Kurv Yield Premium Strategy Microsoft (MSFT) ETF
$20.62+0.56 (+2.79%)
- Expense ratio
- 1.15%
- Fund size
- $12M
- 1Y return
- −9.5%
- Yield · Last 12 months
- 22.58%
- Volume · 30D
- 0M sh
- NAV per share
- $20.16
- 52W range
The ETF.net MSFY Grade
Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 11Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 57Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on MSFY
DA one-stock income play: MSFY builds its Microsoft exposure out of options rather than shares, sells calls against it, and pays monthly. The trade is part of Microsoft's upside for the premium.
The Fund seeks current income while providing exposure to Microsoft Corporation’s common-stock returns, subject to limited upside participation. It uses options-based strategies, including a synthetic covered-call strategy, to generate income.
Why people hold it
- Options, not shares: a synthetic Microsoft position with calls written against it, so the income work happens inside the fund instead of your own options account.
- Pays on a monthly schedule, and the strategy sits inside a standard 1940 Act fund you buy like any other ticker. Live since October 2023.
- Kurv discloses upfront that distributions can include return of capital, so part of a payout may be your own money coming back.
Worth knowing
- Upside participation is limited by design while Microsoft's declines pass through: capped gains, uncapped drawdowns, one company.
- The 1.15% fee sits above what the typical single-stock income fund charges, and it comes out before any premium reaches you.
- A small asset base and thin trading can mean wider spreads than at the larger option-income names in the group.
MSFY Holdings
- Stocks
- —
- 106%
- 912797VF1
Geography
MSFY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MSFY |
|---|---|
| Year to date | −7.4% |
| 1 month | +2.0% |
| 3 months | +26.9% |
| 1 year | −9.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSFY |
|---|---|---|
| 2026 YTD | −7.4% | |
| 2025 | +14.0% | |
| 2024 | +10.9% | |
| 2023 | +6.4% |
MSFY in the news
ETF.net Research hasn’t filed on MSFY yet — coverage lands here as it’s written.
MSFY Dividends
- 22.58%
- $4.50
- $0.20 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 9, 2026 | Sep 10, 2026 | $0.20 |
| Aug 12, 2026 | Aug 13, 2026 | $0.20 |
| Jul 15, 2026 | Jul 16, 2026 | $0.20 |
| Jun 10, 2026 | Jun 11, 2026 | $0.20 |
| May 13, 2026 | May 14, 2026 | $0.20 |
| Apr 15, 2026 | Apr 16, 2026 | $0.20 |
| Mar 11, 2026 | Mar 12, 2026 | $0.20 |
| Feb 11, 2026 | Feb 12, 2026 | $0.65 |
| Jan 14, 2026 | Jan 15, 2026 | $0.25 |
| Dec 10, 2025 | Dec 11, 2025 | $0.75 |
| Nov 12, 2025 | Nov 13, 2025 | $0.80 |
| Oct 15, 2025 | Oct 16, 2025 | $0.65 |
MSFY Risk
- 26.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.30
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −35.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSFY Cost
- The middle half of Single-Stock Option Income funds
- Median 1.07%
61 of the 71 Single-Stock Option Income funds charge less.