MSTY vs TSLY — income now or growth kept?

MSTY and TSLY use the same broad structure but reference different companies. MSTY sells options on a synthetic MSTR position, while TSLY runs a synthetic covered-call strategy on TSLA. In both cases the option overlay exchanges some upside participation for premium and leaves the fund exposed to declines in one stock. Their issuer-sourced prices were $13.22 for MSTY and $26.80 for TSLY as of July 15, 2026; those prices do not, by themselves, compare income or total return.

Both funds paid weekly and reported distribution rates far above their standardized income measures. MSTY's distribution rate was 81.30% and its SEC 30-day yield was 1.03%; TSLY's figures were 50.31% and 1.07%. A distribution rate annualizes a recent payout pace, whereas SEC yield measures net investment income under a standardized formula. Option premiums and amounts classified as return of capital can widen that gap, so neither rate is a forecast and the two measures are not interchangeable.

The latest 12 recurring payout events totaled $3.6339 per MSTY share and $3.8114 per TSLY share. MSTY's event average was $0.30283, within a $0.1549-to-$0.5553 range; TSLY averaged $0.31762, within a $0.2593-to-$0.5165 range. Compared with each fund's prior 12 events, MSTY's total declined 14.10%, while TSLY's increased 9.09%. Those event-window changes describe stored history only. They are not annual growth rates, and the funds' different share prices make raw per-share cash totals incomplete comparisons.

MSTY's expense ratio was 1.03%, versus 1.07% for TSLY. The trailing return-of-capital shares were 56% and 65%, respectively. Return of capital is a tax classification that generally reduces cost basis rather than representing additional investment income; issuer estimates can differ from final tax reporting, and the label alone does not establish whether a distribution preserved or eroded value. The central structural contrast is therefore MSTR-specific versus TSLA-specific exposure, with weekly cash, capped upside, and single-company downside present on both sides.

AI-assisted analysis · generated 2026-07-17 from each fund’s stored, issuer-sourced data · reviewed structure, not advice