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

5.4 B

ASSETS UNDER MGMT

99 bp

EXPENSES
Fund Basics
Fund sponsorTidal
CategoryRisk Management
Asset classDerivatives
Websitelink...
Inception dateFeb 21, 2024
Assets (mns)$5,412
Expense ratio99 bp
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Derivatives-basedYes
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top Holdings
CASH & OTHER 29.9 %
UNITED STATES TREASURY NOTE/BOND 3.875% 01/15 22.6 %
UNITED STATES TREASURY NOTE/BOND 4.25% 10/15/ 12.2 %
UNITED STATES TREASURY BILL 08/14/2025 11.4 %
UNITED STATES TREASURY BILL 11/06/2025 8.4 %
UNITED STATES TREASURY NOTE/BOND 3% 07/15/202 7.3 %
MSTR US 09/19/25 C390 5.2 %
MSTR US 07/18/25 C370 4.5 %
UNITED STATES TREASURY BILL 02/19/2026 3.2 %
MSTR US 09/19/25 C385 1.7 %
Asset Allocation
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -15.7% -23.3% -- -- -- -- -- 3.4%
Dividend Yield 49.1% 146.0% -- -- -- -- -- 176.1%
Total Returns 33.4% 122.7% -- -- -- -- -- 179.5%
Ann. Volatility 72.2% 73.2% -- -- -- -- -- 77.4%
Market Correlations
versus...BetaR-squared
S&P 5002.038%
MSCI EAFE1.827%
MSCI Emg Mkts2.798%
Liquidity Measures
Avg. volume (000)9,591
ADV traded (mns)$205
Turnover3.8%
Avg. Bid/Ask (% of price)0.05%
Technical Indicators
Recent close$21.39
30d moving avg.$18.72
Annualized volatility88.0%
Relative strength (RSI)61
Short interest17.6%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Expense Analysis

Peer Group Active
Risk Management Derivatives ETFs
# of ETFs 109
Avg. Expense Ratio 85.0 bp
Std. Deviation 17 bp
MSTY (99 bp) Percentile rank 59
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MSTY 99.0 4.6 103.6
Peer Avg. 94.4 35.8 130.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .