MSTT Fees and Costs — YieldMax MSTR Performance & Distribution Target 25 ETF
Data updated: 2026-10-09
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.2367% of average net assets.
MSTT Fees and Expenses
Annual operating expenses and sales charges of MSTT. Prospectus, as of October 10, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
MSTT Costs Over Time
On $10,000 invested in MSTT, assuming 5% a year before costs, total costs come to $764 over 5 years, cutting the return by 1.29% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.99%) | $104 | $324 | $560 |
| Trading costs (broker commissions) | $25 | $77 | $134 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $421 | $764 |
| Value after costs | $10,371 | $11,155 | $11,999 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
MSTT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2367%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): —
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.