SLTY Fees and Costs — YieldMax Ultra Short Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.25%: a 1.24% management fee plus 0.11% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $40K in broker commissions, 0.3086% of average net assets, and portfolio turnover was 0%.
SLTY Fees and Expenses
Annual operating expenses and sales charges of SLTY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SLTY Costs Over Time
On $10,000 invested in SLTY, assuming 5% a year before costs, total costs come to $964 over 5 years, cutting the return by 1.64% 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 1.25%) | $131 | $407 | $702 |
| Trading costs (broker commissions) | $32 | $101 | $173 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $533 | $964 |
| Value after costs | $10,336 | $11,043 | $11,799 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
SLTY 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): 0.3086%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $13.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SLTY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $20K | 51.55% |
| JANE STREET EXECUTION SERVICES LLC | $10K | 25.25% |
| SIGMA FINANCIAL CORPORATION | $7K | 17.31% |
| IMC-CHICAGO LLC | $2K | 4.41% |
| PERSHING LLC | $411 | 1.04% |
| OLD MISSION MARKETS LLC | $154 | 0.39% |
| CITADEL SECURITIES LLC | $22 | 0.06% |
SLTY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $8.1M | 62.14% |
| STONEX FINANCIAL INC. | $2.7M | 20.31% |
| OPPENHEIMER & CO. INC. | $1.3M | 10.15% |
| CANTOR FITZGERALD & CO. | $484K | 3.70% |
| BARCLAYS CAPITAL INC. | $482K | 3.69% |
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.