MSST – YieldMax MSTR Perf & Dis Trgt 25 ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income; the fund’s secondary investment objective is to seek indirect exposure to the share price of MicroStrategy Incorporated, which is generally subject to a limit on potential investment gains. The fund’s strategy involves providing indirect (synthetic) exposure to the share price (i.e., the price returns) of the common stock of MSTR; and generating income through an options portfolio, which involve using options contracts on the underlying security. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MSST	YieldMax MSTR Performance & Distribution Target 25 ETF	ETF	Open	—	—	Nov 17, 2025	$4.84M	0.990%	—	—	—

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