AMZY Fees and Costs — YieldMax AMZN Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.09%: a 0.99% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.3763% of average net assets, and portfolio turnover was 24%.
AMZY Fees and Expenses
Annual operating expenses and sales charges of AMZY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 |
AMZY Costs Over Time
On $10,000 invested in AMZY, assuming 5% a year before costs, total costs come to $909 over 5 years, cutting the return by 1.54% 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 1.09%) | $114 | $355 | $613 |
| Trading costs (broker commissions) | $40 | $123 | $212 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $502 | $909 |
| Value after costs | $10,346 | $11,074 | $11,854 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
AMZY 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): 0.3763%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $865.0M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
AMZY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $826K | 82.55% |
| JANE STREET EXECUTION SERVICES LLC | $48K | 4.75% |
| CF SECURED LLC | $46K | 4.60% |
| CITADEL SECURITIES LLC | $39K | 3.88% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $36K | 3.61% |
| WALLACHBETH CAPITAL LLC | $3K | 0.33% |
| SIGMA FINANCIAL CORPORATION | $3K | 0.28% |
AMZY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $626.7M | 72.45% |
| MORGAN STANLEY & CO. LLC | $83.8M | 9.69% |
| RBC CAPITAL MARKETS LLC | $69.6M | 8.04% |
| PERSHING LLC | $27.8M | 3.22% |
| BMO CAPITAL MARKETS CORP. | $27.8M | 3.22% |
| CITADEL SECURITIES LLC | $15.3M | 1.76% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $6.2M | 0.72% |
| STONEX FINANCIAL INC. | $6.2M | 0.71% |
| JEFFERIES LLC | $1.6M | 0.18% |
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.