以上变更立即生效。 对于YieldMax苹果期权收入策略etf，第4页“合成备兑看涨策略—2.备兑看涨交易”小节的第一段被删除，并被以下内容替换：

作为其策略的一部分，该基金将卖出AAPL的看涨期权合约，以赚取收入。由于该基金并不直接拥有AAPL股票，这些编写的看涨期权将被开空卖出（即卖出目前并不持有的头寸）。基金将寻求捕捉AAPL股价在给定月份内的部分涨幅（通常不超过15%）。为此，该基金编写的看涨期权（售出）通常会在一个月或更短的时间内到期（“看涨期”）；并且通常拥有行权价，大约比当时的AAPL股价高0%-15%。

上述变更立即生效。 对于YieldMax AMZN看涨收益策略etf，第14页“合成备兑看涨策略 – 2. 备兑看涨 写作”小节下的第一段已被删除，并替换为如下内容：

作为其策略的一部分，该基金将卖出AMZN的看涨期权合约以获取收入。由于该基金并非直接拥有AMZN股票，这些所写的看涨期权将被开空（即卖空一份目前未持有的头寸）。该基金将力图在给定月份内捕捉AMZN股价上涨的一部分（通常不超过15%）。为了达到这个目的，该基金所写（卖出）的看涨期权通常具有一个月或更短的到期日（“看涨期限”），并且通常具有一个约为0%-15%的行使价，高于当时的AMZN股价。

前述更改立即生效。 对于YieldMax BRk.b 期权收入策略etf，在第24页的“混合看涨策略-2. 看涨期权买入”小节下的第一段落被删除，并将其替换为以下内容：

作为其策略的一部分，基金 将写入（卖出）BRK.B的看涨期权合约以产生收益。由于基金并不直接持有BRK.B，这些写入的看涨期权 将被卖空（即，出售一个当前并不拥有的头寸）。基金将寻求捕捉BRK.B的部分 股价上涨（通常不超过15%）在给定的月份。为此，基金写入（卖出）的看涨期权通常 的到期时间为一个月或更短（“看涨期”），并且通常具有大约0%-15% 高于当时当前BRK.B股价的行使价格。

上述变更即刻生效。 对于YieldMax COIN期权收益策略etf，第34页“合成看涨策略 – 2. 看涨 写作”小节下的第一段被删除，替换为如下内容：

作为其策略的一部分，基金 将对COIN写入（卖出）看涨期权合同以产生收入。由于基金并不直接拥有COIN，这些写出的看涨期权 将被开空（即卖出其当前不拥有的头寸）。基金旨在捕捉COIN 股价上涨的一部分（通常不超过15%），以在特定月份内实现。为此，基金写入（卖出）的看涨期权通常 到期时间为一个月或更短（“看涨期”），通常行使价格大约在当时COIN股价之上0%-15%。

The foregoing changes are effective immediately. For the YieldMax META Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 44, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on META to generate income. Since the Fund does not directly own META, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of META's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current META share price.

The foregoing changes are effective immediately. For the YieldMax GOOGL Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 53, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on GOOGL to generate income. Since the Fund does not directly own GOOGL, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of GOOGL's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current GOOGL share price.

The foregoing changes are effective immediately. For the YieldMax NFLX Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 64, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on NFLX to generate income. Since the Fund does not directly own NFLX, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of NFLX's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current NFLX share price.

The foregoing changes are effective immediately. For the YieldMax NVDA Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 73, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on NVDA to generate income. Since the Fund does not directly own NVDA, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of NVDA's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current NVDA share price.

The foregoing changes are effective immediately. For the YieldMax SQ Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 83, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on SQ to generate income. Since the Fund does not directly own SQ, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of SQ's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current SQ share price.

The foregoing changes are effective immediately. For the YieldMax TSLA Option Income Strategy ETF, the first paragraph under “Synthetic Covered Call Strategy – 2. Covered Call Writing” subsection on page 93, is deleted and is replaced with the follows:

As part of its strategy, the Fund will write (sell) call option contracts on TSLA to generate income. Since the Fund does not directly own TSLA, these written call options will be sold short (i.e., selling a position it does not currently own). The Fund will seek to capture a portion of TSLA's share price appreciation (generally no more than 15%) of in a given month. To do so, the call options written (sold) by the Fund will generally have an expiration of one month or less (the “Call Period”) and generally have a strike price that is approximately 0%-15% above the then-current TSLA share price.