YieldMax Short N100 Option Income Strategy 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 15 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About YQQQ
TheFund is an actively managed exchange-traded fund (“ETF”) that seeks current income while providing indirect inverseexposure to the performance of the Index (the “Index level”), which is generally subject to participation in aportion of potential investment gains. If the Index level significantly decreases, the Fund will not fully benefit from the inverseof those decreases. The Fund will employ its investment strategy as it relates to the Index regardless of whether there are periodsof strong market, economic, or other conditions and will not take temporary defensive positions during such periods. Asfurther described below, the Fund uses either a synthetic covered put strategy or synthetic covered put spread strategy to generateoptions premiums and provide indirect inverse exposure to the Index level, subject to participation in a portion of potentialinvestment gains as a result of the nature of the options strategy it employs. That is, the Fund not only seeks to generate optionspremiums but also aims to derive additional gains when the Index level decreases. The Fund’s options contractsprovide: ● indirect inverse exposure to the Index level, ● option premiums, and ● participation in a portion of gains, if any, arising from decreases in the Index level. Formore information, see sections “The Fund’s Use of Option Contracts” and “Synthetic “Covered PutStrategy Overview” below. TheFund’s investment adviser is Tidal Investments LLC (the “Adviser”). Whyinvest in the Fund? ● The Fund seeks to benefit when the Index level decreases. The Fund partially participates in gains from any decreases in the Index level. ● The Fund seeks to generate weekly cash distributions, which is not dependent on the depreciation of the Index. ● The Fund seeks to manage potential losses (i.e., cap losses if the Index level experiences significant gains) by purchasing out-of-the-money call options (further described below). Althoughthe Fund may not fully benefit from decreases in the Index level, the Fund’s portfolio is designed to generate options premiums. AnInvestment in the Fund is not an investment in the Index. Further, an Investment in the Fund differs from “short selling”or “shorting” the Index. ● The Fund partially participates in gains from any decreases in the Index level. ● The Fund’s strategy is subject to potential losses if the Index increase in value, which may not be offset by options premiums received by the Fund or by the purchase of out-of-the-money call options (further described below). ● The Fund does not invest directly in the Index (nor companies that comprise the Index). ● The Fund does not directly short the Index (nor companies that comprise the Index). ● Fund shareholders are not entitled to any dividends paid by any companies that comprise the Index. Whilethe Fund seeks to provide current income pursuant to its investment objective, a portion (sometimes significant) of the Fund’sdistributions may be classified as return of capital (“ROC”) for financial or tax reporting purposes. Generally speaking,ROC refers to the portion of a distribution from an investment that represents a return of the original investment (principal)rather than income or profit. Accordingly, such distributions do not necessarily reflect the Fund’s income or yield. Seethe prospectus section titled “Additional Information About the Fund” for more information about option premiums andROC. Additionalinformation regarding the Index is also set forth below. TheFund’s Use of Option Contracts Aspart of the Fund’s synthetic covered put strategy and synthetic covered put spread strategy, the Fund will purchase andsell a combination of standardized exchange-traded and FLexible EXchange® (“FLEX”) call and put optioncontracts that are based on the Index level. All options on the Index are cash settled. The Fund may use European FLEXoptions as well as options that are exercisable at any time (i.e. American style options contracts). Seethe “Additional Information About the Fund” section for an overview of put and call option terminology. SyntheticCovered Put Strategy Overview Inseeking to achieve its investment objective, the Fund may implement a “synthetic covered put” strategy usingthe standardized exchange-traded and FLEX options. The Fund uses a synthetic put strategy rather than a traditional one, utilizingTreasuries as collateral to potentially achieve higher returns than those of the Index. ● A traditional covered put strategy is an investment strategy where an investor (the Fund) sells a put option on the investment (i.e., the Index) it is short. ● A synthetic covered put strategy is similar to a traditional covered put strategy in that the investor sells a put option that is based on the Index level. However, in a synthetic covered put strategy, the investor (the Fund) does not actually short the Index, but rather seeks to synthetically replicate a short position in the Index (i.e., it seeks inverse exposure to the movements of the Index level) through the use of various investment instruments. TheFund’s synthetic covered put strategy consists of the following four elements, each of which is described in greater detailbelow: ● Synthetic short exposure to the Index, which allows the Fund to seek to participate, on an inverse basis, in changes, up or down, to the Index level. ● Covered put writing (where the Index put options are sold against the synthetic short portion of the strategy), which allows the Fund to generate options premiums. ● U.S. Treasuries, which are used for collateral for the options, and which also generate income. ● Out-of-the money (“OTM”) call options, which are purchased to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the Index if its level appreciates significantly. However,this loss capping works only if the level of the Index reaches or exceeds the strike price of the OTM call options that were purchased.If the Index’s level increases but stays below the strike price of these options, the Fund will incur losses proportionateto such degree of increase. SyntheticCovered Put Strategy 1. SyntheticShort Exposure Toachieve a synthetic short exposure to the Index, the Fund will write (sell) Index call options and, simultaneously, go long (buy)Index put options to try to replicate inverse exposure to the movements of the Index level. The put options purchased by the Fundand the call options sold by the Fund will generally have three-month to six-month terms and strike levels that are approximatelyequal to the then-current Index level at the time the contracts are purchased and sold, respectively. The Fund uses the proceedsfrom selling call options to help pay for the purchased put options. The combination of the long put options and sold call optionsprovides the Fund with investment exposure equal to approximately -100% of the changes to the Index level for the duration ofthe applicable options exposure (i.e., the synthetic short position is expected to gain value when the Index level decreases andto lose value when the Index level increases). 2. CoveredPut Strategies CoveredPut Writing Strategy. As part of its strategy, the Fund will write (sell) put option contracts on the Index to generate optionspremiums. The put options written (sold) by the Fund will generally have 1-month or less expiration dates (the “Put Period”)and a strike level that is approximately 0%-15% below then-current Index level at the time of such sales. Itis important to note that the sale of Index put option contracts will limit the Fund’s participation in decreases in theIndex level. If the Index level decreases, the above-referenced synthetic short exposure alone would allow the Fund to experiencesimilar percentage gains. However, if the Index level decreases beyond the strike level of one or more of the sold (short) putoption contracts, the Fund will lose money on those short put positions, and the losses will, in turn, limit the gains of theFund’s synthetic short exposure. As a result, the Fund’s overall strategy (i.e., the combination of the syntheticshort exposure to the Index and the sold (short) Index put positions) will limit the Fund’s participation in decreases inthe Index level beyond a certain point. CoveredPut Spread Strategy. The Adviser will employ the Covered Put Spread Strategy when it believes it is a better strategy forthe Fund rather than the Covered Put Strategy. The Fund may write (sell) credit put spreads (described below) rather than stand-aloneput option contracts to seek greater participation in the potential decline of the value of its Index, while still generatingnet options premiums. The Adviser will primarily employ this covered put spread strategy when it believes that the value of itsIndex is likely to decline significantly in the short term (e.g., following a substantial market rally or overall negative marketnews). Additionally, the Adviser may use this strategy in other scenarios (e.g., if the market is undervaluing further out-of-the-moneyoptions relative to near-the-money options), where it believes the use of credit put spreads may prove more advantageous to theFund’s total return than the covered put strategy. 3. U.S.Treasuries TheFund will hold short-term U.S. Treasury securities as collateral in connection with the Fund’s synthetic covered put strategy.The Fund may also invest in pooled vehicles (e.g., mutual funds and ETFs) that invest in U.S Treasuries. 4. OTMCall Purchasing TheFund purchases out-of-the-money (OTM) calls to seek to manage (cap) the Fund’s potential losses from the Fund’s shortexposure to the Index level if such level appreciates significantly. OTMcall options are a type of options contract where the strike level is set higher than the current market level of the underlyingasset, referred to here as the Index. When the Fund buys these OTM call options, it is essentially setting a fixed Index level.This level acts as a cap on the Fund’s potential losses that might arise from its indirect inverse exposure to the levelof the Index, the Index. However, this loss capping works only if the level of the Index reaches or exceeds the strike priceof the OTM call options that were purchased. If the Index’s level increases but stays below the strike price of these options,the Fund will incur losses proportionate to such degree of increase. Forexample, if the OTM call options have a strike level that is approximately 70% above the then-current level of the Index at thetime of the call purchase, and the level of the Index increases by 60% during the term of the purchased OTM call options, theFund will lose approximately 60% of its value. If instead, the level of the Index increases by 80% during the term of the purchasedOTM call options, the Fund’s losses will be capped at approximately 70%. TheFund bears the costs of purchasing the OTM calls and such costs will decrease the Fund’s value and/or any income otherwisegenerated by the Fund’s investment strategy. TheFund intends to maintain its synthetic covered put strategy through the use of options contracts. As the options contracts itholds are traded, exercised or expire, it may enter into new options contracts, a practice referred to as “rolling.”The Fund’s practice of rolling options may result in high portfolio turnover. Fund’sWeekly Distributions TheFund will seek to provide weekly distributions. The Fund will seek to generate such distributions in the following ways: ● Writing (selling) put option contracts on the Index, as described above. The option premiums received will be primarily influenced by the volatility of the Index, although other factors, including interest rates, will also impact the level options premiums. ● Investing in short-term U.S. Treasury securities. The income generated by such securities will be influenced by interest rates at the time of investment. ● The Fund’s use of the covered put spread strategy may occasionally allow it to capture a substantial portion of any significant decrease in the value of the Index. When this happens, the Fund could receive profits exceeding the initial cost of the put option which was bought, and the Fund’s distributions may include some of those profits. TheFund’s options premiums received will be partially offset (reduced) by the premiums paid for purchasing OTM call options,which are purchased to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the Indexlevel if it appreciates significantly in value. FundPortfolio TheFund’s principal holdings are described below: YieldMax® Short N100 Option Income Strategy ETF – Principal Holdings Portfolio Holdings (All options are based on the Index level) Investment Terms Expected Target Maturity Primary Purpose of Holding Purchased put option contracts “at-the-money” (i.e., the strike level is equal to then-current level of the Index at the time of purchase) to provide exposure to decreases in the Index level. If the Index level decreases, these options will generate corresponding increases to the Fund. 1-month to 6-month expiration dates Combined with the sold call options, creates a synthetic short position on the Index. Sold call option contracts “at-the-money” (i.e., the strike level is equal to then-current level of the Index at the time of sale). They are sold to help pay for the purchased put options described above. However, the sold call option contracts provide exposure to the full extent of any increases experienced by the Index level. 1-month to 6-month expiration dates Combined with the purchased put options, creates a synthetic short position on the Index. Sold (short) put option contracts (Covered Put Writing Strategy) The strike level is approximately 0%-15% below then-current level of the Index at the time of sale. They generate options premiums. However, they also limit some potential positive returns that the Fund may have otherwise experienced. 1-month or less expiration dates Generate options premiums, in return for capping the returns of the Fund’s synthetic short position. Sold (short) put option contracts (Covered Put Spread Strategy) The strike price is approximately 0%-15% below than the then-current value of the Index at the time of sale. Sold put option contracts provide inverse exposure to the full extent of any declines in the value experienced by the Index, minus the premium received. 1-month or less expiration dates Combined with the purchased put option contract below, generates options premiums for the Fund, in return for limiting the returns of the Fund’s synthetic short position. Purchased put option contracts (Covered Put Spread Strategy) “out-of-the-money” (i.e., the strike price is below the strike price of the corresponding Covered Put Spread Strategy sold put). Bought put option contracts provide exposure to the full extent of any declines in the value experienced by the Index below the option’s strike price. 1-month or less expiration dates Combined with the Sold (short) put option contracts above, generates options premiums, in return for limiting the returns of the Fund’s synthetic short position. YieldMax® Short N100 Option Income Strategy ETF – Principal Holdings Portfolio Holdings (All options are based on the Index level) Investment Terms Expected Target Maturity Primary Purpose of Holding U.S Treasury Securities and Cash Multiple series of U.S. Treasury Bills supported by the full faith and credit of the U.S. government. These instruments are used as collateral for the Fund’s derivative investments. They will also generate income. 6-month to 2-year maturities Collateral for the options positions and some additional income. Purchased call option contracts (OTM Call Purchasing) “out-of-the-money” (i.e., the strike level is above then-current level of the Index at the time of purchase). They limit the Fund’s potential losses if the Index level experiences significant gains. They represent a cost (debit) that will partially offset (reduce) the net premium received from the sale of the put options. 1-month to 6-month expiration dates Limits the maximum loss of the Fund’s synthetic short position. Themarket value of the cash and treasuries held by the Fund is expected to be between 50% and 100% of the Fund’s net assetsand the market value of the options package is expected to be between 0% and 50% of the Fund’s net assets. The combinationof these investment instruments provides indirect inverse investment exposure to the Index level equal to at least 95% of theFund’s total assets. Undernormal circumstances, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in securitiesand financial instruments that provide inverse exposure to the performance of the Index. TheFund is classified as “non-diversified” under the 1940 Act. Thereis no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all ofits investment. Noneof the Fund, the Trust, the Adviser, or their respective affiliates makes any representation to you as to the performance of theIndex. THEFUND, TRUST AND ADVISER ARE NOT AFFILIATED WITH THE INDEX. Noneof the Fund, the Trust, the Adviser, or their respective affiliates, claim any ownership interest in any trademarks owned by Nasdaq,Inc. All rights in the trademarks are reserved by their respective owners. IndexOverview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on theNasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high marketvalue, often in the billions of dollars. Theindex includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’shistoric strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care,communication services, and industrials, among others. Interms of volatility, like all stock indices, the Nasdaq 100 experiences daily value movements and can be significantly volatileat times. This is often driven by macroeconomic factors, market sentiment, and financial results or news from its large constituents.Historical periods of significant volatility include the dot-com bubble burst around 2000 and the global financial crisis of 2007-2008,among other events. However, the specific degree of volatility can vary and is subject to change based on market conditions.
YQQQ News
- Avoiding Lag: Real-Time Signals in (YQQQ) Movement
- YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Raises Dividend to $0.04 Per Share
- YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Short Interest Up 69.9% in July
- YieldMax Short N100 Option Income Strategy ETF to Issue Dividend of $0.07 (NASDAQ:YQQQ)
- YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Increases Dividend to $0.07 Per Share
- YieldMax Short N100 Option Income Strategy ETF to Issue Dividend of $0.05 (NASDAQ:YQQQ)
- (YQQQ) Price Dynamics and Execution-Aware Positioning
- (YQQQ) as a Liquidity Pulse for Institutional Tactics
- Short Interest in YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Increases By 111.4%
- YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Plans Dividend of $0.04
Data for YQQQ 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.