YieldMax™ ETFs Announces Monthly Fund Distributions

CHICAGO, MILWAUKEE and NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) — YieldMax™ today announced monthly distributions on the following YieldMax™ ETFs:

*As of May 28, 2024, the settlement cycle for ETF transactions has changed from “T+2” to “T+1”. This change makes the ex date fall on the same day as the check in date.

1 YMAX And YMAG each has a management fee of 0.29% and acquired funds fees and expenses of 0.99% for a gross expense ratio of 1.28%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs by investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.24%, but the investment advisor has agreed to a 0.10% fee waiver until at least February 28, 2025.

2 The distribution rate shown is as of the close of June 12, 2024. The distribution rate is the annual return an investor would receive if the most recent distribution, which includes option income, remained the same in the future. The distribution rate is calculated by multiplying the distribution per share of an ETF by twelve (12) and dividing the resulting amount by the most recent net asset value of the ETF. The distribution rate represents a single distribution of the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gains and returns of the investor’s capital, which may decrease an ETF’s net asset value and trading price over time. As a result, an investor may suffer significant losses on their investment. These payout rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may no longer exist and such performance should not be expected to occur in the future.

3 The 30-day SEC yield represents net investment income, which excludes option income, earned by this ETF during the 30-day period ended May 31, 2024, expressed as an annual percentage rate based on the share price of this ETF as of the end of the 30-day period. As of May 31, 2024, the ULTY The subsidized and unsubsidized 30-day SEC yields were 0.00% and 0.00%, respectively. Subsidized yield reflects current fee waivers, while unsubsidized yield does not adjust for current fee waivers.
Each Fund has a limited operating history and, although the objective of each Fund is to provide current income, there can be no assurance that the Fund will make a distribution. The amount of distributions may vary significantly.

Standardized performance

For YMAX, click here. For YMAG, click here. For ULTY, click here.

Prospectus

Click on here.

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other information is included in the prospectus. Please read the prospectuses carefully before investing.

The performance data cited above represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment fluctuate so that an investor’s shares, when sold or repurchased, may be worth more or less than their original cost and current performance may be lower or higher than the performance indicated above. Current performance through the end of the most recent month 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 materially from its distribution rate or 30-day SEC yield. You are not guaranteed a distribution with ETFs. Distributions for ETFs (if any) are variable and can vary significantly from month to month and may be zero. Therefore, the Distribution Rate and the 30-Day SEC Yield will change over time, and these changes could be material.

Tidal Financial Group is the advisor to all YieldMax™ ETFs and ZEGA Financial is their sub-advisor.

Risk information

Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other information is included in the prospectus. Please read the prospectuses carefully before investing.

Risk Disclosures (the following risks are applicable to all YieldMax ETFs shown in the table above)

Investing involves risks. A loss of capital is possible. THE FUND, TRUST, ADVISOR AND SUB-ADVISOR 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 some of the same risks as if it held shares of its underlying security, even if it does not. As a result, each underlying YieldMax™ ETF is subject to the risks associated with the sector of the corresponding underlying issuer. Derivatives risk. Derivatives are financial instruments that derive value from the underlying reference asset(s), such as stocks, bonds or funds (including ETFs), interest rates or indices. Each underlying YieldMax™ ETF’s investments in derivatives may involve additional and greater risks than direct investment in securities or other ordinary investments, including market risk, correlation imperfect with the underlying investments or with the other portfolio of the underlying YieldMax™ ETF. assets, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. The investment strategies of the Underlyd YieldMax™ ETFs are options based. Option prices are volatile and are influenced, among other things, by actual and anticipated changes in the value of the underlying instrument, including anticipated volatility, which are affected by fiscal and monetary policies and by national policies. and international markets, changes in the actual or implied volatility of the reference asset, the time remaining until expiration of the option contract and economic events. Distribution risk. Each underlying YieldMax™ ETF aims to provide monthly income, although there is no guarantee of distribution in any given month, and distribution amounts can vary significantly. The Security distributes monthly, which may result in less income compared to a direct investment in the underlying security. Risk of erosion of net asset value due to distributions. When an Underlyd YieldMax™ ETF makes a distribution, its net asset value generally decreases by the amount of the distribution on the corresponding ex-dividend date. Repetitive payment of distributions may significantly erode the net asset value and trading price of an Underlyd YieldMax™ ETF over time, which could result in significant losses for investors (including the Fund). Risk associated with the appeal writing strategy. The continued application of each underlying YieldMax™ ETF’s call writing strategy impacts its ability to participate in the positive price returns of its underlying security, which in turn affects the returns of each underlying YieldMax™ ETF both over the life of the calls written and over a longer period of time. frames. An underlying YieldMax™ ETF’s participation in positive price returns of its underlying security and its own returns will depend not only on the price of the underlying security, but also on the price movement of the underlying security. underlying security over time, illustrating that certain price trajectories of the underlying security could lead to suboptimal results for the Underlying YieldMax™ ETF. Risk linked to a single issuer. Each YieldMax™ underlying ETF, focused on an individual security (underlying security), may experience greater volatility compared to traditional pool investments or the market in general due to issuer-specific characteristics. Its performance may deviate from that of diversified investments or the broader market, potentially making it more sensitive to the specific performance and risks associated with the underlying security. High risk of portfolio turnover. Each Underlying YieldMax™ ETF may actively and frequently trade all or a significant portion of the holdings of the Underlying YieldMax™ ETF. High portfolio turnover increases transaction costs, which may increase expenses of the Underlyd YieldMax™ ETF. Counterparty risk. Each underlying YieldMax™ ETF is exposed to counterparty risk through its investments in options contracts, held through clearing members due to its non-membership of clearinghouses, the risk being exacerbated in the event of default of a Clearing Member or if Limited Clearing Members are willing to transact on its behalf. . This risk is also amplified to the extent that the underlying YieldMax™ ETF primarily focuses on single security options contracts, which could result in losses or impediments in implementing its trading strategy. investment in the event of unfavorable situations with clearing members. Prize Participation Risk. Each underlying YieldMax™ ETF employs a call option contract writing strategy, limiting its participation to the increase in value of the underlying security during the call period. If the value of an underlying security increases beyond the strike price of the written call options, the Underlying YieldMax™ ETF may not experience the same magnitude of increase, which could result in underwriting. performance of the underlying security and a decrease in its net asset value, particularly given its full exposure to any decline in the value of the underlying security during the redemption period. Risk related to new funds. The Fund is a recently established management investment company with no operating history. As a result, potential investors do not have a track record or history on which to base their investment decisions. Risk of non-diversification. Because the Fund is “non-diversified,” it may invest a higher percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it were a fund diversified. Therefore, a decline in the value of an investment in a single issuer or a smaller number of issuers could result in a greater decline in the overall value of the Fund than if the Fund held a more diversified portfolio.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs or ZEGA Financial.

© 2024 ETF YieldMax™

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