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 |
---|---|---|
107.58 | YieldMax ULTY Option Income Strategy ETF | 11/01/2024 |
30-Day SEC Yield**:
Name | value | date |
---|---|---|
30-Day SEC Yield | 0.00 | 10/31/2024 |
Distribution Details
For YieldMax™ ETFs Distribution Schedules, click here.
ticker_name | Distribution per Share | declared date | ex date | record date | payable date |
---|---|---|---|---|---|
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.
YieldMax™ ETF distributions may contain return of capital, but an estimate cannot be provided at this time. Please refer to the 19a-1 notices at here for additional details regarding the distributions’ composition, once available.
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 | 10/31/2024 |
Fund Name | Fund Ticker | CUSIP | 30-Day SEC Yield | Date |
---|---|---|---|---|
YieldMax TSLA Option Income Strategy ETF | TSLY | 88636J444 | 3.84 | 10/31/2024 |
* 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 | $207.50m |
NAV | $9.99 |
Shares Outstanding | 20,775,000 |
Premium/Discount Percentage | -0.08% |
Closing Price | $9.98 |
Median 30 Day Spread** | 0.1% |
Rate Date |
---|
11/01/2024 |
**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 |
---|
10/31/2024 |
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 | 1.25 | 2.21 | 8.12 | – | – | – | – | -7.68 | – | YieldMax Ultra Option Income Strategy ETF | 10/31/2024 |
ULTY MKT | 1.18 | 2.12 | 8.28 | – | – | – | – | -7.13 | – | YieldMax Ultra Option Income Strategy ETF | 10/31/2024 |
SPTR2 | -0.91 | 3.66 | 14.08 | – | – | – | – | 13.56 | S&P 500 TR | 10/31/2024 |
Name |
---|
09/30/2024 |
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 | 2.63 | -1.06 | -6.81 | – | – | – | – | -8.83 | – | YieldMax Ultra Option Income Strategy ETF | 09/30/2024 |
ULTY MKT | 2.72 | -0.77 | -6.26 | – | – | – | – | -8.21 | – | YieldMax Ultra Option Income Strategy ETF | 09/30/2024 |
SPTR2 | 2.14 | 5.89 | 10.42 | – | – | – | – | 14.60 | S&P 500 TR | 09/30/2024 |
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 |
---|
11/05/2024 |
Security Name | CUSIP | Shares | Market Value | Weightings | Net Assets | StockTicker | SharesOutstanding | Date | Price | CreationUnits | Account | MoneyMarketFlag |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL US 11/08/24 C240 | AAPL 241108C00240000 | -1,500.00 | -3,750.00 | 0.00% | 209,900,690 | AAPL 241108C00240000 | 21,100,000 | 11/05/2024 | 0.03 | 844 | ULTY | |
AAPL US 11/08/24 C245 | AAPL 241108C00245000 | 1,500.00 | 750.01 | 0.00% | 209,900,690 | AAPL 241108C00245000 | 21,100,000 | 11/05/2024 | 0.01 | 844 | ULTY | |
AAPL US 11/08/24 P212.5 | AAPL 241108P00212500 | 1,500.00 | 70,500.00 | 0.03% | 209,900,690 | AAPL 241108P00212500 | 21,100,000 | 11/05/2024 | 0.47 | 844 | ULTY | |
AAPL US 11/08/24 P217.5 | AAPL 241108P00217500 | -1,500.00 | -192,750.00 | -0.09% | 209,900,690 | AAPL 241108P00217500 | 21,100,000 | 11/05/2024 | 1.29 | 844 | ULTY | |
AMD US 11/08/24 P145 | AMD 241108P00145000 | 310.00 | 172,825.00 | 0.08% | 209,900,690 | AMD 241108P00145000 | 21,100,000 | 11/05/2024 | 5.58 | 844 | ULTY | |
AMD US 11/08/24 P160 | AMD 241108P00160000 | -310.00 | -599,075.00 | -0.29% | 209,900,690 | AMD 241108P00160000 | 21,100,000 | 11/05/2024 | 19.33 | 844 | ULTY | |
American Superconductor Corp | 030111207 | 200,000.00 | 5,408,000.00 | 2.57% | 209,900,690 | AMSC | 21,100,000 | 11/05/2024 | 27.04 | 844 | ULTY | |
AMSC US 11/15/24 C27 | AMSC 241115C00027000 | -2,000.00 | -370,000.00 | -0.18% | 209,900,690 | AMSC 241115C00027000 | 21,100,000 | 11/05/2024 | 1.85 | 844 | ULTY | |
AMSC US 11/15/24 P19 | AMSC 241115P00019000 | 2,000.00 | 5,000.01 | 0.00% | 209,900,690 | AMSC 241115P00019000 | 21,100,000 | 11/05/2024 | 0.03 | 844 | ULTY | |
AMZN US 11/08/24 C202.5 | AMZN 241108C00202500 | -1,500.00 | -88,500.00 | -0.04% | 209,900,690 | AMZN 241108C00202500 | 21,100,000 | 11/05/2024 | 0.59 | 844 | ULTY | |
AMZN US 11/08/24 C207.5 | AMZN 241108C00207500 | 1,500.00 | 18,750.00 | 0.01% | 209,900,690 | AMZN 241108C00207500 | 21,100,000 | 11/05/2024 | 0.13 | 844 | ULTY | |
AMZN US 11/08/24 P170 | AMZN 241108P00170000 | 1,500.00 | 7,500.00 | 0.00% | 209,900,690 | AMZN 241108P00170000 | 21,100,000 | 11/05/2024 | 0.05 | 844 | ULTY | |
AMZN US 11/08/24 P175 | AMZN 241108P00175000 | -1,500.00 | -12,750.00 | -0.01% | 209,900,690 | AMZN 241108P00175000 | 21,100,000 | 11/05/2024 | 0.09 | 844 | ULTY | |
Calumet Inc | 131428104 | 400,000.00 | 8,412,000.00 | 4.00% | 209,900,690 | CLMT | 21,100,000 | 11/05/2024 | 21.03 | 844 | ULTY | |
CLMT US 11/15/24 C23 | CLMT 241115C00023000 | -4,000.00 | -310,000.00 | -0.15% | 209,900,690 | CLMT 241115C00023000 | 21,100,000 | 11/05/2024 | 0.78 | 844 | ULTY | |
Coinbase Global Inc | 19260Q107 | 23,000.00 | 4,284,210.00 | 2.04% | 209,900,690 | COIN | 21,100,000 | 11/05/2024 | 186.27 | 844 | ULTY | |
COINBASE CLL OPT 11/24 195 | COIN 241108C00195000 | -230.00 | -154,675.00 | -0.07% | 209,900,690 | COIN 241108C00195000 | 21,100,000 | 11/05/2024 | 6.73 | 844 | ULTY | |
COIN US 11/08/24 C232.5 | COIN 241108C00232500 | 230.00 | 15,985.00 | 0.01% | 209,900,690 | COIN 241108C00232500 | 21,100,000 | 11/05/2024 | 0.70 | 844 | ULTY | |
Trump Media & Technology Group Corp | 25400Q105 | 95,000.00 | 3,262,300.00 | 1.55% | 209,900,690 | DJT | 21,100,000 | 11/05/2024 | 34.34 | 844 | ULTY | |
DJT US 11/15/24 C65 | DJT 241115C00065000 | -950.00 | -304,475.00 | -0.14% | 209,900,690 | DJT 241115C00065000 | 21,100,000 | 11/05/2024 | 3.21 | 844 | ULTY | |
DJT US 11/15/24 P20 | DJT 241115P00020000 | -950.00 | -311,125.00 | -0.15% | 209,900,690 | DJT 241115P00020000 | 21,100,000 | 11/05/2024 | 3.28 | 844 | ULTY | |
DJT US 11/15/24 P45 | DJT 241115P00045000 | 950.00 | 1,679,125.00 | 0.80% | 209,900,690 | DJT 241115P00045000 | 21,100,000 | 11/05/2024 | 17.68 | 844 | ULTY | |
Enphase Energy Inc | 29355A107 | 80,000.00 | 6,996,800.00 | 3.33% | 209,900,690 | ENPH | 21,100,000 | 11/05/2024 | 87.46 | 844 | ULTY | |
ENPH US 11/08/24 C90 | ENPH 241108C00090000 | -800.00 | -254,000.00 | -0.12% | 209,900,690 | ENPH 241108C00090000 | 21,100,000 | 11/05/2024 | 3.18 | 844 | ULTY | |
First American Government Obligations Fund 12/01/2031 | 31846V336 | 31,689,830.79 | 31,689,830.79 | 15.09% | 209,900,690 | FGXXX | 21,100,000 | 11/05/2024 | 100.00 | 844 | ULTY | Y |
First Solar Inc | 336433107 | 25,000.00 | 5,307,000.00 | 2.53% | 209,900,690 | FSLR | 21,100,000 | 11/05/2024 | 212.28 | 844 | ULTY | |
FSLR US 11/15/24 C220 | FSLR 241115C00220000 | -250.00 | -369,375.00 | -0.18% | 209,900,690 | FSLR 241115C00220000 | 21,100,000 | 11/05/2024 | 14.78 | 844 | ULTY | |
FSLR US 11/15/24 P180 | FSLR 241115P00180000 | 250.00 | 112,500.00 | 0.05% | 209,900,690 | FSLR 241115P00180000 | 21,100,000 | 11/05/2024 | 4.50 | 844 | ULTY | |
HIMS US 11/08/24 C18 | HIMS 241108C00018000 | 3,600.00 | 1,296,000.00 | 0.62% | 209,900,690 | HIMS 241108C00018000 | 21,100,000 | 11/05/2024 | 3.60 | 844 | ULTY | |
HIMS US 11/08/24 C24 | HIMS 241108C00024000 | -3,600.00 | -324,000.00 | -0.15% | 209,900,690 | HIMS 241108C00024000 | 21,100,000 | 11/05/2024 | 0.90 | 844 | ULTY | |
HOOD US 11/08/24 C25 | HOOD 241108C00025000 | -4,200.00 | -214,200.00 | -0.10% | 209,900,690 | HOOD 241108C00025000 | 21,100,000 | 11/05/2024 | 0.51 | 844 | ULTY | |
HOOD US 11/08/24 C27 | HOOD 241108C00027000 | 2,100.00 | 19,950.00 | 0.01% | 209,900,690 | HOOD 241108C00027000 | 21,100,000 | 11/05/2024 | 0.10 | 844 | ULTY | |
HOOD US 11/15/24 C20 | HOOD 241115C00020000 | 2,100.00 | 939,750.00 | 0.45% | 209,900,690 | HOOD 241115C00020000 | 21,100,000 | 11/05/2024 | 4.48 | 844 | ULTY | |
Direxion Daily S&P Biotech Bull 3X Shares | 25460G120 | 70,000.00 | 8,928,500.00 | 4.25% | 209,900,690 | LABU | 21,100,000 | 11/05/2024 | 127.55 | 844 | ULTY | |
LABU US 11/08/24 C136 | LABU 241108C00136000 | -400.00 | -127,000.00 | -0.06% | 209,900,690 | LABU 241108C00136000 | 21,100,000 | 11/05/2024 | 3.18 | 844 | ULTY | |
LABU US 11/08/24 C137 | LABU 241108C00137000 | -300.00 | -93,300.00 | -0.04% | 209,900,690 | LABU 241108C00137000 | 21,100,000 | 11/05/2024 | 3.11 | 844 | ULTY | |
MARA Holdings Inc | 565788106 | 550,000.00 | 8,525,000.00 | 4.06% | 209,900,690 | MARA | 21,100,000 | 11/05/2024 | 15.50 | 844 | ULTY | |
MARA HOL CLL OPT 11/24 17 | MARA 241108C00017000 | -5,500.00 | -286,000.00 | -0.14% | 209,900,690 | MARA 241108C00017000 | 21,100,000 | 11/05/2024 | 0.52 | 844 | ULTY | |
MARA US 11/08/24 C21 | MARA 241108C00021000 | 5,500.00 | 41,250.00 | 0.02% | 209,900,690 | MARA 241108C00021000 | 21,100,000 | 11/05/2024 | 0.08 | 844 | ULTY | |
MSFT US 11/08/24 C455 | MSFT 241108C00455000 | -500.00 | -750.00 | 0.00% | 209,900,690 | MSFT 241108C00455000 | 21,100,000 | 11/05/2024 | 0.02 | 844 | ULTY | |
MSFT US 11/08/24 C460 | MSFT 241108C00460000 | 500.00 | 750.00 | 0.00% | 209,900,690 | MSFT 241108C00460000 | 21,100,000 | 11/05/2024 | 0.02 | 844 | ULTY | |
MSFT US 11/08/24 P410 | MSFT 241108P00410000 | 500.00 | 276,250.00 | 0.13% | 209,900,690 | MSFT 241108P00410000 | 21,100,000 | 11/05/2024 | 5.53 | 844 | ULTY | |
MSFT US 11/08/24 P415 | MSFT 241108P00415000 | -500.00 | -426,250.00 | -0.20% | 209,900,690 | MSFT 241108P00415000 | 21,100,000 | 11/05/2024 | 8.53 | 844 | ULTY | |
MicroStrategy Inc | 594972408 | 35,000.00 | 7,804,650.00 | 3.72% | 209,900,690 | MSTR | 21,100,000 | 11/05/2024 | 222.99 | 844 | ULTY | |
MSTR US 11/08/24 C260 | MSTR 241108C00260000 | -350.00 | -144,375.00 | -0.07% | 209,900,690 | MSTR 241108C00260000 | 21,100,000 | 11/05/2024 | 4.13 | 844 | ULTY | |
MSTR US 11/08/24 C300 | MSTR 241108C00300000 | 350.00 | 37,625.00 | 0.02% | 209,900,690 | MSTR 241108C00300000 | 21,100,000 | 11/05/2024 | 1.08 | 844 | ULTY | |
Novavax Inc | 670002401 | 800,000.00 | 7,296,000.00 | 3.47% | 209,900,690 | NVAX | 21,100,000 | 11/05/2024 | 9.12 | 844 | ULTY | |
NVAX US 11/08/24 C10.5 | NVAX 241108C00010500 | -8,000.00 | -176,000.00 | -0.08% | 209,900,690 | NVAX 241108C00010500 | 21,100,000 | 11/05/2024 | 0.22 | 844 | ULTY | |
NVAX US 11/08/24 C13 | NVAX 241108C00013000 | 8,000.00 | 28,000.00 | 0.01% | 209,900,690 | NVAX 241108C00013000 | 21,100,000 | 11/05/2024 | 0.04 | 844 | ULTY | |
NVAX US 11/08/24 P8.5 | NVAX 241108P00008500 | 8,000.00 | 316,000.00 | 0.15% | 209,900,690 | NVAX 241108P00008500 | 21,100,000 | 11/05/2024 | 0.40 | 844 | ULTY | |
NVIDIA Corp | 67066G104 | 65,000.00 | 8,843,250.00 | 4.21% | 209,900,690 | NVDA | 21,100,000 | 11/05/2024 | 136.05 | 844 | ULTY | |
NVDA US 11/08/24 C144 | NVDA 241108C00144000 | -650.00 | -41,275.00 | -0.02% | 209,900,690 | NVDA 241108C00144000 | 21,100,000 | 11/05/2024 | 0.64 | 844 | ULTY | |
NVDA US 11/08/24 C152.5 | NVDA 241108C00152500 | 650.00 | 4,875.00 | 0.00% | 209,900,690 | NVDA 241108C00152500 | 21,100,000 | 11/05/2024 | 0.08 | 844 | ULTY | |
Palantir Technologies Inc | 69608A108 | 200,000.00 | 8,282,000.00 | 3.94% | 209,900,690 | PLTR | 21,100,000 | 11/05/2024 | 41.41 | 844 | ULTY | |
PLTR US 11/08/24 C47 | PLTR 241108C00047000 | -2,000.00 | -167,000.00 | -0.08% | 209,900,690 | PLTR 241108C00047000 | 21,100,000 | 11/05/2024 | 0.84 | 844 | ULTY | |
PLTR US 11/08/24 P38 | PLTR 241108P00038000 | 2,000.00 | 256,000.00 | 0.12% | 209,900,690 | PLTR 241108P00038000 | 21,100,000 | 11/05/2024 | 1.28 | 844 | ULTY | |
Redfin Corp | 75737F108 | 850,000.00 | 8,874,000.00 | 4.22% | 209,900,690 | RDFN | 21,100,000 | 11/05/2024 | 10.44 | 844 | ULTY | |
RDFN US 11/08/24 C11 | RDFN 241108C00011000 | -8,500.00 | -425,000.00 | -0.20% | 209,900,690 | RDFN 241108C00011000 | 21,100,000 | 11/05/2024 | 0.50 | 844 | ULTY | |
RDFN US 11/08/24 C12.5 | RDFN 241108C00012500 | 8,500.00 | 148,750.00 | 0.07% | 209,900,690 | RDFN 241108C00012500 | 21,100,000 | 11/05/2024 | 0.18 | 844 | ULTY | |
REDFIN C PUT OPT 11/24 10 | RDFN 241108P00010000 | 8,500.00 | 446,250.00 | 0.21% | 209,900,690 | RDFN 241108P00010000 | 21,100,000 | 11/05/2024 | 0.53 | 844 | ULTY | |
EchoStar Corp | 278768106 | 250,000.00 | 6,067,500.00 | 2.89% | 209,900,690 | SATS | 21,100,000 | 11/05/2024 | 24.27 | 844 | ULTY | |
ECHOSTAR CLL OPT 11/24 27 | SATS 241115C00027000 | -2,500.00 | -173,750.00 | -0.08% | 209,900,690 | SATS 241115C00027000 | 21,100,000 | 11/05/2024 | 0.70 | 844 | ULTY | |
ECHOSTAR PUT OPT 11/24 20 | SATS 241115P00020000 | 2,500.00 | 83,750.00 | 0.04% | 209,900,690 | SATS 241115P00020000 | 21,100,000 | 11/05/2024 | 0.34 | 844 | ULTY | |
Sweetgreen Inc | 87043Q108 | 250,000.00 | 9,512,500.00 | 4.53% | 209,900,690 | SG | 21,100,000 | 11/05/2024 | 38.05 | 844 | ULTY | |
SG US 11/15/24 C39 | SG 241115C00039000 | -2,500.00 | -925,000.00 | -0.44% | 209,900,690 | SG 241115C00039000 | 21,100,000 | 11/05/2024 | 3.70 | 844 | ULTY | |
SWEETGRE PUT OPT 11/24 28 | SG 241115P00028000 | -2,500.00 | -143,750.00 | -0.07% | 209,900,690 | SG 241115P00028000 | 21,100,000 | 11/05/2024 | 0.58 | 844 | ULTY | |
SWEETGRE PUT OPT 11/24 33 | SG 241115P00033000 | 2,500.00 | 443,750.00 | 0.21% | 209,900,690 | SG 241115P00033000 | 21,100,000 | 11/05/2024 | 1.78 | 844 | ULTY | |
NuScale Power Corp | 67079K100 | 250,000.00 | 4,617,500.00 | 2.20% | 209,900,690 | SMR | 21,100,000 | 11/05/2024 | 18.47 | 844 | ULTY | |
NUSCALE CLL OPT 11/24 20 | SMR 241108C00020000 | -2,500.00 | -162,500.00 | -0.08% | 209,900,690 | SMR 241108C00020000 | 21,100,000 | 11/05/2024 | 0.65 | 844 | ULTY | |
SMR US 11/08/24 C26 | SMR 241108C00026000 | 2,500.00 | 18,750.00 | 0.01% | 209,900,690 | SMR 241108C00026000 | 21,100,000 | 11/05/2024 | 0.08 | 844 | ULTY | |
NUSCALE PUT OPT 11/24 16 | SMR 241108P00016000 | 2,500.00 | 75,000.00 | 0.04% | 209,900,690 | SMR 241108P00016000 | 21,100,000 | 11/05/2024 | 0.30 | 844 | ULTY | |
TLN US 11/15/24 P155 | TLN 241115P00155000 | 280.00 | 84,000.00 | 0.04% | 209,900,690 | TLN 241115P00155000 | 21,100,000 | 11/05/2024 | 3.00 | 844 | ULTY | |
TLN US 11/15/24 P175 | TLN 241115P00175000 | -280.00 | -333,200.00 | -0.16% | 209,900,690 | TLN 241115P00175000 | 21,100,000 | 11/05/2024 | 11.90 | 844 | ULTY | |
Direxion Daily Small Cap Bull 3X Shares | 25459W847 | 260,000.00 | 11,195,600.00 | 5.33% | 209,900,690 | TNA | 21,100,000 | 11/05/2024 | 43.06 | 844 | ULTY | |
TNA US 11/08/24 C46.5 | TNA 241108C00046500 | -2,600.00 | -318,500.00 | -0.15% | 209,900,690 | TNA 241108C00046500 | 21,100,000 | 11/05/2024 | 1.23 | 844 | ULTY | |
ProShares UltraPro QQQ | 74347X831 | 160,000.00 | 11,243,200.00 | 5.35% | 209,900,690 | TQQQ | 21,100,000 | 11/05/2024 | 70.27 | 844 | ULTY | |
TQQQ US 11/08/24 C76 | TQQQ 241108C00076000 | -1,600.00 | -114,400.00 | -0.05% | 209,900,690 | TQQQ 241108C00076000 | 21,100,000 | 11/05/2024 | 0.72 | 844 | ULTY | |
Tesla Inc | 88160R101 | 20,000.00 | 4,856,800.00 | 2.31% | 209,900,690 | TSLA | 21,100,000 | 11/05/2024 | 242.84 | 844 | ULTY | |
TSLA US 11/08/24 C265 | TSLA 241108C00265000 | -200.00 | -32,500.00 | -0.02% | 209,900,690 | TSLA 241108C00265000 | 21,100,000 | 11/05/2024 | 1.63 | 844 | ULTY | |
Unity Software Inc | 91332U101 | 450,000.00 | 9,139,500.00 | 4.35% | 209,900,690 | U | 21,100,000 | 11/05/2024 | 20.31 | 844 | ULTY | |
U US 11/08/24 C23 | U 241108C00023000 | -4,500.00 | -229,500.00 | -0.11% | 209,900,690 | U 241108C00023000 | 21,100,000 | 11/05/2024 | 0.51 | 844 | ULTY | |
UNITY SO PUT OPT 11/24 18 | U 241108P00018000 | 4,500.00 | 211,500.00 | 0.10% | 209,900,690 | U 241108P00018000 | 21,100,000 | 11/05/2024 | 0.47 | 844 | ULTY | |
Upstart Holdings Inc | 91680M107 | 120,000.00 | 5,668,800.00 | 2.70% | 209,900,690 | UPST | 21,100,000 | 11/05/2024 | 47.24 | 844 | ULTY | |
UPST US 11/08/24 C55 | UPST 241108C00055000 | -1,200.00 | -271,800.00 | -0.13% | 209,900,690 | UPST 241108C00055000 | 21,100,000 | 11/05/2024 | 2.27 | 844 | ULTY | |
UPST US 11/08/24 C62 | UPST 241108C00062000 | 1,200.00 | 125,400.00 | 0.06% | 209,900,690 | UPST 241108C00062000 | 21,100,000 | 11/05/2024 | 1.05 | 844 | ULTY | |
UPSTART PUT OPT 11/24 36 | UPST 241108P00036000 | -1,200.00 | -99,600.00 | -0.05% | 209,900,690 | UPST 241108P00036000 | 21,100,000 | 11/05/2024 | 0.83 | 844 | ULTY | |
UPSTART PUT OPT 11/24 42 | UPST 241108P00042000 | 1,200.00 | 311,400.00 | 0.15% | 209,900,690 | UPST 241108P00042000 | 21,100,000 | 11/05/2024 | 2.60 | 844 | ULTY | |
Viking Therapeutics Inc | 92686J106 | 110,000.00 | 6,945,400.00 | 3.31% | 209,900,690 | VKTX | 21,100,000 | 11/05/2024 | 63.14 | 844 | ULTY | |
VIKING T CLL OPT 11/24 72 | VKTX 241108C00072000 | -1,100.00 | -77,000.00 | -0.04% | 209,900,690 | VKTX 241108C00072000 | 21,100,000 | 11/05/2024 | 0.70 | 844 | ULTY | |
VKTX US 11/08/24 C80 | VKTX 241108C00080000 | 1,100.00 | 30,250.00 | 0.01% | 209,900,690 | VKTX 241108C00080000 | 21,100,000 | 11/05/2024 | 0.28 | 844 | ULTY | |
Cash & Other | Cash&Other | 17,903,507.05 | 17,903,507.05 | 8.52% | 209,900,690 | Cash&Other | 21,100,000 | 11/05/2024 | 1.00 | 844 | 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.