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ETF Nasdaq USD

Defiance Leveraged Long + Income MSTR ETF MST

Issuer: Defiance SEC registrant: Tidal Trust II Derivatives-based
Watch MST (sign in) Add to portfolio (MST) Set an alert for MST Compare MST with other ETFs Position size calculator for MST at 12.53 USD

How position sizing works
Last price 12.53 USD Change: Up +1.17 Percent change: Up +10.30%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Net expense ratio
1.31%
Prospectus 21 Mar 2025
Net assets
$11.7M
As of 30 Jun 2026
Holdings
12
As of 30 Jun 2026
12-month distribution yield
0.76%
Weekly
Asset class
Derivatives-based
From holdings

Defiance Leveraged Long + Income MSTR ETF (MST) is an exchange-traded fund listed on the Nasdaq in the United States, issued by Defiance. Its category is Derivatives-based. Its last price was US$12.53 on 20 Oct 2026. Its net expense ratio is 1.31% a year, from its prospectus dated 21 Mar 2025. It reported net assets of US$11.67 million as of 30 Jun 2026. Its latest holdings report lists 12 holdings as of 30 Jun 2026. Over the last 12 months it paid distributions of US$0.0950 a unit, a 12-month distribution yield of 0.76%, paid weekly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
1.42%
Net, after fee waivers or reimbursements
1.31%
Management fee
1.29%
Prospectus date
21 Mar 2025
Filed with the SEC
30 Apr 2025

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$11,671,443
Total assets
$12,022,648
Holdings as of
30 Jun 2026
Report made public
28 Aug 2026 (59 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 12 of 12 positions, as of 30 Jun 2026. Weight is the percent of net assets the fund reported.

MST top holdings as of 30 Jun 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 TREASURY BILL United States Treasury Bill US912797TP29 21.37% $2.5M Debt United States USD
2 MSTR US 07/02/26 C50 No identifier reported 19.03% $2.2M Equity derivatives United States USD
3 TREASURY BILL United States Treasury Bill US912797RF64 10.27% $1.2M Debt United States USD
4 First American Government Obli First American Government Obligations Fund US31846V3362 8.67% $1.0M Short-term investment vehicles (cash funds) United States USD
5 MSTR US 07/02/26 C88 No identifier reported -2.77% -$323K Equity derivatives United States USD
6 STRATEGY INC SWAP MAREX No identifier reported 2.14% $250K Equity derivatives United States USD
7 STRATEGY INC SWAP CS No identifier reported 2.07% $241K Equity derivatives United States USD
8 MSTR US 07/02/26 C94 No identifier reported 0.85% $99K Equity derivatives United States USD
9 BNY Dreyfus Government Cash Ma BNY Dreyfus Government Cash Management US2620062081 0.64% $74K Short-term investment vehicles (cash funds) United States USD
10 MSTR US 07/02/26 C93 No identifier reported -0.08% -$9K Equity derivatives United States USD
11 STRATEGY INC SWAP CANTOR No identifier reported -0.07% -$8K Equity derivatives United States USD
12 MSTR US 07/02/26 C99 No identifier reported 0.02% $3K Equity derivatives United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 30 Jun 2026

All 12 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Warning: Uses derivatives

Derivative contracts in this report have a combined notional amount of 166% of net assets. The weights here show each contract's reported value, not the exposure it creates.

Asset type

Asset type by weight
TypeWeightBar
Debt 31.65%
Equity derivatives 21.20%
Short-term investment vehicles (cash funds) 9.31%

Country

Country by weight
CountryWeightBar
United States 62.15%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 62.15%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

No sector data

None of this fund's holdings matched a stock listed on this site, so no sector is shown.

Partial coverage: sectors are known for 0.0% of net assets, the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$0.0950
1 payment per unit
12-month yield
0.76%
Distributions only, not total return
Frequency
Weekly
From the gaps between ex-dates
Latest ex-date
14 Oct 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($0.0950) ÷ latest price ($12.53) × 100 = 0.76%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (18 payments)
MST distributions per unit by ex-date
Ex-dateAmount per unit
14 Oct 2026$0.0950
17 Sep 2025$4.1160
10 Sep 2025$4.1160
3 Sep 2025$4.3960
27 Aug 2025$5.1800
20 Aug 2025$5.1800
13 Aug 2025$6.1040
6 Aug 2025$5.2640
30 Jul 2025$5.9640
23 Jul 2025$6.1600
16 Jul 2025$9.8280
9 Jul 2025$7.6160
2 Jul 2025$8.0080
25 Jun 2025$5.8240
18 Jun 2025$7.6160
11 Jun 2025$8.0080
4 Jun 2025$7.4480
28 May 2025$7.4200

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

Compare with

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How ETF overlap is measured, with a worked example

IMPORTANT FINANCIAL DISCLAIMER: The information provided on this platform is for educational and informational purposes only and should not be construed as investment advice. All investments involve risk, including potential loss of principal. Past performance does not guarantee future results. Take Profits is not a registered investment advisor and does not provide personalized investment advice. Users should conduct their own research and consult with qualified financial professionals before making investment decisions. Market data may be delayed and is provided by third-party sources.

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