Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
MSST · YieldMax MSTR Performance & Distribution Target 25 ETF
YieldMax · Income desk
Open the live card on ETFIQOver the period since launch on Nov 18, 2025 to Sep 4, 2026, MSST paid 12.5% of its starting value in cash distributions while its price fell 42.7%. With every distribution reinvested, the fund returned −30.5%. S&P 500 (SPY), used as a default proxy returned +17.6% over the same days, so a holder was behind by 48.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 22.9%, paid weekly. YieldMax estimates that 95% of the distribution paid Sep 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | synthetic covered call |
|---|---|
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) |
| Pays | weekly |
| Payout rate, annualised (ETFIQ) | 22.9% |
| Expense ratio (prospectus XBRL) | not published |
| Cash paid, trailing 12 months (ETFIQ) | 21.8% |
| Launched | Nov 18, 2025 |
| 3 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 5.4% / +7.2% / +14.1% / +4.7% / +9.4 pts |
| 6 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 11.1% / −12.9% / −1.3% / +15.2% / −16.5 pts |
| since launch: paid / price / total / SPY / ahead or behind (ETFIQ) | 12.5% / −42.7% / −30.5% / +17.6% / −48.1 pts |
| Return of capital, latest distribution (YieldMax 19a-1 estimate) | 94.5% |
Questions people ask
- How much has MSST paid over the last year?
- Over the period from its launch on Nov 18, 2025 to Sep 4, 2026, MSST paid 12.5% of its starting price in cash distributions, while the price fell 42.7%.
- Is MSST ahead of SPY?
- Over the period from its launch on Nov 18, 2025 to Sep 4, 2026, with every distribution reinvested, MSST returned −30.5% against +17.6% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 48.1 points.
- How often does MSST pay, and how much?
- MSST pays weekly. The latest distribution annualises to 22.9% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the MSST distribution return of capital?
- YieldMax estimates 95% of the distribution paid Sep 2, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<a href="https://etfiq.com/funds/MSST.html"><img src="https://etfiq.com/embed/income/MSST.svg" alt="MSST payout bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/MSST.html">MSST payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, MSST on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/MSST.html Free to use with attribution; the underlying files are at Open data.
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