Defiance Leveraged Long Income MSTR ETF (MST)

Assets	$27.76M
Expense Ratio	1.31%
PE Ratio	n/a
Shares Out	971,400
Dividend (ttm)	$154.55
Dividend Yield	583.63%
Ex-Dividend Date	May 20, 2026
Payout Frequency	Weekly
Payout Ratio	n/a

Volume	88,481
Open	27.88
Previous Close	28.21
Day's Range	26.38 - 28.38
52-Week Low	16.59
52-Week High	645.40
Beta	n/a
Holdings	14
Inception Date	May 1, 2025

About MST

Fund Home Page

The Defiance Leveraged Long Income MSTR ETF (MST) is an exchange-traded fund that mostly invests in information technology equity. The fund is an actively managed fund that provides 1.5x to 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. The fund uses credit call spreads to generate income MST was launched on May 1, 2025 and is issued by Defiance.

• Asset Class: Equity
• Category: Trading--Miscellaneous
• Stock Exchange: NASDAQ
• Ticker Symbol: MST
• ETF Provider: Defiance

Top 10 Holdings

220.09% of assets

Name	Symbol	Weight
STRATEGY INC SWAP CS	n/a	51.76%
STRATEGY INC SWAP CANTOR	n/a	51.62%
STRATEGY INC SWAP MAREX	n/a	51.33%
MSTR US 05/15/26 C125	n/a	24.74%
US DOLLARS	n/a	22.40%
United States Treasury Bills 0%	B.0 05.21.26	6.86%
First American Government Obligations Fund	FGXXX	5.96%
United States Treasury Bills 0%	B.0 07.09.26	3.43%
MSTR US 05/15/26 C197.5	n/a	1.91%
MSTR US 05/15/26 C202.5	n/a	0.07%

Dividend History

Ex-Dividend	Amount	Pay Date
May 20, 2026	$0.2412	May 21, 2026
May 13, 2026	$0.3205	May 14, 2026
May 6, 2026	$0.2959	May 7, 2026
Apr 29, 2026	$0.2754	Apr 30, 2026
Apr 22, 2026	$0.2288	Apr 23, 2026
Apr 15, 2026	$0.1784	Apr 16, 2026

Performance

MST had a total return of -89.75% in the past year, including dividends. Since the fund's inception, the average annual return has been -88.35%.