CHICAGO and MILWAUKEE and NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) — YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group A ETFs listed in the table below.

芝加哥、密尔沃基和纽约，2025年6月11日（环球新闻通讯社）—— YieldMax® 今天宣布了下表所列的 YieldMax® 每周支付者和 A 类 ETF 的分配情况。


ETF Ticker1	ETF Name	Distribution Frequency	Distribution per Share	Distribution Rate2,4	30-DaySEC Yield3	ROC5	Ex-Date & Record Date	Payment Date
CHPY	YieldMax® Semiconductor Portfolio Option Income ETF	Weekly	$0.4031	39.14%	0.38%	100.00%	6/12/25	6/13/25
GPTY	YieldMax® AI & Tech Portfolio Option Income ETF	Weekly	$0.3070	34.41%	0.00%	100.00%	6/12/25	6/13/25
LFGY	YieldMax® Crypto Industry & Tech Portfolio Option Income ETF	Weekly	$0.4724	60.93%	0.00%	100.00%	6/12/25	6/13/25
QDTY	YieldMax® Nasdaq 100 0DTE Covered Call ETF	Weekly	$0.2572	31.02%	0.00%	100.00%	6/12/25	6/13/25
RDTY	YieldMax® R2000 0DTE Covered Call ETF	Weekly	$0.3038	34.15%	0.89%	96.74%	6/12/25	6/13/25
SDTY	YieldMax® S&P 500 0DTE Covered Call ETF	Weekly	$0.2258	26.59%	0.00%	100.00%	6/12/25	6/13/25
ULTY	YieldMax® Ultra Option Income Strategy ETF	Weekly	$0.0950	79.31%	0.00%	100.00%	6/12/25	6/13/25
YMAG	YieldMax® Magnificent 7 Fund of Option Income ETFs	Weekly	$0.1709	57.55%	66.50%	94.20%	6/12/25	6/13/25
YMAX	YieldMax® Universe Fund of Option Income ETFs	Weekly	$0.1803	68.10%	88.53%	96.28%	6/12/25	6/13/25
BRKC*	YieldMax® BRK.B Option Income Strategy ETF	Every 4 weeks	-	-	-	-	-	-
CRSH	YieldMax® Short TSLA Option Income Strategy ETF	Every 4 weeks	$0.2534	68.77%	3.08%	95.13%	6/12/25	6/13/25
FEAT	YieldMax® Dorsey Wright Featured 5 Income ETF	Every 4 weeks	$1.1206	39.67%	52.99%	0.00%	6/12/25	6/13/25
FIVY	YieldMax® Dorsey Wright Hybrid 5 Income ETF	Every 4 weeks	$1.0634	35.12%	35.26%	0.00%	6/12/25	6/13/25
GOOY	YieldMax® GOOGL Option Income Strategy ETF	Every 4 weeks	$0.3978	40.78%	3.29%	87.70%	6/12/25	6/13/25
OARK	YieldMax® Innovation Option Income Strategy ETF	Every 4 weeks	$0.3947	60.87%	2.88%	95.83%	6/12/25	6/13/25
SNOY	YieldMax® SNOW Option Income Strategy ETF	Every 4 weeks	$1.2757	95.23%	2.27%	97.79%	6/12/25	6/13/25
TSLY	YieldMax® TSLA Option Income Strategy ETF	Every 4 weeks	$0.4028	60.47%	2.76%	95.33%	6/12/25	6/13/25
TSMY	YieldMax® TSM Option Income Strategy ETF	Every 4 weeks	$0.8958	70.48%	2.87%	96.58%	6/12/25	6/13/25
XOMO	YieldMax® XOM Option Income Strategy ETF	Every 4 weeks	$0.2498	25.49%	3.62%	80.62%	6/12/25	6/13/25
YBIT	YieldMax® Bitcoin Option Income Strategy ETF	Every 4 weeks	$0.3314	39.49%	1.54%	97.41%	6/12/25	6/13/25
Weekly Payers & Group B ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY UTLY YMAG YMAX BABO DIPS FBY GDXY JPMO MARO MRNY NVDY PLTY


ETF 代码	ETF 名称	分配频率	每股分配	分配率	30 天 SEC 收益率	ROC	除息日及记录日	支付日期
CHPY	YieldMax® 半导体投资组合期权收入 ETF	每周	$0.4031	39.14%	0.38%	100.00%	2025年6月12日	2025年6月13日
GPTY	YieldMax® 人工智能与科技投资组合期权收入 ETF	每周	$0.3070	34.41%	0.00%	100.00%	2025年6月12日	2025年6月13日
LFGY	YieldMax® 加密行业与科技投资组合期权收入 ETF	每周	$0.4724	60.93%	0.00%	100.00%	2025年6月12日	2025年6月13日
QDTY	YieldMax® 纳斯达克 100 0DTE 覆盖看涨 ETF	每周	$0.2572	31.02%	0.00%	100.00%	2025年6月12日	2025年6月13日
RDTY	YieldMax® R2000 0DTE 覆盖看涨 ETF	每周	$0.3038	34.15%	0.89%	96.74%	2025年6月12日	2025年6月13日
SDTY	YieldMax® 标普 500 0DTE 覆盖看涨 ETF	每周	$0.2258	26.59%	0.00%	100.00%	2025年6月12日	2025年6月13日
ULTY	YieldMax® 超级期权收入策略 ETF	每周	$0.0950	79.31%	0.00%	100.00%	2025年6月12日	2025年6月13日
YMAG	YieldMax® 杰出 7 期权收入 ETF 基金	每周	$0.1709	57.55%	66.50%	94.20%	2025年6月12日	2025年6月13日
YMAX	YieldMax® 宇宙期权收入 ETF 基金	每周	$0.1803	68.10%	88.53%	96.28%	2025年6月12日	2025年6月13日
BRKC*	YieldMax® BRK.B 期权收入策略 ETF	每 4 周	-	-	-	-	-	-
CRSH	YieldMax® 短期 TSLA 期权收入策略 ETF	每 4 周	$0.2534	68.77%	3.08%	95.13%	2025年6月12日	2025年6月13日
FEAT	YieldMax® Dorsey Wright 精选 5 收入 ETF	每 4 周	$1.1206	39.67%	52.99%	0.00%	2025年6月12日	2025年6月13日
FIVY	YieldMax® Dorsey Wright 混合 5 收入 ETF	每 4 周	$1.0634	35.12%	35.26%	0.00%	2025年6月12日	2025年6月13日
GOOY	YieldMax® GOOGL 期权收入策略 ETF	每 4 周	$0.3978	40.78%	3.29%	87.70%	2025年6月12日	2025年6月13日
OARK	YieldMax® 创新期权收入策略 ETF	每 4 周	$0.3947	60.87%	2.88%	95.83%	2025年6月12日	2025年6月13日
SNOY	YieldMax® SNOW 期权收入策略 ETF	每 4 周	$1.2757	95.23%	2.27%	97.79%	2025年6月12日	2025年6月13日
TSLY	YieldMax® TSLA 期权收入策略 ETF	每 4 周	$0.4028	60.47%	2.76%	95.33%	2025年6月12日	2025年6月13日
TSMY	YieldMax® TSM 期权收入策略 ETF	每 4 周	$0.8958	70.48%	2.87%	96.58%	2025年6月12日	2025年6月13日
XOMO	YieldMax® XOM 期权收入策略 ETF	每 4 周	$0.2498	25.49%	3.62%	80.62%	2025年6月12日	2025年6月13日
YBIT	YieldMax® 比特币期权收入策略 ETF	每 4 周	$0.3314	39.49%	1.54%	97.41%	2025年6月12日	2025年6月13日
下周计划的每周支付者和 B 类 ETF： CHPY GPTY LFGY QDTY RDTY SDTY UTLY YMAG YMAX BABO DIPS FBY GDXY JPMO MARO MRNY NVDY PLTY

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.yieldmaxetfs.com

通过点击上表中的 ETF 代码或访问我们的网站 www.yieldmaxetfs.com 可以获取标准化的业绩和基金详情。

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717 .

引用的业绩数据代表过去的表现，并不能保证未来的结果。投资回报和投资本金的价值会波动，因此投资者的股份在出售或赎回时，可能会比其原始成本更高或更低，当前的表现可能低于或高于上述引用的表现。最新的业绩数据可以通过拨打 (833) 378-0717 获取。

Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “ Short ETFs.”

注意：DIPS、FIAT、CRSH、YQQQ 和 WNTR 以下统称为 “短期 ETF。”

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

分配并不保证。分配率和 30 天 SEC 收益率并不代表未来的分配（如有），特别是任何 ETF 的未来分配可能与其分配率或 30 天 SEC 收益率有显著差异。您并不保证在 ETF 下获得分配。ETF 的分配（如有）是可变的，可能会因时期而异，并且可能为零。因此，分配率和 30 天 SEC 收益率会随时间变化，并且这种变化可能是显著的。

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

基金的投资者将没有权利获得与基础参考资产相关的股息或其他分配。

*The inception date for BRKC is June 4, 2025.

*BRKC 的成立日期为2025年6月4日。

All YieldMax ® ETFs shown in the table above (except YMAX , YMAG , FEAT , FIVY and ULTY ) have a gross expense ratio of 0.99%. YMAX , FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. YMAG has a management fee of 0.29% and Acquired Fund Fees and Expenses of 0. 83 % for a gross expense ratio of 1. 12 %. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are on fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax ® ETFs . ULTY has a gross expense ratio of 1.40%, and a net expense ratio after the fee waiver of 1.30% . The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.
The Distribution Rate shown is as of clo se on June 10 , 2025 . Th e Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income , remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
The 30-Day SEC Yield represents net investment income, which excludes option income , earned by such ETF over the 30-Day period ended May 31, 2025 , e xpressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
Each ETF’s strategy ( except those of the Short ETFs ) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
ROC refers to Return of Capital. The ROC percentage indicates how much the distribution reflects an investor's initial investment. The figures shown for each Fund in the table above are estimates and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund's investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes

所有在上表中显示的 YieldMax® ETF（除了 YMAX、YMAG、FEAT、FIVY 和 ULTY）的总费用比率为 0.99%。YMAX 和 FEAT 的管理费为 0.29%，获得的基金费用和支出为 0.99%，因此总费用比率为 1.28%。YMAG 的管理费为 0.29%，获得的基金费用和支出为 0.83%，因此总费用比率为 1.12%。FIVY 的管理费为 0.29%，获得的基金费用和支出为 0.59%，因此总费用比率为 0.88%。 “获得的基金费用和支出” 是指基金因投资于其他投资公司的股份（即其他 YieldMax® ETF）而产生的费用和支出。ULTY 的总费用比率为 1.40%，在费用减免后的净费用比率为 1.30%。顾问已同意在至少2026年2月28日之前减免 0.10% 的费用。
显示的分配率截至 2025年6月10日。分配率是指如果最近的分配（包括期权收入）保持不变，投资者将获得的年度分配率。分配率是通过将 ETF 的每股分配年化并将该年化金额除以 ETF 最近的净资产值（NAV）来计算的。分配率代表 ETF 的单次分配，并不代表其总回报。分配可能还包括普通股息、资本收益和投资者资本的回报的组合，这可能会随着时间的推移降低 ETF 的净资产值和交易价格。因此，投资者可能会遭受重大损失。这些分配率可能是由于异常有利的市场条件造成的，并且可能不可持续。这种情况可能不会持续存在，未来也不应期望这种表现会被重复。
30 天 SEC 收益率代表净投资收入，不包括期权收入，是指该 ETF 在截至 2025年5月31日 的 30 天期间所赚取的收益，以该 ETF 在 30 天期末的股价为基础，表示为年百分比。
每个 ETF 的策略（除了短期 ETF 的策略）将在其参考资产的股份增值时限制潜在收益，但如果参考资产的股份贬值，则投资者将面临所有潜在损失。这些潜在损失可能无法通过 ETF 收到的收入来抵消。每个 短期 ETF 的策略将在其参考资产贬值时限制潜在收益，但如果参考资产增值，则投资者将面临所有潜在损失。这些潜在损失可能无法通过 ETF 收到的收入来抵消。
ROC 指的是资本回报。ROC 百分比表示分配中反映投资者初始投资的比例。上表中每个基金显示的数字是估算值，可能会被确定为应税净投资收入、短期收益、长期收益（在法律允许的范围内）或资本回报。实际金额和税务报告的来源将取决于基金在财政年度剩余期间的投资活动，并可能根据税务法规的变化而有所不同。您的经纪人将向您发送 1099-DIV 表格，以告知您如何报告这些分配以满足联邦所得税要求。

Each Fund has a limited operating history and while each Fund's objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

每个基金的运营历史有限，尽管每个基金的目标是提供当前收入，但不能保证基金会进行分配。分配的金额可能会有很大变化。

Important Information

重要信息

This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

本材料必须在招募说明书之前或同时提供。有关所有招募说明书，请点击此处。

Contact Vince DiLullo at vdilullo@tidalfg.com for more information.

如需更多信息，请联系 Vince DiLullo，电子邮件：vdilullo@tidalfg.com。

Tidal Financial Group is the adviser for all YieldMax® ETFs.

Tidal Financial Group 是所有 YieldMax® ETF 的顾问。

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

基金、信托和顾问与任何基础参考资产没有关联。

Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

风险披露（适用于上述所有 YieldMax ETF，除了短期 ETF）

YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax® ETFs. As such, these Funds are subject to the risks listed in this section, which apply to all the YieldMax® ETFs they may hold from time to time.

YMAX、YMAG、FEAT 和 FIVY 通常投资于其他 YieldMax® ETF。因此，这些基金面临本节中列出的风险，这些风险适用于它们可能持有的所有 YieldMax® ETF。

Investing involves risk. Principal loss is possible.

投资涉及风险。可能会发生本金损失。

Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

参考指数风险。 基金投资于基于指数（或指数 ETF）价值的期权合约。这使得基金面临与拥有构成该指数的公司股份或跟踪该指数的 ETF 相同的某些风险，即使它并不拥有这些股份。

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

间接投资风险。该指数与信托、基金、顾问或其各自的关联方没有关联，并且与本次发行没有任何关系。基金的投资者将没有权利获得构成该指数的公司的股息或其他分配或任何其他权利，但将面临指数表现下降的风险。

Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

罗素 2000 指数风险。 该指数由小型美国公司组成，特别容易受到经济变化的影响，因为这些公司通常比大型公司财务韧性较差。市场波动可能会对这些小型企业产生不成比例的影响，导致价格剧烈波动。此外，这些公司通常更容易受到特定行业风险的影响，且收入来源较少样化。它们也可能更容易受到国内监管或政策环境变化的影响。

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

卖出期权策略风险。 基金的卖出期权策略的路径依赖性（即持续使用）将影响基金在基础参考资产的正价格回报中的参与程度，从而影响基金的回报，无论是在卖出期权的期限内还是在更长的时间内。

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

对手方风险。 基金因其在期权合约中的投资而面临对手方风险。某些类型衍生品（包括期权）的交易需要进行集中清算（“清算衍生品”）。在涉及清算衍生品的交易中，基金的对手方是清算所，而不是银行或经纪商。由于基金不是清算所的成员，只有清算所的成员（“清算成员”）才能直接参与清算所，因此基金将通过清算成员的账户持有清算衍生品。

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

衍生品风险。 衍生品是从基础参考资产或资产（如股票、债券或基金（包括 ETF）、利率或指数）中衍生出价值的金融工具。基金在衍生品上的投资可能会带来额外的风险，这些风险可能大于直接投资于证券或其他普通投资所面临的风险，包括市场风险、与基础投资或基金其他投资组合持有的投资的不完美相关性、更高的价格波动性、可用性不足、对手方风险、流动性、估值和法律限制。

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

期权合约。 使用期权合约涉及与普通投资组合证券交易不同的投资策略和风险。期权的价格波动性大，受多种因素影响，包括基础工具价值的实际和预期变化、预期波动性（受财政和货币政策以及国内外政治影响）、基础资产的实际或隐含波动性、期权合约到期前的剩余时间以及经济事件。

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next .

分配风险。 作为基金投资目标的一部分，基金寻求提供当前收入。无法保证基金在任何特定期间内会进行分配。如果基金确实进行分配，则这些分配的金额可能会在每次分配之间有很大差异。

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

高投资组合周转率风险。 基金可能会积极且频繁地交易其持有的全部或大部分资产。高投资组合周转率会增加交易成本，从而可能增加基金的费用。

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

流动性风险。 基金持有的一些证券，包括期权合约，可能难以出售或流动性不足，特别是在市场动荡时期。

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

非多样化风险。 由于基金是 “非多样化” 的，它可能会将更大比例的资产投资于单一发行人或较少的发行人，而不是如果它是一个多样化基金。

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

新基金风险。 基金是一家新成立的管理投资公司，没有运营历史。因此，潜在投资者没有可供其投资决策依据的业绩记录或历史。

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

价格参与风险。 基金采用的投资策略包括出售期权合约，这限制了基金在期权期间内参与基础参考资产价值增长的程度。

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA, HOOD, BRK.B), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

单一发行人风险。 发行人特定属性可能导致对基金的投资比传统的分散风险的共同投资更具波动性。基金的价值专注于单一证券（如 ARKK、TSLA、AAPL、NVDA、AMZN、META、GOOGL、NFLX、COIN、MSFT、DIS、XOM、JPM、AMD、PYPL、SQ、MRNA、AI、MSTR、比特币 ETP、GDX®、SNOW、ABNB、BABA、TSM、SMCI、PLTR、MARA、CVNA、HOOD、BRK.B），可能比传统的共同投资或整体市场更具波动性，并且可能与传统共同投资或整体市场的价值表现不同。

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

通货膨胀风险。 通货膨胀风险是指资产或投资收入的价值在未来可能会降低，因为通货膨胀降低了货币的价值。随着通货膨胀的增加，基金资产和分配（如有）的现值可能会下降。

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

间接投资风险。 指数与信托、基金、顾问或其各自的关联方没有关联，并且与本次发行没有任何关系。

Risk Disclosures (applicable only to GPTY)

风险披露（仅适用于 GPTY）

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

人工智能风险。 从事人工智能的发行人通常具有高研究和资本支出，因此其盈利能力可能会有很大差异，甚至可能根本没有盈利。它们所处的领域竞争激烈，发行人的产品和服务可能会迅速过时。这些公司在知识产权方面高度依赖，可能会因这些权利的丧失或损害而受到不利影响。发行人还面临法律、监管和政治变化，这些变化可能对其盈利能力产生重大影响。发行人的产品出现故障或甚至对产品安全性的问题可能对发行人造成毁灭性影响，尤其是当这是发行人的标志性产品时。准确捕捉什么 qualifies 为人工智能公司可能很困难。

Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

科技行业风险。该基金将大量投资于信息技术行业的公司，因此该基金的表现可能会受到影响该行业事件的负面影响。影响科技公司的市场或经济因素，以及依赖技术进步的公司，可能会对基金投资的价值产生重大影响。信息技术公司及依赖技术的公司的股票价值特别容易受到技术产品周期的快速变化、快速产品过时、政府监管和国内外竞争的影响，包括来自生产成本较低的外国竞争者的竞争。信息技术公司及依赖技术的公司的股票，尤其是那些较小、经验不足的公司的股票，往往比整体市场更具波动性。信息技术公司在很大程度上依赖专利和知识产权，其损失或损害可能会对盈利能力产生不利影响。

Risk Disclosure (applicable only to MARO)

风险披露（仅适用于 MARO）

Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

数字资产风险：该基金不直接投资于比特币或任何其他数字资产。该基金不直接投资于跟踪比特币或任何其他数字资产表现的衍生品。该基金不投资于或寻求直接接触比特币的当前 “现货” 或现金价格。寻求直接接触比特币价格的投资者应考虑其他投资，而非该基金。像比特币这样的数字资产，作为交换媒介，仍然是一个新兴资产类别。它们独立于任何中央权威或政府支持，并受到监管变化和极端价格波动的影响。

Risk Disclosures (applicable only to BABO and TSMY)

风险披露（仅适用于 BABO 和 TSMY）

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

货币风险：间接接触外币使该基金面临货币相对于美元贬值的风险。外国货币汇率可能因多种原因在短时间内大幅波动，包括利率变化和美国或国外实施的货币管制或其他政治发展。

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

存托凭证风险：BABO 和 TSMY 的基础证券为美国存托凭证（“ADRs”）。投资于 ADRs 的流动性可能低于其主要交易市场的基础股票。

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

外国市场和交易风险：许多外国证券的交易市场不如美国市场活跃，且可能缺乏政府监管和监督。

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

外国证券风险：投资于非美国发行人的证券涉及某些风险，这些风险在投资于美国发行人的证券时可能不存在，例如由于外币波动或政治或经济不稳定而导致的损失风险，以及适用于非美国发行人的投资的不同监管要求。关于非美国发行人的公开信息可能少于关于美国发行人的信息。非美国发行人可能还受到与美国发行人不同的监管、会计、审计、财务报告和投资者保护标准的约束。

Risk Disclosures (applicable only to GDXY)

风险披露（仅适用于 GDXY）

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

投资外国证券的风险。该基金间接接触由 GDX® 的投资顾问选择的外国发行人的证券，这使得该基金面临与这些公司相关的风险。投资于外国发行人的证券涉及超出投资于美国证券的风险。

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

投资于黄金和白银矿业公司的风险。该基金间接接触由 GDX® 的投资顾问选择的黄金和白银矿业公司，这使得该基金面临与这些公司相关的风险。

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

该基金投资于基于 VanEck 黄金矿工 ETF (GDX®) 价值的期权合约，这使得该基金面临与直接持有 GDX® 相同的一些风险，以及与加拿大、澳大利亚和新兴市场发行人以及小型和中型资本化公司的风险。

Risk Disclosures (applicable only to YBIT)

风险披露（仅适用于 YBIT）

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

YBIT 不直接投资于比特币或任何其他数字资产。YBIT 不直接投资于跟踪比特币或任何其他数字资产表现的衍生品。YBIT 不投资于或寻求直接接触比特币的当前 “现货” 或现金价格。寻求直接接触比特币价格的投资者应考虑其他投资，而非 YBIT。

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

比特币投资风险：该基金通过持有一个或多个基础 ETP 间接投资于比特币，使其面临这一新兴创新的独特风险。比特币的价格波动性很大，其市场受到比特币网络变化、波动的接受程度和不可预测的使用趋势的影响。

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

数字资产风险：像比特币这样的数字资产，作为交换媒介，仍然是一个新兴资产类别。它们独立于任何中央权威或政府支持，并受到监管变化和极端价格波动的影响。可能没有 1940 年法案保护。截至本招募说明书日期，只有一个合格的基础 ETP，它是一个受 1940 年法案监管的投资公司。

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

比特币 ETP 风险： 本基金投资于基于比特币 ETP 价值的期权合约。这使得本基金面临与持有比特币 ETP 股份相同的某些风险，尽管实际上并不持有。比特币 ETP 面临重大风险和高度波动性。投资比特币 ETP 的投资者可能会失去全部投资。比特币 ETP 并不适合所有投资者。此外，并非所有比特币 ETP 都在 1940 年投资公司法下注册。那些未在该法案下注册的比特币 ETP 因此不受与已注册的交易所交易产品相同的监管。

Risk Disclosures (applicable only to the Short ETFs)

风险披露（仅适用于短期 ETF）

Investing involves risk. Principal loss is possible.

投资涉及风险。可能会导致本金损失。

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

价格上涨风险。 作为本基金合成覆盖卖出期权策略的一部分，本基金购买和出售基于基础参考资产价值的看涨和看跌期权合约。该策略使得本基金面临与做空基础参考资产相同的某些风险，尽管实际上并不做空。由于本基金间接反向暴露于基础参考资产价值变化的风险，本基金面临基础参考资产价值上涨的风险。如果基础参考资产的价值上涨，本基金可能会贬值，因此可能遭受重大损失。

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

卖出期权策略风险。 本基金的卖出期权（出售）策略的路径依赖性（即持续使用）将影响本基金在基础参考资产价值下降时的参与程度，从而影响本基金的回报，无论是在卖出期权的期限内还是在更长的时间内。

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

购买 OTM 看涨期权风险。 如果基础参考资产价值上涨，本基金的策略可能会面临潜在损失，这可能无法通过购买价外（OTM）看涨期权来抵消。本基金购买 OTM 看涨期权以寻求管理（限制）本基金因基础参考资产显著增值而可能遭受的损失。然而，OTM 看涨期权仅在基础参考资产的价值上涨至购买的 OTM 看涨期权的行权价水平或以上时，才能限制本基金的损失。基础参考资产的价值上涨至低于购买的 OTM 看涨期权的行权价水平将导致本基金相应的损失。例如，如果 OTM 看涨期权的行权价水平大约是当时基础参考资产当前价值的 100% 之上，并且在购买的 OTM 看涨期权的期限内，基础参考资产的价值至少上涨 100%，本基金将失去全部价值。由于本基金承担购买 OTM 看涨期权的成本，这些成本将降低本基金的价值和/或本基金投资策略所产生的任何收入。

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared ("cleared derivatives"). In a transaction involving cleared derivatives, the Fund's counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house ("clearing members") can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

对手方风险。 本基金因投资于期权合约而面临对手方风险。某些类型衍生品（包括期权）的交易需要进行集中清算（“清算衍生品”）。在涉及清算衍生品的交易中，本基金的对手方是清算所，而不是银行或经纪商。由于本基金不是清算所的成员，只有清算所的成员（“清算成员”）才能直接参与清算所，因此本基金将通过清算成员的账户持有清算衍生品。

衍生品风险。 衍生品是从基础参考资产或资产（如股票、债券或基金（包括 ETF）、利率或指数）中衍生出价值的金融工具。本基金对衍生品的投资可能会带来额外的风险，这些风险可能大于直接投资于证券或其他普通投资所面临的风险，包括与市场相关的风险、与基础投资或本基金其他投资组合持有的投资的不完美相关性、价格波动性更高、可用性不足、对手方风险、流动性、估值和法律限制。

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

期权合约。 使用期权合约涉及与普通投资组合证券交易不同的投资策略和风险。期权的价格波动性大，受多种因素影响，包括基础参考资产价值的实际和预期变化，包括预期波动性，这些因素受到财政和货币政策以及国内和国际政治的影响，实际或隐含波动性变化、期权合约到期前的剩余时间和经济事件。

分配风险。 作为本基金的投资目标的一部分，本基金寻求提供当前收入。无法保证本基金在任何特定期间内会进行分配。如果本基金确实进行分配，则这些分配的金额可能会在每次分配之间有很大差异。

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

高投资组合周转风险。 本基金可能会积极和频繁地交易全部或大部分基金持有的资产。

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

流动性风险。 本基金持有的一些证券，包括期权合约，可能难以出售或流动性不足，特别是在市场动荡时期。

非多样化风险。 由于本基金是 “非多样化” 的，它可能会将更大比例的资产投资于单一发行人或较少数发行人的证券，而不是如果它是一个多样化基金时。

新基金风险。该基金是一家新成立的管理投资公司，没有运营历史。因此，潜在投资者没有可供其投资决策依据的业绩记录或历史数据。

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

价格参与风险。该基金采用的投资策略包括出售看跌期权合约，这限制了基金在看跌期内对基础参考资产价值下降的参与程度。

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

单一发行人风险。特定发行人的属性可能导致对该基金的投资比传统的分散风险的集合投资更为波动。对于任何专注于个别证券（例如，TSLA、COIN、NVDA、MSTR）的基金，其价值可能比传统的集合投资或整体市场更为波动，并且可能与传统集合投资或整体市场的价值表现不同。

通货膨胀风险。通货膨胀风险是指由于通货膨胀降低了货币的价值，资产或投资收入的未来价值可能会减少。随着通货膨胀的增加，基金资产和分配（如有）的现值可能会下降。

Risk Disclosures (applicable only to CHPY)

风险披露（仅适用于 CHPY）

Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies' supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

半导体行业风险。半导体公司可能面临国内外的激烈竞争，这种竞争可能对其利润率产生不利影响。半导体公司可能拥有有限的产品线、市场、财务资源或人员。半导体公司的供应链和运营依赖于符合严格标准的材料的可用性以及第三方提供组件和服务。

The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

半导体公司的产品可能因快速的技术发展和频繁的新产品推出而面临过时风险，增长率和合格人员服务的竞争变化不可预测。资本设备支出可能相当可观，设备通常会迅速过时。半导体行业的公司在很大程度上依赖于专利和知识产权。失去或损害这些权利将对这些公司的盈利能力产生不利影响。

Risk Disclosures (applicable only to YQQQ)

风险披露（仅适用于 YQQQ）

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

指数概述。纳斯达克 100 指数是一个基准指数，包含在纳斯达克证券市场上市的 100 家最大的非金融公司，按市值计算。

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

指数水平升值风险。作为基金的合成覆盖看跌策略的一部分，基金购买和出售基于指数水平的看涨和看跌期权合约。该策略使基金面临与做空指数相同的某些风险，即使它并没有这样做。由于基金间接地对指数水平变化的反向敞口，基金面临指数水平上升的风险。如果指数水平上升，基金可能会失去价值，因此，基金可能会遭受重大损失。基金还可能面临以下风险：创新和技术进步；指数成分公司强大的市场存在；适应全球市场趋势的能力；以及韧性和恢复潜力。

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

指数水平参与风险。该基金采用的投资策略包括出售看跌期权合约，这限制了基金在看跌期内从指数水平下降中获益的程度。这意味着如果在看跌期内，指数水平的价值下降低于已售看跌期权的行使价，基金可能不会以相同的程度体验到这种下降，任何基金收益可能与看跌期内的指数损失水平显著不同。此外，由于基金在每个看跌期内对指数水平下降的参与程度有限，但对指数水平上升的任何增加具有显著的负敞口，因此基金的净资产值可能在任何给定期间内下降。基金的净资产值依赖于每个期权组合的价值，主要基于指数水平表现的反向。基金从指数水平下降中获益的能力将取决于基金进入已售看跌期权合约时的市场条件，特别是市场波动性，并且会因看跌期而异。期权合约的价值受组成公司价值和股息率变化、利率变化、指数的实际或感知波动性变化以及期权到期剩余时间的影响，以及期权市场的交易条件。随着指数水平的变化和时间向每个看跌期的到期日移动，期权合约的价值，因此基金的净资产值，将会变化。然而，预计基金的净资产值不会在日常基础上与指数水平的回报直接反向相关。期权合约到期日剩余的时间影响期权合约的价值对基金净资产值的影响，这可能在基金期权合约的到期日之前不会完全生效。因此，尽管指数水平的变化将导致基金净资产值的变化，但基金通常预期其净资产值的变化率将与指数水平的变化的反向不同。

YieldMax® ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax® ETFs.

YieldMax® ETFs 由 Foreside Fund Services, LLC 分销。Foreside 与 Tidal Financial Group 或 YieldMax® ETFs 没有关联。

YieldMax® ETFs 宣布 SNOY、ULTY、TSMY、CRSH、YMAX 及其他基金的分配