YIELDMAX ULTRA SHORT OPTION INCOME STRATEGY ETF

The YieldMax® Ultra Short Option Income Strategy ETF (SLTY) is an actively managed fund that seeks to generate weekly income by taking short (inverse) exposure to a portfolio of 15 to 30 U.S.-listed equity securities (the “underlying securities”) and selling options on those securities. SLTY pursues a strategy designed to harvest attractive option premiums while retaining capped participation in potential price declines of the underlying securities.