Expense Ratio History

MSTX expense ratio history

Defiance Daily Target 2X Long MSTR ETF

Fund company
Tidal
Type
ETF

1.31%

In basis points
131 basis points
Yearly cost per $10,000
$131
Prospectus dated
29 August 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.29% on 29 August 2025

Fee over time

MSTX expense ratio: 1.29% until 29 Aug 2025, then 1.31%; read at 1.31% on 29 Aug 2025.0.00%0.50%1.00%1.50%2.00%Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 20251.29% before1.31% from 29 Aug 2025
MSTX expense ratio: 1.29% until 29 Aug 2025, then 1.31%; read at 1.31% on 29 Aug 2025.0.00%0.50%1.00%1.50%2.00%Jun 2024Dec 2024Jun 20251.29% before1.31% from 29 Aug 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
29 Aug 2025 1.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2025 1.31% Raised from 1.29% to 1.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-08-26
30 Oct 2024 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-10-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
20 Aug 2024 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-08-20 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
4 Jun 2024 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-06-04 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.31% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,587 in fees over 10 years

After fees, $10,000 grows to $14,322.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$134
3 years$418
5 years$722
10 years$1,587

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 4 prospectuses for this share class since 2024. Each one is listed above with a link to the filing.

How we read fees

More Tidal funds

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