How much has ULTY paid over the last year?

Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting price in cash distributions, while the price fell 55.2%.

How often does ULTY pay, and how much?

ULTY pays weekly. The latest distribution annualizes to 60.7% at its price on Oct 28, 2026, which is not a promise; the next one can differ.

Is the ULTY distribution return of capital?

YieldMax estimates 100% of the distribution paid Oct 29, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

When does ULTY next pay a distribution?

ULTY pays weekly. The last distribution went ex on Oct 28, 2026 at $0.2647 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.

The prospectus expense ratio is 1.30% a year.

How much of ULTY’s distribution is return of capital?

YieldMax’s Rule 19a-1 notice estimates 100.0% of the distribution paid Oct 29, 2026 was return of capital. Across its notices for distributions paid Oct 30, 2025 to Oct 22, 2026, the estimate is 95.4%. The annual report for the fiscal year to Oct 31, 2025 puts it at 64.9% of distributions. Estimates come before the fund year closes and often change.

ULTY YieldMax Ultra Option Income Strategy ETF

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$22.69

−1.2% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, ULTY paid 44.3% in cash and lost 11.2% in total, against −15.3% for its holdings.

Why did ULTY return −11.2% against its own holdings’s −15.3%?Is ULTY’s payout of 60.7% a year sustainable?What do ULTY’s net flows of −$2.8m over the last 5 trading days mean?

Synthetic covered call on its own holdings, paying weeklyYieldMax ↗Expense ratio 1.30%Fund assets $627m on Oct 27, 2026First traded Feb 29, 2024Benchmark ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026)Fund page at the issuer ↗SEC filings ↗Every YieldMax fund ETFIQ covers Dividend history

Promise check: MissedOver the year to Oct 28, 2026, ULTY paid 44.3% in cash and returned −11.2% in total, covering −25.3% of its payout.

Compare with…Trading costs Put to the committee askIQ about ULTY Add to portfolio Flows Alerts

ULTY risk and return scorecard

vs ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 23, 2026)

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 27, 2026

Latest day

Last 5 trading days

−$2.8m

12 months to Jul 31, 2026

−$322m

In on 7 days, out on 4. 48 days missing.

askIQ: what do these flows mean? ↗

What you earned

ULTY −5.3%, its own holdings −6.8%: total return over one month to Oct 28, 2026.

ULTY

−5.3%

its own holdings

−6.8%

Paid 5.6% in cash. Price −10.7%.

ULTY +4.2%, its own holdings +13.9%: total return over three months to Oct 28, 2026.

ULTY

+4.2%

its own holdings

+13.9%

Paid 15.4% in cash. Price −10.6%.

ULTY +1.0%, its own holdings +7.6%: total return over six months to Oct 28, 2026.

ULTY

+1.0%

its own holdings

+7.6%

Paid 28.1% in cash. Price −26.1%.

ULTY +3.8%, its own holdings +17.9%: total return over the year to Oct 28, 2026.

ULTY

+3.8%

its own holdings

+17.9%

Paid 43.5% in cash. Price −39.2%.

ULTY −11.2%, its own holdings −15.3%: total return over one year to Oct 28, 2026.

ULTY

−11.2%

its own holdings

−15.3%

Paid 44.3% in cash. Price −55.2%.

ULTY +4.4%: total return since launch to Oct 28, 2026.

ULTY

+4.4%

Paid 87.8% in cash. Price −88.3%.

askIQ: why did ULTY return −11.2% against its own holdings’s −15.3%? ↗

What it paid

13 distributions · latest Oct 28, 2026

44.3%

Cash paid, 1 year, on its starting price

to Oct 28, 2026

Report

−11.2%

Total return, 1 year

to Oct 28, 2026

Report

+4.1 pts

Against its own holdings

to Oct 28, 2026

Report

100.0%

Return of capital, latest payout (YieldMax estimate)

Report

$0.2647

Last payment (paid weekly), ex-date Oct 28, 2026

Report

Pays weekly.

askIQ: is ULTY’s payout of 60.7% a year sustainable? ↗

More on ULTY

Every number below is on this page. Open what you need.

Price and total return, 1 year

$22.69−1.2%1 day, priceClose, Oct 28, 2026

−40%−20%0%Total return −11.2%Price −55.2%

Oct 28, 2025Oct 28, 2026

Price −55.2%Total return −11.2%

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

ULTY returns by window: total return, cash paid and price change
Window	Total return	Cash paid	Price	its own holdings	Ahead or behind
1M Sep 28 – Oct 28, 2026	−5.3%	5.6%	−10.7%	−6.8%	+1.5 pts
3M Jul 29 – Oct 28, 2026	+4.2%	15.4%	−10.6%	+13.9%	−9.7 pts
6M Apr 29 – Oct 28, 2026	+1.0%	28.1%	−26.1%	+7.6%	−6.6 pts
YTD Dec 31, 2025 – Oct 28, 2026	+3.8%	43.5%	−39.2%	+17.9%	−14.1 pts
1Y Oct 28, 2025 – Oct 28, 2026	−11.2%	44.3%	−55.2%	−15.3%	+4.1 pts
Since launch Feb 29, 2024 – Oct 28, 2026	+4.4%	87.8%	−88.3%	not published	not available
Since launch, annualised Feb 29, 2024 – Oct 28, 2026	+1.6%	–	–	–	–

Total returns, distributions reinvested. Listed Feb 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from

ULTY

−5.3%

its own holdings

−6.8%

1.5 pts ahead of its own holdings ULTY over 1 month: paid 5.6%, price −10.7%, total −5.3%, its own holdings −6.8%, +1.5 pts. Data to Oct 28, 2026. its own holdings −6.8% ULTY −5.3% 1.5 pts ahead of its own holdings Total return, distributions reinvested 1.5 pts ahead of its own holdings ULTY over 1 month: paid 5.6%, price −10.7%, total −5.3%, its own holdings −6.8%, +1.5 pts. Data to Oct 28, 2026. its own holdings −6.8% ULTY −5.3% Over the 1 month to Oct 28, 2026, ULTY returned −5.3% with distributions reinvested and ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −6.8%, so a holder came out ahead of it by 1.5 points. The lighter segment is the 5.6% that arrived as cash rather than as price.

Price change −10.7%Cash paid +5.6%, reinvested+1.5 pts vs its own holdings

0.0%

ULTY

+4.2%

its own holdings

+13.9%

9.7 pts behind its own holdings ULTY over 3 months: paid 15.4%, price −10.6%, total +4.2%, its own holdings +13.9%, −9.7 pts. Data to Oct 28, 2026. its own holdings +13.9% ULTY +4.2% 15.4% as cash 9.7 pts behind its own holdings Total return, distributions reinvested 9.7 pts behind its own holdings ULTY over 3 months: paid 15.4%, price −10.6%, total +4.2%, its own holdings +13.9%, −9.7 pts. Data to Oct 28, 2026. its own holdings +13.9% ULTY +4.2% 9.7 pts behind its own holdings Over the 3 months to Oct 28, 2026, ULTY returned +4.2% with distributions reinvested and ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned +13.9%, so a holder came out behind it by 9.7 points. The lighter segment is the 15.4% that arrived as cash rather than as price.

Price change −10.6%Cash paid +15.4%, reinvested−9.7 pts vs its own holdings

0.0%

ULTY

+1.0%

its own holdings

+7.6%

6.6 pts behind its own holdings ULTY over 6 months: paid 28.1%, price −26.1%, total +1.0%, its own holdings +7.6%, −6.6 pts. Data to Oct 28, 2026. its own holdings +7.6% ULTY +1.0% 6.6 pts behind its own holdings Total return, distributions reinvested 6.6 pts behind its own holdings ULTY over 6 months: paid 28.1%, price −26.1%, total +1.0%, its own holdings +7.6%, −6.6 pts. Data to Oct 28, 2026. its own holdings +7.6% ULTY +1.0% 6.6 pts behind its own holdings Over the 6 months to Oct 28, 2026, ULTY returned +1.0% with distributions reinvested and ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned +7.6%, so a holder came out behind it by 6.6 points. The lighter segment is the 28.1% that arrived as cash rather than as price.

Price change −26.1%Cash paid +28.1%, reinvested−6.6 pts vs its own holdings

0.0%

ULTY

−11.2%

its own holdings

−15.3%

4.1 pts ahead of its own holdings ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026. its own holdings −15.3% ULTY −11.2% 4.1 pts ahead of its own holdings Total return, distributions reinvested 4.1 pts ahead of its own holdings ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026. its own holdings −15.3% ULTY −11.2% Over the 1 year to Oct 28, 2026, ULTY returned −11.2% with distributions reinvested and ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −15.3%, so a holder came out ahead of it by 4.1 points. The lighter segment is the 44.3% that arrived as cash rather than as price.

Price change −55.2%Cash paid +44.3%, reinvested+4.1 pts vs its own holdings

0.0%

14.3

IQ Income ScoreETFIQ Distribution Coverage Score141st of 164 · Oct 28, 2026

0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

ULTY paid 44.3% in cash over the year while its total return was −11.2%, so it paid out more than it returned.

total return as a share of the cash paid−25.3% · 14th pct

All 164 ranked by this score →

Money in and out

Daily data · as of Oct 27, 2026

ULTY: in the 18 trading days to Oct 27, 2026, net $10.3m went out, over 17 of 18 trading days.

0.0% of $622m on Oct 26, 2026
Oct 27, 2026

−$2.8m

−0.4% of $651m on Oct 20, 2026
Oct 21, 2026 to Oct 27, 2026

12 months

−$322m

−12.4% of $2.6bn on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings

Feb 2024 to Jul 2026

+$2.5bn

Feb 1, 2024 to Jul 31, 2026
monthly, from SEC filings

Net flow each trading day

3M1Y400 days

ULTY, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 7 days and went out on 4 days, of the 17 days with daily data; the other 48 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 4. 48 days missing.

ULTY, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 7 days and went out on 4 days, of the 17 days with daily data; the other 234 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 4. 234 days missing.

ULTY, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 7 days and went out on 4 days, of the 17 days with daily data; the other 383 have none. Before Oct 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 7 days, out on 4. 383 days missing.

Money in, netMoney out, netMonthly basis

Daily data starts Oct 2, 2026.

How this is computed

Computed by ETFIQ from YieldMax’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for ULTY, back to Feb 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare ULTY with other funds in the flows tool

Every trading day, last 3 months17 days

Oct 27, 2026 $0

Oct 26, 2026 −$4.5m

Oct 23, 2026 +$568k

Oct 22, 2026 $0

Oct 21, 2026 +$1.2m

Oct 20, 2026 $0

Oct 19, 2026 −$4.7m

Oct 16, 2026 +$2.4m

Oct 15, 2026 +$1.2m

Oct 14, 2026 +$3.2m

Oct 13, 2026 $0

Oct 12, 2026 $0

Oct 9, 2026 −$2.5m

Oct 8, 2026 $0

Oct 7, 2026 +$1.3m

Oct 6, 2026 −$9.0m covers 2 trading days

Oct 2, 2026 +$635k

Most recent first.

Week by week, last year5 weeks

Oct 27, 2026 −$4.5m 2 days

Oct 23, 2026 −$3.0m

Oct 16, 2026 +$6.8m

Oct 9, 2026 −$10.2m 4 days

Oct 2, 2026 +$635k 1 day

Net flow into ULTY each week, Oct 2, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outFeb 2024 to Oct 2026

in, up to +$2.0bn

out, down to −$880mFeb 2024Jul 2026

ULTY, money in and money out each month from Feb 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from ULTY’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 31 months listed, money came in on net in 23 and went out in 8.

Every bar is from ULTY’s SEC filings (N-PORT item B.6). Of the 31 months listed, money came in on net in 23 and went out in 8.

MonthInOutNet

Oct 2026 ETFIQ, the sum of its days, Oct 2 to Oct 27, 17 of 18 trading days+$10.5m−$20.8m−$10.3m

Jul 2026 SEC Form N-PORT+$712k−$53.6m−$52.8m

Jun 2026 SEC Form N-PORT+$95.1m−$9.0m+$86.1m

May 2026 SEC Form N-PORT+$24.9m−$15.0m+$9.9m

Apr 2026 SEC Form N-PORT+$74.7m−$111m−$36.3m

Mar 2026 SEC Form N-PORT+$40.0m−$20.6m+$19.4m

Feb 2026 SEC Form N-PORT+$11.5m−$206m−$194m

Jan 2026 SEC Form N-PORT+$166m−$72.0m+$94.1m

Dec 2025 SEC Form N-PORT+$9.1m−$148m−$139m

Nov 2025 SEC Form N-PORT+$101m−$870m−$769m

Oct 2025 SEC Form N-PORT+$131m−$627m−$496m

Sep 2025 SEC Form N-PORT+$512m−$166m+$346m

Aug 2025 SEC Form N-PORT+$945m−$134m+$811m

Jul 2025 SEC Form N-PORT+$2.0bn$0+$2.0bn

Jun 2025 SEC Form N-PORT+$312m−$1.8m+$310m

May 2025 SEC Form N-PORT+$113m$0+$113m

Apr 2025 SEC Form N-PORT+$17.6m−$1.6m+$16.0m

Mar 2025 SEC Form N-PORT+$14.0m−$852k+$13.1m

Feb 2025 SEC Form N-PORT+$17.1m−$2.7m+$14.4m

Jan 2025 SEC Form N-PORT+$7.4m−$7.6m−$230k

Dec 2024 SEC Form N-PORT+$55.7m$0+$55.7m

Nov 2024 SEC Form N-PORT+$55.9m−$481k+$55.5m

Oct 2024 SEC Form N-PORT+$31.1m−$4.2m+$26.9m

Sep 2024 SEC Form N-PORT+$14.8m−$3.9m+$10.9m

Aug 2024 SEC Form N-PORT+$19.8m−$16.7m+$3.1m

Jul 2024 SEC Form N-PORT+$75.6m−$7.2m+$68.4m

Jun 2024 SEC Form N-PORT+$66.5m−$8.2m+$58.3m

May 2024 SEC Form N-PORT+$59.3m−$3.6m+$55.7m

Apr 2024 SEC Form N-PORT+$41.7m$0+$41.7m

Mar 2024 SEC Form N-PORT+$33.6m$0+$33.6m

Feb 2024 SEC Form N-PORT+$2.5m$0+$2.5m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.

ULTY key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$49.60 on Oct 31, 2025

52-week low, daily closes to Oct 28, 2026 (ETFIQ)$22.60 on Oct 23, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$22.69, 0% of the way from the low to the high

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

ULTY return of capital and tax

Return of capital, latest notice (YieldMax estimate, Oct 29, 2026)100.0%

Return of capital, distributions paid Oct 30, 2025 to Oct 22, 2026 (YieldMax estimates)95.4%

Notices behind that number41 of 54 distributions

Return of capital, fiscal year to Oct 31, 2025 (annual report, filed Mar 6, 2026)64.9%

Options it writes (holdings as of Jul 31, 2026)Options on one company’s shares, which are not Section 1256 contracts

Estimates are YieldMax’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 27, 2026

Trading · ULTYas of Oct 27, 2026

Not scored2 of 6 measured · Oct 27, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, at least half a one-cent tick

$1,000$0.220.022%

$10,000$2.180.022%

Premium or discount to NAV, Oct 27 close+0.22%

−0.6%95% of days within ±0.42% · the 1% band is off this scale+0.6%

How to tradeLimit: midpoint + 1¢ to buy, midpoint − 1¢ to sell.At the Oct 27 close of $22.97, that’s $22.98 to buy and $22.96 to sell.

Full trading page: components, premium history, dealers →

$0.31

$0.32

$0.26

Distributions per share for ULTY 13 distributions for ULTY, $0.2647 to $0.3197 a share and $0.3044 in the middle, Aug 5, 2026 to Oct 28, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn. $0.3044 the middle one Aug 5, 2026 Oct 28, 2026 $0.3197 a share at the highest

Aug 2026Weekly, per shareOct 2026

13 distributions for ULTY, $0.2647 to $0.3197 a share and $0.3044 in the middle, Aug 5, 2026 to Oct 28, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.

Latest

$0.2647

Ex Oct 28, 2026 · paid about 1 day later

Annualized

60.7%

At its price on Oct 28, 2026

Trailing 12 months

98.8%

54 payments, ex Oct 29, 2025 to Oct 28, 2026: $22.426

Return of capital

100.0%

Latest payout (YieldMax estimate)

Next, projected

ULTY pays weekly. The last distribution was $0.2647 a share, which went ex on Oct 28, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Nov 4, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 4, 2026 · pay Nov 5, 2026$0.2647 ETFIQ projection

Nov 11, 2026 · pay Nov 12, 2026$0.2647 ETFIQ projection

Nov 18, 2026 · pay Nov 19, 2026$0.2647 ETFIQ projection

Nov 25, 2026 · pay Nov 26, 2026$0.2647 ETFIQ projection

Dec 2, 2026 · pay Dec 3, 2026$0.2647 ETFIQ projection

Dec 9, 2026 · pay Dec 10, 2026$0.2647 ETFIQ projection

Expected distributions for ULTY. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →

Every distribution ETFIQ holds for ULTY (13, most recent first)

Oct 28, 2026$0.2647

Oct 21, 2026$0.2772

Oct 14, 2026$0.2955

Oct 7, 2026$0.3016

Sep 30, 2026$0.2943

Sep 23, 2026$0.3058

Sep 16, 2026$0.2967

Sep 9, 2026$0.3044

Sep 2, 2026$0.3048

Aug 26, 2026$0.3076

Aug 19, 2026$0.3197

Aug 12, 2026$0.3179

Aug 5, 2026$0.3082

Cash distributions per share for ULTY. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid

−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below ULTY.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: −25.3% · 14th pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · ULTY in whiteCovered the least

All income ETFs ranked by this score →

Head to head

ULTY vs JEPI ULTY vs QQQI ULTY vs SPYI ULTY vs QYLD ULTY vs QQQ ULTY vs SCHD

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About ULTY

Strategysynthetic covered call

BenchmarkULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026)

How the benchmark is set (ETFIQ)Its long holdings without the options, priced from daily closes (Tiingo). Each stretch of a window uses the holdings the fund had filed by its first day, at the filed weights, rebalanced at each filing: 5 filings, Jul 31, 2025 to Jul 31, 2026. A window its filings do not cover has no data.

Paysweekly

Net assets (issuer page, as of Oct 27, 2026)$627mReport

Latest payout, annualized (ETFIQ)60.7%

Expense ratio (485BPOS XBRL, Feb 24, 2026)1.30%Report

Cash paid, last 12 months, over today’s price (ETFIQ)98.8%

First tradedFeb 29, 2024

Return of capital, latest distribution (YieldMax 19a-1 estimate)100.0%

Paysweekly

Typical gap between ex-dates7 days

Typical wait from ex-date to payment1 day

Last paid, per share$0.2647 ex Oct 28, 2026

Cash paid in the 12 months to Oct 28, 2026, 54 distributions, ex Oct 29, 2025 to Oct 28, 2026$22.426

How we measure

Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method

IQ Investment Committee on ULTY

12 seats on ULTY, as of Oct 28, 2026: 1 Mixed, 5 Challenges, 6 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges

In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put ULTY to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ULTY

How much has ULTY paid over the last year?: Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting price in cash distributions, while the price fell 55.2%.
Is ULTY ahead of its own holdings?: Over the year to Oct 28, 2026, with every distribution reinvested, ULTY returned −11.2% against −15.3% for ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026), so a holder was ahead of it by 4.1 points.
How often does ULTY pay, and how much?: ULTY pays weekly. The latest distribution annualizes to 60.7% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
Is the ULTY distribution return of capital?: YieldMax estimates 100% of the distribution paid Oct 29, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does ULTY next pay a distribution?: ULTY pays weekly. The last distribution went ex on Oct 28, 2026 at $0.2647 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
What does ULTY cost?: The prospectus expense ratio is 1.30% a year.
How much of ULTY’s distribution is return of capital?: YieldMax’s Rule 19a-1 notice estimates 100.0% of the distribution paid Oct 29, 2026 was return of capital. Across its notices for distributions paid Oct 30, 2025 to Oct 22, 2026, the estimate is 95.4%. The annual report for the fiscal year to Oct 31, 2025 puts it at 64.9% of distributions. Estimates come before the fund year closes and often change.

Sources and dates

Prices, ULTY and its own holdingsTiingo end-of-day · Oct 28, 2026

Fee, 1.30%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $627mIssuer page · Oct 27, 2026

Return of capitalYieldMax 19a-1 distribution notice ↗

DistributionsTiingo end-of-day · 13 payments

All fund filingsFund filings on SEC EDGAR ↗

IssuerYieldMax page for ULTY ↗

IssuerHoldings, the issuer’s own daily file ↗

YieldMax 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, ULTY, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/ulty

The payout bar for ULTY, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.

Cash paid

Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.

Ahead or behind

Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.

Return of capital

The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.

Covered call

The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.

Autocallable

A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.

Barrier

The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.

Full definitions: income ETFs vocabulary page. →

39th of 372 income ETFs by net assets→Do covered call ETFs lose value?→Does a higher yield mean more money?→What is an option income ETF?→What option-income ETFs paid and made, August 2026→YieldMax ETFs: Every Fund and Its Fee→The highest yielding covered call ETFs→Income ETFs by return of capital→Income ETFs by return of capital, fiscal year→ULTY in Korean (한국어)→

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ULTY: ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/ulty"><img src="https://etfiq.com/assistant/api/embed/income/ulty.svg" alt="ULTY: ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">ULTY: ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/ulty">ETFIQ</a></figcaption>
</figure>

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