MSFO ETF — YieldMax MSFT Option Income Strategy ETF

YieldMax MSFT Option Income Strategy ETF (MSFO)

MSFO is an ETF that tracks the Microsoft (MSFT). As of August 19, 2026, its distribution rate is 60.25%, its trailing-12-month yield is 40.79%, its expense ratio is 1.03%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Fund total return is 50.9% over the past 3 years, 1.1 points behind MSFT at 52.0%.

At the current 60.25% distribution rate, a $10,000 investment would generate approximately $6,025 per year, or $502.08 per month on an equivalent basis. Actual weekly payments vary.

MSFO implements a covered call strategy on Microsoft shares, generating income by selling call options against its MSFT holdings while maintaining exposure to the underlying stock. The fund distributes income weekly with a 40.36% annualized distribution rate and carries a 1.03% expense ratio. This strategy appeals primarily to income-focused investors seeking regular cash flow from a single large-cap technology holding, though it caps upside participation when share prices rise above the strike prices of sold calls.

MSFO performance versus MSFT

Data as of August 19, 2026.

Fund total return is 50.9% over the past 3 years, 1.1 points behind MSFT at 52.0%. Its deepest 1-year drawdown was 29.7%.

MSFO key facts

Data as of August 19, 2026.

Distribution Safety Score™

74 · Generally safe

Safety-Adjusted Yield

44.59%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

08/24/2023

Expense ratio

1.03%

Distribution rate

60.25%

Distribution frequency

Weekly

Trailing yield

40.79%

Last close

$12.16

AUM

$113,622,823

Average volume

902148.0

Last dividend

$0.1409

Ex-dividend date

08/20/2026

Payment date

08/21/2026

Beta

0.0

How Dividend Vision calculates yield and returns

Distribution rate (60.25%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (40.79%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: YieldMax fund page; Index: Microsoft (MSFT); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MSFO risks and drawbacks

Total return has trailed MSFT over the available window. The deepest 1-year drawdown on record here is 29.7%.

Who may consider MSFO — and who may not

It is a weaker fit for investors whose main goal is matching MSFT total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from YieldMax.