YieldMax Innovation Option Income Strategy ETF (NYSE : OARK) Stock

The Funds primary investment objective is to seek current income. The Funds secondary investment objective is to seek exposure to the share price of the ARK Innovation ETF, subject to a limit on potential investment gains. The Fund is an actively managed exchange-traded fund that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of ARKK (NYSE Arca: ARKK), subject to a limit on potential investment gains. The Fund will seek to employ its investment strategy as it relates to ARKK regardless of whether there are periods adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. As further described below, the Fund uses a synthetic covered call strategy to provide income and exposure to the share price returns of ARKK, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs.