AIYY Fees and Costs — YieldMax AI Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.4M in broker commissions, 2.7488% of average net assets, and portfolio turnover was 53%.
AIYY Fees and Expenses
Annual operating expenses and sales charges of AIYY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
AIYY Costs Over Time
On $10,000 invested in AIYY, assuming 5% a year before costs, total costs come to $2,214 over 5 years, cutting the return by 3.93% 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 0.99%) | $104 | $315 | $531 |
| Trading costs (broker commissions) | $289 | $875 | $1,474 |
| Lost growth on money paid in costs | $0 | $60 | $209 |
| Total costs | $393 | $1,250 | $2,214 |
| Value after costs | $10,107 | $10,326 | $10,549 |
| Impact on return, per year | 3.93% | 3.93% | 3.93% |
AIYY 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): 2.7488%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $398.8M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
AIYY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $2.4M | 98.72% |
| JANE STREET EXECUTION SERVICES LLC | $29K | 1.21% |
| CITADEL SECURITIES LLC | $2K | 0.06% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $150 | 0.01% |
AIYY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $266.9M | 66.98% |
| MORGAN STANLEY & CO. LLC | $41.7M | 10.47% |
| BMO CAPITAL MARKETS CORP. | $25.2M | 6.32% |
| BOFA SECURITIES INC. | $21.0M | 5.26% |
| RBC CAPITAL MARKETS LLC | $17.2M | 4.33% |
| JEFFERIES LLC | $6.5M | 1.64% |
| PERSHING LLC | $6.4M | 1.61% |
| CITADEL SECURITIES LLC | $5.1M | 1.29% |
| J.P. MORGAN SECURITIES LLC | $4.2M | 1.05% |
| BARCLAYS CAPITAL INC. | $4.2M | 1.05% |
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.