TEST Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF
Quote as of Sep 10, 2026 16:35 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 38.00 | Day Range | 37.39 – 37.70 |
| 52-Week Range | 33.40 – 57.74 | Volume | 967 |
| Avg Volume | 1.80K | AUM | $2.9M (Sep 11, 2026) |
| Expense Ratio | 1.01% | Yield (TTM) | — |
| NAV | 37.85 | Premium/Discount | -0.53% indicative |
| Inception | Nov 18, 2025 | Holdings | — |
| Issuer | — | Exchange | CBOE |
| Category | Energy | Index Tracked | Not stated in source data |
| CUSIP | 88636V546 | ISIN | US88636V5460 |
| Structure | Option Income | ||
| Management | Not stated in source data | ||
About this ETF
TEST aims for current income by combining synthetic long exposure to Tesla, Inc. (TSLA) and other options strategies, collateralized by cash and US Treasurys. TSLA engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. The fund aims for monthly premiums of approximately 2.2% and an annual cash distribution target of about 25% of the funds NAV. Synthetic exposure is created by pairing long call options with short put options on TSLA, replicating the stocks price movements, subject to limits on potential gains. To generate premiums, the fund employs various options strategies, such as covered call spread that sells call options while buying calls at a higher strike, capping both profit and loss. The strategy may generate income but limits participation in potential gains if TSLA shares increase in value. On a weekly basis, the adviser uses one or more options strategies.
Description from the fund data provider · profile as of Sep 11, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | — | — | — | — | — | — | — | — | — |
| Total return | — | — | — | — | — | — | — | — | — |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.01% | Annual cost of a $10,000 investment | $101.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund — it may not pay them, or history has not loaded yet.
Risk Statistics
Liquidity
| Volume today | 967 | Average volume | 1.80K |
| AUM | $2.9M | Premium/Discount | -0.53% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing. No official links available from our data source for this fund yet.
Latest News for TEST
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.