CONY Fees and Costs — YieldMax COIN Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.04%: a 0.99% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.2M in broker commissions, 0.3634% of average net assets, and portfolio turnover was 31%.
CONY Fees and Expenses
Annual operating expenses and sales charges of CONY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.04% |
| Fee waiver | — |
| Net expense ratio | 1.04% |
| 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 |
CONY Costs Over Time
On $10,000 invested in CONY, assuming 5% a year before costs, total costs come to $871 over 5 years, cutting the return by 1.47% 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 1.04%) | $109 | $339 | $586 |
| Trading costs (broker commissions) | $38 | $119 | $205 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $481 | $871 |
| Value after costs | $10,353 | $11,096 | $11,892 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
CONY 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): 0.3634%
- Total broker commissions: $4.2M
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
CONY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $1.8M | 41.57% |
| CANTOR FITZGERALD & CO. | $1.2M | 29.06% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $416K | 9.80% |
| JANE STREET EXECUTION SERVICES LLC | $412K | 9.71% |
| CITADEL SECURITIES LLC | $370K | 8.73% |
| CF SECURED LLC | $31K | 0.72% |
| IMPERIAL CAPITAL LLC | $10K | 0.24% |
| SIGMA FINANCIAL CORPORATION | $6K | 0.14% |
| IMC-CHICAGO LLC | $900 | 0.02% |
| OLD MISSION MARKETS LLC | $700 | 0.02% |
CONY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $3.3B | 62.44% |
| MORGAN STANLEY & CO. LLC | $553.9M | 10.61% |
| RBC CAPITAL MARKETS LLC | $316.7M | 6.06% |
| BMO CAPITAL MARKETS CORP. | $308.4M | 5.91% |
| JEFFERIES LLC | $243.9M | 4.67% |
| CITADEL SECURITIES LLC | $186.3M | 3.57% |
| STONEX FINANCIAL INC. | $181.9M | 3.48% |
| CANTOR FITZGERALD & CO. | $83.5M | 1.60% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $43.4M | 0.83% |
| PERSHING LLC | $43.3M | 0.83% |
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.