YieldMax™ today announced monthly distributions for the following
YieldMax™ Option Income Strategy ETFs:
ETF Ticker1 |
ETF Name |
ReferenceAsset |
Distribution per Share |
Distribution Rate2 |
30-Day SEC Yield3 |
Ex-Date |
Record Date |
Payment Date |
TSLY |
YieldMax™ TSLA Option Income Strategy ETF |
TSLA |
$0.6942 |
52.76% |
4.21% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
OARK |
YieldMax™ Innovation Option Income Strategy ETF |
ARKK |
$0.5263 |
53.19% |
4.86% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
APLY |
YieldMax™ AAPL Option Income Strategy ETF |
AAPL |
$0.3389 |
24.17% |
4.27% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
NVDY |
YieldMax™ NVDA Option Income Strategy ETF |
NVDA |
$1.1988 |
56.51% |
4.71% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
AMZY |
YieldMax™ AMZN Option Income Strategy ETF |
AMZN |
$0.9726 |
49.25% |
4.38% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
FBY |
YieldMax™ META Option Income Strategy ETF |
META |
$0.8978 |
55.21% |
5.04% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
GOOY |
YieldMax™ GOOGL Option Income Strategy ETF |
GOOGL |
$0.6677 |
44.39% |
3.86% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
NFLY |
YieldMax™ NFLX Option Income Strategy ETF |
NFLX |
$0.9666 |
67.74% |
4.78% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
CONY |
YieldMax™ COIN Option Income Strategy ETF |
COIN |
$2.2807 |
109.51% |
5.25% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
MSFO |
YieldMax™ MSFT Option Income Strategy ETF |
MSFT |
$0.5725 |
32.57% |
4.54% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
DISO |
YieldMax™ DIS Option Income Strategy ETF |
DIS |
$0.7056 |
41.27% |
4.46% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
XOMO |
YieldMax™ XOM Option Income Strategy ETF |
XOM |
$0.3350 |
22.41% |
4.15% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
JPMO |
YieldMax™ JPM Option Income Strategy ETF |
JPM |
$0.4171 |
25.13% |
4.52% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
AMDY |
YieldMax™ AMD Option Income Strategy ETF |
AMD |
$0.5115 |
37.35% |
5.38% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
PYPY |
YieldMax™ PYPL Option Income Strategy ETF |
PYPL |
$0.9420 |
56.74% |
3.93% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
SQY |
YieldMax™ SQ Option Income Strategy ETF |
SQ |
$1.1197 |
61.75% |
4.62% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
MRNY |
YieldMax™ MRNA Option Income Strategy ETF |
MRNA |
$0.9472 |
53.25% |
4.36% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
AIYY |
YieldMax™ AI Option Income Strategy ETF |
AI |
$0.4075 |
39.51% |
5.38% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
MSTY |
YieldMax™ MSTR Option Income Strategy ETF |
MSTR |
$2.5239 |
103.22% |
0.25% |
5/6/2024 |
5/7/2024 |
5/8/2024 |
YBIT* |
YieldMax™ Bitcoin Option Income Strategy ETF |
Bitcoin ETP |
- |
- |
- |
- |
- |
- |
CRSH* |
YieldMax™ Short TSLA Option Income Strategy ETF |
TSLA |
- |
- |
- |
- |
- |
- |
* The inception date for YBIT is April 22, 2024. The inception
date for CRSH is May 1, 2024.
1 All YieldMax™ ETFs shown in the table above have a gross
expense ratio of 0.99%.
2 The Distribution Rate shown is as of close on May 2, 2024. The
Distribution Rate is the annual yield an investor would receive if
the most recent 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. Distributions
may also include a combination of ordinary dividends, capital gain,
and return of investor capital, which may decrease an ETF’s NAV and
trading price over time. As a result, an investor may suffer
significant losses to their investment. These Distribution Rates
may be caused by unusually favorable market conditions and 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.
3 The 30-Day SEC Yield represents net investment income,
which excludes option income,
earned by such ETF over the 30-Day period ended April 30, 2024,
expressed as an annual percentage rate based on such ETF’s share
price at the end of the 30-Day period.
Each Fund has a limited operating history and while each
Fund's objective is to provide current income, there is no
guarantee the Fund will make a distribution. Distributions are
likely to vary greatly in amount.
Standardized Performance
For TSLY, click here. For OARK, click here. For APLY, click
here. For NVDY, click here. For AMZY, click here. For FBY, click
here. For GOOY, click here. For NFLY, click here. For CONY, click
here. For MSFO, click here. For DISO, click here. For XOMO, click
here. For JPMO, click here. For AMDY, click here. For PYPY, click
here. For SQY, click here. For MRNY, click here. For AIYY, click
here. For MSTY, click here.
Prospectus
Click here.
Investors in the Funds will not have rights to receive dividends
or other distributions with respect to the underlying reference
asset(s).
The performance data quoted above 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
above. Performance current to the most recent month-end can be
obtained by calling (833)
378-0717.
Distributions are not guaranteed. The
Distribution Rate and 30-Day SEC Yield are 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 FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH
ANY UNDERLYING REFERENCE ASSET.
Risk Disclosures (applicable only to CRSH)
Investing involves risk. Principal loss is possible.
TSLA Price 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 share price of
TSLA common stock (TSLA). This strategy subjects the Fund to
certain of the same risks as if it shorted shares of TSLA, even
though it does not. By virtue of the Fund’s indirect inverse
exposure to changes in the share price of TSLA, the Fund is subject
to the risk that TSLA’s share price increases. 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 price decreases of TSLA
and, in turn, the Fund’s returns, both during the term of the sold
put options and over longer time periods. Purchased OTM
Call Options Risk. The Fund’s strategy is subject to
potential losses if TSLA shares increase in value, which may not be
offset by the purchase of out-of-the-money (OTM) call options. The
Fund purchases OTM calls to seek to manage (cap) the Fund’s
potential losses from the Fund’s short exposure to TSLA if it
appreciates significantly in value. However, the OTM call options
will cap the Fund’s losses only to the extent that the share price
of TSLA increases to a price that is at or above the strike price
of the purchased OTM call options. Any increase in the share price
of TSLA to a price that is below the strike price of the purchased
OTM call options will result in a corresponding loss for the Fund.
For example, if the OTM call options have a strike price that is
approximately 100% above the then-current share price of TSLA at
the time of the call option purchase, and the share price of TSLA
increases by at least 100% during the term of the purchased OTM
call options, the Fund will lose all its value. Since the Fund
bears the costs of purchasing the OTM calls, such costs will
decrease the Fund’s value and/or any income otherwise generated by
the Fund’s investment strategy. Indirect Investment
Risk. The underlying reference assets are not affiliated
with the Trust, the Fund, the Adviser, the Sub-Adviser, or their
respective affiliates and are not involved with this offering in
any way and have no obligation to consider your Fund shares in
taking any corporate action that might affect the value of your
Fund shares. Investors in the Funds will not have voting rights and
will not be able to influence management of any underlying
reference asset but will be exposed to the performance of such
asset. Investors in the Funds will not have rights to receive
dividends or other distributions or any other rights with respect
to any underlying reference asset, but will be subject to adverse
performance of the underlying reference asset. U.S.
Obligations Risk: The Funds may invest in securities
issued by the U.S. government or its agencies or instrumentalities.
U.S. Government obligations include securities issued or guaranteed
as to principal and interest by the U.S. Government, its agencies
or instrumentalities, such as the U.S. Treasury. Payment of
principal and interest on U.S. Government obligations may be backed
by the full faith and credit of the United States or may be backed
solely by the issuing or guaranteeing agency or instrumentality
itself. In the latter case, the investor must look principally to
the agency or instrumentality issuing or guaranteeing the
obligation for ultimate repayment, which agency or instrumentality
may be privately owned. There can be no assurance that the U.S.
Government would provide financial support to its agencies or
instrumentalities (including government sponsored enterprises)
where it is not obligated to do so. Currency
Risk. The Funds are exposed to currency risk
indirectly due to their investments or holdings. The Funds’ net
asset values are determined on the basis of the U.S. dollar,
therefore, the Funds may lose value if the local currency of a
foreign market depreciates against the U.S. dollar, even if the
local currency value of the Funds’ holdings go up.
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.
Options Contracts. The use of options
contracts involves investment strategies and risks different from
those associated with ordinary portfolio securities transactions.
The prices of options are volatile and are influenced by, among
other things, actual and anticipated changes in the value of the
underlying reference asset, including the anticipated volatility,
which are affected by fiscal and monetary policies and by national
and international political, changes in the actual or implied
volatility or the reference asset, the time remaining until the
expiration of the option contract and economic events.
Distribution Risk. As part of the Fund’s
investment objective, the Fund seeks to provide current 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. High Portfolio Turnover
Risk. The Fund may actively and frequently trade all or a
significant portion of the Fund’s holdings. 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. 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. 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. Price
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 participate in decreases
in value experienced by TSLA over the Put Period. 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
(e.g., TSLA), 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.
Risk Disclosures (applicable to all YieldMax ETFs
referenced above, except
CRSH)
Investing involves risk. Principal loss is possible.
Call Writing Strategy Risk. The path dependency
(i.e., the continued use) of the Fund’s call writing strategy will
impact the extent that the Fund participates in the positive price
returns of the underlying reference asset and, in turn, the Fund’s
returns, both during the term of the sold call options and over
longer time periods. Indirect Investment Risk. The
underlying reference assets are not affiliated with the Trust, the
Fund, the Adviser, the Sub-Adviser, or their respective affiliates
and are not involved with this offering in any way and have no
obligation to consider your Fund shares in taking any corporate
action that might affect the value of your Fund shares. Investors
in the Funds will not have voting rights and will not be able to
influence management of any underlying reference asset but will be
exposed to the performance of such asset. Investors in the Funds
will not have rights to receive dividends or other distributions or
any other rights with respect to any underlying reference asset,
but will be subject to adverse performance of the underlying
reference asset. U.S. Obligations Risk: The Funds
may invest in securities issued by the U.S. government or its
agencies or instrumentalities. U.S. Government obligations include
securities issued or guaranteed as to principal and interest by the
U.S. Government, its agencies or instrumentalities, such as the
U.S. Treasury. Payment of principal and interest on U.S. Government
obligations may be backed by the full faith and credit of the
United States or may be backed solely by the issuing or
guaranteeing agency or instrumentality itself. In the latter case,
the investor must look principally to the agency or instrumentality
issuing or guaranteeing the obligation for ultimate repayment,
which agency or instrumentality may be privately owned. There can
be no assurance that the U.S. Government would provide financial
support to its agencies or instrumentalities (including government
sponsored enterprises) where it is not obligated to do so.
Currency Risk. The Funds are exposed to
currency risk indirectly due to their investments or holdings. The
Funds’ net asset values are determined on the basis of the U.S.
dollar, therefore, the Funds may lose value if the local currency
of a foreign market depreciates against the U.S. dollar, even if
the local currency value of the Funds’ holdings go up.
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.
Options Contracts. The use of options
contracts involves investment strategies and risks different from
those associated with ordinary portfolio securities transactions.
The prices of options are volatile and are influenced by, among
other things, actual and anticipated changes in the value of the
underlying instrument, including the anticipated volatility, which
are affected by fiscal and monetary policies and by national and
international political, changes in the actual or implied
volatility or the reference asset, the time remaining until the
expiration of the option contract and economic events.
Distribution Risk. As part of the Fund’s
investment objective, the Fund seeks to provide current 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. High Portfolio Turnover
Risk. The Fund may actively and frequently trade all or a
significant portion of the Fund’s holdings. 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. 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. 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. Price
Participation Risk. The Fund employs an investment
strategy that includes the sale of call option contracts, which
limits the degree to which the Fund will participate in increases
in value experienced by the underlying reference asset over the
Call Period. 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 (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL,
NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR,
Bitcoin ETP), 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.
YieldMax™ ETFs are distributed by Foreside Fund Services, LLC.
Foreside is not affiliated with Tidal Financial Group, YieldMax™
ETFs or ZEGA Financial.
© 2024 YieldMax™ ETFs
Contact Gavin Filmore at gfilmore@tidalfg.com for more information.