■ Announcement · July 17, 2026
YieldMax Announces Distributions for MSST, NVIT, and TEST ETFs
YieldMax declared distributions for three ETFs with a 25% target annual income level. Ex-dividend date is July 14, 2026.
Distribution Details
YieldMax has announced distributions for three of its Performance & Distribution Target 25 ETFs: MSST, NVIT, and TEST. The ex-dividend and record date is July 14, 2026, with payment on July 15, 2026. The funds aim to generate income with a 25% target annual income level, but distributions are variable and not guaranteed.
The distribution rates shown are as of July 10, 2026. These rates are calculated by annualizing the most recent distribution per share and dividing by the fund's NAV. Distributions may include ordinary dividends, capital gains, or return of capital, which can reduce NAV over time.
Key Metrics and Risks
The 30-Day SEC Yield as of June 30, 2026, represents net investment income excluding option income. The return of capital (ROC) percentage indicates how much of the distribution may be a return of the investor's initial investment. Actual tax treatment will be reported on Form 1099-DIV.
Each fund's strategy caps potential gains if the reference asset rises but subjects investors to all losses if it falls. The call writing strategy creates path dependency, affecting participation in positive returns. Counterparty and derivatives risks also apply.
What it means for income investors
These distributions provide current income but come with significant risks, including potential loss of principal. The 25% target is not a guarantee, and past performance does not predict future results.
Reporting based on: markets.businessinsider.com. Figures verified against market data where available.