# WNTR (YieldMax(R) MSTR Short Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 11, 2026

Over the year to Sep 11, 2026, WNTR paid 83.8% in cash and finished 94.6 points ahead of MSTR.

## Key facts

- WNTR, cash paid, 1 year, on its starting price: 83.8%, as of Sep 11, 2026.
- WNTR, total return, 1 year: +34.8%, as of Sep 11, 2026.
- WNTR, against MSTR: +94.6 pts, as of Sep 11, 2026.
- WNTR, return of capital, latest payout (YieldMax estimate): 0.0%, as of Sep 11, 2026.
- WNTR, net assets: $67m (issuer page, as of Sep 11, 2026).
- WNTR, expense ratio: 1.00% (485BPOS XBRL, Nov 21, 2025).

## WNTR over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | MSTR | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 21.6% | −28.8% | −11.4% | +5.7% | −17.0 pts |
| 6 months | 32.2% | −44.2% | −16.5% | −6.2% | −10.3 pts |
| 1 year | 83.8% | −45.9% | +34.8% | −59.8% | +94.6 pts |
| Since launch | 80.0% | −63.2% | +26.9% | −59.6% | +86.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | MicroStrategy (MSTR) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $67m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 61.2% | ETFIQ |
| Expense ratio | 1.00% | 485BPOS XBRL, Nov 21, 2025 |
| Cash paid, last 12 months, over today’s price | 154.9% | ETFIQ |
| Launched | Mar 27, 2025 | ETFIQ |
| Return of capital, latest distribution | 0.0% | YieldMax 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.2169 ex Sep 10, 2026 | ETFIQ |
| Sum of the last 12 distributions | $5.1268 | ETFIQ |

## Questions

### How much has WNTR paid over the last year?

Over the year to Sep 11, 2026, WNTR paid 83.8% of its starting price in cash distributions, while the price fell 45.9%.

### Is WNTR ahead of MSTR?

Over the year to Sep 11, 2026, with every distribution reinvested, WNTR returned +34.8% against −59.8% for MicroStrategy (MSTR), so a holder was ahead of it by 94.6 points.

### How often does WNTR pay, and how much?

WNTR pays weekly. The latest distribution annualizes to 61.2% at its price on Sep 11, 2026, which is not a promise; the next one can differ.

### Is the WNTR distribution return of capital?

YieldMax estimates 0% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

### When does WNTR next pay a distribution?

WNTR pays weekly. The last distribution went ex on Sep 10, 2026 at $0.2169 a share. The issuer has set the next ex-date at Sep 15, 2026 but not the amount.

### What does WNTR cost?

The prospectus expense ratio is 1.00% a year.


## Cite this page

ETFIQ, WNTR, data as of Sep 11, 2026. https://etfiq.com/funds/wntr
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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