SLTY ETF — YieldMax Ultra Short Option Income Strategy ETF

YieldMax Ultra Short Option Income Strategy ETF (SLTY)

SLTY is an ETF that tracks the S&P 500 Index. As of August 19, 2026, its distribution rate is 54.68%, its trailing-12-month yield is 96.84%, its expense ratio is 1.25%. Dividend Vision Distribution Safety Score™ is 32/100 (Elevated risk). Fund total return is -18.5% over the past year, 40.6 points behind SPY at 22.1%.

At the current 54.68% distribution rate, a $10,000 investment would generate approximately $5,468 per year, or $455.67 per month on an equivalent basis. Actual weekly payments vary.

SLTY performance versus SPY

Data as of August 19, 2026.

Fund total return is -18.5% over the past year, 40.6 points behind SPY at 22.1%. Its deepest 1-year drawdown was 20.8%.

SLTY key facts

Data as of August 19, 2026.

Distribution Safety Score™

32 · Elevated risk

Safety-Adjusted Yield

17.50%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

08/20/2025

Expense ratio

1.25%

Distribution rate

54.68%

Distribution frequency

Weekly

Trailing yield

96.84%

30-day SEC yield

1.96%

Last close

$21.34

AUM

$17,483,361

Average volume

9992.0

Last dividend

$0.2244

Ex-dividend date

08/19/2026

Payment date

08/20/2026

Beta

-0.9441

How Dividend Vision calculates yield and returns

Distribution rate (54.68%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (96.84%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (1.96%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: YieldMax fund page; Index: S&P 500 Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SLTY risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 20.8%.

Who may consider SLTY — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from YieldMax.