Expense Ratio History

FBY expense ratio history

YieldMax(R) META Option Income Strategy ETF

Fund company
Tidal
Type
ETF

1.06%

In basis points
106 basis points
Yearly cost per $10,000
$106
Prospectus dated
2 March 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.99% on 28 February 2025

Fee over time

FBY expense ratio: 0.99% until 28 Feb 2025, then 1.06%; read at 1.06% on 2 Mar 2026.0.00%0.50%1.00%1.50%Nov 2022Jun 2023Jan 2024Aug 2024Mar 2025Oct 20250.99% before1.06% from 28 Feb 2025
FBY expense ratio: 0.99% until 28 Feb 2025, then 1.06%; read at 1.06% on 2 Mar 2026.0.00%0.50%1.00%1.50%Nov 2022Jan 2024Mar 20250.99% before1.06% from 28 Feb 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
2 Mar 2026 1.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025 1.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025 1.06% Raised from 0.99% to 1.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-25
28 Feb 2024 0.99% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
21 Nov 2022 0.99% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-11-21 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.06% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,299 in fees over 10 years

After fees, $10,000 grows to $14,680.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$109
3 years$339
5 years$587
10 years$1,299

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 4 prospectuses for this share class since 2022. Each one is listed above with a link to the filing.

How we read fees

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