MSTY ETF Profile

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

Inception Date:	22-Feb-2024
Termination Date:
Investment Objective:	The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of MicroStrategy Incorporated ("MSTR"), subject to a limit on potential investment gains. 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 the common stock of MicroStrategy Incorporated ("MSTR"), subject to a limit on potential investment gains. The Fund will employ its investment strategy as it relates to MSTR regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of MSTR, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs.

Prospectus

Top 10 Holdings
Cash & Other		87.2663%
MSTR US 07/19/24 C1540		20.6118%
MSTR 07/19/2024 1540.01 P		-17.1055%
United States Treasury Note/Bond 0.75% 11/15/2024	91282CDH1	6.4527%
United States Treasury Bill 06/13/2024	912797FS1	6.2810%
MICROSTR CLL OPT 05/24 1830		-1.9279%
Derivatives offset		-1.5785%
	Top 10 Holdings Weight:	100.0%