YieldMax TSLA Performance & Distribution Target 25 ETF

Cboe: TEST

Listed November 18, 2025

The Fund does not invest directly in TSLA

Investing in the fund involves a high degree of risk.

Single Issuer Risk. 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. 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.

The Funds strategy will cap its potential gains if TSLA shares increase in value. The Funds strategy is subject to all potential losses if TSLA shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investors.

The Annual 25% Target is not a guarantee, nor does it represent a 25% yield or a 25% total return.