RBLY Fees and Costs — YieldMax RBLX Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.2542% of average net assets, and portfolio turnover was 0%.
RBLY Fees and Expenses
Annual operating expenses and sales charges of RBLY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
RBLY Costs Over Time
On $10,000 invested in RBLY, assuming 5% a year before costs, total costs come to $774 over 5 years, cutting the return by 1.31% 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 0.99%) | $104 | $324 | $560 |
| Trading costs (broker commissions) | $27 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $427 | $774 |
| Value after costs | $10,369 | $11,150 | $11,988 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
RBLY 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): 0.2542%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $36.2M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RBLY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $36K | 98.72% |
| CITADEL SECURITIES LLC | $468 | 1.28% |
RBLY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $19.1M | 52.69% |
| BMO CAPITAL MARKETS CORP. | $12.8M | 35.40% |
| J.P. MORGAN SECURITIES LLC | $2.3M | 6.29% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1.8M | 4.99% |
| PERSHING LLC | $226K | 0.63% |
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.