DISO Fees and Costs — YieldMax DIS Option Income Strategy ETF
Data updated: 2026-06-25
The net expense ratio is 1.21%: a 0.99% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $281K in broker commissions, 0.7673% of average net assets, and portfolio turnover was 62%.
DISO Fees and Expenses
Annual operating expenses and sales charges of DISO. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| 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 |
DISO Costs Over Time
On $10,000 invested in DISO, assuming 5% a year before costs, total costs come to $1,213 over 5 years, cutting the return by 2.08% 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 1.21%) | $127 | $392 | $673 |
| Trading costs (broker commissions) | $81 | $249 | $427 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $208 | $673 | $1,213 |
| Value after costs | $10,292 | $10,903 | $11,550 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
DISO 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): 0.7673%
- Total broker commissions: $281K
- Bought from dealers (principal trades, not a cost): $124.9M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
DISO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $248K | 88.25% |
| WALLACHBETH CAPITAL LLC | $9K | 3.07% |
| CF SECURED LLC | $5K | 1.95% |
| CITADEL SECURITIES LLC | $5K | 1.90% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $4K | 1.55% |
| IMC-CHICAGO LLC | $4K | 1.30% |
| JANE STREET EXECUTION SERVICES LLC | $4K | 1.27% |
| BOFA SECURITIES INC. | $2K | 0.71% |
DISO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $100.1M | 80.15% |
| MORGAN STANLEY & CO. LLC | $8.7M | 6.96% |
| RBC CAPITAL MARKETS LLC | $8.1M | 6.49% |
| BMO CAPITAL MARKETS CORP. | $3.0M | 2.41% |
| GOLDMAN SACHS & CO. LLC | $2.1M | 1.68% |
| JEFFERIES LLC | $1.6M | 1.27% |
| STONEX FINANCIAL INC. | $1.3M | 1.04% |
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.