MSTY
YieldMax MSTR Option Income Strategy ETF
MSTY seeks to provide current income and capped gains on MSTR stock through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 1.0 B
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Feb 21, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CASH & OTHER | 46.1 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 15.6 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 14.8 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 10.9 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 8.4 % |
| MSTR US 05/15/26 C140 | 3.4 % |
| UNITED STATES TREASURY BILL 04/09/2026 | 3.0 % |
| UNITED STATES TREASURY BILL 05/12/2026 | 3.0 % |
| MSTR US 04/17/26 C135 | 2.4 % |
| MSTR US 04/17/26 C130 | 2.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -22.1% | -77.1% | -57.2% | -- | -- | -- | -- | -53.0% |
| Dividend Yield | 10.0% | 33.5% | 70.0% | -- | -- | -- | -- | 75.7% |
| Total Returns | -12.1% | -43.6% | 12.8% | -- | -- | -- | -- | 22.7% | Ann. Volatility | 92.9% | 68.0% | 73.6% | -- | -- | -- | -- | 73.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.94 | 30% |
| MSCI EAFE | 1.89 | 21% |
| MSCI Emg Mkts | 1.92 | 26% |
Liquidity Measures
| Avg. volume (000) | 917 |
| ADV traded (mns) | $20 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $22.87 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.07/0.04 |
| Bollinger Bands (Upper/Lower) | $24.33/$21.57 |
| Short interest (% of AUM) | 8.9% |
Distributions