ETF profile for Yieldmax Tsla Performance & Distribution Target 25 ETF (TEST) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
TEST ETF Profile
| Family: |
Elevate Shares |
| Name: |
YieldMax TSLA Performance & Distribution Target 25 ETF |
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| Inception Date: |
17-Nov-2025 |
| Termination Date: |
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| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that seeks (i) to generate cash distributions based on a targeted annual cash distribution level of 25% (the "Annual 25% Target"), and (ii) capital appreciation. The Fund's strategy combines (1) synthetic long exposure to the common stock of TSLA (the "Underlying Security"), and (2) the use of options strategies designed to generate premiums. The Fund will also maintain an allocation to cash, money market funds, or U.S. Treasuries (generally 50% to 100% of assets) to provide liquidity, serve as margin, and collateralize its derivative positions. Separately, the Fund employs various options strategies focused on generating premiums. Generally speaking, the Fund sells (writes) options on the Underlying Security, receiving premiums from counterparties that pay for the right to buy or sell at a set price. These premiums are an important driver of the Fund's distributions. gains or increase downside risk. The options strategy most frequently utilized by the Fund is called a covered call spread, which is a type of selling credit spread. The Fund uses covered call spreads to earn premium by selling a call option while buying another at a higher strike, with both profit and loss capped. |
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| Prospectus |
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| Top 10 Holdings |
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| United States Treasury Bill 12/10/2026 |
B 0 12/10/26 |
31.0400% |
| United States Treasury Bill 07/08/2027 |
B 0 07/08/27 |
18.2700% |
| United States Treasury Note/Bond 2.375% 05/15/2027 |
912828X88 |
16.7100% |
| United States Treasury Bill 02/18/2027 |
B 0 02/18/27 |
16.6700% |
| Cash & Other |
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13.2100% |
| TSLA 11/20/2026 370.01 C |
|
10.2200% |
| TSLA US 11/20/26 C380 |
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-4.9700% |
| TSLA US 11/20/26 C375 |
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-3.6900% |
| TSLA US 11/20/26 C410 |
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2.2300% |
| TSLA US 11/20/26 C405 |
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1.7300% |
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Top 10 Holdings Weight: |
101.4% |
| Number of Holdings: |
11 |
| Shares Outstanding: |
50,000 |
| Total Net Assets: |
1,980,350 |
| NAV: |
39.66 |
| Net Expense Ratio: |
1.01% |
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| Asset Class: |
Equities (Stocks) |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
Covered Call Strategy |
| Currency: |
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| Commodity: |
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| Sector: |
Consumer Discretionary |
| Industry: |
Automobiles & Components |
| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
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| Market Cap: |
Large Cap |
| Credit Quality: |
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| Mortgage Bond Types: |
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| Bond Type: |
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| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
