YieldMax TSLA Performance & Distribution Target 25 ETF seeks current income; the secondary investment objective is to seek indirect exposure to the share price of Tesla,Inc. which is generally subject to a limit on potential investment gains. The fund is an actively managed exchange-traded fund ("ETF") the management seeks (i) to generate cash distributions based on a targeted annual cash distribution level of 25%, and (ii) capital appreciation. The fund's strategy combines (1) synthetic long exposure to the common stock of TSLA (the "Underlying Security"), and (2) the use of options strategies designed to generate premiums. The fund is non-diversified.
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