MST ETF

MST ETF
$11.93
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Fund Essentials - as of Sep 1, 2026

Net Assets
$21M
Expense Ratio
1.91%
Dividend Yield (Current)
196.33%
Holdings
26
Inception Date
May 1, 2025
Fund Family
Defiance ETFs, LLC
Investment Style
PRO
Asset Class
PRO
Legal Structure
PRO
Dividend Frequency
Monthly
SEC 30-Day Yield
PRO

Performance

YTD-72.60%
1 Year-96.22%

Asset Allocation

Bonds: 13.45%
Other: 176.82%
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Top Holdings

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TickerNameWeight
-Strategy Inc Swap Cantor57.02%
-Strategy Inc Swap Cs54.65%
-Strategy Inc Swap Marex52.68%
-Mstr Us 09/04/26 C7514.76%
-United States Treasury Bills, 3.615%, 11/19/202611.36%
Top 10 Concentration: 99.94%Report Date: Sep 1, 2026
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Dividend Summary

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Dividend Yield (Current)
196.33%
Frequency
Monthly
Latest Distribution
$0.11
Sep 9, 2026
12M Distributions
50 payments
Total: $6.51

Peer Comparison

Benchmark
PRO
Peer outperformance: PRO
Category rank: PRO
This ETF
PRO
Peer Avg
PRO

MST ETF Overview

MST ETF (Defiance Leveraged Long + Income MSTR ETF) is managed by Defiance ETFs, LLC with $21.1M in net assets. MST expense ratio is 1.91%, holding 26 positions across sectors including Financials. Inception date: 2025-05-01.

MST performance shows a YTD return of -72.60%. The 1-year return is -96.22%. MST dividend yield stands at 196.33%, paid monthly.

MST top holdings include Strategy Inc Swap Cantor (57.0%), Strategy Inc Swap Cs (54.6%), Strategy Inc Swap Marex (52.7%), Mstr Us 09/04/26 C75 (14.8%), United States Treasury Bills, 3.615%, 11/19/2026 (11.4%). Go to all MST holdings, MST sectors, or MST dividends.

MST can be compared against other funds. Use MST overlap to find shared positions, or MST vs another fund for a side-by-side view. MST alternatives are available via the screener, along with tax-loss harvesting opportunities.

1 Month
+14.95%
YTD
-72.60%
1 Year
-96.22%
3 Year
N/A

Top 10 Holdings (net long exposure of 184% (≈2x))

#TickerNameSectorWeight
1-Strategy Inc Swap CantorOther57.02%
2-Strategy Inc Swap CsOther54.65%
3-Strategy Inc Swap MarexOther52.68%
4-Mstr Us 09/04/26 C75Other14.76%
5-United States Treasury Bills, 3.615%, 11/19/2026Other11.36%
6FGXXXFirst American Government Obligations FundFinancials7.77%
7-Mstr Us 09/04/26 C137Other2.16%
8-United States Treasury Bill 02/18/2027Other2.08%
9-Mstr Us 09/04/26 C130Other-4.56%
10-Cash & OtherOther-97.98%