YMAG Fees and Costs — YieldMax Magnificent 7 Fund of Option Income ETFs
Data updated: 2026-09-28
The net expense ratio is 1.34%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $206K in broker commissions, 0.0613% of average net assets, and portfolio turnover was 32%.
YMAG Fees and Expenses
Annual operating expenses and sales charges of YMAG. Prospectus, as of June 18, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| 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 |
YMAG Costs Over Time
On $10,000 invested in YMAG, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 1.34%) | $141 | $437 | $755 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $147 | $480 | $870 |
| Value after costs | $10,353 | $11,096 | $11,893 |
| Impact on return, per year | 1.47% | 1.47% | 1.47% |
YMAG 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): 0.0613%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
YMAG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $124K | 60.16% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $43K | 20.86% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $14K | 6.68% |
| ROBERT W. BAIRD & CO. INCORPORATED | $11K | 5.43% |
| OLD MISSION MARKETS LLC | $7K | 3.54% |
| JANE STREET EXECUTION SERVICES LLC | $7K | 3.33% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.