Key stats
About Defiance R2000 Enhanced Options & 0DTE Income ETF
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Inception date
Oct 31, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
IWMY is actively managed, seeking income based on the Russell 2000 Index using options. The fund implements two strategies: the first provides daily income by selling put options either at-the-money or up to 5% in-the-money, expiring the next or same trading day. These options become profitable if the Russell 2000 Index rises. The second strategy sells in-the-money put options aiming for a minimum daily income of 0.25% to support monthly distributions. The fund may also sell options priced at market value to maximize income. It will not seek defensive positions during adverse markets and does not directly or fully participate in index gains. Risk and return potential fluctuate daily. The portfolio holds short-term US Treasurys as collateral for short put positions. Until June 26, 2025, the fund was named Defiance R2000 Enhanced Options & 0DTE Income ETF. Prior to September 26, 2024, it traded as Defiance R2000 Enhanced Options Income ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government77.97%
Cash14.89%
Mutual fund7.14%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IWMY top holdings are United States Treasury Notes 3.0% 15-JUL-2025 and United States Treasury Notes 3.875% 15-JAN-2026, occupying 18.57% and 17.22% of the portfolio correspondingly.
IWMY last dividends amounted to 0.24 USD. The week before, the issuer paid 0.24 USD in dividends, which shows a 0.29% increase.
Yes, IWMY pays dividends to its holders with the dividend yield of 81.33%. The last dividend (Jul 7, 2025) amounted to 0.24 USD. The dividends are paid weekly.
IWMY shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 31, 2023, and its management style is Active.
IWMY expense ratio is 1.02% meaning you'd have to pay 1.02% of your investment to help manage the fund.
IWMY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IWMY invests in bonds.
IWMY price has risen by 1.50% over the last month, and its yearly performance shows a −41.20% decrease. See more dynamics on IWMY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 15.86% increase in three-month performance and has increased by 9.67% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 15.86% increase in three-month performance and has increased by 9.67% in a year.
IWMY trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.