# ULTY (YieldMax(R) Ultra Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 11, 2026

Over the year to Sep 11, 2026, ULTY paid 46.9% in cash and still finished 23.3 points behind SPY.

## Key facts

- ULTY, cash paid, 1 year, on its starting price: 46.9%, as of Sep 11, 2026.
- ULTY, total return, 1 year: −5.8%, as of Sep 11, 2026.
- ULTY, against SPY: −23.3 pts, as of Sep 11, 2026.
- ULTY, return of capital, latest payout (YieldMax estimate): 100.0%, as of Sep 11, 2026.
- ULTY, net assets: $735m (issuer page, as of Sep 11, 2026).
- ULTY, expense ratio: 1.30% (485BPOS XBRL, Feb 24, 2026).

## ULTY over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 14.2% | −14.6% | −0.3% | +3.3% | −3.6 pts |
| 6 months | 29.8% | −19.4% | +11.2% | +16.0% | −4.8 pts |
| 1 year | 46.9% | −53.3% | −5.8% | +17.5% | −23.3 pts |
| Since launch | 86.7% | −86.7% | +9.0% | +55.0% | −45.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $735m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 61.5% | ETFIQ |
| Expense ratio | 1.30% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 100.5% | ETFIQ |
| Launched | Feb 29, 2024 | ETFIQ |
| Return of capital, latest distribution | 100.0% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.3044 ex Sep 9, 2026 | ETFIQ |
| Sum of the last 12 distributions | $3.8812 | ETFIQ |

## Questions

### How much has ULTY paid over the last year?

Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting price in cash distributions, while the price fell 53.3%.

### Is ULTY ahead of SPY?

Over the year to Sep 11, 2026, with every distribution reinvested, ULTY returned −5.8% against +17.5% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 23.3 points.

### How often does ULTY pay, and how much?

ULTY pays weekly. The latest distribution annualizes to 61.5% at its price on Sep 11, 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 Sep 10, 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 Sep 9, 2026 at $0.3044 a share. The issuer has set the next ex-date at Sep 16, 2026 but not the amount.

### What does ULTY cost?

The prospectus expense ratio is 1.30% a year.


## Cite this page

ETFIQ, ULTY, data as of Sep 11, 2026. https://etfiq.com/funds/ulty
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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