| Family: | Elevate Shares |
| Name: | Yieldmax TSM Option Income Strategy ETF |
| Inception Date: | 20-Aug-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 of the ADR of Taiwan Semiconductor Manufacturing Co Ltd. (NYSE: TSM) ("TSM" 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 TSM regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. The Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of TSM, 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 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 TSM increases. |
| Prospectus | |
| Top 10 Holdings | ||
| United States Treasury Bill 12/10/2026 | B 0 12/10/26 | 24.7900% |
| United States Treasury Bill 02/18/2027 | B 0 02/18/27 | 23.0300% |
| United States Treasury Bill 10/15/2026 | B 0 10/15/26 | 19.3400% |
| United States Treasury Bill 09/03/2026 | B 0 09/03/26 | 18.5100% |
| United States Treasury Bill 08/06/2026 | B 0 08/06/26 | 11.8800% |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 912828X88 | 11.7300% |
| TSM 08/21/2026 430.01 P | -5.8000% | |
| Cash & Other | -3.3700% | |
| TSM US 08/07/26 C387.5 | -2.6900% | |
| TSM 08/21/2026 430.01 C | 2.1300% | |
| Top 10 Holdings Weight: | 99.6% |
| Number of Holdings: | 19 |
| Shares Outstanding: | 6,925,000 |
| Total Net Assets: | 106,298,800 |
| NAV: | 15.34 |
| Net Expense Ratio: | 1.01% |
| Asset Class: | Equities (Stocks) |
| Developed or Emerging: | Emerging Market Funds |
| Country: | Taiwan |
| Region: | |
| Strategy: | Covered Call Strategy |
| Currency: | |
| Commodity: | |
| Sector: | Technology |
| Industry: | Semiconductor |
| Dividend Type: | |
| Tax Exempt State: | |
| Maturity Duration: | |
| Market Cap: | Large Cap |
| Credit Quality: | |
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| Leverage Direction/Factor: | |
| Is Currency Hedged: | No |
| US or Ex-US: | International |
