*Past performance is not indicative of future results.
Summary
The IncomeShares Microsoft (MSFT) Options ETP dynamically allocates between directly investing in Microsoft Corporation shares (Nasdaq: MSFT) and selling put options on MSFT with strikes ranging from 5% OTM to 10% ITM. The strategy aims to Generate monthly income while retaining upside exposure to the extent of its holding in MSFT shares and the strikes of puts sold ITM. The ETP will also earn a return on the uninvested cash.
Why Microsoft (MSFT) Options ETP?

Income Generation
Monthly income from premiums received through options selling and a return on cash.

Upside Exposure
Participation in the upside potential of MSFT up to the options’ strike price.

Partial Downside Protection
Income generated from selling options may help cushion against market downturns.
Capital at risk. You may lose some or all of your investment.
Net Asset Value
- NAV (as of 17 Sep 2025)
- $10.78
- Daily Change (of NAV)
- 0.02
- Daily Return (based on % NAV change)
- 0.22%
Key Information
- Inception Date
- 22 Jul 2024
- Annual Management Fee
- 0.55%
- Distribution Yield*
- 6.54%
- Strategy
- Cash-Secured Put + Equity
Structure
- Structure
- ETP
- Domicile
- Ireland
- Replication Method
- Physical
- Use of Income
- Distributing
- Physical Assets
- Yes (Underlying securities)
- Underlying Asset
- Microsoft + cash + short puts on Microsoft
Distribution Calendar
Monthly Distribution
Declaration Date | Ex-Date | Record Date | Payment Date | Distribution Per Share |
---|---|---|---|---|
29 Aug 2025 | 01 Sep 2025 | 02 Sep 2025 | 10 Sep 2025 | $0.0587 |
31 Jul 2025 | 01 Aug 2025 | 04 Aug 2025 | 12 Aug 2025 | $0.0526 |
30 Jun 2025 | 01 Jul 2025 | 02 Jul 2025 | 10 Jul 2025 | $0.0237 |
*The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income and cash return, remained the same going forward. The Distribution Rate is calculated by multiplying an ETP’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETP’s most recent NAV. The Distribution Rate represents a single distribution from the ETP and does not represent its total return. Distributions are not guaranteed.
Tax & Legal
- UCITS Eligible
- Yes
- UK Fund Reporting Status
- Pending
- SIPP
- Yes
- ISA
- Yes
Listings & Tickers
Country | Exchange | Base Currency | Trading Currency | Exchange Code | ISIN | SEDOL | BBG Ticker | RIC | WKN | Listing Date |
---|---|---|---|---|---|---|---|---|---|---|
UK | London Stock Exchange | USD | USD | MSFY | XS2901886288 | BQB7YR6 | MSFY LN | MSFY.L | A4A52X | 26 Sep 2024 |
UK | London Stock Exchange | USD | GBP | MSFI | XS2901886288 | BQB7ZB7 | MSFI LN | MSFI.L | A4A52X | 26 Sep 2024 |
DE | Deutsche Börse Xetra | USD | EUR | YMSF | XS2901886288 | BQNKXC1 | YMSF.GY | YMSF.DE | A4A52X | 15 Nov 2024 |
Holdings
Name | Ticker | SEDOL | Market Price | Currency | Shares Held | Market Value |
---|---|---|---|---|---|---|
Cash | Cash_USD_56 | Cash | 1 | USD | 547,642 | 547,642 |
MICROSOFT CORP | MSFT | 2588173 | 510.02 | USD | 346 | 176,467 |
MSFT Sep19'25 520.0 Put | MSFT 250919P00520000 | N/A | 10.6412 | USD | -5 | -5,321 |
MSFT Sep19'25 525.0 Put | MSFT 250919P00525000 | N/A | 15.2117 | USD | -5 | -7,606 |
Key Services Providers
- Issuer
- Leverage Shares PLC
- Arranger
- Leverage Shares Management Company Limited
- Trustee
- Apex Corporate Trustees (UK) Limited
- Issuing and Paying Agent
- Elavon Financial Services DAC
- Registrar
- Elavon Financial Services DAC
- Custodian
- Interactive Brokers LLC and/or Morgan Stanley & Co LLC
- Portfolio Administrators
- GWM Limited
- Determination Agent
- Calculation Agent Services LLC
- Broker Dealer of Record
- GWM Limited
- Initial Authorised Participant
- Virtu Financial Ireland Limited
ETP Documents
- Fact Sheet
-
- Final Terms
- Key Information Documents
- Reportable Income
-
- EMT
-
- Supplemental Trust Deed
-
- Prospectus
Notices
- Latest Notice
- All Product Notices