{
 "ticker": "MSFY",
 "name": "Kurv Yield Premium Strategy Microsoft (MSFT) ETF",
 "issuer": "Kurv",
 "desk": "income",
 "url": "https://etfiq.com/funds/msfy",
 "html": "https://etfiq.com/funds/msfy",
 "markdown": "https://etfiq.com/funds/msfy.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, MSFY paid 17.0% in cash and still finished 6.6 points behind MSFT.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "17.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFY, cash paid, 1 year, on its starting price: 17.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22126.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFY, total return, 1 year: \u22126.9%, as of Sep 11, 2026."
  },
  {
   "key": "against_msft",
   "label": "Against MSFT",
   "value": "\u22126.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFY, against MSFT: \u22126.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (Kurv estimate)",
   "value": "83.0%",
   "source": "Kurv estimate",
   "as_of": "2026-09-11",
   "sentence": "MSFY, return of capital, latest payout (Kurv estimate): 83.0%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "MSFY, net assets: $12m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MSFY, expense ratio: not read by ETFIQ, as of Sep 11, 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": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "11.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "22.4%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Nov 6, 2023",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "83.0%",
   "source": "Kurv 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "28 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.2 ex Sep 9, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$4.5",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "3.5%",
   "Price": "+16.7%",
   "Total return": "+20.4%",
   "MSFT": "+27.1%",
   "Ahead or behind": "\u22126.7 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "6.5%",
   "Price": "+9.5%",
   "Total return": "+16.7%",
   "MSFT": "+25.8%",
   "Ahead or behind": "\u22129.1 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "17.0%",
   "Price": "\u221224.1%",
   "Total return": "\u22126.9%",
   "MSFT": "\u22120.3%",
   "Ahead or behind": "\u22126.6 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "42.1%",
   "Price": "\u221222.7%",
   "Total return": "+21.2%",
   "MSFT": "+42.3%",
   "Ahead or behind": "\u221221.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has MSFY paid over the last year?",
   "a": "Over the year to Sep 11, 2026, MSFY paid 17.0% of its starting price in cash distributions, while the price fell 24.1%."
  },
  {
   "q": "Is MSFY ahead of MSFT?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, MSFY returned \u22126.9% against \u22120.3% for Microsoft (MSFT), so a holder was behind it by 6.6 points."
  },
  {
   "q": "How often does MSFY pay, and how much?",
   "a": "MSFY pays monthly. The latest distribution annualizes to 11.9% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the MSFY distribution return of capital?",
   "a": "Kurv estimates 83% of the distribution paid Aug 13, 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 MSFY next pay a distribution?",
   "a": "MSFY pays monthly. The last distribution went ex on Sep 9, 2026 at $0.2 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 7, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}