PLTY ETF Profile

Family:	Elevate Shares
Name:	YieldMax PLTR Option Income Strategy ETF

Inception Date:	7-Oct-2024
Termination Date:
Investment Objective:	The Fund is an actively managed exchange-traded fund ("ETF") that seeks current income while providing indirect exposure to the share price (i.e., the price returns) of PLTR (NYSE: PLTR) ("PLTR" or the "Underlying Security"), which is generally subject to a limit on potential investment gains. The Fund will employ its investment strategy as it relates to PLTR regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. As further described below, the Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of PLTR, which is generally subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. In addition, the Fund will at times opportunistically sell a credit call spread (described below) instead of selling a call option when ZEGA Financial, LLC ("Sub-Adviser") believes doing so will be more advantageous to the Fund's total return. The Fund not only seeks to generate income from its options investments but also aims to derive gains when the value of PLTR increases.

Prospectus

Top 10 Holdings
United States Treasury Bill 06/12/2025	912797LN5	17.4000%
United States Treasury Bill 05/15/2025	912797LB1	17.2100%
PLTR US 05/16/25 C80		16.3800%
United States Treasury Note/Bond 3.875% 01/15/2026	91282CGE5	16.0900%
Cash & Other		15.7600%
United States Treasury Note/Bond 3% 07/15/2025	91282CEY3	15.5600%
PLTR 05/16/2025 80.01 P		-11.0900%
United States Treasury Note/Bond 2.625% 04/15/2025	91282CEH0	10.7200%
United States Treasury Bill 08/14/2025	912797PN1	3.2900%
PLTR US 03/14/25 C86		-0.6600%
	Top 10 Holdings Weight:	100.7%