YQQQ ETF Profile

Family:	Elevate Shares
Name:	YieldMax N100 Short Option Income Strategy ETF

Inception Date:	14-Aug-2024
Termination Date:
Investment Objective:	YieldMax Short N100 Option Income Strategy ETF (YQQQ) is an actively managed ETF that seeks to generate monthly income from a synthetic covered put strategy on the Nasdaq 100 Index (the "Index"), while providing indirect short exposure to the performance of the Index. The Fund is an actively managed exchange-traded fund ("ETF") that seeks current income while providing indirect inverse exposure to the performance of the Index (the "Index level"). The Fund's potential for gains from decreases in the Index level is limited. If the Index level 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 Index regardless of whether there are periods of strong market, economic, or other conditions and will not take temporary defensive positions during such periods.

Prospectus

Top 10 Holdings
United States Treasury Note/Bond 2.625% 04/15/2025	91282CEH0	16.4100%
United States Treasury Note/Bond 3% 07/15/2025	91282CEY3	16.3800%
United States Treasury Note/Bond 3.875% 01/15/2026	91282CGE5	16.3300%
Cash & Other		12.6000%
QQQ US 05/16/25 P475		11.5500%
United States Treasury Bill 05/15/2025	912797LB1	10.1100%
United States Treasury Bill 06/12/2025	912797LN5	9.2800%
United States Treasury Bill 08/14/2025	912797PN1	9.2300%
QQQ 05/16/2025 475.02 C		-0.8400%
QQQ US 04/11/25 P399		-0.5800%
	Top 10 Holdings Weight:	100.5%