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Tidal Trust II YieldMax MSTR Short Option Income Strategy ETFTidal Trust II YieldMax MSTR Short Option Income Strategy ETFTidal Trust II YieldMax MSTR Short Option Income Strategy ETF

Tidal Trust II YieldMax MSTR Short Option Income Strategy ETF

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Overview
Analysis
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Key stats


Assets under management (AUM)
‪22.05 M‬ USD
Fund flows (1Y)
‪24.33 M‬ USD
Dividend yield (indicated)
94.69%
Discount/Premium to NAV
−0.1%
Shares outstanding
‪600.00 K‬
Expense ratio
1.01%

About Tidal Trust II YieldMax MSTR Short Option Income Strategy ETF


Issuer
Toroso Investments Topco LLC
Brand
YieldMax
Home page
yieldmaxetfs.com
Inception date
Mar 26, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
WNTR pursues monthly income and inverse exposure to MicroStrategy stock (MSTR). It employs a synthetic covered put strategy, leveraging options to achieve its objectives. The strategy places a cap on potential gains when the shares decrease in value. This approach involves selling MSTR call options and concurrently purchasing MSTR put options, typically with three- to six-month terms and at-the-money strike prices. Additionally, WNTR writes put options on MSTR to generate income, usually with contracts expiring within one month and strike prices approximately 0%-15% below the current MSTR share price. The fund holds short-term US Treasury securities as collateral. Moreover, it purchases out-of-the-money call options to manage potential losses from its short exposure to MSTR, especially in scenarios of significant stock appreciation. Note: WNTR does not directly invest in MSTR stocks, and investors are not entitled to any MSTR dividends.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Application software
Strategy
Buy-write
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of June 5, 2025
Exposure type
Bonds, Cash & Other
Government
Cash
Bonds, Cash & Other100.00%
Government74.36%
Cash18.75%
Mutual fund5.65%
Rights & Warrants1.25%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


WNTR top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 4.25% 15-OCT-2025, occupying 25.61% and 22.26% of the portfolio correspondingly.
WNTR last dividends amounted to 3.07 USD. The month before, the issuer paid 2.72 USD in dividends, which shows a 11.51% increase.
WNTR assets under management is ‪22.05 M‬ USD. It's risen 206.22% over the last month.
WNTR fund flows account for ‪24.33 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, WNTR pays dividends to its holders with the dividend yield of 94.69%. The last dividend (Jun 6, 2025) amounted to 3.07 USD. The dividends are paid monthly.
WNTR shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Mar 26, 2025, and its management style is Active.
WNTR expense ratio is 1.01% meaning you'd have to pay 1.01% of your investment to help manage the fund.
WNTR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WNTR invests in bonds.
WNTR trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.