YieldMax Ultra Option Income Strategy ETF

Frequently Asked Questions About ULTY

What does ULTY invest in?

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an actively managed exchange-traded fund structured to generate consistent income. It accomplishes this by utilizing a varied portfolio of covered call options. The fund typically invests in 15 to 30 underlying securities, which are primarily chosen based on their implied volatility. While ULTY provides exposure to the performance of these foundational assets, any potential gains are subject to an upper limit. The investment portfolio undergoes regular re-evaluation and modifications, with holdings being increased, reduced, or replaced as market conditions shift.

What is the expense ratio of ULTY?

YieldMax Ultra Option Income Strategy ETF (ULTY) charges an expense ratio of 1.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is ULTY's dividend yield?

ULTY's trailing-twelve-month yield is 108.66%, calculated from the sum of dividends over the past year divided by the current price.

Is ULTY a good long-term hold?

ULTY is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does ULTY's daily reset work?

ULTY rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is ULTY?

YieldMax Ultra Option Income Strategy ETF (ULTY) manages $764.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.