THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH TESLA, INC.ĭue to the Fund’s investment strategy, the Fund’s investment exposure is concentrated in the same industry as that assigned to TSLA. The value of the Fund, which focuses on an individual security (TSLA), 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. 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. Investing in the fund involves a high degree of risk. The Fund does not invest directly in TSLA. The funds are distributed by Foreside Fund Services, LLC. ** Selling/writing calls will limit an ETF’s participation in the appreciation of the underlying security. All YieldMax ETFs have a gross expense ratio of 0.99%. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

The Current Yield represents a single distribution from the ETF and does not represent its total return. The Current Yield 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 Current Yield is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. Performance current to the most recent month-end can be obtained by calling (866) 864-3968. 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 above. Past performance does not guarantee future results. The performance data quoted above represents past performance. For a Fund’s standardized performance, click: OARK | TSLY | APLY | NVDY

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