Filed
pursuant to Rule
Registration Nos. 333-264478; 811-23793
YieldMax® Ultra Short Option Income Strategy ETF (SLTY)
listed on NYSE Arca, Inc.
Supplement to the Prospectus and
Statement of Additional Information (“SAI”),
each dated February 13, 2025,
and
the Summary Prospectus dated
Effective immediately, all references in the Fund’s summary prospectus, prospectus and SAI to the frequency of the Fund’s payment of income distributions are hereby changed to reflect that the Fund will seek to make such distributions on a weekly basis.
Please retain this Supplement for future reference.