# MSFO (YieldMax(R) MSFT Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 11, 2026

Over the year to Sep 11, 2026, MSFO paid 28.6% in cash and finished 1.8 points ahead of MSFT.

## Key facts

- MSFO, cash paid, 1 year, on its starting price: 28.6%, as of Sep 11, 2026.
- MSFO, total return, 1 year: +1.5%, as of Sep 11, 2026.
- MSFO, against MSFT: +1.8 pts, as of Sep 11, 2026.
- MSFO, return of capital, latest payout (YieldMax estimate): 91.7%, as of Sep 11, 2026.
- MSFO, net assets: $105m (issuer page, as of Sep 11, 2026).
- MSFO, expense ratio: 1.03% (485BPOS XBRL, Feb 24, 2026).

## MSFO over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | MSFT | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 11.8% | +10.1% | +22.9% | +27.1% | −4.2 pts |
| 6 months | 21.0% | −2.4% | +21.4% | +25.8% | −4.5 pts |
| 1 year | 28.6% | −29.8% | +1.5% | −0.3% | +1.8 pts |
| 3 years | 79.0% | −41.6% | +50.9% | +52.9% | −1.9 pts |
| Since launch | 81.3% | −39.9% | +55.4% | +57.0% | −1.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | Microsoft (MSFT) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $105m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 26.1% | ETFIQ |
| Expense ratio | 1.03% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 40.8% | ETFIQ |
| Launched | Aug 25, 2023 | ETFIQ |
| Return of capital, latest distribution | 91.7% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.0608 ex Sep 10, 2026 | ETFIQ |
| Sum of the last 12 distributions | $1.2469 | ETFIQ |

## Questions

### How much has MSFO paid over the last year?

Over the year to Sep 11, 2026, MSFO paid 28.6% of its starting price in cash distributions, while the price fell 29.8%.

### Is MSFO ahead of MSFT?

Over the year to Sep 11, 2026, with every distribution reinvested, MSFO returned +1.5% against −0.3% for Microsoft (MSFT), so a holder was ahead of it by 1.8 points.

### How often does MSFO pay, and how much?

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.

### Is the MSFO distribution return of capital?

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.

### When does MSFO next pay a distribution?

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.

### What does MSFO cost?

The prospectus expense ratio is 1.03% a year.


## Cite this page

ETFIQ, MSFO, data as of Sep 11, 2026. https://etfiq.com/funds/msfo
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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