YQQQ
YieldMax™ Short N100 Option Income Strategy ETF
The Fund does not invest directly in the companies that comprise the Nasdaq 100 Index (the Index). Indexes cannot be invested in directly.
Investing in the fund involves a high degree of risk.
The Fund’s strategy will cap its potential gains if the Index level decreases in value. However, the Fund’s strategy is subject to all potential losses (up to 100%) if the Index level increases in value. Such losses may not be offset by income received by the Fund. The Fund may not be suitable for all investors.
Shareholders of the Fund are not entitled to any dividends paid by any companies that comprise the Index.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING ISSUER.
Distribution Rate*:
Rate | Name | Date |
---|---|---|
27.17 | YieldMax YQQQ Option Income Strategy ETF | 10/04/2024 |
30-Day SEC Yield**:
Name | value | date |
---|---|---|
30-Day SEC Yield | 3.63 | 09/30/2024 |
*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. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. 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. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.
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.
Distribution Details
For YieldMax™ ETFs Distribution Schedules, click here.
ticker_name | Distribution per Share | declared date | ex date | record date | payable date |
---|---|---|---|---|---|
YQQQ | 0.4231 | 09/05/2024 | 09/06/2024 | 09/06/2024 | 09/09/2024 |
YQQQ | 0.0000 | 11/30/-0001 | 11/30/-0001 | 11/30/-0001 | 11/30/-0001 |
*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. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. 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. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.
Fund Overview
YieldMax™ Short N100 Option Income Strategy ETF (YQQQ) is an actively managed ETF that seeks to generate monthly income from a synthetic covered put strategy on the Nasdaq 100 Index (the “Index”), while providing indirect short exposure to the performance of the Index.
Investment Objective
YQQQ’s primary investment objective is to seek current income. YQQQ’s secondary investment objective is to seek inverse (opposite or short) exposure to the performance of the Index, subject to a limit on potential investment gains.
Fund Information
wdt_ID | New column | New column |
---|---|---|
1 | Fund Name | YieldMax™ YQQQ Short N100 Option Income Strategy ETF |
2 | Ticker | YQQQ |
3 | Fund Inception | 8/14/2024 |
4 | Primary Exchange | NASDAQ |
5 | CUSIP | 88636J 451 |
7 | Gross Expense Ratio | 0.99% |
Name | value | date |
---|---|---|
30-Day SEC Yield | 3.63 | 09/30/2024 |
Fund Name | Fund Ticker | CUSIP | 30-Day SEC Yield | Date |
---|---|---|---|---|
YieldMax TSLA Option Income Strategy ETF | TSLY | 88636J444 | 3.09 | 09/30/2024 |
*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 | $5.14m |
NAV | $18.69 |
Shares Outstanding | 275,000 |
Premium/Discount Percentage | -0.10% |
Closing Price | $18.67 |
Median 30 Day Spread** | 0.27% |
Rate Date |
---|
10/04/2024 |
**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 |
---|
09/30/2024 |
Fund Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception Cumulative (8/14/2024) | Since Inception Annualized (8/14/2024) | Fund Name | Date |
---|---|---|---|---|---|---|---|---|---|---|---|
YQQQ NAV | -3.53 | – | – | – | – | – | – | -4.81 | – | YieldMax Short N100 Option Income Strategy ETF | 09/30/2024 |
YQQQ MKT | -3.4 | – | – | – | – | – | – | -4.65 | – | YieldMax Short N100 Option Income Strategy ETF | 09/30/2024 |
SPTR2 | 2.14 | – | – | – | – | – | – | 5.85 | S&P 500 TR | 09/30/2024 |
Name |
---|
09/30/2024 |
Fund Ticker | 1-Month | 3-Month | 6-Month | YTD | 1-Year | 3-Year | 5-Year | Since Inception Cumulative (8/14/2024) | Since Inception Annualized (8/14/2024) | Fund Name | Date |
---|---|---|---|---|---|---|---|---|---|---|---|
YQQQ NAV | -3.53 | – | – | – | – | – | – | -4.81 | – | YieldMax Short N100 Option Income Strategy ETF | 09/30/2024 |
YQQQ MKT | -3.4 | – | – | – | – | – | – | -4.65 | – | YieldMax Short N100 Option Income Strategy ETF | 09/30/2024 |
SPTR2 | 2.14 | – | – | – | – | – | – | 5.85 | 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 |
---|
10/07/2024 |
Security Name | CUSIP | Shares | Price | Market Value | Net Assets | Weightings | StockTicker | SharesOutstanding | Date | CreationUnits | Account | MoneyMarketFlag |
---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ 11/15/2024 450.02 C | 2QQQ 241115C00450020 | -106.00 | 43.88 | -465,179.82 | 5,138,540 | -9.04% | 2QQQ 241115C00450020 | 275,000 | 10/07/2024 | 11 | YQQQ | |
United States Treasury Note/Bond 0.75% 11/15/2024 | 91282CDH1 | 1,259,000.00 | 99.56 | 1,253,484.25 | 5,138,540 | 24.36% | 91282CDH1 | 275,000 | 10/07/2024 | 11 | YQQQ | |
United States Treasury Note/Bond 2.625% 04/15/2025 | 91282CEH0 | 1,337,000.00 | 99.12 | 1,325,222.70 | 5,138,540 | 25.76% | 91282CEH0 | 275,000 | 10/07/2024 | 11 | YQQQ | |
United States Treasury Note/Bond 3% 07/15/2025 | 91282CEY3 | 1,337,000.00 | 99.09 | 1,324,826.62 | 5,138,540 | 25.75% | 91282CEY3 | 275,000 | 10/07/2024 | 11 | YQQQ | |
United States Treasury Note/Bond 3.875% 01/15/2026 | 91282CGE5 | 1,330,000.00 | 99.75 | 1,326,726.95 | 5,138,540 | 25.79% | 91282CGE5 | 275,000 | 10/07/2024 | 11 | YQQQ | |
First American Government Obligations Fund 12/01/2031 | 31846V336 | 35,087.82 | 100.00 | 35,087.82 | 5,138,540 | 0.68% | FGXXX | 275,000 | 10/07/2024 | 11 | YQQQ | Y |
QQQ US 10/11/24 P467 | QQQ 241011P00467000 | -20.00 | 0.67 | -1,330.00 | 5,138,540 | -0.03% | QQQ 241011P00467000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
INVESCO PUT OPT 10/24 473 | QQQ 241011P00473000 | -86.00 | 1.19 | -10,191.00 | 5,138,540 | -0.20% | QQQ 241011P00473000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
QQQ US 10/18/24 C620 | QQQ 241018C00620000 | 77.00 | 0.01 | 38.50 | 5,138,540 | 0.00% | QQQ 241018C00620000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
QQQ US 11/15/24 C600 | QQQ 241115C00600000 | 36.00 | 0.03 | 90.00 | 5,138,540 | 0.00% | QQQ 241115C00600000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
QQQ US 11/15/24 C645 | QQQ 241115C00645000 | 77.00 | 0.01 | 77.00 | 5,138,540 | 0.00% | QQQ 241115C00645000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
QQQ US 11/15/24 P450 | QQQ 241115P00450000 | 106.00 | 4.00 | 42,347.00 | 5,138,540 | 0.82% | QQQ 241115P00450000 | 275,000 | 10/07/2024 | 11 | YQQQ | |
Cash & Other | Cash&Other | 313,800.04 | 1.00 | 313,800.04 | 5,138,540 | 6.10% | Cash&Other | 275,000 | 10/07/2024 | 11 | YQQQ | Y |
Purchase Information
This Fund is not affiliated with these financial service firms.
Their listing should not be viewed as a recommendation or endorsement.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus or summary prospectus. Please read the prospectuses carefully before you invest.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH NASDAQ.
Investments involve risk. Principal loss is possible.
Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.
Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given time period.
Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the Index level increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options.
Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in the decreases of the Index level and, in turn, the Fund’s returns, both during the term of the sold put options and over longer time periods.
High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.
Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.
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.
Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.
The funds are distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with YieldMax.
Launch & Structure Partner: Tidal Financial Group