{"success":true,"data":{"pressRelease":{"id":"156419","rtpr_id":"nGNX7Kj4pL-20260930","ticker":"DDDD","exchange":"NYSE","all_tickers":["DDDD"],"title":"YieldMax® ETFs Announces Quarterly Distribution for the U.S. Stocks Target Double Distribution ETF (DDDD)","author":"Globe Newswire","published_at":"2026-09-30T10:55:00.207Z","article_body":"CHICAGO, MILWAUKEE and NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) --\nYieldMax(®) today announced its quarterly distribution for the YieldMax\n(https://www.globenewswire.com/Tracker?data=lSeeLsIu63kaKwEmpg1TzgAw60if05AzV4ZK-4jNf1FLFZCibGSmTo9sK5UxuB9cqeCgFl_MKXSmYQ6-dikFovirQwERbghdxo3nYbORog8=)(®)\n(https://www.globenewswire.com/Tracker?data=BGNPduykFbfE-42XXpt9ktuTbv-BKaCxOTYujDGDxx1O0qmByNmJ6IqiTPvVRh7RoVgM32EJKB7oduiUlB-6bxpgZ6JjOQgVmBtFjDZA3fc=)\nU.S. Stocks Target Double Distribution ETF (NYSE: DDDD)\n(https://www.globenewswire.com/Tracker?data=plmbePyAfuOfVxLKzmtrJzGDYCwnYdPBfxPwtDmg7re-acakdrU3R9o09U0TSeZAiFyCKxOG_ohUkp5kj9teVAjmdWXgxaaw5yXY8cM8hqcd_dZGYD1vGJkBAlX5x65hcFsxgfr7V0HTDDQOyyVJK8ml3e_imCR1E7IV4D0kAvI=),\nlisted in the table below. The Fund targets approximately double the\nannualized distribution yield of the Schwab U.S. Dividend Equity ETF (SCHD).\n\nDDDD Distribution Announcement:\n\nEx. & Record Date: October 1, 2026\n\nPayment Date: October 2, 2026\n\n ETF Ticker  ETF Name                                                 Dist. Frequency  Dist. per Share  Dist. Rate*  30-Day SEC Yield**  \n DDDD        YieldMax (®)U.S. Stocks Target Double Distribution ETF   Quarterly        $0.5330          6.58%        2.27%               \n\nThe performance data quoted represents past performance. Past performance does\nnot guarantee future results. The investment return and principal value of an\ninvestment will fluctuate so that an investor’s shares, when sold or\nredeemed, may be worth more or less than their original cost and current\nperformance may be lower or higher than the performance quoted. Performance\ncurrent to the most recent month-end can be obtained by calling (866)\n864-3968.\n\nShort term performance, in particular, is not a good indication of the\nFund’s future performance, and an investment should not be made based solely\non returns. Returns beyond 1 year are annualized. A Fund’s NAV is the sum of\nall its assets less any liabilities, divided by the number of shares\noutstanding. The market price is the most recent price at which the fund was\ntraded. The fund intends to pay out dividends and interest income, if any,\nquarterly. There is no guarantee these distributions will be made.\n\n*The Distribution Rate is the annual rate an investor would receive if the\nmost recently declared distribution, which includes option income, remained\nthe same going forward. The Distribution Rate is calculated by annualizing the\nFund’s most recent distribution and dividing the resulting amount by the\nFund’s most recent NAV. The Distribution Rate represents a single\ndistribution from the ETF and does not represent its total return.\nDistributions are not guaranteed. The distribution may include a combination\nof ordinary dividends, capital gain, and return of investor capital and has\nthe potential to change during any given tax year. Please refer to the 19a-1\nNotice, which can be located on the Fund’s website, regarding the\ncomposition of distributions, including return of capital. Final determination\nof a distribution’s tax character will be made on Form 1099 DIV.\n\n** The 30-Day SEC Yield represents net investment income, which excludes\noption income, earned by the Fund over the 30-Day period ended at the most\nrecent month-end, expressed as an annual percentage rate based on the Fund’s\nshare price at the end of the 30-Day period.\n\nThe gross expense ratio for DDDD is 1.01%.\n\nFor the most recent STANDARDIZED AND MONTH-END PERFORMANCE, please click on\nthe ETF ticker below:\n\nDDDD\n(https://www.globenewswire.com/Tracker?data=bEfu9yrSw07j5__v4l8MfF616XpOwL_R3k8aremJktaQ9ekuYDU61n8hS4ETw63pzQwSrEV-5nOJakEkvqQ9t4x7IVC2_Uc7Dln8yZe809I=)\n\nFund Overview\n\nThe YieldMax(®) U.S. Stocks Target Double Distribution ETF (DDDD) combines\npassive dividend equity exposure through long positions in the constituents of\nSCHD, which tracks the Dow Jones U.S. Dividend 100 Index of high-quality U.S.\ncompanies with strong fundamentals and consistent dividend history, with an\nactively managed options overlay that sells (writes) options on a select\nsubset of SCHD holdings (including SCHD itself and its largest weighted\nequities) seeking to generate premium income. This approach seeks to enhance\ntotal return potential by pairing the stability of established dividend payers\nwith the added income opportunity from options premiums.\n\nDDDD was designed for investors who value SCHD’s reputation for quality,\ndiversified dividend exposure but who are seeking a meaningfully higher level\nof current income from that same exposure. Rather than asking investors to\nchoose between the diversified, lower-volatility profile of a fund like SCHD\nand the higher income potential of an actively managed options strategy, DDDD\nseeks to combine both into a single Fund, layering an options overlay on top\nof a SCHD-aligned equity portfolio in pursuit of roughly double SCHD’s\ndistribution per share.\n\nThe Fund’s options overlay is actively managed: the portfolio management\nteam selects which SCHD holdings to write options against, generally focusing\non SCHD itself and its largest weighted constituents, and adjusts those\npositions over time based on market conditions. The premium income generated\nby this overlay is intended to supplement the dividend income already paid by\nthe Fund’s underlying equity holdings, with the combination of the two\nincome streams supporting the Fund’s target of roughly double SCHD’s\ndistribution per share.\n\nInvestment Objective\n\nThe Fund’s primary investment objective is to seek current income targeting\ndouble the distribution yield of SCHD. The Fund’s secondary investment\nobjective is to seek capital appreciation through investments linked to SCHD\nand the Dow Jones U.S. Dividend 100 Index.\n\nDDDD is the first member of the YieldMax(®) Double Distribution ETF family\nand, like all YieldMax(®) ETFs, aims to deliver current income to investors.\nThe Fund seeks to provide quarterly distributions, pairing the dividend income\ngenerated by its underlying equity holdings with the premium income generated\nby its options overlay in pursuit of its target of approximately double\nSCHD’s distribution yield.\n\nDDDD may be of interest to investors who are drawn to SCHD’s long-standing\nroster of well-established, dividend-paying U.S. companies, but who are\nlooking to generate a larger income stream from that same type of exposure,\nwhether to support spending needs, fund reinvestment, or simply increase the\ncash flow generated by a core equity allocation. Going forward, DDDD intends\nto declare distributions on a quarterly basis, with each declaration\naccompanied by updated Fund metrics, including the Fund’s Distribution Rate,\n30-Day SEC Yield, and ROC estimate.\n\nThe YieldMax(®) Double Distribution family reflects the broader mission of\ndesigning income solutions that build on strategies investors already know and\ntrust. DDDD’s first distribution is an early proof point for that approach:\nby pairing SCHD’s established roster of dividend-paying companies with an\nactively managed options strategy, the Fund seeks to give investors a\nmeaningfully larger income stream from the same underlying exposure, quarter\nafter quarter.\n\nImportant Information\n\nThis material must be preceded or accompanied by the prospectus. For all\nprospectuses, click here\n(https://www.globenewswire.com/Tracker?data=7XHxm6KWch7WHLc_ilRgq698kj8f149HwEhLbSTy1dBURlXYYMppzKaXvcWqk9xbh5C9VNr8SJ1fSMGgKWA_1sX5C2gaP_bvpooFLrgNx3A=).\n\nInvesting in the Fund involves a high degree of risk. The Double Distribution\nTarget is not a guarantee and does not represent a yield or total return\ntarget. Distributions may include return of capital (ROC), which can reduce\nNAV over time. Upside may be limited due to options strategies.\n\nInvestments involve risk. Principal loss is possible.\n\nOptions Contracts. The use of options contracts involves investment strategies\nand risks different from those associated with ordinary portfolio securities\ntransactions. The prices of options are volatile and are influenced by, among\nother things, actual and anticipated changes in the value of the underlying\ninstrument, including the anticipated volatility, which are affected by fiscal\nand monetary policies and by national and international political changes in\nthe actual or implied volatility of the reference asset, the time remaining\nuntil the expiration of the option contract and economic events.\n\nOptions Strategy Risk. There may be times when the Fund’s options strategy\nconsists solely of options written on select securities held by SCHD (or\nhighly correlated securities) (i.e., there are no written options on SCHD\nitself). During such periods, the Fund may experience significant losses\nshould the value of SCHD decrease while at the same time some or all of the\nsecurities upon which the options are written appreciate past their strike\nprices. In such a scenario, the Fund will incur losses from both its long\nposition in SCHD as well as the written options on those securities that\nappreciate past their strike prices.\n\nHigh Portfolio Turnover Risk. The Fund may actively and frequently trade all\nor a significant portion of the Fund’s holdings. A high portfolio turnover\nrate increases transaction costs, which may increase the Fund’s expenses.\n\nSCHD Risk. The Fund invests in SCHD and, under normal circumstances, may also\ninvest directly in a subset of the equity securities held by SCHD or in\nsecurities that are highly correlated with such holdings. As a result, the\nFund is exposed not only to the risks associated with investing in SCHD as an\nexchange-traded fund, but also—whether indirectly through SCHD or directly\nthrough such investments—to the risks of the individual issuers and\nsecurities that comprise, or are economically similar to, those included in\nSCHD’s portfolio. The value of SCHD and any such underlying or correlated\nsecurities will fluctuate over time based on the performance of the securities\nincluded in the Index, which may be affected by factors such as changes in\ngeneral economic conditions, interest rates, company fundamentals, and market\nsentiment regarding dividend-paying stocks. Brokerage, tax, and other\nexpenses incurred by SCHD may negatively impact its performance and, in turn,\nthe value of the Fund’s shares. In addition, to the extent the Fund invests\ndirectly in underlying or correlated securities, it will bear its\nproportionate share of any transaction and other costs associated with such\ninvestments. Since SCHD is an ETF, it is also subject to the same structural\nrisks as the Fund, including risks related to ETF trading, tracking error,\nand liquidity. By virtue of the Fund’s investment in SCHD and/or direct or\nindirect exposure to its underlying or correlated securities, the Fund may\nalso be subject to the following risks:\n* Underlying Securities and Correlation Risk. To the extent the Fund invests\ndirectly in securities held by SCHD or in securities that are highly\ncorrelated with such holdings, the Fund may be more directly exposed to the\nrisks of those issuers and may experience performance that deviates from that\nof SCHD. Such investments may increase the Fund’s sensitivity to the\nperformance of a smaller number of issuers or sectors, reduce diversification\nbenefits associated with investing solely in SCHD, and result in greater\nvolatility. In addition, securities that are intended to be highly correlated\nwith SCHD’s holdings may not perform as expected, particularly during\nperiods of market stress or dislocation, which could cause the Fund’s\nperformance to diverge from that of SCHD or the Index.\nUnderlying Security Risk. Certain of the Funds invest in options contracts\nthat are based on the value of specific securities. This subjects such Funds\nto certain of the same risks as if they owned shares of the underlying\nsecurities, even though they do not. As with any investment, there is a risk\nthat you could lose all or a portion of your investment in the Funds.\n\nCounterparty Risk. The Fund is subject to counterparty risk by virtue of its\ninvestments in options contracts. Transactions in some types of derivatives,\nincluding options, are required to be centrally cleared (“cleared\nderivatives”). In a transaction involving cleared derivatives, the Fund’s\ncounterparty is a clearing house rather than a bank or broker. Since the Fund\nis not a member of clearing houses and only members of a clearing house\n(“clearing members”) can participate directly in the clearing house, the\nFund will hold cleared derivatives through accounts at clearing members.\n\nDerivatives Risk. Derivatives are financial instruments that derive value from\nthe underlying reference asset or assets, such as stocks, bonds, or funds\n(including ETFs), interest rates or indexes. The Funds’ investments in\nderivatives may pose risks in addition to, and greater than, those associated\nwith directly investing in securities or other ordinary investments, including\nrisk related to the market, imperfect correlation with underlying investments\nor the Funds’ other portfolio holdings, higher price volatility, lack of\navailability, counterparty risk, liquidity, valuation and legal restrictions.\n\nLiquidity Risk. Some securities held by the Funds, including options\ncontracts, may be difficult to sell or be illiquid, particularly during times\nof market turmoil. This risk is greater for Funds that hold options contracts\non a single security, and not a broader range of options contracts.\n\nNon-Diversification Risk. Because certain of the Funds are\n“non-diversified,” they may invest a greater percentage of their assets in\nthe securities of a single issuer or a smaller number of issuers than if they\nwere diversified funds.\n\nDistribution Risk. As part of the Funds’ investment objectives, the Funds\nseek to provide quarterly income. There is no assurance that the Funds will\nmake a distribution in any given week or month. If the Funds do make\ndistributions, the amounts of such distributions will likely vary greatly from\none distribution to the next.\n\nNew Fund Risk. Certain of the Funds are recently organized management\ninvestment companies with no operating history. As a result, prospective\ninvestors do not have a track record or history on which to base their\ninvestment decisions regarding such Funds.\n\nThe Dow Jones U.S. Dividend 100 Index is designed to measure the performance\nof high-dividend-yielding stocks in the U.S. with a record of consistently\npaying dividends, selected for fundamental strength relative to their peers,\nbased on financial ratios.\n\nYieldMax® ETFs are distributed by Foreside Fund Services, LLC. Foreside is\nnot affiliated with Tidal Investments, LLC, or YieldMax® ETFs.\n\n© 2026 YieldMax® ETFs\n\nContact Vince DiLullo at vdilullo@yieldmaxetfs.com for more information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/562de864-18d8-42c8-a94d-f96ee82c1c0b)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7Kj4pL-20260930","title":"YieldMax® ETFs Announces Quarterly Distribution for the U.S. Stocks Target Double Distribution ETF (DDDD)","author":"Globe Newswire","ticker":"DDDD","created":"2026-09-30T10:55:00.207Z","tickers":["DDDD"],"exchange":"NYSE","article_body":"CHICAGO, MILWAUKEE and NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) --\nYieldMax(®) today announced its quarterly distribution for the YieldMax\n(https://www.globenewswire.com/Tracker?data=lSeeLsIu63kaKwEmpg1TzgAw60if05AzV4ZK-4jNf1FLFZCibGSmTo9sK5UxuB9cqeCgFl_MKXSmYQ6-dikFovirQwERbghdxo3nYbORog8=)(®)\n(https://www.globenewswire.com/Tracker?data=BGNPduykFbfE-42XXpt9ktuTbv-BKaCxOTYujDGDxx1O0qmByNmJ6IqiTPvVRh7RoVgM32EJKB7oduiUlB-6bxpgZ6JjOQgVmBtFjDZA3fc=)\nU.S. Stocks Target Double Distribution ETF (NYSE: DDDD)\n(https://www.globenewswire.com/Tracker?data=plmbePyAfuOfVxLKzmtrJzGDYCwnYdPBfxPwtDmg7re-acakdrU3R9o09U0TSeZAiFyCKxOG_ohUkp5kj9teVAjmdWXgxaaw5yXY8cM8hqcd_dZGYD1vGJkBAlX5x65hcFsxgfr7V0HTDDQOyyVJK8ml3e_imCR1E7IV4D0kAvI=),\nlisted in the table below. The Fund targets approximately double the\nannualized distribution yield of the Schwab U.S. Dividend Equity ETF (SCHD).\n\nDDDD Distribution Announcement:\n\nEx. & Record Date: October 1, 2026\n\nPayment Date: October 2, 2026\n\n ETF Ticker  ETF Name                                                 Dist. Frequency  Dist. per Share  Dist. Rate*  30-Day SEC Yield**  \n DDDD        YieldMax (®)U.S. Stocks Target Double Distribution ETF   Quarterly        $0.5330          6.58%        2.27%               \n\nThe performance data quoted represents past performance. Past performance does\nnot guarantee future results. The investment return and principal value of an\ninvestment will fluctuate so that an investor’s shares, when sold or\nredeemed, may be worth more or less than their original cost and current\nperformance may be lower or higher than the performance quoted. Performance\ncurrent to the most recent month-end can be obtained by calling (866)\n864-3968.\n\nShort term performance, in particular, is not a good indication of the\nFund’s future performance, and an investment should not be made based solely\non returns. Returns beyond 1 year are annualized. A Fund’s NAV is the sum of\nall its assets less any liabilities, divided by the number of shares\noutstanding. The market price is the most recent price at which the fund was\ntraded. The fund intends to pay out dividends and interest income, if any,\nquarterly. There is no guarantee these distributions will be made.\n\n*The Distribution Rate is the annual rate an investor would receive if the\nmost recently declared distribution, which includes option income, remained\nthe same going forward. The Distribution Rate is calculated by annualizing the\nFund’s most recent distribution and dividing the resulting amount by the\nFund’s most recent NAV. The Distribution Rate represents a single\ndistribution from the ETF and does not represent its total return.\nDistributions are not guaranteed. The distribution may include a combination\nof ordinary dividends, capital gain, and return of investor capital and has\nthe potential to change during any given tax year. Please refer to the 19a-1\nNotice, which can be located on the Fund’s website, regarding the\ncomposition of distributions, including return of capital. Final determination\nof a distribution’s tax character will be made on Form 1099 DIV.\n\n** The 30-Day SEC Yield represents net investment income, which excludes\noption income, earned by the Fund over the 30-Day period ended at the most\nrecent month-end, expressed as an annual percentage rate based on the Fund’s\nshare price at the end of the 30-Day period.\n\nThe gross expense ratio for DDDD is 1.01%.\n\nFor the most recent STANDARDIZED AND MONTH-END PERFORMANCE, please click on\nthe ETF ticker below:\n\nDDDD\n(https://www.globenewswire.com/Tracker?data=bEfu9yrSw07j5__v4l8MfF616XpOwL_R3k8aremJktaQ9ekuYDU61n8hS4ETw63pzQwSrEV-5nOJakEkvqQ9t4x7IVC2_Uc7Dln8yZe809I=)\n\nFund Overview\n\nThe YieldMax(®) U.S. Stocks Target Double Distribution ETF (DDDD) combines\npassive dividend equity exposure through long positions in the constituents of\nSCHD, which tracks the Dow Jones U.S. Dividend 100 Index of high-quality U.S.\ncompanies with strong fundamentals and consistent dividend history, with an\nactively managed options overlay that sells (writes) options on a select\nsubset of SCHD holdings (including SCHD itself and its largest weighted\nequities) seeking to generate premium income. This approach seeks to enhance\ntotal return potential by pairing the stability of established dividend payers\nwith the added income opportunity from options premiums.\n\nDDDD was designed for investors who value SCHD’s reputation for quality,\ndiversified dividend exposure but who are seeking a meaningfully higher level\nof current income from that same exposure. Rather than asking investors to\nchoose between the diversified, lower-volatility profile of a fund like SCHD\nand the higher income potential of an actively managed options strategy, DDDD\nseeks to combine both into a single Fund, layering an options overlay on top\nof a SCHD-aligned equity portfolio in pursuit of roughly double SCHD’s\ndistribution per share.\n\nThe Fund’s options overlay is actively managed: the portfolio management\nteam selects which SCHD holdings to write options against, generally focusing\non SCHD itself and its largest weighted constituents, and adjusts those\npositions over time based on market conditions. The premium income generated\nby this overlay is intended to supplement the dividend income already paid by\nthe Fund’s underlying equity holdings, with the combination of the two\nincome streams supporting the Fund’s target of roughly double SCHD’s\ndistribution per share.\n\nInvestment Objective\n\nThe Fund’s primary investment objective is to seek current income targeting\ndouble the distribution yield of SCHD. The Fund’s secondary investment\nobjective is to seek capital appreciation through investments linked to SCHD\nand the Dow Jones U.S. Dividend 100 Index.\n\nDDDD is the first member of the YieldMax(®) Double Distribution ETF family\nand, like all YieldMax(®) ETFs, aims to deliver current income to investors.\nThe Fund seeks to provide quarterly distributions, pairing the dividend income\ngenerated by its underlying equity holdings with the premium income generated\nby its options overlay in pursuit of its target of approximately double\nSCHD’s distribution yield.\n\nDDDD may be of interest to investors who are drawn to SCHD’s long-standing\nroster of well-established, dividend-paying U.S. companies, but who are\nlooking to generate a larger income stream from that same type of exposure,\nwhether to support spending needs, fund reinvestment, or simply increase the\ncash flow generated by a core equity allocation. Going forward, DDDD intends\nto declare distributions on a quarterly basis, with each declaration\naccompanied by updated Fund metrics, including the Fund’s Distribution Rate,\n30-Day SEC Yield, and ROC estimate.\n\nThe YieldMax(®) Double Distribution family reflects the broader mission of\ndesigning income solutions that build on strategies investors already know and\ntrust. DDDD’s first distribution is an early proof point for that approach:\nby pairing SCHD’s established roster of dividend-paying companies with an\nactively managed options strategy, the Fund seeks to give investors a\nmeaningfully larger income stream from the same underlying exposure, quarter\nafter quarter.\n\nImportant Information\n\nThis material must be preceded or accompanied by the prospectus. For all\nprospectuses, click here\n(https://www.globenewswire.com/Tracker?data=7XHxm6KWch7WHLc_ilRgq698kj8f149HwEhLbSTy1dBURlXYYMppzKaXvcWqk9xbh5C9VNr8SJ1fSMGgKWA_1sX5C2gaP_bvpooFLrgNx3A=).\n\nInvesting in the Fund involves a high degree of risk. The Double Distribution\nTarget is not a guarantee and does not represent a yield or total return\ntarget. Distributions may include return of capital (ROC), which can reduce\nNAV over time. Upside may be limited due to options strategies.\n\nInvestments involve risk. Principal loss is possible.\n\nOptions Contracts. The use of options contracts involves investment strategies\nand risks different from those associated with ordinary portfolio securities\ntransactions. The prices of options are volatile and are influenced by, among\nother things, actual and anticipated changes in the value of the underlying\ninstrument, including the anticipated volatility, which are affected by fiscal\nand monetary policies and by national and international political changes in\nthe actual or implied volatility of the reference asset, the time remaining\nuntil the expiration of the option contract and economic events.\n\nOptions Strategy Risk. There may be times when the Fund’s options strategy\nconsists solely of options written on select securities held by SCHD (or\nhighly correlated securities) (i.e., there are no written options on SCHD\nitself). During such periods, the Fund may experience significant losses\nshould the value of SCHD decrease while at the same time some or all of the\nsecurities upon which the options are written appreciate past their strike\nprices. In such a scenario, the Fund will incur losses from both its long\nposition in SCHD as well as the written options on those securities that\nappreciate past their strike prices.\n\nHigh Portfolio Turnover Risk. The Fund may actively and frequently trade all\nor a significant portion of the Fund’s holdings. A high portfolio turnover\nrate increases transaction costs, which may increase the Fund’s expenses.\n\nSCHD Risk. The Fund invests in SCHD and, under normal circumstances, may also\ninvest directly in a subset of the equity securities held by SCHD or in\nsecurities that are highly correlated with such holdings. As a result, the\nFund is exposed not only to the risks associated with investing in SCHD as an\nexchange-traded fund, but also—whether indirectly through SCHD or directly\nthrough such investments—to the risks of the individual issuers and\nsecurities that comprise, or are economically similar to, those included in\nSCHD’s portfolio. The value of SCHD and any such underlying or correlated\nsecurities will fluctuate over time based on the performance of the securities\nincluded in the Index, which may be affected by factors such as changes in\ngeneral economic conditions, interest rates, company fundamentals, and market\nsentiment regarding dividend-paying stocks. Brokerage, tax, and other\nexpenses incurred by SCHD may negatively impact its performance and, in turn,\nthe value of the Fund’s shares. In addition, to the extent the Fund invests\ndirectly in underlying or correlated securities, it will bear its\nproportionate share of any transaction and other costs associated with such\ninvestments. Since SCHD is an ETF, it is also subject to the same structural\nrisks as the Fund, including risks related to ETF trading, tracking error,\nand liquidity. By virtue of the Fund’s investment in SCHD and/or direct or\nindirect exposure to its underlying or correlated securities, the Fund may\nalso be subject to the following risks:\n* Underlying Securities and Correlation Risk. To the extent the Fund invests\ndirectly in securities held by SCHD or in securities that are highly\ncorrelated with such holdings, the Fund may be more directly exposed to the\nrisks of those issuers and may experience performance that deviates from that\nof SCHD. Such investments may increase the Fund’s sensitivity to the\nperformance of a smaller number of issuers or sectors, reduce diversification\nbenefits associated with investing solely in SCHD, and result in greater\nvolatility. In addition, securities that are intended to be highly correlated\nwith SCHD’s holdings may not perform as expected, particularly during\nperiods of market stress or dislocation, which could cause the Fund’s\nperformance to diverge from that of SCHD or the Index.\nUnderlying Security Risk. Certain of the Funds invest in options contracts\nthat are based on the value of specific securities. This subjects such Funds\nto certain of the same risks as if they owned shares of the underlying\nsecurities, even though they do not. As with any investment, there is a risk\nthat you could lose all or a portion of your investment in the Funds.\n\nCounterparty Risk. The Fund is subject to counterparty risk by virtue of its\ninvestments in options contracts. Transactions in some types of derivatives,\nincluding options, are required to be centrally cleared (“cleared\nderivatives”). In a transaction involving cleared derivatives, the Fund’s\ncounterparty is a clearing house rather than a bank or broker. Since the Fund\nis not a member of clearing houses and only members of a clearing house\n(“clearing members”) can participate directly in the clearing house, the\nFund will hold cleared derivatives through accounts at clearing members.\n\nDerivatives Risk. Derivatives are financial instruments that derive value from\nthe underlying reference asset or assets, such as stocks, bonds, or funds\n(including ETFs), interest rates or indexes. The Funds’ investments in\nderivatives may pose risks in addition to, and greater than, those associated\nwith directly investing in securities or other ordinary investments, including\nrisk related to the market, imperfect correlation with underlying investments\nor the Funds’ other portfolio holdings, higher price volatility, lack of\navailability, counterparty risk, liquidity, valuation and legal restrictions.\n\nLiquidity Risk. Some securities held by the Funds, including options\ncontracts, may be difficult to sell or be illiquid, particularly during times\nof market turmoil. This risk is greater for Funds that hold options contracts\non a single security, and not a broader range of options contracts.\n\nNon-Diversification Risk. Because certain of the Funds are\n“non-diversified,” they may invest a greater percentage of their assets in\nthe securities of a single issuer or a smaller number of issuers than if they\nwere diversified funds.\n\nDistribution Risk. As part of the Funds’ investment objectives, the Funds\nseek to provide quarterly income. There is no assurance that the Funds will\nmake a distribution in any given week or month. If the Funds do make\ndistributions, the amounts of such distributions will likely vary greatly from\none distribution to the next.\n\nNew Fund Risk. Certain of the Funds are recently organized management\ninvestment companies with no operating history. As a result, prospective\ninvestors do not have a track record or history on which to base their\ninvestment decisions regarding such Funds.\n\nThe Dow Jones U.S. Dividend 100 Index is designed to measure the performance\nof high-dividend-yielding stocks in the U.S. with a record of consistently\npaying dividends, selected for fundamental strength relative to their peers,\nbased on financial ratios.\n\nYieldMax® ETFs are distributed by Foreside Fund Services, LLC. Foreside is\nnot affiliated with Tidal Investments, LLC, or YieldMax® ETFs.\n\n© 2026 YieldMax® ETFs\n\nContact Vince DiLullo at vdilullo@yieldmaxetfs.com for more information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/562de864-18d8-42c8-a94d-f96ee82c1c0b)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T10:55:00.260700751Z","server_sent_at_ms":1790765700260},"received_at":"2026-09-30T10:55:00.435Z","source_url":null},"analysis":{"id":"145116","press_release_id":"156419","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["distributions may include return of capital, which can reduce NAV over time","30-Day SEC Yield (2.27%) is far below the headline distribution rate (6.58%)","newly organized fund with no operating history"],"eventType":"dividend","narrative":"YieldMax declared the first quarterly distribution for its U.S. Stocks Target Double Distribution ETF (DDDD): $0.5330 per share, payable October 2 to holders of record October 1.\n\nThe distribution equates to a 6.58% annualized distribution rate against a 2.27% 30-Day SEC Yield, with the fund targeting roughly double SCHD's distribution yield via an options overlay on SCHD-aligned holdings.\n\nDistributions may include return of capital, and the fund carries a 1.01% gross expense ratio with no guaranteed payouts.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"First DDDD distribution declared at $0.5330/share (6.58% rate), but SEC yield of 2.27% and ROC disclosure warrant scrutiny of income sustainability."},"keyFigures":{"customDimensions":{"sec_yield_30_day":"2.27%","distribution_rate":"6.58%","gross_expense_ratio":"1.01%","distribution_frequency":"Quarterly","distribution_per_share":"$0.5330"}},"namedEntities":{"people":[{"name":"Vince DiLullo","role":"contact for YieldMax ETFs"}],"products":["YieldMax U.S. Stocks Target Double Distribution ETF (DDDD)"],"companies":[{"name":"YieldMax ETFs","relationship":"issuer"},{"name":"Schwab U.S. Dividend Equity ETF","ticker":"SCHD","relationship":"underlying benchmark ETF"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"},{"name":"Tidal Investments, LLC","relationship":"affiliated investment manager"}],"dollarAmounts":[{"amount":"$0.5330","context":"quarterly distribution per share"}]},"materialImpact":{"score":1,"reasoning":"Routine quarterly distribution declaration for a new ETF, with extensive boilerplate risk disclosure. No change to strategy, guidance, or capital structure."},"tickerRelevance":{"others":[{"ticker":"SCHD","relevance":"underlying benchmark ETF"}],"primary":"DDDD"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"new-micro-etf","eventGravity":"routine-distribution-declaration","boilerplateShare":"high","retailFavoriteBoost":"income-product-retail-interest"}},"event_type":"dividend","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"YieldMax declared the first quarterly distribution for its U.S. Stocks Target Double Distribution ETF (DDDD): $0.5330 per share, payable October 2 to holders of record October 1.\n\nThe distribution equates to a 6.58% annualized distribution rate against a 2.27% 30-Day SEC Yield, with the fund targeting roughly double SCHD's distribution yield via an options overlay on SCHD-aligned holdings.\n\nDistributions may include return of capital, and the fund carries a 1.01% gross expense ratio with no guaranteed payouts.","key_figures":{"customDimensions":{"sec_yield_30_day":"2.27%","distribution_rate":"6.58%","gross_expense_ratio":"1.01%","distribution_frequency":"Quarterly","distribution_per_share":"$0.5330"}},"named_entities":{"people":[{"name":"Vince DiLullo","role":"contact for YieldMax ETFs"}],"products":["YieldMax U.S. Stocks Target Double Distribution ETF (DDDD)"],"companies":[{"name":"YieldMax ETFs","relationship":"issuer"},{"name":"Schwab U.S. Dividend Equity ETF","ticker":"SCHD","relationship":"underlying benchmark ETF"},{"name":"Foreside Fund Services, LLC","relationship":"distributor"},{"name":"Tidal Investments, LLC","relationship":"affiliated investment manager"}],"dollarAmounts":[{"amount":"$0.5330","context":"quarterly distribution per share"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T10:55:08.287Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"new-micro-etf","eventGravity":"routine-distribution-declaration","boilerplateShare":"high","retailFavoriteBoost":"income-product-retail-interest"}},"durationMs":7824,"modelName":"glm-5.3-flashx"}}