Core Insights - YieldMax NVDA Option Income Strategy ETF (NVDY) is designed to attract income-focused investors through weekly distributions generated from Nvidia (NVDA) [1] Company Summary - The ETF provides a strategy that leverages Nvidia's performance to deliver consistent income to investors [1] - Weekly distributions are a key feature of this investment vehicle, appealing to those seeking regular income [1] Industry Summary - The strategy reflects a growing trend in the investment industry towards income-generating products, particularly in the technology sector [1] - Nvidia's strong market position and performance contribute to the attractiveness of the ETF for income-focused investors [1]

Core Insights - YieldMax® Target 12™ Big 50 Option Income ETF (BIGY) has achieved significant performance in its first year, outperforming competitors like JPMorgan Equity Premium Income ETF (JEPI) and NEOS S&P 500 High Income ETF (SPYI) in cumulative total returns [1][5] Performance Summary - BIGY's cumulative total returns as of November 20, 2025, are as follows: - 3 Months: 5.02% - 6 Months: 15.29% - 1 Year: 14.72% - In comparison, JEPI and SPYI reported: - JEPI: 3 Months: -0.32%, 6 Months: 3.46%, 1 Year: 1.98% - SPYI: 3 Months: 1.96%, 6 Months: 9.17%, 1 Year: 10.16% [1] Fund Objectives and Strategy - BIGY is designed to target an annual yield of 12% while pursuing capital appreciation through investments in fifty large-cap U.S. companies [2][6] - The fund employs an option income strategy to generate income and seeks additional capital appreciation through direct equity investments, providing a balanced approach for various portfolio goals [2] Expense Ratios - BIGY has a gross expense ratio of 0.99% - In comparison, JEPI has a gross expense ratio of 0.35% and SPYI has a gross expense ratio of 0.68% [6][7]

Core Viewpoint - YieldMax® ETFs announced distributions for their Group 2 weekly pay ETFs, highlighting significant distribution rates and yields across various funds [1][2]. Distribution Announcement - Ex. & Record Date: November 20, 2025 - Payment Date: November 21, 2025 - Various ETFs are listed with their respective distributions per share, distribution rates, SEC yields, and return of capital percentages [2][3]. ETF Performance Highlights - YieldMax® ABNB Option Income: $0.1074 per share, 62.40% distribution rate, 2.78% SEC yield, 18.41% ROC [2] - YieldMax® AMD Option Income: $0.1795 per share, 106.96% distribution rate, 0.99% SEC yield, 99.00% ROC [2] - YieldMax® COIN Option Income: $0.0635 per share, 68.17% distribution rate, 2.91% SEC yield, 0.00% ROC [2] - YieldMax® META Option Income: $0.0904 per share, 37.78% distribution rate, 2.63% SEC yield, 25.85% ROC [2] Additional ETF Information - All YieldMax® ETFs have a gross expense ratio of 0.99% [6]. - The distribution rates are calculated based on the most recent NAV and may vary significantly over time [7][19].

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]