YieldMax(TM) ETFs Announces Distributions on MSST, NVIT, and TEST

Executive Summary

• YieldMax® announced weekly distributions for three ETFs (MSST, NVIT, TEST) with an ex-date of June 30, 2026, and a payment date of July 1, 2026.
• The distributions are part of the "Performance & Distribution Target 25" series, targeting a 25% annual income level, though no guarantee of distribution is provided.
• The release includes specific distribution rates, per-share amounts, and risk disclosures regarding the variable nature of these payments and the underlying call-writing strategy.

Key Details

• MSST (YieldMax® MSTR Performance & Distribution Target 25 ETF):
  • Distribution Frequency: Weekly
  • Distribution per Share: $0.0937
  • Distribution Rate: 25.00%
  • 30-Day SEC Yield: 1.05%
  • Return of Capital (ROC): 0.00%
• NVIT (YieldMax® NVDA Performance & Distribution Target 25 ETF):
  • Distribution Frequency: Weekly
  • Distribution per Share: $0.2240
  • Distribution Rate: 25.00%
  • 30-Day SEC Yield: 1.76%
  • Return of Capital (ROC): 91.53%
• TEST (YieldMax® TSLA Performance & Distribution Target 25 ETF):
  • Distribution Frequency: Weekly
  • Distribution per Share: $0.2012
  • Distribution Rate: 25.00%
  • 30-Day SEC Yield: 2.22%
  • Return of Capital (ROC): 74.68%
• Dates:
  • Ex. & Record Date: June 30, 2026
  • Payment Date: July 1, 2026
• Strategy Context: The funds utilize a call writing strategy that caps potential gains if reference assets increase in value while subjecting investors to all potential losses if reference assets decrease.
• Risk Warning: Distributions are variable, may vary significantly, and may be zero. The 25% target is not a guarantee of yield or total return.

Notable Quotes

• "The Fund seeks to generate income with a 25% target annual income level."