YieldMax MSTR Performance & Distribution Target 25 ETF

Frequently Asked Questions About MSST

What does MSST invest in?

This fund is structured to offer synthetic, or indirect, exposure to the price movements of MSTR's common stock, rather than owning the shares directly. Additionally, it seeks to generate income by employing a strategy that involves actively trading options contracts based on the underlying MSTR security. It is important to note that this fund maintains a non-diversified investment approach.

What is the expense ratio of MSST?

YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

What is MSST's distribution yield?

MSST's trailing-twelve-month yield is 22.51%, calculated from the sum of distributions over the past year divided by the current price.

How does MSST's covered-call strategy work?

MSST sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is MSST?

YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) manages $2.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MSST actively managed or an index fund?

MSST's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.