YMAXYieldMax Universe Fund of Option Income ETFs

YieldMax Universe Fund of Option Income ETFs is an actively managed exchange-traded fund designed to seek current income through a fund-of-funds structure. Rather than holding individual stocks directly, it primarily invests in shares of other YieldMax ETFs, giving investors diversified exposure to YieldMax’s options-based income lineup in a single vehicle. The underlying ETFs generally use synthetic covered call strategies to generate option premium income while maintaining indirect exposure to selected equities or other reference assets, with capped participation in upside moves. The fund is built for income-focused market participation and is used as a wrapper around a broader set of YieldMax strategies, making it a central product within the YieldMax ETF family. Its role in the market is to simplify access to multiple options-income approaches under one actively managed fund.