DDDD

YieldMax U.S. Stocks Target Double Distribution ETF is an actively managed fund that combines passive long equity exposure to constituents of the Dow Jones U.S. Dividend 100 Index with an active option strategy designed to target approximately double the annualized distribution yield of the Schwab U.S. Dividend Equity ETF (SCHD). The strategy generates additional premium income by dynamically trading credit spreads, diagonal spreads, calendar spreads, collars, and cash-secured puts on a select subset of underlying holdings while maintaining capital appreciation participation.