High frequency transformer (HFT) is being widely used in several modern applications. Most of the conventional HFT uses ordinary winding topology for which the magnetic core saturates without ensuring possible maximum power transfer. To overcome this technical problem, this paper proposes a new distributed winding topology (DWT) which can significantly increase the power transfer capability with the same magnetic core and turn number. Before applying the proposed DWT, the magnetic core is optimized in terms of shape and size. Various shapes including toroidal, rounded rectangle, circular shape, hexagonal cross section, square, and rectangular cross-sectional area of the core are considered for analysis. Amorphous alloy based material is considered for magnetic core of HFT for its extraordinary properties. Electrical and magnetic properties of different types of the design for optimization are presented extensively. Finite element analysis is used by ANSYS/Maxwell for simulation. It is