{
 "ticker": "IWMW",
 "name": "iShares Russell 2000 BuyWrite ETF",
 "issuer": "iShares",
 "desk": "income",
 "url": "https://etfiq.com/funds/iwmw",
 "html": "https://etfiq.com/funds/iwmw",
 "markdown": "https://etfiq.com/funds/iwmw.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, IWMW paid 19.1% in cash and still finished 5.8 points behind IWM.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "19.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IWMW, cash paid, 1 year, on its starting price: 19.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+15.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IWMW, total return, 1 year: +15.4%, as of Sep 11, 2026."
  },
  {
   "key": "against_iwm",
   "label": "Against IWM",
   "value": "\u22125.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IWMW, against IWM: \u22125.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "7.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "IWMW, latest payout, annualized: 7.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$58m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "IWMW, net assets: $58m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.39%",
   "source": "485BPOS XBRL, Feb 23, 2026",
   "as_of": "2026-09-11",
   "sentence": "IWMW, expense ratio: 0.39% (485BPOS XBRL, Feb 23, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Russell 2000 (IWM)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$58m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "7.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.39%",
   "source": "485BPOS XBRL, Feb 23, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "20.1%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 15, 2024",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "30 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.2356 ex Sep 2, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$7.7475",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "3.6%",
   "Price": "\u22120.8%",
   "Total return": "+2.8%",
   "IWM": "\u22121.1%",
   "Ahead or behind": "+4.0 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "9.6%",
   "Price": "+4.2%",
   "Total return": "+14.2%",
   "IWM": "+17.6%",
   "Ahead or behind": "\u22123.5 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "19.1%",
   "Price": "\u22125.3%",
   "Total return": "+15.4%",
   "IWM": "+21.2%",
   "Ahead or behind": "\u22125.8 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "42.5%",
   "Price": "\u221221.7%",
   "Total return": "+29.0%",
   "IWM": "+46.6%",
   "Ahead or behind": "\u221217.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has IWMW paid over the last year?",
   "a": "Over the year to Sep 11, 2026, IWMW paid 19.1% of its starting price in cash distributions, while the price fell 5.3%."
  },
  {
   "q": "Is IWMW ahead of IWM?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, IWMW returned +15.4% against +21.2% for Russell 2000 (IWM), so a holder was behind it by 5.8 points."
  },
  {
   "q": "How often does IWMW pay, and how much?",
   "a": "IWMW pays monthly. The latest distribution annualizes to 7.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does IWMW next pay a distribution?",
   "a": "IWMW pays monthly. The last distribution went ex on Sep 2, 2026 at $0.2356 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Oct 2, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  },
  {
   "q": "What does IWMW cost?",
   "a": "The prospectus expense ratio is 0.39% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}