ETF Evaluator:
Kurv Yield Premium Str Microsoft ETF (MSFY)
Follow This ETF
(as of Aug 07)
Best Performing in Derivative Income Over the Last Year
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ETF Details
Kurv Yield Premium Str Microsoft ETF Overview
Kurv Yield Premium Str Microsoft ETF (MSFY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Kurv Investment Management LLC launched the ETF in 2023.
The investment seeks to provide current income; exposure to the share price of the common stock of Microsoft Corporation, subject to a limit on potential investment gains is the secondary consideration.
The fund is an actively managed exchange traded fund that seeks current income while maintaining the opportunity for exposure to the share price (i.e., the price returns) of the common stock of Microsoft Corporation (“MSFT”); however the strategy limits potential investment gains related to share price appreciation. The fund seeks to employ its investment strategy as it relates to MSFT in all market, economic, or other conditions. The fund is non-diversified.
About Kurv Yield Premium Str Microsoft ETF (MSFY)
There are 1 members of the management team with an average tenure of 1.70 years: Dominique Tersin (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Kurv Yield Premium Str Microsoft ETF has 12 securities in its portfolio. The top 10 holdings constitute 130.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Kurv Yield Premium Str Microsoft ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Kurv Yield Premium Str Microsoft ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 19.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 52.4% (52.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Kurv Yield Premium Str Microsoft ETF has 27.8% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MSFY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Kurv Yield Premium Str Microsoft ETF expense ratio is high compared to funds in the Derivative Income category. Kurv Yield Premium Str Microsoft ETF has an expense ratio of 0.99%, which is 19% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Kurv Yield Premium Str Microsoft ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, Kurv Yield Premium Str Microsoft ETF returned 20.7%, which earned it a grade of A, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Kurv Yield Premium Str Microsoft ETF has a trailing yield of 14.93%, which is below the 19.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Kurv Yield Premium Str Microsoft ETF Grades
Year to date, the ETF has returned -10.6%, 13.2 percentage points worse than the category, which translates into a grade of F. The fund has returned -14.7% over the past year (grade of F).
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MSFY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MSFY Return (NAV) | 20.7% | 9.7% | -14.7% | na | na | na |
| MSFY Return (Price) | 20.5% | 9.4% | -14.7% | na | na | na |
| NAV +/- Price Return | 0.124% | 0.311% | 0.017% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| MSFY Grade (NAV) | A | A | F | na | na | na |
| +/- Category (NAV) | 22.2% | 9.1% | -25.9% | na | na | na |
| MSFY Tax-Cost Ratio | na | na | 4.7% | na | na | na |
MSFY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MSFY Return (NAV) | -10.6% | 14.4% | 10.2% | na | na | na | na | na | na | na | na |
| MSFY Return (Price) | -10.8% | 14.0% | 10.9% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.017% | -0.026% | 0.071% | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| MSFY Grade (NAV) | F | C | D | na | na | na | na | na | na | na | na |
| +/- Category | -13.2% | 3.8% | -8.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 14.9% |
| Total Assets: | $ 13 Mil |
| Share Class Assets: | $ 13 Mil |
| Turnover: | na |
| Expense Ratio: | 0.99% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Tersin Dominique (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 12 |
| % in Top 10 Holdings: | 130.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 19.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 52.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 27.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Kurv Investment Management LLC |
| Phone Number: | 833-955-5878 |
| Website: | |
| Inception Date: | October 30, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.99% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
