{
 "ticker": "TEST",
 "name": "YieldMax(R) TSLA Performance & Distribution Target 25(TM) ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/test",
 "html": "https://etfiq.com/funds/test",
 "markdown": "https://etfiq.com/funds/test.md",
 "as_of": "2026-10-02",
 "verdict": "Since its launch on Nov 18, 2025, TEST paid 19.2% in cash and finished 0.6 points ahead of TM.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "19.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TEST, cash paid, since launch, on its starting price: 19.2%, as of Oct 2, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u22126.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TEST, total return, since launch: \u22126.8%, as of Oct 2, 2026."
  },
  {
   "key": "against_tm",
   "label": "Against TM",
   "value": "+0.6 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "TEST, against TM: +0.6 pts, as of Oct 2, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "88.3%",
   "source": "YieldMax estimate",
   "as_of": "2026-10-02",
   "sentence": "TEST, return of capital, latest payout (YieldMax estimate): 88.3%, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "TEST, net assets: $4m (issuer page, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.04%",
   "source": "485BPOS XBRL, Oct 3, 2025",
   "as_of": "2026-10-02",
   "sentence": "TEST, expense ratio: 1.04% (485BPOS XBRL, Oct 3, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "(TM)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$4m",
   "source": "issuer page, as of Oct 2, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "25.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.04%",
   "source": "485BPOS XBRL, Oct 3, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "25.5%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 18, 2025",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "88.3%",
   "source": "YieldMax 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.1828 ex Sep 29, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$2.1868",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "5.5%",
   "Price": "\u221214.2%",
   "Total return": "\u22128.6%",
   "TM": "+4.0%",
   "Ahead or behind": "\u221212.6 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "12.2%",
   "Price": "\u221212.0%",
   "Total return": "\u22120.3%",
   "TM": "\u221212.3%",
   "Ahead or behind": "+12.1 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "19.2%",
   "Price": "\u221224.6%",
   "Total return": "\u22126.8%",
   "TM": "\u22127.4%",
   "Ahead or behind": "+0.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has TEST paid over the last year?",
   "a": "Over the period from its launch on Nov 18, 2025 to Oct 2, 2026, TEST paid 19.2% of its starting price in cash distributions, while the price fell 24.6%."
  },
  {
   "q": "Is TEST ahead of TM?",
   "a": "Over the period from its launch on Nov 18, 2025 to Oct 2, 2026, with every distribution reinvested, TEST returned \u22126.8% against \u22127.4% for (TM), so a holder was ahead of it by 0.6 points."
  },
  {
   "q": "How often does TEST pay, and how much?",
   "a": "TEST pays weekly. The latest distribution annualizes to 25.4% at its price on Oct 2, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the TEST distribution return of capital?",
   "a": "YieldMax estimates 88% of the distribution paid Sep 30, 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 TEST next pay a distribution?",
   "a": "TEST pays weekly. The last distribution went ex on Sep 29, 2026 at $0.1828 a share. The issuer has set the next ex-date at Oct 6, 2026 but not the amount."
  },
  {
   "q": "What does TEST cost?",
   "a": "The prospectus expense ratio is 1.04% a year."
  }
 ],
 "flows": {
  "as_of": "2026-10-02",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/test.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "1 week",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "1 month",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "3 months",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "Year to date",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   },
   {
    "window": "1 year",
    "from": "2026-10-02",
    "to": "2026-10-02",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ]
 },
 "generated": "2026-10-04",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms."
}