YieldMax MSTR Performance & Distribution Target 25 ETF
MSST
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Nov 18, 2025
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) is an actively managed exchange-traded fund that seeks to deliver weekly income while pursuing capital appreciation through synthetic exposure to Marathon Digital Holdings, Inc. (MSTR). The fund combines long exposure to the underlying security with option-writing strategies designed to generate option-premium income, targeting an annualized distribution level of 25% by primarily selling call options while hedging with selective spreads and maintaining liquidity through allocations to cash, money market instruments, or U.S. Treasuries. MSST employs weekly distributions with the objective of providing predictable income streams alongside potential upside participation in MSTR’s stock performance, subject to market conditions and the fund’s risk framework. Founding details and structure MSST launches as part of YieldMax’s range of Performance and Distribution Target 25 ETFs, with inception to provide growth-oriented exposure paired with income generation. The fund structure is designed to offer a diversified approach to managing NAV drift by combining synthetic long exposure to the reference stock with strategically positioned option strategies. The issuer positions the fund within the equity category, focusing on technology and software-related exposure through MSTR, while employing a disciplined liquidity framework to collateralize derivatives and support ongoing distributions. Products and services - Core investment strategy: synthetic long exposure to MSTR; option-writing programs including covered calls and short puts; distribution generation via option premiums; liquidity management using cash, money market funds, and U.S. Treasuries. - Income mechanics: weekly distributions targeted at 25% annualized level; first distributions anticipated after launch with ongoing cadence. - Portfolio management: active governance of exposure, premiums, and risk controls; ongoing monitoring of NAV and market conditions to balance growth with income. - Holdings and composition: a limited number of holdings focused on the underlying reference stock with a defined allocation to cash or cash-like assets to support derivative positions. Geographic and market scope MSST provides exposure to the U.S. equity market through the underlying reference stock, with distribution strategies executed on a weekly basis. The fund operates within the jurisdiction of U.S. securities markets and adheres to corresponding regulatory and tax considerations for U.S.-listed ETFs. Founding year and headquarters MSST is part of YieldMax’s fund family, introduced in 2025, with the issuer operating from a U.S. regulatory framework and aligning its product design with U.S. investor access and distribution standards. Subsidiaries and parent relationship MSST is issued by YieldMax, forming part of a specialized family of ETFs focused on growth plus income strategies and leveraging option-based income generation. The fund maintains its own distinct ticker and daily NAV, while benefiting from YieldMax’s broader product platform and distribution capabilities. Industry and target markets - Industry: Exchange-traded funds; structured income and equity exposure strategies. - Segments: Growth-focused investors seeking liquidity-driven income; institutions and advisors seeking diversified ETF solutions with built-in distribution potential. Customer types - Individual and institutional investors seeking combined growth potential and regular income via a single ETF vehicle. - Financial advisors and wealth management platforms incorporating income-generating equity strategies into client portfolios. Recent major changes and developments - Launch of the YieldMax Performance & Distribution Target 25 ETF family, including MSST, as part of an initiative to provide growth-oriented income strategies via synthetic equity exposure and option-based income generation. - Introduction of weekly income distributions under the Target 25 framework, with initial distribution expectations aligned to a 25% annualized target and ongoing cadence thereafter. - Strategic emphasis on risk-managed exposure, liquidity provision through cash and short-duration instruments, and active derivatives management to sustain distributions while participating in MSTR’s upside. Notes - MSST aims to deliver a blend of income and capital appreciation through a disciplined, rules-informed approach to option strategies and synthetic exposure to MSTR. - Investors should consider the fund’s exposure profile, distribution policy, and liquidity framework when evaluating suitability within a diversified portfolio.