SNOY Fees and Costs — YieldMax SNOW Option Income Strategy ETF
Data updated: 2026-09-28
The net expense ratio is 1.00%: a 0.99% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $231K in broker commissions, 0.3736% of average net assets, and portfolio turnover was 33%.
SNOY Fees and Expenses
Annual operating expenses and sales charges of SNOY. Prospectus, as of February 24, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| 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 |
SNOY Costs Over Time
On $10,000 invested in SNOY, assuming 5% a year before costs, total costs come to $853 over 5 years, cutting the return by 1.44% 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 1.00%) | $105 | $326 | $564 |
| Trading costs (broker commissions) | $39 | $122 | $211 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $471 | $853 |
| Value after costs | $10,356 | $11,106 | $11,910 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
SNOY 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): 0.3736%
- Total broker commissions: $231K
- Bought from dealers (principal trades, not a cost): $241.1M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
SNOY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $223K | 96.39% |
| SUSQUEHANNA FINANCIAL GROUP LLLP | $3K | 1.38% |
| CITADEL SECURITIES LLC | $2K | 1.08% |
| JANE STREET EXECUTION SERVICES LLC | $2K | 0.79% |
| WALLACHBETH CAPITAL LLC | $850 | 0.37% |
SNOY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS INC. | $179.2M | 74.34% |
| MORGAN STANLEY & CO. LLC | $18.5M | 7.65% |
| PERSHING LLC | $11.5M | 4.77% |
| STONEX FINANCIAL INC. | $9.8M | 4.05% |
| BMO CAPITAL MARKETS CORP. | $8.4M | 3.50% |
| RBC CAPITAL MARKETS LLC | $7.1M | 2.94% |
| JEFFERIES LLC | $5.0M | 2.07% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 0.67% |
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.