{
 "ticker": "MSFO",
 "name": "YieldMax(R) MSFT Option Income Strategy ETF",
 "issuer": "YieldMax",
 "desk": "income",
 "url": "https://etfiq.com/funds/msfo",
 "html": "https://etfiq.com/funds/msfo",
 "markdown": "https://etfiq.com/funds/msfo.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, MSFO paid 28.6% in cash and finished 1.8 points ahead of MSFT.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "28.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFO, cash paid, 1 year, on its starting price: 28.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+1.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFO, total return, 1 year: +1.5%, as of Sep 11, 2026."
  },
  {
   "key": "against_msft",
   "label": "Against MSFT",
   "value": "+1.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFO, against MSFT: +1.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (YieldMax estimate)",
   "value": "91.7%",
   "source": "YieldMax estimate",
   "as_of": "2026-09-11",
   "sentence": "MSFO, return of capital, latest payout (YieldMax estimate): 91.7%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$105m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "MSFO, net assets: $105m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-11",
   "sentence": "MSFO, expense ratio: 1.03% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "synthetic covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Microsoft (MSFT)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$105m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "26.1%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 24, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "40.8%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 25, 2023",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "91.7%",
   "source": "YieldMax 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.0608 ex Sep 10, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$1.2469",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "11.8%",
   "Price": "+10.1%",
   "Total return": "+22.9%",
   "MSFT": "+27.1%",
   "Ahead or behind": "\u22124.2 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "21.0%",
   "Price": "\u22122.4%",
   "Total return": "+21.4%",
   "MSFT": "+25.8%",
   "Ahead or behind": "\u22124.5 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "28.6%",
   "Price": "\u221229.8%",
   "Total return": "+1.5%",
   "MSFT": "\u22120.3%",
   "Ahead or behind": "+1.8 pts"
  },
  {
   "window": "3 years",
   "Cash paid": "79.0%",
   "Price": "\u221241.6%",
   "Total return": "+50.9%",
   "MSFT": "+52.9%",
   "Ahead or behind": "\u22121.9 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "81.3%",
   "Price": "\u221239.9%",
   "Total return": "+55.4%",
   "MSFT": "+57.0%",
   "Ahead or behind": "\u22121.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has MSFO paid over the last year?",
   "a": "Over the year to Sep 11, 2026, MSFO paid 28.6% of its starting price in cash distributions, while the price fell 29.8%."
  },
  {
   "q": "Is MSFO ahead of MSFT?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, MSFO returned +1.5% against \u22120.3% for Microsoft (MSFT), so a holder was ahead of it by 1.8 points."
  },
  {
   "q": "How often does MSFO pay, and how much?",
   "a": "MSFO pays weekly. The latest distribution annualizes to 26.1% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the MSFO distribution return of capital?",
   "a": "YieldMax estimates 92% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "When does MSFO next pay a distribution?",
   "a": "MSFO pays weekly. The last distribution went ex on Sep 10, 2026 at $0.0608 a share. The issuer has set the next ex-date at Sep 17, 2026 but not the amount."
  },
  {
   "q": "What does MSFO cost?",
   "a": "The prospectus expense ratio is 1.03% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}