PYPY – YieldMax PYPL Option Income Strategy ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income; exposure to the share price of the Class A common stock of PayPal Holdings, Inc., subject to a limit on potential investment gains is the secondary consideration. The fund advisor will employ the fund's investment strategy as the fund relates to PYPL regardless of whether there are periods of adverse market, economic, or other conditions and will not take temporary defensive positions during such periods. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PYPY	Yieldmax PYPL Option Income Strategy ETF	ETF	Open			Sep 25, 2023	$12.93M	0.990%	—	—	−$30.89M

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