| Investment Objective: |
YieldMax Short NVDA Option Income Strategy ETF primary investment objective is to seek current income. The Fund's secondary investment objective is to seek inverse (opposite) exposure to the share price of the common stock of Nvidia Corporation ("NVDA" or "Underlying Security"), subject to a limit on potential investment gains. The Fund is an actively managed exchange-traded fund ("ETF") that seeks current income while providing indirect inverse exposure to the share price (i.e., the price returns) of the common stock of Nvidia Corporation. The Fund's potential for gains from decreases in the share prices of NVDA's stock is limited. If the share price of the Underlying Security significantly decreases, the Fund will not fully benefit from the inverse of those decreases. The Fund will employ its investment strategy as it relates to the Underlying Security regardless of whether there are periods of strong market, economic, or other conditions and will not take temporary defensive positions during such periods. The Fund uses either a synthetic covered put strategy or synthetic covered put spread strategy to provide income and indirect inverse exposure to the share price returns of the Underlying Security. |
