CHICAGO and MILWAUKEE and NEW YORK, Nov. 18, 2025 (GLOBE NEWSWIRE) — YieldMax® ETFs is thrilled to announce the expansion of its growth and income fund lineup with the launch of a new fund family: the YieldMax® Performance & Distribution Target 25™ ETFs. The Fundsseek to generate consistent weekly income, based on a 25% target annual distribution level, while providing participation in the performance of individual underlying reference stocks.
YieldMax® MSTR Performance and Distribution Target 25™ ETF (CBOE: MSST)
YieldMax® NVDA Performance and Distribution Target 25™ ETF (CBOE: NVIT)
YieldMax® TSLA Performance and Distribution Target 25™ ETF (CBOE: TEST)
Overview
MSST, NVIT, and TEST (each, a “Fund”) are actively managed ETFs that seek to generate cash distributions targeting a 25% annual distribution level while providing investors with indirect exposure to the share price of the underlying reference stock.
The Annual 25% Target
The Fund seeks to generate a 25% target annual distribution level by selling (writing) options contracts on its synthetic long position in shares of the underlying stock. Depending on the Advisor’s outlook, the Advisor will employ one or more options strategies that it believes will allow the Fund to best achieve its 25% target annual distribution level, while seeking to capture a portion of underlying’s stock’s potential price appreciation. By strategically entering and exiting options positions, the Advisor seeks to enhance the Fund’s income potential.
Distribution Schedule
MSST, NVIT, and TEST are the newest members of the Target Option Income ETF family and like all YieldMax® ETFs, the Fund seeks to pay weekly income to investors every Monday, and the Fund’s first distribution is expected to be announced on December 1, 2025.
Important Information
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which can be obtained by clicking here. Please read the prospectuses carefully before you invest.
Contact Vince DiLullo at [email protected]for more information.
Tidal Investments, LLC is the adviser for all YieldMax® ETFs.
THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.
Risk Disclosures
Investing involves risk. Principal loss is possible.
There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment. The Annual 25% Target is not a guarantee, nor does it represent a 25% yield or a 25% total return.
Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the call options sold and over longer periods.
Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.
Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.
High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.
Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.
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 (MSTR, NVDA, 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.
Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.
Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.
YieldMax® ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Investments, LLC, or YieldMax® ETFs.
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