Group 1 - YieldMax AAPL Option Income Strategy ETF (NYSEARCA: APLY) is an actively managed ETF launched on April 17, 2023, with a primary objective of generating current income and a secondary objective of providing capped exposure to Apple Inc.'s common stock [1] - The ETF is managed by Fred, who leads the investing group Quantitative Risk & Value, focusing on quality dividend stocks and tech innovation companies [1] - Fred Piard, PhD, has over 30 years of experience in technology and has been investing in data-driven systematic strategies since 2010 [1]

Group 1 - YieldMax® launched the YieldMax® DKNG Option Income Strategy ETF (NYSE Arca: DRAY) to generate current income through options-based strategies on DraftKings, Inc. (DKNG) [1] - DRAY is managed by Tidal Financial Group and does not invest directly in DKNG [1][2] - DRAY is the newest addition to the YieldMax® ETF family, which aims to deliver current income to investors [2] Group 2 - DRAY will be classified as a Group C ETF, with its first distribution expected to be announced on August 20, 2025 [2] - The distribution information for all outstanding YieldMax® ETFs includes various ETFs with different distribution rates and frequencies [3][4] - The YieldMax® ETFs have a gross expense ratio of 0.99%, with some exceptions having different management fees and acquired fund fees [7]

Core Insights - Adverse market conditions can reveal more about investment holdings in a short time compared to long-term performance during favorable conditions [1] Group 1 - A good investment should endure over time, indicating resilience in various market conditions [1]