YieldMax™ today announced monthly distributions for the following
YieldMax™ ETFs:
ETF Ticker1 |
ETF Name |
Reference Asset |
Distribution per Share |
Distribution Rate2 |
30-Day SEC Yield3 |
Ex-Date* |
Record Date* |
Payment Date |
TSLY |
YieldMax™ TSLA Option Income Strategy ETF |
TSLA |
$0.6448 |
51.06% |
4.20% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
OARK |
YieldMax™ Innovation Option Income Strategy ETF |
ARKK |
$0.4003 |
43.76% |
4.76% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
APLY |
YieldMax™ AAPL Option Income Strategy ETF |
AAPL |
$0.4043 |
27.40% |
4.01% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
NVDY |
YieldMax™ NVDA Option Income Strategy ETF |
NVDA |
$2.5630 |
101.82% |
4.00% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
AMZY |
YieldMax™ AMZN Option Income Strategy ETF |
AMZN |
$0.9541 |
50.74% |
4.32% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
FBY |
YieldMax™ META Option Income Strategy ETF |
META |
$0.6919 |
42.56% |
4.56% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
GOOY |
YieldMax™ GOOGL Option Income Strategy ETF |
GOOGL |
$0.6858 |
45.12% |
4.18% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
NFLY |
YieldMax™ NFLX Option Income Strategy ETF |
NFLX |
$0.6297 |
43.96% |
4.32% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
CONY |
YieldMax™ COIN Option Income Strategy ETF |
COIN |
$1.6982 |
84.85% |
4.73% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
MSFO |
YieldMax™ MSFT Option Income Strategy ETF |
MSFT |
$0.4798 |
26.85% |
4.31% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
DISO |
YieldMax™ DIS Option Income Strategy ETF |
DIS |
$0.4423 |
28.47% |
4.48% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
XOMO |
YieldMax™ XOM Option Income Strategy ETF |
XOM |
$0.3013 |
20.94% |
4.27% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
JPMO |
YieldMax™ JPM Option Income Strategy ETF |
JPM |
$0.3483 |
21.11% |
4.18% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
AMDY |
YieldMax™ AMD Option Income Strategy ETF |
AMD |
$0.9008 |
62.52% |
4.13% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
PYPY |
YieldMax™ PYPL Option Income Strategy ETF |
PYPL |
$0.6694 |
43.92% |
4.28% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
SQY |
YieldMax™ SQ Option Income Strategy ETF |
SQ |
$0.9641 |
58.66% |
5.03% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
MRNY |
YieldMax™ MRNA Option Income Strategy ETF |
MRNA |
$0.8447 |
52.32% |
4.50% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
AIYY |
YieldMax™ AI Option Income Strategy ETF |
AI |
$0.8750 |
78.90% |
4.31% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
MSTY |
YieldMax™ MSTR Option Income Strategy ETF |
MSTR |
$3.0300 |
106.33% |
0.00% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
YBIT |
YieldMax™ Bitcoin Option Income Strategy ETF |
Bitcoin ETP |
$1.3707 |
81.00% |
3.94% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
CRSH |
YieldMax™ Short TSLA Option Income Strategy ETF |
TSLA |
$0.9535 |
54.91% |
4.01% |
6/6/2024 |
6/6/2024 |
6/7/2024 |
GDXY** |
YieldMax™ Gold Miners Option Income Strategy ETF |
GDX® |
- |
- |
- |
- |
- |
- |
* Starting on May 28,2024, the
settlement cycle for ETF trades changed from “T+2” to “T+1”. This
change makes the Ex-Date fall on the same day as the Record
Date.
** The inception date for GDXY is May
20, 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 June 4, 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 May 31, 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. For YBIT, click here. For CRSH, click
here.
Prospectus
Click here.
Before investing you should carefully consider the
Fund’s investment objectives, risks, charges and expenses. This and
other information are in the prospectus. Please read the
prospectuses carefully before you invest.
Contact Gavin Filmore at gfilmore@tidalfg.com for more
information.
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.
Tidal Financial Group is the adviser for all
YieldMax™ ETFs and ZEGA Financial is their
sub-adviser.
THE FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH
ANY UNDERLYING REFERNCE ASSET.
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. 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, GDX®), 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.
Investors in the Funds will not have rights to receive dividends
or other distributions with respect to the underlying reference
assets.
Risk Disclosures (applicable
only to GDXY)
Risk of Investing in Foreign Securities. The
Fund is exposed indirectly to the securities of foreign issuers
selected by GDX®’s investment adviser, which subjects the Fund to
the risks associated with such companies. Investments in the
securities of foreign issuers involve risks beyond those associated
with investments in U.S. securities. Risk of Investing in
Gold and Silver Mining Companies. The Fund is exposed
indirectly to gold and silver mining companies selected by GDX®’s
investment adviser, which subjects the Fund to the risks associated
with such companies.
There is no guarantee that the Fund’s investment strategy will
be properly implemented, and an investor may lose some or all of
its investment.
Risk Disclosures (applicable
only to YBIT)
YBIT does not invest directly in Bitcoin or any other
digital assets. YBIT does not invest directly in derivatives that
track the performance of Bitcoin or any other digital assets. YBIT
does not invest in or seek direct exposure to the current “spot” or
cash price of Bitcoin. Investors seeking direct exposure to the
price of Bitcoin should consider an investment other than
YBIT.
Bitcoin Investment Risk: The Fund’s indirect
investment in Bitcoin, through holdings in one or more Underlying
ETPs, exposes it to the unique risks of this emerging innovation.
Bitcoin’s price is highly volatile, and its market is influenced by
the changing Bitcoin network, fluctuating acceptance levels, and
unpredictable usage trends. Digital Assets Risk:
Digital assets like Bitcoin, designed as mediums of exchange, are
still an emerging asset class. They operate independently of any
central authority or government backing and are subject to
regulatory changes and extreme price volatility. Potentially No
1940 Act Protections. As of the date of this Prospectus, there is
only a single eligible Underlying ETP, and it is an investment
company subject to the 1940 Act. Bitcoin
ETP Risk: The Fund invests in options contracts
that are based on the value of the Bitcoin ETP. This subjects the
Fund to certain of the same risks as if it owned shares of the
Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but
not limited, to significant risk and heightened volatility. An
investor in a Bitcoin ETP may lose their entire investment. Bitcoin
ETPs are not suitable for all investors. In addition, not all
Bitcoin ETPs are registered under the Investment Company Act of
1940. Those Bitcoin ETPs that are not registered under such statute
are therefore not subject to the same regulations as exchange
traded products that are so registered.
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. 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.
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.
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