# MSST (YieldMax MSTR Performance & Distribution Target 25 ETF)

YieldMax · Income ETFs · data as of Sep 11, 2026

Since its launch on Nov 18, 2025, MSST paid 12.8% in cash and still finished 52.7 points behind SPY.

## Key facts

- MSST, cash paid, since launch, on its starting price: 12.8%, as of Sep 11, 2026.
- MSST, total return, since launch: −35.9%, as of Sep 11, 2026.
- MSST, against SPY: −52.7 pts, as of Sep 11, 2026.
- MSST, return of capital, latest payout (YieldMax estimate): 93.4%, as of Sep 11, 2026.
- MSST, net assets: $3m (issuer page, as of Sep 11, 2026).
- MSST, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## MSST over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 5.2% | −3.8% | +2.4% | +3.3% | −0.9 pts |
| 6 months | 10.6% | −23.5% | −13.2% | +16.0% | −29.3 pts |
| Since launch | 12.8% | −47.5% | −35.9% | +16.8% | −52.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 27.3% | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Cash paid, last 12 months, over today’s price | 24.3% | ETFIQ |
| Launched | Nov 18, 2025 | ETFIQ |
| Return of capital, latest distribution | 93.4% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.1464 ex Sep 9, 2026 | ETFIQ |
| Sum of the last 12 distributions | $1.3856 | ETFIQ |

## Questions

### How much has MSST paid over the last year?

Over the period from its launch on Nov 18, 2025 to Sep 11, 2026, MSST paid 12.8% of its starting price in cash distributions, while the price fell 47.5%.

### Is MSST ahead of SPY?

Over the period from its launch on Nov 18, 2025 to Sep 11, 2026, with every distribution reinvested, MSST returned −35.9% against +16.8% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 52.7 points.

### How often does MSST pay, and how much?

MSST pays weekly. The latest distribution annualizes to 27.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ.

### Is the MSST distribution return of capital?

YieldMax estimates 93% of the distribution paid Sep 10, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

### When does MSST next pay a distribution?

MSST pays weekly. The last distribution went ex on Sep 9, 2026 at $0.1464 a share. The issuer has set the next ex-date at Sep 15, 2026 but not the amount.


## Cite this page

ETFIQ, MSST, data as of Sep 11, 2026. https://etfiq.com/funds/msst
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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