{
 "ticker": "DDDD",
 "name": "YieldMax(R) U.S. Stocks Target Double Distribution ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/dddd",
 "html": "https://etfiq.com/funds/dddd",
 "markdown": "https://etfiq.com/funds/dddd.md",
 "as_of": "2026-09-11",
 "verdict": "Since its launch on Mar 12, 2026, DDDD paid 1.6% in cash and still finished 5.2 points behind SPY.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "1.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DDDD, cash paid, since launch, on its starting price: 1.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+10.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DDDD, total return, since launch: +10.2%, as of Sep 11, 2026."
  },
  {
   "key": "against_spy",
   "label": "Against SPY",
   "value": "\u22125.2 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DDDD, against SPY: \u22125.2 pts, as of Sep 11, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "66.7%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-11",
   "sentence": "DDDD, return of capital, latest payout (YieldMax estimate): 66.7%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "DDDD, net assets: $8m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Nov 26, 2025",
   "as_of": "2026-09-11",
   "sentence": "DDDD, expense ratio: 1.01% (485BPOS XBRL, Nov 26, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 (SPY)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "not established",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "18.1%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Nov 26, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "1.5%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 12, 2026",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "66.7%",
   "source": "YieldMax 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "on no established schedule",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.505 ex Jul 2, 2026",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "1.5%",
   "Price": "+2.0%",
   "Total return": "+3.6%",
   "SPY": "+3.3%",
   "Ahead or behind": "+0.3 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "1.6%",
   "Price": "+8.6%",
   "Total return": "+10.3%",
   "SPY": "+16.0%",
   "Ahead or behind": "\u22125.7 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "1.6%",
   "Price": "+8.5%",
   "Total return": "+10.2%",
   "SPY": "+15.4%",
   "Ahead or behind": "\u22125.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has DDDD paid over the last year?",
   "a": "Over the period from its launch on Mar 12, 2026 to Sep 11, 2026, DDDD paid 1.6% of its starting price in cash distributions, while the price rose 8.5%."
  },
  {
   "q": "Is DDDD ahead of SPY?",
   "a": "Over the period from its launch on Mar 12, 2026 to Sep 11, 2026, with every distribution reinvested, DDDD returned +10.2% against +15.4% for S&P 500 (SPY), so a holder was behind it by 5.2 points."
  },
  {
   "q": "How often does DDDD pay, and how much?",
   "a": "DDDD pays on no established schedule. The latest distribution annualizes to 18.1% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the DDDD distribution return of capital?",
   "a": "YieldMax estimates 67% of the distribution paid Jul 6, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "When does DDDD next pay a distribution?",
   "a": "DDDD pays on no established schedule. The last distribution went ex on Jul 2, 2026 at $0.505 a share."
  },
  {
   "q": "What does DDDD cost?",
   "a": "The prospectus expense ratio is 1.01% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}