R2000 Weekly Distribution ETF
IWMY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- United States of America
- IPO Date
- Nov 1, 2023
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance R2000 Enhanced Options Income ETF (IWMY) is an actively managed exchange-traded fund that primarily seeks current income through a put-write options strategy on the Russell 2000 Index, utilizing daily options including 0DTE (zero days to expiration) puts to generate enhanced weekly distributions; secondarily, it provides exposure to the Russell 2000 Index subject to limits on potential investment gains from index appreciation. The fund invests primarily in short-term U.S. Treasury securities, such as Treasury bills and notes maturing in 2026, alongside cash equivalents and Russell 2000 index put options sold daily to capture rapid time decay from in-the-money puts. Distributions, which include a significant estimated return of capital (94.07% as of November 2025), are paid weekly and have varied substantially, with recent examples including $0.1649 on November 14, 2025, and annualized yields exceeding 40% based on distribution rates. IWMY collateralizes its portfolio with U.S. Treasuries like United States Treasury Bill 07/09/2026 (20.98% of net assets), United States Treasury Bill 02/19/2026 (15.55%), and United States Treasury Note 3.875% 01/15/2026 (14.80%), complemented by options positions such as Rutw US 11/17/25 P2400 (-0.80%); the fund targets small-cap equity market exposure via this derivatives overlay without direct equity holdings. Launched on October 30, 2023, and issued by Defiance ETFs—a Miami, Florida-headquartered firm founded in 2018 specializing in thematic, income, and leveraged ETFs—IWMY operates in the U.S. equity income segment, listed on the NYSE Arca, with assets under management of approximately $152 million and a management fee of 0.99%. Recent major changes include a 1-for-3 reverse stock split effective August 1, 2024, to address share price dynamics amid high distributions; multiple increases in monthly distribution amounts through 2025, such as a 29% dividend raise to $1.29 earlier in the year; and a shift to weekly distribution frequency from monthly, alongside ongoing NAV restatements to reflect options strategy impacts. Defiance ETFs expanded its enhanced options income suite around IWMY's launch with complementary products like Nasdaq 100 Enhanced Options Income ETF (QQQY) and S&P 500 Enhanced Options Income ETF (JEPY), though no major acquisitions, partnerships, or name changes for IWMY have been reported in the last 1-2 years; the fund remains non-diversified and domiciled in the United States.