- Pays: weekly.
- First paid: May 2025 — every payment since is charted below.
- What it is: the contrarian YieldMax: short exposure to Strategy (MicroStrategy) (MSTR), harvesting option premium by writing put spreads. It profits (and pays best) when MSTR falls or stalls — and loses when MSTR rallies.
- Fee: 1.00% gross expense ratio (issuer fund page).
- The mirror: MSTY harvests the same stock's volatility from the long side.
Don't buy this by ticker accident: WNTR is an inverse fund. A big MSTR rally is the loss scenario, however healthy the income record looks. The chart below shows the payouts; the share price tells the other half.
WNTR pays weekly. Each point below is one distribution since the fund began paying in May 2025.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from WNTR'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.
Most option-income funds sell a stock's upside; WNTR sells its downside — put spreads that collect premium as long as MSTR behaves, with short exposure underneath. That makes it one of the few income tickers that wants bad news for Strategy (MicroStrategy). The family's diversified version of the same idea is SLTY, the YieldMax Ultra Short fund.
The honest pairing is with its mirror, MSTY: same underlying volatility, opposite direction, both paying weekly. Overlay them on the compare tool and you're looking at both sides of the MSTR volatility trade.
| 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 WNTR's Next Ex-Dividend Date?
WNTR 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 WNTR's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
WNTR's Record So Far
WNTR — the YieldMax MSTR Short Option Income Strategy ETF — launched in March 2025 and has paid weekly since May 2025. The chart above shows every declared distribution.
Why an Inverse Income Fund Exists
Strategy (MicroStrategy)'s volatility prices rich option premium in both directions. YieldMax sells the long side through MSTY; WNTR sells the short side — put spreads plus inverse exposure — for investors who expect MSTR to cool off and want to be paid while they wait. The risk is symmetric to the thesis: a MSTR melt-up burns WNTR exactly the way a melt-down burns MSTY.
Reading the Chart Honestly
An inverse fund's payout record can look pristine right up until the underlying rips. Judge WNTR on total return — distributions plus share price — over windows that include MSTR rallies, not just the income column. The compare tool makes that overlay one click.
Model a YieldMax-Style Income Plan
Huge headline yields, eroding share prices — see what the math actually does to a long-term plan before you commit.
Open the YieldMax Calculators