |
MDB US 03/07/25 P240 | MDB 250307P00240000 | 300.00 | 271,500.00 | 0.11% | 247,738,912 | MDB 250307P00240000 | 33,625,000 | 03/04/2025 | 9.05 | 1,345 | ULTY | |
MicroStrategy Inc | 594972408 | 35,000.00 | 8,782,200.00 | 3.55% | 247,738,912 | MSTR | 33,625,000 | 03/04/2025 | 250.92 | 1,345 | ULTY | |
MSTR US 03/07/25 C260 | MSTR 250307C00260000 | -350.00 | -298,375.00 | -0.12% | 247,738,912 | MSTR 250307C00260000 | 33,625,000 | 03/04/2025 | 8.53 | 1,345 | ULTY | |
MSTR US 03/07/25 P200 | MSTR 250307P00200000 | 350.00 | 46,025.00 | 0.02% | 247,738,912 | MSTR 250307P00200000 | 33,625,000 | 03/04/2025 | 1.32 | 1,345 | ULTY | |
Netflix Inc | 64110L106 | 8,000.00 | 7,789,600.00 | 3.15% | 247,738,912 | NFLX | 33,625,000 | 03/04/2025 | 973.70 | 1,345 | ULTY | |
NFLX US 03/07/25 C990 | NFLX 250307C00990000 | -80.00 | -78,800.00 | -0.03% | 247,738,912 | NFLX 250307C00990000 | 33,625,000 | 03/04/2025 | 9.85 | 1,345 | ULTY | |
NFLX US 03/07/25 P915 | NFLX 250307P00915000 | 80.00 | 21,440.00 | 0.01% | 247,738,912 | NFLX 250307P00915000 | 33,625,000 | 03/04/2025 | 2.68 | 1,345 | ULTY | |
NVIDIA Corp | 67066G104 | 102,100.00 | 11,645,526.00 | 4.70% | 247,738,912 | NVDA | 33,625,000 | 03/04/2025 | 114.06 | 1,345 | ULTY | |
NVIDIA C CLL OPT 03/25 125 | NVDA 250314C00125000 | -1,021.00 | -171,017.50 | -0.07% | 247,738,912 | NVDA 250314C00125000 | 33,625,000 | 03/04/2025 | 1.68 | 1,345 | ULTY | |
NVIDIA C PUT OPT 03/25 107 | NVDA 250314P00107000 | 1,021.00 | 283,327.50 | 0.11% | 247,738,912 | NVDA 250314P00107000 | 33,625,000 | 03/04/2025 | 2.78 | 1,345 | ULTY | |
Oklo Inc | 02156V109 | 225,000.00 | 6,610,500.00 | 2.67% | 247,738,912 | OKLO | 33,625,000 | 03/04/2025 | 29.38 | 1,345 | ULTY | |
OKLO INC CLL OPT 03/25 36 | OKLO 250307C00036000 | -2,250.00 | -81,000.00 | -0.03% | 247,738,912 | OKLO 250307C00036000 | 33,625,000 | 03/04/2025 | 0.36 | 1,345 | ULTY | |
OKLO INC PUT OPT 03/25 28 | OKLO 250307P00028000 | 2,250.00 | 308,250.00 | 0.12% | 247,738,912 | OKLO 250307P00028000 | 33,625,000 | 03/04/2025 | 1.37 | 1,345 | ULTY | |
Palantir Technologies Inc | 69608A108 | 122,000.00 | 10,177,240.00 | 4.11% | 247,738,912 | PLTR | 33,625,000 | 03/04/2025 | 83.42 | 1,345 | ULTY | |
PLTR US 03/07/25 C87 | PLTR 250307C00087000 | -1,220.00 | -223,260.00 | -0.09% | 247,738,912 | PLTR 250307C00087000 | 33,625,000 | 03/04/2025 | 1.83 | 1,345 | ULTY | |
PLTR US 03/07/25 P71 | PLTR 250307P00071000 | 1,220.00 | 43,920.00 | 0.02% | 247,738,912 | PLTR 250307P00071000 | 33,625,000 | 03/04/2025 | 0.36 | 1,345 | ULTY | |
Reddit Inc | 75734B100 | 40,000.00 | 6,498,000.00 | 2.62% | 247,738,912 | RDDT | 33,625,000 | 03/04/2025 | 162.45 | 1,345 | ULTY | |
RDDT US 03/07/25 C170 | RDDT 250307C00170000 | -400.00 | -145,000.00 | -0.06% | 247,738,912 | RDDT 250307C00170000 | 33,625,000 | 03/04/2025 | 3.63 | 1,345 | ULTY | |
RDDT US 03/07/25 P140 | RDDT 250307P00140000 | 400.00 | 20,800.00 | 0.01% | 247,738,912 | RDDT 250307P00140000 | 33,625,000 | 03/04/2025 | 0.52 | 1,345 | ULTY | |
Roku Inc | 77543R102 | 125,000.00 | 10,032,500.00 | 4.05% | 247,738,912 | ROKU | 33,625,000 | 03/04/2025 | 80.26 | 1,345 | ULTY | |
ROKU US 03/07/25 C88 | ROKU 250307C00088000 | -1,250.00 | -36,875.00 | -0.01% | 247,738,912 | ROKU 250307C00088000 | 33,625,000 | 03/04/2025 | 0.30 | 1,345 | ULTY | |
ROKU US 03/07/25 P79 | ROKU 250307P00079000 | 1,250.00 | 235,000.00 | 0.09% | 247,738,912 | ROKU 250307P00079000 | 33,625,000 | 03/04/2025 | 1.88 | 1,345 | ULTY | |
NuScale Power Corp | 67079K100 | 300,000.00 | 4,635,000.00 | 1.87% | 247,738,912 | SMR | 33,625,000 | 03/04/2025 | 15.45 | 1,345 | ULTY | |
SMR US 03/07/25 C19.5 | SMR 250307C00019500 | -3,000.00 | -121,500.00 | -0.05% | 247,738,912 | SMR 250307C00019500 | 33,625,000 | 03/04/2025 | 0.41 | 1,345 | ULTY | |
SMR US 03/07/25 P15 | SMR 250307P00015000 | 3,000.00 | 324,000.00 | 0.13% | 247,738,912 | SMR 250307P00015000 | 33,625,000 | 03/04/2025 | 1.08 | 1,345 | ULTY | |
Direxion Daily Semiconductors Bull 3x Shares | 25459W458 | 400,000.00 | 8,204,000.00 | 3.31% | 247,738,912 | SOXL | 33,625,000 | 03/04/2025 | 20.51 | 1,345 | ULTY | |
DIREXION CLL OPT 03/25 23 | SOXL 250307C00023000 | -4,000.00 | -168,000.00 | -0.07% | 247,738,912 | SOXL 250307C00023000 | 33,625,000 | 03/04/2025 | 0.42 | 1,345 | ULTY | |
DIREXION PUT OPT 03/25 17 | SOXL 250307P00017000 | 4,000.00 | 112,000.00 | 0.05% | 247,738,912 | SOXL 250307P00017000 | 33,625,000 | 03/04/2025 | 0.28 | 1,345 | ULTY | |
Talen Energy Corp | 87422Q109 | 40,000.00 | 7,520,800.00 | 3.04% | 247,738,912 | TLN | 33,625,000 | 03/04/2025 | 188.02 | 1,345 | ULTY | |
TLN US 03/21/25 C220 | TLN 250321C00220000 | -400.00 | -136,000.00 | -0.05% | 247,738,912 | TLN 250321C00220000 | 33,625,000 | 03/04/2025 | 3.40 | 1,345 | ULTY | |
TLN US 03/21/25 P170 | TLN 250321P00170000 | 400.00 | 156,000.00 | 0.06% | 247,738,912 | TLN 250321P00170000 | 33,625,000 | 03/04/2025 | 3.90 | 1,345 | ULTY | |
Direxion Daily Small Cap Bull 3X Shares | 25459W847 | 365,000.00 | 12,446,500.00 | 5.03% | 247,738,912 | TNA | 33,625,000 | 03/04/2025 | 34.10 | 1,345 | ULTY | |
TNA US 03/07/25 C38.5 | TNA 250307C00038500 | -3,650.00 | -87,600.00 | -0.04% | 247,738,912 | TNA 250307C00038500 | 33,625,000 | 03/04/2025 | 0.24 | 1,345 | ULTY | |
TNA US 03/07/25 P31 | TNA 250307P00031000 | 3,650.00 | 156,950.00 | 0.06% | 247,738,912 | TNA 250307P00031000 | 33,625,000 | 03/04/2025 | 0.43 | 1,345 | ULTY | |
ProShares UltraPro QQQ | 74347X831 | 205,000.00 | 14,366,400.00 | 5.80% | 247,738,912 | TQQQ | 33,625,000 | 03/04/2025 | 70.08 | 1,345 | ULTY | |
PROSHARE CLL OPT 03/25 76 | TQQQ 250307C00076000 | -2,050.00 | -142,475.00 | -0.06% | 247,738,912 | TQQQ 250307C00076000 | 33,625,000 | 03/04/2025 | 0.70 | 1,345 | ULTY | |
PROSHARE PUT OPT 03/25 64 | TQQQ 250307P00064000 | 2,050.00 | 173,225.00 | 0.07% | 247,738,912 | TQQQ 250307P00064000 | 33,625,000 | 03/04/2025 | 0.85 | 1,345 | ULTY | |
Tesla Inc | 88160R101 | 35,000.00 | 9,962,750.00 | 4.02% | 247,738,912 | TSLA | 33,625,000 | 03/04/2025 | 284.65 | 1,345 | ULTY | |
TSLA US 03/07/25 C300 | TSLA 250307C00300000 | -350.00 | -160,125.00 | -0.06% | 247,738,912 | TSLA 250307C00300000 | 33,625,000 | 03/04/2025 | 4.58 | 1,345 | ULTY | |
TSLA US 03/07/25 P270 | TSLA 250307P00270000 | 350.00 | 169,750.00 | 0.07% | 247,738,912 | TSLA 250307P00270000 | 33,625,000 | 03/04/2025 | 4.85 | 1,345 | ULTY | |
Upstart Holdings Inc | 91680M107 | 140,000.00 | 8,636,600.00 | 3.49% | 247,738,912 | UPST | 33,625,000 | 03/04/2025 | 61.69 | 1,345 | ULTY | |
UPST US 03/07/25 C70 | UPST 250307C00070000 | -1,400.00 | -59,500.00 | -0.02% | 247,738,912 | UPST 250307C00070000 | 33,625,000 | 03/04/2025 | 0.43 | 1,345 | ULTY | |
UPST US 03/07/25 P56 | UPST 250307P00056000 | 1,400.00 | 109,200.00 | 0.04% | 247,738,912 | UPST 250307P00056000 | 33,625,000 | 03/04/2025 | 0.78 | 1,345 | ULTY | |
Vertiv Holdings Co | 92537N108 | 69,000.00 | 5,893,290.00 | 2.38% | 247,738,912 | VRT | 33,625,000 | 03/04/2025 | 85.41 | 1,345 | ULTY | |
VRT US 03/07/25 C93 | VRT 250307C00093000 | -690.00 | -54,855.00 | -0.02% | 247,738,912 | VRT 250307C00093000 | 33,625,000 | 03/04/2025 | 0.80 | 1,345 | ULTY | |
VRT US 03/07/25 P76 | VRT 250307P00076000 | 690.00 | 44,160.00 | 0.02% | 247,738,912 | VRT 250307P00076000 | 33,625,000 | 03/04/2025 | 0.64 | 1,345 | ULTY | |
Block Inc | 852234103 | 123,000.00 | 7,723,170.00 | 3.12% | 247,738,912 | XYZ | 33,625,000 | 03/04/2025 | 62.79 | 1,345 | ULTY | |
XYZ US 03/07/25 C66 | XYZ 250307C00066000 | -1,000.00 | -43,500.00 | -0.02% | 247,738,912 | XYZ 250307C00066000 | 33,625,000 | 03/04/2025 | 0.44 | 1,345 | ULTY | |
XYZ US 03/07/25 C67 | XYZ 250307C00067000 | -230.00 | -6,210.00 | 0.00% | 247,738,912 | XYZ 250307C00067000 | 33,625,000 | 03/04/2025 | 0.27 | 1,345 | ULTY | |
XYZ US 03/07/25 P58 | XYZ 250307P00058000 | 1,000.00 | 23,000.00 | 0.01% | 247,738,912 | XYZ 250307P00058000 | 33,625,000 | 03/04/2025 | 0.23 | 1,345 | ULTY | |
XYZ US 03/07/25 P60 | XYZ 250307P00060000 | 230.00 | 12,420.00 | 0.01% | 247,738,912 | XYZ 250307P00060000 | 33,625,000 | 03/04/2025 | 0.54 | 1,345 | ULTY | |
Cash & Other | Cash&Other | 31,251,497.04 | 31,251,497.04 | 12.62% | 247,738,912 | Cash&Other | 33,625,000 | 03/04/2025 | 1.00 | 1,345 | ULTY | Y |
Purchase Information
This Fund is not affiliated with these financial service firms.
Their listing should not be viewed as a recommendation or endorsement.
Risk Information
Before investing, carefully consider the Fund’s investment objectives, risks, charges, and expenses. This information, along with other details, is available in the prospectus. Please read the prospectuses carefully before making any investment.
Investments involve risk. Principal loss is possible.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING ISSUER.
Underlying Security Risk:
Each Underlying YieldMax™ ETF invests in options contracts based on the value of its Underlying Security. This subjects each Underlying YieldMax™ ETF to certain risks as if it owned shares of its Underlying Security, even though it does not. As a result, each Underlying YieldMax™ ETF is subject to the risks associated with the industry of the corresponding Underlying Issuer.
Derivatives Risk:
Derivatives are financial instruments deriving value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates, or indexes. Each Underlying YieldMax™ ETF’s investments in derivatives may pose risks beyond those associated with directly investing in securities or other ordinary investments. Risks include market-related factors, imperfect correlation with underlying investments or Underlying YieldMax™ ETF’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation, and legal restrictions. The Underlying YieldMax™ ETFs’ investment strategies are options-based, and option prices are influenced by various factors.
Distribution Risk:
Each Underlying YieldMax™ ETF aims to provide monthly income, but there is no guarantee of distribution in any given month. Monthly distributions may consist of capital returns, potentially reducing each Underlying YieldMax™ ETF’s NAV and trading price over time. This could lead to significant losses for investors, especially as returns exclude dividends paid by the Underlying Security, resulting in lesser income compared to a direct investment in the Underlying Security.
NAV Erosion Risk Due to Distributions:
When an Underlying YieldMax™ ETF makes a distribution, its NAV typically drops by the distribution amount on the related ex-dividend date. Repetitive distributions may significantly erode an Underlying YieldMax™ ETF’s NAV and trading price over time, potentially resulting in notable losses for investors.
Call Writing Strategy Risk:
The continuous application of each Underlying YieldMax™ ETF’s call writing strategy impacts its ability to participate in positive price returns of its Underlying Security. This affects returns during the term of sold call options and over longer time frames. An Underlying YieldMax™ ETF’s participation in its Underlying Security’s positive price returns and its own returns will depend not only on the Underlying Security’s price but also on the path the Underlying Security’s price takes over time. Certain price trajectories of the Underlying Security could lead to suboptimal outcomes for the Underlying YieldMax™ ETF.
Single Issuer Risk:
Each Underlying YieldMax™ ETF, focusing on an individual security (Underlying Security), may experience more volatility compared to traditional pooled investments or the market generally due to issuer-specific attributes. Its performance may deviate from that of diversified investments or the overall market, making it potentially more susceptible to the specific performance and risks associated with the Underlying Security.
High Portfolio Turnover Risk:
Each Underlying YieldMax™ ETF may actively and frequently trade all or a significant portion of the Underlying YieldMax™ ETF’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Underlying YieldMax™ ETF’s expenses.
New Fund Risk:
The Fund is a recently organized management investment company with no operating history. Prospective investors do not have a track record or history on which to base their investment decisions.
Liquidity Risk. Some securities held by the Underlying YieldMax™ ETFs, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Underlying YieldMax™ ETFs as each will hold options contracts on a single security, and not a broader range of options contracts. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes inside or outside the United States. Illiquid securities may be difficult to value, especially in changing or volatile markets. If an Underlying YieldMax™ ETF is forced to sell an illiquid security at an unfavorable time or price, the Underlying YieldMax™ ETF may be adversely impacted. Certain market conditions or restrictions, such as market rules related to short sales, may prevent the Underlying YieldMax™ ETF from limiting losses, realizing gains or achieving a high correlation with the Underlying Security. There is no assurance that a security that is deemed liquid when purchased will continue to be liquid. Market illiquidity may cause losses for the Underlying YieldMax™ ETFs.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
Launch & Structure Partner: Tidal ETF Services
The Funds are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with YieldMax or Tidal.