Key stats
About Tidal Trust II YieldMax MSTR Short Option Income Strategy ETF
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Inception date
Mar 26, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government96.69%
Cash6.44%
Mutual fund0.01%
Rights & Warrants−3.13%
Stock breakdown by region
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 32.87% and 30.22% 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 21.91 M USD. It's risen 55.78% over the last month.
WNTR fund flows account for 24.29 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 94.66%. 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 (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.