MST was created on 2025-05-01 by Defiance. The fund's investment portfolio concentrates primarily on information technology equity. MST is an actively managed fund that provides 1.5x to 2x leveraged exposure to the daily share price movement of the MicroStrategy Incorporated (NYSE: MSTR), less fees and expenses. The fund uses credit call spreads to generate income. The fund seeks long-term capital appreciation while also aiming for regular cash distributions.