Filed pursuant to Rule
Registration Nos. 333-264478; 811-23793
YieldMax® AI & Tech Portfolio Option Income ETF (GPTY)
YieldMax® Crypto Industry & Tech Portfolio Option Income ETF (LFGY)
YieldMax® China Portfolio Option Income ETF (CHNY)
YieldMax® Semiconductor Portfolio Option Income ETF (CHPY)
YieldMax® Biotech & Pharma Portfolio Option Income ETF (DRGY)
(the “Funds”)
listed on NYSE Arca, Inc.
Supplement to the Prospectus and
Statement of Additional Information (“SAI”),
each dated
and where applicable a Fund’s summary prospectus
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 weekly basis.
Please retain this Supplement for future reference.