ABNY Fees and Costs — YieldMax ABNB Option Income Strategy ETF
Data updated: 2026-06-25
The net expense ratio is 1.02%: a 0.99% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $174K in broker commissions, 0.5395% of average net assets, and portfolio turnover was 43%.
ABNY Fees and Expenses
Annual operating expenses and sales charges of ABNY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ABNY Costs Over Time
On $10,000 invested in ABNY, assuming 5% a year before costs, total costs come to $965 over 5 years, cutting the return by 1.64% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.02%) | $107 | $332 | $573 |
| Trading costs (broker commissions) | $57 | $176 | $303 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $533 | $965 |
| Value after costs | $10,336 | $11,043 | $11,798 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
ABNY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.5395%
- Total broker commissions: $174K
- Bought from dealers (principal trades, not a cost): $87.9M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
ABNY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $114K | 65.52% |
| CITADEL SECURITIES LLC | $26K | 15.15% |
| JANE STREET EXECUTION SERVICES LLC | $17K | 9.62% |
| SIGMA FINANCIAL CORPORATION | $8K | 4.48% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $5K | 2.92% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3K | 1.45% |
| WALLACHBETH CAPITAL LLC | $780 | 0.45% |
| IMC-CHICAGO LLC | $700 | 0.40% |
ABNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $60.8M | 69.12% |
| MORGAN STANLEY & CO. LLC | $10.6M | 12.09% |
| RBC CAPITAL MARKETS LLC | $5.4M | 6.14% |
| GOLDMAN SACHS & CO. LLC | $4.2M | 4.80% |
| JEFFERIES LLC | $3.5M | 3.96% |
| BMO CAPITAL MARKETS CORP. | $2.2M | 2.54% |
| PERSHING LLC | $1.2M | 1.35% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.