NFLY

YieldMax™ NFLX
Option Income
Strategy ETF

NFLY

Distribution Rate	Data
Distribution Rate* As of 09/21/2023	29.97%
Distribution Frequency	Monthly
30-Day SEC Yield** As of 08/31/2023	nan%

For YieldMax™ ETFs Distribution Schedule, click here.

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The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting 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. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended 08/31/2023, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. All YieldMax ETFs have a gross expense ratio of 0.99%.* Distributions are not guaranteed. **The Distribution Rate and 30-Day SEC Yield is 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 month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund's NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions 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. Additional fund risks can be found below

Fund Overview

The YieldMax™ NFLX Option Income Strategy ETF (NFLY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on NFLX. NFLY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of NFLX.

The Fund does not invest directly in NLFX.
Investing in the fund involves a high degree of risk. Investing in the fund involves a high degree of risk.
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 (NFLX), 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.

The Fund’s strategy will cap its potential gains if NLFX shares increase in value. The Fund’s strategy is subject to all potential losses if NFLX shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investor.

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 Netflix, Inc. (“NFLX”), subject to a limit on potential investment gains.

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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 Tesla, Inc. (“TSLA”), subject to a limit on potential investment gains.

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To view the fund’s Top 10 Holdings, click here. Holdings are subject to change.

Fund Information

wdt_ID	New column	New column
1	Fund Name	YieldMax™ NFLX Option Income Strategy ETF
2	Ticker	NFLY
3	Fund Inception	8/07/2023
4	Primary Exchange	NYSE Arca
5	CUSIP	88634T782
6	NAV Symbol	NFLY.NV
7	Gross Expense Ratio	0.99%

Fund Data & Pricing

Name
09/20/2023

Name	value
Net Assets	$8.45m
NAV	$16.89
Shares Outstanding	500,000.00
Premium/discount Percentage	0.22%
Closing Price	$16.93
Median 30 Day Spread	0.45%

Performance

Inception Date: 06/27/2022

Month-End

Quarter-End

Month-End

Name
08/31/2023

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	Since Inception Cumulative	Since Inception Annualized	Date
YieldMax NFLX Option Income Strategy ETF	NFLY NAV	–	–	–	–	–	–	–	-0.79	–	08/31/2023
YieldMax NFLX Option Income Strategy ETF	NFLY MKT	–	–	–	–	–	–	–	-0.5	–	08/31/2023

Quarter-End

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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. Performance current to the most recent month-end can be obtained by calling (866) 864-3968. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, monthly. There is no guarantee these distributions will be made.

DISTRIBUTION DETAIL

Distribution per Share	Declaration Date	EX-Date	Record Date	Payable Date	dividend_frequency	dividend_type
0.4194	09/07/2023	09/08/2023	09/11/2023	09/18/2023	Monthly	Income

Holdings

Top 10 Holdings

Holdings subject to change.

Name
09/22/2023

Date	Account	SecurityName	StockTicker	CUSIP	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
09/22/2023	NFLY	NFLX 11/17/2023 435.01 P	2NFLX 231117P00435010	2NFLX 231117P00435010	-230.00	55.68	-1,280,684.46	-14.53%	8,814,907	525,000	21
09/22/2023	NFLY	UNITED STATES TREAS NTS 0.75% 11/15/2024	91282CDH1	91282CDH1	4,890,000.00	94.82	4,636,904.31	52.60%	8,814,907	525,000	21
09/22/2023	NFLY	UNITED STATES TREAS NTS 0.75% 12/31/2023	91282CDR9	91282CDR9	4,701,000.00	98.74	4,641,748.88	52.66%	8,814,907	525,000	21
09/22/2023	NFLY	NETFLIX CLL OPT 09/23 405	NFLX 230922C00405000	NFLX 230922C00405000	-120.00	0.08	-960.00	-0.01%	8,814,907	525,000	21
09/22/2023	NFLY	NFLX US 09/29/23 C400	NFLX 230929C00400000	NFLX 230929C00400000	-10.00	2.33	-2,330.00	-0.03%	8,814,907	525,000	21
09/22/2023	NFLY	NETFLIX CLL OPT 11/23 435	NFLX 231117C00435000	NFLX 231117C00435000	230.00	8.50	195,500.00	2.22%	8,814,907	525,000	21
09/22/2023	NFLY	Cash & Other	Cash&Other	Cash&Other	623,809.00	1.00	623,809.00	7.08%	8,814,907	525,000	21	Y

Literature

Purchase Information

Buy NFLY

The YieldMax™ NFLX Option Income Strategy ETF (NFLY) is available through various channels including via phone (866) 864-3968, broker-dealers, investment advisers, and other financial services firms, including:

This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

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NFLY

YieldMax™ NFLX Option Income Strategy ETF

NFLY

As of 09/21/2023

As of 08/31/2023

Fund Overview

Investment Objective

RoundHill

Investment Objective

Fund Information

Fund Data & Pricing

Performance

DISTRIBUTION DETAIL

Holdings

Literature

Purchase Information

News

Median 30-Day Spread Percentage

30-Day SEC Yield

Gross Expense Ratio

Net Expense Ratio

YieldMax™ NFLX
Option Income
Strategy ETF