PLTY Fees and Costs — YieldMax PLTR Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.07%: a 0.99% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.3M in broker commissions, 0.6447% of average net assets, and portfolio turnover was 26%.
PLTY Fees and Expenses
Annual operating expenses and sales charges of PLTY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 |
PLTY Costs Over Time
On $10,000 invested in PLTY, assuming 5% a year before costs, total costs come to $1,057 over 5 years, cutting the return by 1.80% 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 1.07%) | $112 | $348 | $599 |
| Trading costs (broker commissions) | $68 | $210 | $361 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $585 | $1,057 |
| Value after costs | $10,320 | $10,991 | $11,705 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
PLTY 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): 0.6447%
- Total broker commissions: $2.3M
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
PLTY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $1.6M | 69.86% |
| GOLDMAN SACHS & CO. LLC | $387K | 17.05% |
| JANE STREET EXECUTION SERVICES LLC | $104K | 4.58% |
| BOFA SECURITIES INC. | $69K | 3.06% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $46K | 2.04% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $38K | 1.67% |
| SIGMA FINANCIAL CORPORATION | $30K | 1.33% |
| WELLS FARGO SECURITIES LLC | $5K | 0.24% |
| IMC-CHICAGO LLC | $3K | 0.15% |
| CITADEL SECURITIES LLC | $600 | 0.03% |
PLTY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $842.3M | 54.02% |
| MORGAN STANLEY & CO. LLC | $238.5M | 15.29% |
| BMO CAPITAL MARKETS CORP. | $138.7M | 8.90% |
| RBC CAPITAL MARKETS LLC | $123.8M | 7.94% |
| GOLDMAN SACHS & CO. LLC | $61.3M | 3.93% |
| STONEX FINANCIAL INC. | $57.2M | 3.67% |
| JEFFERIES LLC | $43.0M | 2.76% |
| PERSHING LLC | $23.1M | 1.48% |
| J.P. MORGAN SECURITIES LLC | $19.1M | 1.23% |
| CITADEL SECURITIES LLC | $12.1M | 0.78% |
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.