MSR vs MTYY

MSRDGraniteShares Autocallable MSTR ETF

MTYYDGraniteShares YieldBOOST MSTR ETF

In short

MSR The MSTR income aisle is stacked with covered-call funds. MSR runs a different engine: a laddered book of autocallables, the structured-note payoff banks once sold to private clients, in an ETF that aims to pay coupon income monthly.

MTYY Most MSTR income funds write options on the stock. MTYY reaches one level higher, selling puts tied to a 2x leveraged MSTR ETF, so the premium it harvests is priced off doubled swings. Payouts monthly, risk to match.

Stated mandate

MSR The fund aims to generate monthly income by investing in a laddered portfolio of single-stock autocallable options linked to the performance of MicroStrategy Inc.

MTYY The fund seeks to generate income through options strategies, primarily by selling put options on leveraged ETFs tracking the 2x Long MSTR Daily ETF.

Why people hold it

• MSR Not another covered-call fund. MSR holds autocallables on MSTR: a coupon may be paid while the stock sits above its coupon barrier, and a position terminates early and is reinvested once it clears the autocall barrier.graniteshares.comglobenewswire.com
• Laddered, not one big bet. Exposure is spread across autocallables with different barrier levels, so a single breach does not decide the whole portfolio's income, and positions roll on an ongoing basis.graniteshares.comgraniteshares.com 2
• Structured-note mechanics without the structured-note friction: no six-figure minimum, no lockup, no bank paperwork. GraniteShares listed the first single-stock autocallable ETFs in the US in 2026, and MSR joined that suite in May.graniteshares.comglobenewswire.com

• MTYY The whole angle is leverage. It sells puts linked to a 2x long MSTR ETF, so the premium it collects is priced off double-amplified moves rather than MSTR's own.graniteshares.com
• Distributions run on a monthly cadence, so income arrives on a set calendar rather than in lumps.
• No MicroStrategy shares sit on the books. The exposure is built through options on a leveraged MSTR vehicle, an income route rather than a stock position.graniteshares.com

Worth knowing

• MSR Income here is contingent, not contractual. If MSTR sits below the coupon barrier on an observation date, that position pays nothing for the period, and the fund still carries equity-linked downside risk.graniteshares.comgraniteshares.com 2
• The payoff is coupons, not MSTR itself. Positions are called away above the autocall barrier and the cash rolls into a new autocallable, so a big run in the stock does not pass through the way ownership would.globenewswire.comgraniteshares.com
• Costs sit at the top of the MSTR income group: 1.07% a year, against 1.03% for MSTY and 0.99% for MSST. It is also a small, thinly traded fund with a short history, which can mean wider spreads.

• MTYY The 1.07% fee sits at the top of the MSTR options-income shelf, where WNTR and MSTY run near 1%.
• Put selling caps the upside at the premium collected while the downside tracks a 2x MSTR vehicle. A sharp drop can outrun the income the strategy generates.graniteshares.com
• Launched in September 2025, it remains a small, thinly traded fund, which typically shows up as wider spreads at the moment you trade.

Full MSR profile⁠

Full MTYY profile⁠