CHICAGO and MILWAUKEE and NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF:
YieldMax™ Short MSTR Option Income Strategy ETF (NYSE: WNTR)
WNTR Overview
WNTR is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on MicroStrategy Incorporated ("MSTR”), while providing indirect short (inverse) exposure to the share price of MSTR. WNTR's potential for gains from decreases in the share price of MSTR is limited, while its potential for losses resulting from increases in the share price of MSTR is up to 100%. WNTR does not invest directly in MSTR and does not directly short MSTR. Investors seeking direct exposure to the price of MSTR should consider an investment other than this Fund.
WNTR Portfolio Construction
WNTR's synthetic covered put strategy consists of the following four elements:
- Synthetic short exposure to MSTR, consisting of a long at-the-money put option and a short at-the-money call option, which allows WNTR to seek to participate on an inverse, unleveraged basis in changes, up or down, to the share price of MSTR.
- Covered put writing (where MSTR put options are sold against the synthetic short portion of the strategy), which allows WNTR to generate income.
- U.S. Treasuries, which are used for collateral for the options, and which also generate income; and;
- Out-of-the money ("OTM”) call options, which are purchased to seek to cap WNTR's potential losses from its short exposure to MSTR if MSTR's share price appreciates significantly in value.
Why Invest in WNTR?
- WNTR seeks to generate current income, which is not dependent on the price depreciation of MSTR.
- WNTR seeks to benefit when the MSTR share price decreases, however WNTR's potential corresponding benefit from decreases in the MSTR share price is limited.
- WNTR's short exposure to MSTR is not leveraged so does not result in daily resetting.
| ETF Ticker1 | ETF Name | Distribution Frequency | Distribution per Share | Distribution Rate2,4 | 30-Day
SEC Yield3 | ROC5 | ||
| GPTY | YieldMax™ AI & Tech Portfolio Option Income ETF | Weekly | $0.2787 | 34.92% | 0.00% | 98.94% | ||
| LFGY | YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF | Weekly | $0.4749 | 64.18% | 0.00% | 0.00% | ||
| QDTY | YieldMax™ Nasdaq 100 0DTE Covered Call Strategy ETF | Weekly | $0.2711 | - | - | 55.02% | ||
| RDTY | YieldMax™ R2000 0DTE Covered Call Strategy ETF | Weekly | $0.3037 | - | - | 100.00% | ||
| SDTY | YieldMax™ S&P 500 0DTE Covered Call Strategy ETF | Weekly | $0.2133 | - | - | 0.00% | ||
| ULTY | YieldMax™ Ultra Option Income Strategy ETF | Weekly | $0.0986 | 77.95% | 0.00% | 100.00% | ||
| YMAG | YieldMax™ Magnificent 7 Fund of Option Income ETFs | Weekly | $0.0837 | 27.95% | 61.87% | 21.53% | ||
| YMAX | YieldMax™ Universe Fund of Option Income ETFs | Weekly | $0.1315 | 48.21% | 85.03% | 61.95% | ||
| BIGY | YieldMax™ Target 12™ Big 50 Option Income ETF | Monthly | $0.5025 | 12.89% | 0.03% | 100.00% | ||
| SOXY | YieldMax™ Target 12™ Semiconductor Option Income ETF | Monthly | $0.4883 | 13.14% | 0.00% | 50.31% | ||
| ABNY | YieldMax™ ABNB Option Income Strategy ETF | Every 4 weeks | $0.4805 | 47.62% | 2.98% | 92.39% | ||
| AIYY | YieldMax™ AI Option Income Strategy ETF | Every 4 weeks | $0.3221 | 81.94% | 4.64% | 2.09% | ||
| AMDY | YieldMax™ AMD Option Income Strategy ETF | Every 4 weeks | $0.2533 | 38.83% | 4.02% | 92.00% | ||
| AMZY | YieldMax™ AMZN Option Income Strategy ETF | Every 4 weeks | $0.4177 | 32.58% | 3.79% | 0.00% | ||
| APLY | YieldMax™ AAPL Option Income Strategy ETF | Every 4 weeks | $0.3440 | 29.76% | 3.15% | 87.26% | ||
| BABO | YieldMax™ BABA Option Income Strategy ETF | Every 4 weeks | $0.7578 | 47.94% | 2.36% | 0.00% | ||
| CONY | YieldMax™ COIN Option Income Strategy ETF | Every 4 weeks | $0.5989 | 91.19% | 4.56% | 94.78% | ||
| CRSH | YieldMax™ Short TSLA Option Income Strategy ETF | Every 4 weeks | $0.6458 | 126.57% | 3.00% | 98.10% | ||
| CVNY | YieldMax™ CVNA Option Income Strategy ETF | Every 4 weeks | $3.9149 | 136.69% | 0.00% | 96.80% | ||
| DIPS | YieldMax™ Short NVDA Option Income Strategy ETF | Every 4 weeks | $0.5851 | 59.01% | 2.90% | 96.87% | ||
| DISO | YieldMax™ DIS Option Income Strategy ETF | Every 4 weeks | $0.2879 | 25.79% | 4.48% | 51.26% | ||
| FBY | YieldMax™ META Option Income Strategy ETF | Every 4 weeks | $0.5506 | 40.70% | 3.47% | 0.00% | ||
| FEAT | YieldMax™ Dorsey Wright Featured 5 Income ETF | Every 4 weeks | $0.6925 | 24.43% | 122.88% | 0.00% | ||
| FIAT | YieldMax™ Short COIN Option Income Strategy ETF | Every 4 weeks | $0.6834 | 102.31% | 3.52% | 96.91% | ||
| FIVY | YieldMax™ Dorsey Wright Hybrid 5 Income ETF | Every 4 weeks | $0.7092 | 24.46% | 67.34% | 0.00% | ||
| GDXY | YieldMax™ Gold Miners Option Income Strategy ETF | Every 4 weeks | $0.6394 | 50.58% | 3.08% | 0.00% | ||
| GOOY | YieldMax™ GOOGL Option Income Strategy ETF | Every 4 weeks | $0.3284 | 34.06% | 4.12% | 0.00% | ||
| JPMO | YieldMax™ JPM Option Income Strategy ETF | Every 4 weeks | $0.3717 | 28.22% | 3.40% | 42.17% | ||
| MARO | YieldMax™ MARA Option Income Strategy ETF | Every 4 weeks | $1.4783 | 77.02% | 4.21% | 95.22% | ||
| MRNY | YieldMax™ MRNA Option Income Strategy ETF | Every 4 weeks | $0.1827 | 73.97% | 5.01% | 94.71% | ||
| MSFO | YieldMax™ MSFT Option Income Strategy ETF | Every 4 weeks | $0.2845 | 22.77% | 3.53% | 83.81% | ||
| MSTY | YieldMax™ MSTR Option Income Strategy ETF | Every 4 weeks | $1.3775 | 78.55% | 0.21% | 97.54% | ||
| NFLY | YieldMax™ NFLX Option Income Strategy ETF | Every 4 weeks | $0.4008 | 29.98% | 3.23% | 0.00% | ||
| NVDY | YieldMax™ NVDA Option Income Strategy ETF | Every 4 weeks | $0.7874 | 60.92% | 4.02% | 100.00% | ||
| OARK | YieldMax™ Innovation Option Income Strategy ETF | Every 4 weeks | $0.3210 | 50.64% | 3.25% | 71.26% | ||
| PLTY | YieldMax™ PLTR Option Income Strategy ETF | Every 4 weeks | $5.3257 | 103.41% | 2.63% | 97.91% | ||
| PYPY | YieldMax™ PYPL Option Income Strategy ETF | Every 4 weeks | $0.3773 | 35.12% | 4.20% |
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