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 | 49.4 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 23.0 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 22.2 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 19.2 % |
| UNITED STATES TREASURY BILL 10/15/2026 | 14.0 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 11.5 % |
| MSTR US 07/17/26 C180 | 0.7 % |
| MSTR US 06/12/26 C144 | 0.4 % |
| STRATEGY CLL OPT 06/26 141 | 0.3 % |
| MSTR US 06/18/26 C180 | 0.3 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -24.7% | -79.3% | -63.0% | -- | -- | -- | -- | -49.7% |
| Dividend Yield | 29.9% | 29.1% | 61.9% | -- | -- | -- | -- | 79.5% |
| Total Returns | 5.2% | -50.2% | -1.1% | -- | -- | -- | -- | 29.9% | Ann. Volatility | 71.9% | 59.6% | 67.7% | -- | -- | -- | -- | 71.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.58 | 26% |
| MSCI EAFE | 1.34 | 12% |
| MSCI Emg Mkts | 1.22 | 17% |
Liquidity Measures
| Avg. volume (000) | 1,878 |
| ADV traded (mns) | $33 |
| Turnover | 3.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| 30d moving avg. (EMA) | $19.95 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -1.54/-1.16 |
| Bollinger Bands (Upper/Lower) | $24.79/$14.94 |
| Short interest (% of AUM) | 8.9% |
Distributions