Filed pursuant to Rule
Registration Nos. 333-264478; 811-23793
YieldMax® Universe Fund of Option Income ETFs (YMAX)
YieldMax® Magnificent 7 Fund of Option Income ETFs (YMAG)
(the “Funds”)
listed on NYSE Arca, Inc.
Supplement to the Summary Prospectuses, Prospectus,
and
Statement of Additional Information (“SAI”),
each dated
Effective immediately, all references in the Funds’ summary prospectuses, prospectus and SAI to the frequency of the Funds’ payment of income distributions are hereby changed to reflect that the Funds will seek to make such distributions on a monthly or more frequent basis.
Please retain this Supplement for future reference.