# MST (Defiance Leveraged Long + Income MSTR ETF)

Defiance · Leveraged ETFs · data as of Nov 12, 2026

Promise check: Not measured. It has no three-month number against its daily multiple. https://etfiq.com/promise-index/leverage/

MST returned 0.3% over the three months to Nov 12, 2026.

## Key facts

- MST, what the fund returned: +0.3%, as of Nov 12, 2026.
- MST, how much it moved, annualized: 156%, as of Nov 12, 2026.
- MST, 12-month yield, special payments left out, on its starting price: 16.0%, as of Nov 12, 2026.
- MST, 12-month cash paid, including specials, on its starting price: 20.0%, as of Nov 12, 2026.
- MST, last payment (paid weekly), ex-date Nov 10, 2026: $0.0777, as of Nov 10, 2026.
- MST, net assets: $18m (the issuer’s own daily fund list, as of Nov 11, 2026).
- MST, expense ratio: 1.91% (485BPOS XBRL, Jul 27, 2026).

## MST over each window to Nov 12, 2026

| Window | Total return | The fund moved about, annualized |
| --- | --- | --- |
| 1 month | −45.1% | 143% |
| 3 months | +0.3% | 156% |
| 6 months | −73.3% | 146% |
| Year to date | −70.1% | 150% |
| 1 year | −85.9% | 146% |

## MST key stats

- 52-week high, daily closes to Nov 12, 2026: $89.04 on Nov 13, 2025 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Nov 12, 2026: $6.59 on Jun 26, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 12, 2026, within that range: $7.63, 1% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)

## MST trading

- Not scored.
- Premium to NAV at the Nov 11 close: +0.12%; 95% of days within ±0.52%.
- The full trading page: https://etfiq.com/funds/mst/trading/

## MST for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- MST interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Holds | 150% to 200% of net assets in MSTR | ETFIQ |
| Stated multiple | not measured: no single stated multiple | ETFIQ |
| Underlying | MicroStrategy | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $18m | the issuer’s own daily fund list, as of Nov 11, 2026 |
| Expense ratio | 1.91% | 485BPOS XBRL, Jul 27, 2026 |
| First traded | May 2, 2025 | ETFIQ |
| Promise check | Not measured. It has no three-month number against its daily multiple. | ETFIQ |

## Money in and out, to Nov 11, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Nov 11, 2026 | $0 |

Daily counts start Nov 9, 2026, so these windows have no daily data: 1 week, 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: <https://etfiq.com/data/flows/funds/mst.json>. Method: https://etfiq.com/methodology/flows

## Questions

### What does MST hold?

MST holds 150% to 200% of net assets in MSTR, rebuilt each day, as its prospectus states it.

### Does MST state one multiple?

No. Its prospectus states 150% to 200% of net assets in MSTR.


## Cite this page

ETFIQ, MST, leveraged ETFs, data as of Nov 12, 2026. https://etfiq.com/funds/mst
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

HTML: https://etfiq.com/funds/mst  ·  JSON: https://etfiq.com/funds/mst.json