v3.25.0.1
Annual Fund Operating Expenses
Feb. 25, 2025
YieldMax AAPL Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [1]
Distribution and Service (12b-1) Fees 0.00% [1]
Other Expenses (as a percentage of Assets): 0.07% [1]
Expenses (as a percentage of Assets) 1.06% [1]
YieldMax ABNB Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [2]
Distribution and Service (12b-1) Fees 0.00% [2]
Other Expenses (as a percentage of Assets): 0.07% [2],[3]
Expenses (as a percentage of Assets) 1.06% [2]
YieldMax ADBE Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [4]
Distribution and Service (12b-1) Fees 0.00% [4]
Other Expenses (as a percentage of Assets): 0.00% [4],[5]
Expenses (as a percentage of Assets) 0.99% [4]
YieldMax AI Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [6]
Distribution and Service (12b-1) Fees 0.00% [6]
Other Expenses (as a percentage of Assets): 0.68% [6]
Expenses (as a percentage of Assets) 1.67% [6]
YieldMax AMD Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [7]
Distribution and Service (12b-1) Fees 0.00% [7]
Other Expenses (as a percentage of Assets): 0.24% [7]
Expenses (as a percentage of Assets) 1.23% [7]
YieldMax AMZN Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [8]
Distribution and Service (12b-1) Fees 0.00% [8]
Other Expenses (as a percentage of Assets): 0.18% [8]
Expenses (as a percentage of Assets) 1.17% [8]
YieldMax BA Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [9]
Distribution and Service (12b-1) Fees 0.00% [9]
Other Expenses (as a percentage of Assets): 0.00% [9],[10]
Expenses (as a percentage of Assets) 0.99% [9]
YieldMax BIIB Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [11]
Distribution and Service (12b-1) Fees 0.00% [11]
Other Expenses (as a percentage of Assets): 0.00% [11],[12]
Expenses (as a percentage of Assets) 0.99% [11]
YieldMax BRK.B Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [13]
Distribution and Service (12b-1) Fees 0.00% [13]
Other Expenses (as a percentage of Assets): 0.00% [13],[14]
Expenses (as a percentage of Assets) 0.99% [13]
YieldMax COIN Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [15]
Distribution and Service (12b-1) Fees 0.00% [15]
Other Expenses (as a percentage of Assets): 0.23% [15]
Expenses (as a percentage of Assets) 1.00% [15]
YieldMax DIS Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [16]
Distribution and Service (12b-1) Fees 0.00% [16]
Other Expenses (as a percentage of Assets): 0.32% [16]
Acquired Fund Fees and Expenses 0.01% [16],[17]
Expenses (as a percentage of Assets) 1.32% [16]
YieldMax GOOGL Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [18]
Distribution and Service (12b-1) Fees 0.00% [18]
Other Expenses (as a percentage of Assets): 0.21% [18]
Expenses (as a percentage of Assets) 1.20% [18]
YieldMax INTC Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [19]
Distribution and Service (12b-1) Fees 0.00% [19]
Other Expenses (as a percentage of Assets): 0.00% [19],[20]
Expenses (as a percentage of Assets) 0.99% [19]
YieldMax JPM Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [21]
Distribution and Service (12b-1) Fees 0.00% [21]
Other Expenses (as a percentage of Assets): 0.19% [21]
Acquired Fund Fees and Expenses 0.01% [21],[22]
Expenses (as a percentage of Assets) 1.19% [21]
YieldMax META Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [23]
Distribution and Service (12b-1) Fees 0.00% [23]
Other Expenses (as a percentage of Assets): 0.07% [23]
Expenses (as a percentage of Assets) 1.06% [23]
YieldMax MRNA Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [24]
Distribution and Service (12b-1) Fees 0.00% [24]
Other Expenses (as a percentage of Assets): 0.27% [24]
Acquired Fund Fees and Expenses 0.01% [24],[25]
Expenses (as a percentage of Assets) 1.27% [24]
YieldMax MSFT Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [26]
Distribution and Service (12b-1) Fees 0.00% [26]
Other Expenses (as a percentage of Assets): 0.08% [26]
Expenses (as a percentage of Assets) 1.07% [26]
YieldMax NFLX Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [27]
Distribution and Service (12b-1) Fees 0.00% [27]
Other Expenses (as a percentage of Assets): 0.06% [27]
Expenses (as a percentage of Assets) 1.05% [27]
YieldMax NKE Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [28]
Distribution and Service (12b-1) Fees 0.00% [28]
Other Expenses (as a percentage of Assets): 0.00% [28],[29]
Expenses (as a percentage of Assets) 0.99% [28]
YieldMax NVDA Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [30]
Distribution and Service (12b-1) Fees 0.00% [30]
Other Expenses (as a percentage of Assets): 0.28% [30]
Expenses (as a percentage of Assets) 1.27% [30]
YieldMax ORCL Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [31]
Distribution and Service (12b-1) Fees 0.00% [31]
Other Expenses (as a percentage of Assets): 0.00% [31],[32]
Expenses (as a percentage of Assets) 0.99% [31]
YieldMax PYPL Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [33]
Distribution and Service (12b-1) Fees 0.00% [33]
Other Expenses (as a percentage of Assets): 0.46% [33]
Acquired Fund Fees and Expenses 0.01% [33],[34]
Expenses (as a percentage of Assets) 1.46% [33]
YieldMax ROKU Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [35]
Distribution and Service (12b-1) Fees 0.00% [35]
Other Expenses (as a percentage of Assets): 0.00% [35],[36]
Expenses (as a percentage of Assets) 0.99% [35]
YieldMax SNOW Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [37]
Distribution and Service (12b-1) Fees 0.00% [37]
Other Expenses (as a percentage of Assets): 0.05% [37],[38]
Expenses (as a percentage of Assets) 1.04% [37]
YieldMax SQ Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [39]
Distribution and Service (12b-1) Fees 0.00% [39]
Other Expenses (as a percentage of Assets): 0.44% [39]
Acquired Fund Fees and Expenses 0.01% [39],[40]
Expenses (as a percentage of Assets) 1.44% [39]
YieldMax TGT Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [41]
Distribution and Service (12b-1) Fees 0.00% [41]
Other Expenses (as a percentage of Assets): 0.00% [41],[42]
Expenses (as a percentage of Assets) 0.99% [41]
YieldMax TSLA Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [43]
Distribution and Service (12b-1) Fees 0.00% [43]
Other Expenses (as a percentage of Assets): 0.05% [43]
Expenses (as a percentage of Assets) 1.04% [43]
YieldMax XOM Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [44]
Distribution and Service (12b-1) Fees 0.00% [44]
Other Expenses (as a percentage of Assets): 0.26% [44]
Expenses (as a percentage of Assets) 1.25% [44]
YieldMax ZM Option Income Strategy ETF [Member]  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.99% [45]
Distribution and Service (12b-1) Fees 0.00% [45]
Other Expenses (as a percentage of Assets): 0.00% [45],[46]
Expenses (as a percentage of Assets) 0.99% [45]
[1] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[2] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other
[3] Based on estimated amounts for the current fiscal year.
[4] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[5] Based on estimated amounts for the current fiscal year.
[6] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[7] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[8] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[9] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[10] Based on estimated amounts for the current fiscal year.
[11] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[12] Based on estimated amounts for the current fiscal year.
[13] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[14] Based on estimated amounts for the current fiscal year.
[15] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[16] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[17] Acquired Fund Fees and Expenses (“AFFE”) are the indirect costs of investing in other investment companies. Total Annual Fund Operating Expenses do not correlate to the expense ratios in the Fund’s Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund and exclude AFFE. 
[18] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[19] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[20] Based on estimated amounts for the current fiscal year.
[21] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[22] Acquired Fund Fees and Expenses (“AFFE”) are the indirect costs of investing in other investment companies. Total Annual Fund Operating Expenses do not correlate to the expense ratios in the Fund’s Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund and exclude AFFE.
[23] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[24] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[25] Acquired Fund Fees and Expenses (“AFFE”) are the indirect costs of investing in other investment companies. Total Annual Fund Operating Expenses do not correlate to the expense ratios in the Fund’s Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund and exclude AFFE. 
[26] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[27] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[28] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[29] Based on estimated amounts for the current fiscal year.
[30] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[31] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[32] Based on estimated amounts for the current fiscal year.
[33] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[34] Acquired Fund Fees and Expenses (“AFFE”) are the indirect costs of investing in other investment companies. Total Annual Fund Operating Expenses do not correlate to the expense ratios in the Fund’s Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund and exclude AFFE. 
[35] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[36] Based on estimated amounts for the current fiscal year.
[37] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[38] Based on estimated amounts for the current fiscal year.
[39] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[40]  Acquired Fund Fees and Expenses (“AFFE”) are the indirect costs of investing in other investment companies. Total Annual Fund Operating Expenses do not correlate to the expense ratios in the Fund’s Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund and exclude AFFE. 
[41] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[42] Based on estimated amounts for the current fiscal year.
[43] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[44] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[45] The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”), a Tidal Financial Group company, will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), and litigation expenses and other non-routine or extraordinary expenses.
[46] Based on estimated amounts for the current fiscal year.