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- Pays: weekly, since June 2025 — about 63 distributions in its first 15 months.
- What it is: daily leveraged exposure to Nvidia targeted between 1.05x and 1.50x (the prospectus specifies the range; in practice it has operated near 1.25x), with covered calls sold on part of the position to fund the weekly payout.
- Fee: 0.99% gross expense ratio (issuer fund page, verified August 2026).
- Tax character: recent 19a-1 notices estimated roughly 98% of distributions as return of capital — the checks mostly reduce your cost basis rather than landing as taxable income today.
- Launched: May 2025, in the same wave as its Tesla sibling TSII.
NVII is a genuine hybrid: more than 1x exposure to NVDA's moves in both directions, and an income stream carved from only a slice of the book so that most of the upside stays live. Neither the growth crowd nor the income crowd gets the pure version of what they want — that's the design, not a flaw.
NVII pays weekly. Each point below is one distribution since June 2025 — amounts flex with what the partial call-writing earned.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $12.95 per share across 52 payments — paying since Jun 2025, so no full prior-year comparison yet. What a change like that does to your income →
- Current pace: recent payments annualize to $10.11 — 22% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 13% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 69 payments over 16 months; the largest single payment was $0.598 (May 2026).
- Payment drops ≥20% below trend, last 24 months: 15. Get alerted to the next one →
- Payment steadiness: the last 12 checks wobble ±18% around their median. Compare that against any fund →
Every figure above is computed from NVII's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from NVII's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
You can be paid from Nvidia's volatility three different ways on this site. NVDY converts essentially all of it into option premium — the biggest checks, none of the rally. NVDW holds 1.2x weekly-reset swap exposure and pays a formula-driven check regardless of what was earned. NVII splits the difference: 1.05x-1.50x daily leverage keeps the fund more than fully exposed to NVDA, while calls on a portion of the book fund a weekly distribution.
Three funds, one stock, three fates in any given quarter — a melt-up favors NVII, a grind favors NVDY, and a crash punishes all three with NVII and NVDW hit hardest. The compare tool runs the three-way overlay; the near-total return-of-capital classification makes the Cost Basis Calculator required equipment for taxable accounts.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is NVII's Next Ex-Dividend Date?
NVII pays weekly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from NVII's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Fifteen Months of a New Design
NVII listed in May 2025 and began paying in June — about 63 weekly checks so far. It arrived after two years in which Nvidia income meant one thing: sell all the upside for premium. REX's pitch was different — keep more than full exposure via a 1.05x-1.50x daily leverage band, and fund the payout by writing calls on just a portion. The record above is what that experiment has paid so far; the By-the-Numbers block computes what it adds up to.
The Trade-off, Stated Plainly
Every dollar of option premium a fund collects is purchased by surrendering some possible upside. NVDY surrenders nearly all of it and collects the most. NVII surrenders a slice and collects less — betting that Nvidia's long-run appreciation, levered slightly above 1x, is worth more than the premium it declines to harvest. In a rising market that bet pays twice: the unsold exposure compounds, and the calls that were sold get struck at ever-higher levels. In a falling market it costs twice: leverage amplifies the decline, and the modest premium cushions little.
Where the Money Actually Comes From
With ~98% of distributions classified as return of capital, NVII's weekly check is best understood as a chosen payout policy riding on a leveraged NVDA position — closer in spirit to a systematic withdrawal from a levered stock holding than to interest or dividends being passed through. That's not a criticism; it's the reading that makes the chart make sense. Judge NVII on total return against plain NVDA, NVDY, and NVDW — the compare tool puts all four on one screen.
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