GPTY Fees and Costs — YieldMax AI and Tech Portfolio Option Income ETF
Data updated: 2026-10-09
The net expense ratio is 1.06%: a 0.99% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $294K in broker commissions, 0.3625% of average net assets, and portfolio turnover was 67%.
GPTY Fees and Expenses
Annual operating expenses and sales charges of GPTY. Prospectus, as of November 21, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
GPTY Costs Over Time
On $10,000 invested in GPTY, assuming 5% a year before costs, total costs come to $882 over 5 years, cutting the return by 1.49% 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 1.06%) | $111 | $346 | $597 |
| Trading costs (broker commissions) | $38 | $118 | $204 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $487 | $882 |
| Value after costs | $10,351 | $11,089 | $11,881 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
GPTY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.3625%
- Total broker commissions: $294K
- Bought from dealers (principal trades, not a cost): $41.0M
- Portfolio turnover (prospectus): 67%
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.