YieldMax NVDA Performance & Distribution Target 25 ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 10 holdings as of Apr 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NVIT
TheFund is an actively managed exchange-traded fund (“ETF”) that seeks (i) to generate cash distributions based on atargeted annual cash distribution level of 25% (the “Annual 25% Target”), and (ii) capital appreciation. The Fund’sstrategy combines (1) synthetic long exposure to the common stock of NVDA (the “Underlying Security”), and (2) theuse of options strategies designed to generate premiums. The Fund will also maintain an allocation to cash, money market funds,or U.S. Treasuries (generally 50% to 100% of assets) to provide liquidity, serve as margin, and collateralize its derivative positions. SyntheticExposure to the Underlying Security Ratherthan purchasing shares of the Underlying Security directly, the Fund creates synthetic exposure by combining long call optionswith short put options on the Underlying Security. Together, these positions are designed to replicate the price movements ofthe Underlying Security, subject to limits on potential gains created by the sale (writing) of options (see section below titled“Options Strategies – Seeking Premiums”). Alternatively, the Fund may also purchase deep in the money call optionson the underlying security which provides similar exposure to the Fund. This synthetic exposure generally provides the Fund withinvestment exposure equal to approximately 100% of the Underlying Security over the term of the contracts. OptionsStrategies – Seeking Premiums Separately,the Fund employs various options strategies focused on generating premiums. Generally speaking, the Fund sells (writes) optionson the Underlying Security, receiving premiums from counterparties that pay for the right to buy or sell at a set price. Thesepremiums are an important driver of the Fund’s distributions. On a weekly basis, the Adviser uses one or more options strategiesto seek to generate net premiums (i.e., option premiums received, less option premiums paid) with a target of approximately 2.2%per month. Actual results may vary and are not guaranteed. Receipt of an option premium does not always represent income;depending on the outcome of the overall options transaction. Premiumlevels are influenced by market conditions, particularly volatility, and the Adviser may adjust the Fund’s options strategiesdepending on the outlook for the Underlying Security. While option selling may provide premium opportunities, it may also limitupside gains or increase downside risk. Theoptions strategy most frequently utilized by the Fund is called a covered call spread, which is a type of selling credit spread.The Fund uses covered call spreads to earn premium by selling a call option while buying another at a higher strike, with bothprofit and loss capped. See the prospectus section titled “Additional Information About the Funds” for a list of theoptions strategies that the Fund may utilize, together with a description of each options strategy. Annual25% Target Distribution Asdiscussed above, the Fund’s options strategies are designed to seek net premiums of approximately 2.2% per month. The Fundhas also established a target annual cash distribution level of approximately 25% of its net asset value (the “Annual 25%Target”). This target reflects the Adviser’s expectations based on the premiums the Fund seeks to generate and theannualized effect of those premiums. In practice, the Fund’s options strategies are designed to seek monthly distributionlevels of roughly 2.2%, which, when annualized, correspond to the Annual 25% Target. The Annual 25% Target is not a guarantee,nor does it represent a 25% yield or a 25% total return. Actual distributions may be higher or lower depending on market conditionsand the Fund’s results. Tothe extent the Fund’s returns fall short of the Annual 25% Target, distributions will reduce the Fund’s net assetvalue(NAV). Although stated as an annual target, distributions are paid more frequently, and any amount the Fund pays in excessof its earnings will reduce NAV. If the Fund’s NAV declines over time, the dollar amount of future distributions will alsodecrease. Distributions may include a significant portion classified as return of capital (“ROC”). ROC generally representsa return of a shareholder’s invested capital rather than traditional income such as dividends or interest. See the prospectussection titled “Additional Information About the Funds” for more information about option premiums and ROC. TheFund seeks to pay distributions on a weekly basis, but there is no assurance the Fund will achieve the Annual 25% Target in anyyear. Treasuries Inaddition, the Fund will hold cash or short-term U.S. Treasury securities. These securities serve a dual purpose: providing collateralfor the Options Strategies and contributing to the Fund’s income generation. AdditionalFund Attributes TheFund is classified as “non-diversified” under the 1940 Act. The Fund’s investment strategy is expected to resultin high portfolio turnover on an annual basis. Undernormal circumstances, the Fund will invest at least 80% of the value of its assets, plus borrowings for investment purposes, inoptions contracts that provide exposure to the Underlying Security. Thereis no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all ofits investment. NvidiaCorporation NvidiaCorporation is a technology company that designs graphics processing units (“GPUs”). Nvidia Corporation has createdGPU-based visual computing and accelerated computing platforms that address four separate markets: gaming, professional visualization,data center, and automotive. Nvidia Corporation is listed on The Nasdaq Global Select Market. The aggregate market value of thevoting stock held by non-affiliates of Nvidia Corporation as of July 26, 2024 was approximately $2.7 trillion (based on the closingsales price of Nvidia Corporation ‘s common stock as reported by Nasdaq on July 26, 2024). NvidiaCorporation is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Informationprovided to or filed with the SEC by Nvidia Corporation pursuant to the Exchange Act can be located by reference to the SEC filenumber 0-23985 through the SEC’s website at www.sec.gov. In addition, information regarding Nvidia Corporation may be obtainedfrom other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents. Thisdocument relates only to the securities offered hereby and does not relate to NVDA or other securities of Nvidia Corporation.The Fund has derived all disclosures contained in this document regarding Nvidia Corporation from the publicly available documents.In connection with the offering of the securities, none of the Fund, the Trust, the Adviser, or their respective affiliates hasparticipated in the preparation of such documents or made any due diligence inquiry with respect to Nvidia Corporation None ofthe Fund, the Trust, the Adviser, or their respective affiliates makes any representation that such publicly available documentsor any other publicly available information regarding Nvidia Corporation is accurate or complete. Furthermore, the Fund cannotgive any assurance that all events occurring prior to the date hereof (including events that would affect the accuracy or completenessof the publicly available documents described above) that would affect the trading price of Nvidia Corporation (and thereforethe price of the Fund at the time we price the securities) have been publicly disclosed. Subsequent disclosure of any such eventsor the disclosure of or failure to disclose material future events concerning Nvidia Corporation could affect the value receivedwith respect to the securities and therefore the value of the securities. Noneof the Fund, the Trust, the Adviser, or their respective affiliates makes any representation to you as to the performance of NVDA. NONEOF THE FUND, TIDAL TRUST II, OR TIDAL INVESTMENTS LLC IS AFFILIATED, CONNECTED, OR ASSOCIATED WITH NVIDIA CORPORATION. THEFUND WAS NOT DEVELOPED OR CREATED BY, AND IS NOT SPONSORED, ENDORSED, OR APPROVED BY, NVIDIA CORPORATION. Moreover,Nvidia Corporation has not participated in the development of the Fund’s investment strategy. Nvidia Corporationdoes not select or approve the Fund’s portfolio holdings, nor does it participate in the construction, design,or implementation of the Fund. Nvidia Corporation does not provide any assurances, guarantees, or representations regardingthe Fund or its performance. Nothing herein shall be construed as an offer of any security by Nvidia Corporation. YieldMax® andYieldMax® NVDA Performance & Income Target 25™ ETF are the exclusive trademarks of Tidal InvestmentsLLC, ZEGA Financial, LLC, Lucania Investments LLC, and Level ETF Ventures LLC. The Fund, the Trust, and the Adviser do not claimany ownership interest in any trademarks owned by NVDA or its affiliates. All rights in the trademarks are reserved by their respectiveowners. Dueto the Fund’s investment strategy, the Fund’s investment exposure is concentrated in the same industry as that assignedto NVDA. As of the date of the Prospectus, NVDA is assigned to the semiconductors & semiconductor equipment industry.
Data for NVIT is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.