YieldMax ETFs

The ETF conversation you don't want to miss. Today at 1pm ET, @NYSE and @etf_central host the CRTR Economy Event, a panel on the future of the ETF ecosystem featuring @Michael_Khouw, YieldMax Strategist, alongside other industry leaders. Thanks to NYSE and ETF Central for hosting us and to @GavBlaxberg, CEO of WOLF Financial, for moderating the panel. Tune in to the livestream here: vimeo.com/event/5903995

5.4.2026: YieldMax ETFs Announces Distributions of Group 3 for the following ETFs. $MSST- $0.1989 $NVIT- $0.2394 $TEST- $0.2095 Press Release: tinyurl.com/2vupes55 Standardized performance: YieldMaxETFs.com Prospectus: Yieldmaxetfs.com/prospectus/all

Each week, we will spotlight the fund driving performance within our portfolio. This week’s standout: $AMDY, the YieldMax® AMD Option Income Strategy ETF. Prospectus: Yieldmaxetfs.com/prospectus/all View standardized performance at YieldMaxETFs.com

See the table below for cumulative total returns since inception date (based on NAV) for all YieldMax® ETFs, as of 4/30. Standardized performance @ YieldMaxETFs.com Find prospectus @ yieldmaxetfs.com/prospectus/all

$AMZN just dropped their earnings. Here is the quick recap for $AMZY, the YieldMax® AMZN Option Income Strategy ETF holders. What Happened: · The Results: $AMZN reported $2.78 EPS, or earnings per share, which represents a company’s profit divided by its outstanding shares, and $181.5B revenue. · The Reaction: The stock moved 0.77% in the trading session following the announcement. · What it means for $AMZY: Now that the news is out, the "volatility crush" has arrived. Implied volatility fell to 29.61%. Why This Matters: This is the moment our strategy works to "capture" the high premiums we saw leading up to the event. The high uncertainty before the report allowed us to sell options at higher prices. Now that the uncertainty has settled, that value is being processed into the fund's strategy. What’s Next? We’re already looking at the next cycle. Keep an eye out for our upcoming distribution announcement to see the strategy in action! Did the $AMZN results surprise you, or was it exactly what you expected?

$GOOGL has reported earnings-here’s what it means for $GOOY, the YieldMax® GOOGL Option Income Strategy ETF: What Happened: • The Results: $GOOGL reported $3.21 EPS, or earnings per share (profit divided by shares outstanding), and $ 94.668B in revenue. • The Reaction: The stock moved 9.96% following the announcement. • What it means for $GOOY: With the event now behind us, implied volatility declined to 31.12%, reflecting the typical post-earnings “volatility crush.” Why This Matters: The elevated premiums leading into earnings are now being realized as uncertainty clears. This transition is a key part of how the strategy captures value. What’s Next? Focus now shifts to the next cycle and upcoming distribution. Did $GOOGL come in where you expected?

We’re live today at 4:30 pm ET for this week’s YieldMax Khouw Down Livestream. Join us on @YieldMaxETFs as @Michael_Khouw breaks down the week’s market action and answers your questions. Tune in: x.com/i/broadcasts/1…

A lot of big names are reporting earnings within the next week. Which are you most interested in? Mike's tackling the top pick on today's Khouw Down, live at 4:30pm ET. 👇

With $COIN earnings approaching, the options market is already pricing in expectations. Here’s the setup for your $CONY, the YieldMax® COIN Option Income Strategy ETF position: Breakdown: • The IV Spike: 30-day implied volatility sits at 75.41%, or 2.93% above its 180-day level. For comparison, it averaged 68.16% ahead of the last four earnings events. • The Expected Move: Current at-the-money straddle pricing suggests a move of approximately 11.60%. A straddle reflects the combined cost of a call and put at the same strike, commonly used to estimate expected volatility around earnings. • The Goal: The approach focuses on capturing these elevated premiums heading into earnings to help support income generation. • The Bar: Consensus expectations are $0.377 EPS (earnings per share, or profit per outstanding share) and $1.514B in revenue. • Positioning: In the event of a larger-than-expected move, call spreads are used to help maintain upside participation. With expectations already priced in, what’s your read on $COIN this time around?

4.29.26: YieldMax ETFs Announces Distributions of Group 2 for the following ETFs. $ABNY – $0.4929 $AIYY – $0.1353 $AMDY – $0.9448 $AMZY – $0.2102 $APLY – $0.0958 $BABO – $0.1012 $BRKC – $0.1525 $CONY – $0.5307 $CRCO – $0.3673 $CRSH – $0.2443 $CVNY – $0.6400 $DIPS – $0.2767 $DISO – $0.0815 $DRAY – $0.2011 $FBY – $0.1904 $FIAT – $0.3093 $GDXY – $0.1571 $GMEY – $0.3998 $GOOY – $0.2247 $HIYY – $0.3703 $HOOY – $0.4955 $JPO – $0.1213 $MARO – $0.1353 $MRNY – $0.2176 $MSFO – $0.1761 $MSTY – $0.4886 $NFLY – $0.0687 $NVDY – $0.2072 $OARK – $0.4290 $PLTY – $0.3607 $PYPY – $0.4126 $RBLY – $0.2221 $RDYY – $0.3365 $SMCY – $0.1302 $SNOY – $0.0693 $TSLY – $0.2995 $TSMY – $0.2747 $WNTR – $0.3142 $XOMO – $0.0816 $XYZY – $0.4515 $YBIT – $0.3319 $YQQQ – $0.0508 Press Release: tinyurl.com/2wenjer2 Standardized performance: YieldMaxETFs.com Prospectus: Yieldmaxetfs.com/prospectus/all $AMD $CVNA $SMCI $MARA $HIMS

Earnings are approaching for $MSTR on May 5th! Here’s what it means for your $MSTY, the YieldMax® MSTR Option Income Strategy ETF position. Breakdown: · The IV Spike: 30-day implied volatility is sitting at 70.74%, which is 3.34% below the 180-day level. The average 30-day implied volatility before the last four earnings reports was 78.27%. · The Expected Move: Based on current options straddle pricing, the market is bracing for a 10.36% swing. A straddle combines the price of an at the money call and an at the money put with the same expiration, and the total cost reflects how much movement options traders are expecting around earnings. · The Goal: Our strategy is designed to capture these "juicier" pre-earnings premiums to support the fund's income objectives. · The Bar: Wall Street is expecting $27.33 EPS, or earnings per share, which represents a company’s profit divided by its outstanding shares, and $120M in revenue. · If by chance the post-earnings move is larger than the market expects, YieldMax uses call spreads as to not cap potential upside. How are you playing the $MSTR report?

The YieldMax Khouw Down Livestream returns Thursday at 4:30 pm ET. Live on @YieldMaxETFs and on YouTube. Your questions drive the conversation. Drop them below. Join us here: x.com/i/broadcasts/1…

4.28.2026: YieldMax ETFs Announces Distributions of Group 1 for the following ETFs. $CHPY – $0.6041 $FEAT – $0.2090 $FIVY – $0.1606 $GPTY – $0.3352 $LFGY – $0.2228 $MINY – $0.2667 $QDTY – $0.2153 $RDTY – $0.2415 $SDTY – $0.2066 $SLTY – $0.3083 $ULTY – $0.4027 $YMAG – $0.1203 $YMAX – $0.0997 Press Release: tinyurl.com/t88zr9p2 Standardized performance: YieldMaxETFs.com Prospectus: Yieldmaxetfs.com/prospectus/all

Earnings for $PLTR are right around the corner. Here’s what it means for your $PLTY, the YieldMax® PLTR Option Income Strategy ETF position: Breakdown: • The IV Spike: 30-day implied volatility is currently 59.98%, which is 5.26% above the 180-day average. Ahead of the last four earnings reports, 30-day implied volatility averaged 70.8%. • The Expected Move: Based on current options straddle pricing, the market is implying a move of around 11.24%. A straddle combines an at-the-money call and put with the same expiration, and the total price reflects expected movement around earnings. • The Goal: The strategy is designed to capture elevated pre-earnings premiums to support the fund’s income objectives. • The Bar: Wall Street is expecting $0.278 EPS, or earnings per share (a company’s profit divided by shares outstanding), and $1.537B in revenue. • Positioning: If the post-earnings move comes in above expectations, call spreads are used so as not to fully cap potential upside. Earnings setups like this can be telling, how are you viewing the $PLTR report?

4.27.2026: YieldMax ETFs Announces Distributions of Group 3 for the following ETFs. $MSST- $0.2026 $NVIT- $0.2402 $TEST- $0.2073 Press Release: tinyurl.com/53u248cp Standardized performance: YieldMaxETFs.com Prospectus: YieldMaxETFs.com/prospectus/all

Check out YieldMax® ETFs distribution announcement schedule for next week.

What's inside the YieldMax® Crypto Industry & Tech Portfolio Option Income ETF $LFGY? Here are the latest holdings Learn more at: yieldmaxetfs.com/our-etfs/lfgy

$TSLA just dropped their earnings. Here is the quick recap for $TSLY, the YieldMax® TSLA Option Income Strategy ETF holders. What Happened: ·The Results: $TSLA reported $0.41 EPS, or earnings per share, which represents a company’s profit divided by its outstanding shares, and $22.387B in revenue. ·The Reaction: The stock moved -3.56% in the trading session following the announcement. ·What it means for $TSLY: Now that the news is out, the "volatility crush" has arrived. Implied volatility fell to 40.72%. Why This Matters: This is the moment our strategy works to "capture" the high premiums we saw leading up to the event. The high uncertainty before the report allowed us to sell options at higher prices. Now that the uncertainty has settled, that value is being processed into the fund's strategy. What’s Next? We’re already looking at the next cycle. Keep an eye out for our upcoming distribution announcement to see the strategy in action! Did the $TSLA results surprise you, or was it exactly what you expected?

Today at 4:30pm ET → The Khouw Down Livestream. We’ll cover this week’s market developments and discuss YieldMax strategy in real time. Set your reminder and join us live: x.com/i/broadcasts/1…

Income strategies don’t have to be one-size-fits-all. $MINY, the YieldMax® Strategic Metals & Mining Portfolio Option Income ETF takes a sector-specific approach - seeking current income through options on metals and mining companies. What other sectors would you like to see explored through an options-income lens next?