MSFO
YieldMax MSFT Option Income Strategy ETF
MSFO seeks to provide current income and capped gains on the Microsoft stock (MSFT) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 90.7 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Aug 25, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 07/09/2026 | 37.7 % |
| UNITED STATES TREASURY BILL 08/06/2026 | 32.7 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 15.6 % |
| UNITED STATES TREASURY BILL 05/12/2026 | 13.0 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 5.5 % |
| CASH & OTHER | 4.1 % |
| MSFT US 05/15/26 C400 | 1.8 % |
| MSFT US 04/02/26 C387.5 | 0.0 % |
| MSFT US 04/02/26 C390 | 0.0 % |
| MSFT US 04/02/26 C392.5 | 0.0 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -19.2% | -24.9% | -25.9% | -- | -- | -- | -- | -17.4% |
| Dividend Yield | 3.4% | 27.2% | 26.0% | -- | -- | -- | -- | 27.5% |
| Total Returns | -15.8% | 2.3% | 0.1% | -- | -- | -- | -- | 10.1% | Ann. Volatility | 33.5% | 22.4% | 19.8% | -- | -- | -- | -- | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 39% |
| MSCI EAFE | 0.64 | 22% |
| MSCI Emg Mkts | 0.57 | 21% |
Liquidity Measures
| Avg. volume (000) | 136 |
| ADV traded (mns) | $2 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $12.22 |
| Relative strength (RSI) | 31 |
| MACD/Signal | -0.32/-0.24 |
| Bollinger Bands (Upper/Lower) | $13.01/$11.32 |
| Short interest (% of AUM) | 0.5% |
Distributions