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.
Option Income
DERIVATIVES
Active
MANAGEMENT STYLE
$ 724.4 M
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 | 27.0 % |
| UNITED STATES TREASURY BILL 10/15/2026 | 19.1 % |
| UNITED STATES TREASURY BILL 02/18/2027 | 16.5 % |
| UNITED STATES TREASURY NOTE/BOND 2.375% 05/15 | 13.6 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 12.6 % |
| UNITED STATES TREASURY BILL 12/10/2026 | 9.5 % |
| MSTR US 08/21/26 C95 | 4.7 % |
| MSTR US 09/18/26 C100 | 4.1 % |
| MSTR US 08/14/26 C107 | 0.4 % |
| MSTR US 08/14/26 C106 | 0.3 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -58.2% | -87.3% | -71.0% | -- | -- | -- | -- | -58.5% |
| Dividend Yield | 24.9% | 16.3% | 46.7% | -- | -- | -- | -- | 64.3% |
| Total Returns | -33.3% | -71.0% | -24.4% | -- | -- | -- | -- | 5.8% | Ann. Volatility | 72.8% | 65.4% | 69.7% | -- | -- | -- | -- | 71.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.64 | 27% |
| MSCI EAFE | 1.61 | 15% |
| MSCI Emg Mkts | 1.00 | 14% |
Liquidity Measures
| Avg. volume (000) | 1,131 |
| ADV traded (mns) | $13 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $13.11 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.42/-0.59 |
| Bollinger Bands (Upper/Lower) | $13.05/$11.83 |
| Short interest (% of AUM) | 6.1% |
Distributions