WDTE
Defiance S&P 500 Weekly Distribution ETF
Distribution Rate *
30.00%
Payable As of 02/20/2026
Distribution Frequency
Weekly
30-Day SEC Yield **
As of 01-31-2026
-0.84%
WDTE: A weekly income1 ETF targeting a 30% annual cash distribution through a daily call spread strategy on the S&P 500.
WDTE seeks to provide current income while also seeking exposure to the performance of the S&P 500 Index. The Fund is an actively managed exchange-traded fund (“ETF”) designed to generate weekly cash distributions primarily from options premiums. Under normal market conditions, WDTE sells daily credit call spreads on the S&P 500 Index while maintaining long exposure to the Index through investments in Index-tracking ETFs and/or synthetic exposure using options.
The Fund’s options strategy focuses on short-term options in order to capture time decay and generate consistent option premium income. By utilizing credit call spreads rather than uncovered option positions, the Fund defines risk and limits participation in Index gains up to a specified level. At the same time, the Fund’s long Index exposure allows it to benefit from increases in the value of the S&P 500 above the call spread cap. The Fund has established a target annual cash distribution level of approximately 30% of its net asset value, although this target is not guaranteed, does not represent yield or total return, and distributions may vary and include return of capital.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the performance of the S&P 500 Index (the “Index”).
There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of their investment.
1 While the ETF seeks to provide weekly income, there is no assurance a distribution will be made. If distributions are made, it is likely such distributions will vary greatly from one distribution to the next.
Distribution from WDTE include the following estimated return of capital per the 02/20/2026 19-a1 Notice: 52.83%. Distributions which include return of capital decrease the Fund’s NAV and trading price which over time can result in losses on an investment.
WDTEMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 1.18% | 1.18% | 1.82% | 6.65% | 33.97% |
| Market Price (%) | 1.26% | 1.26% | 1.73% | 6.43% | 33.95% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 12.01% | xx.xx% | xx.xx% | 13.13% |
| Market Price (%) | 12.22% | xx.xx% | xx.xx% | 13.13% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 13.77% | 0.91% | 1.99% | 8.79% | 32.41% |
| Market Price (%) | 13.71% | 0.61% | 1.78% | 8.58% | 32.27% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 13.77% | xx.xx% | xx.xx% | 13.07% |
| Market Price (%) | 13.71% | xx.xx% | xx.xx% | 13.02% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 12.75% | -0.27% | 4.10% | 12.46% | 31.22% |
| Market Price (%) | 13.02% | -0.15% | 4.29% | 12.67% | 31.47% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 9.05% | xx.xx% | xx.xx% | 13.15% |
| Market Price (%) | 9.30% | xx.xx% | xx.xx% | 13.24% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 13.05% | 1.34% | 4.74% | 18.87% | 31.57% |
| Market Price (%) | 13.19% | 1.31% | 4.62% | 18.96% | 31.67% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 13.28% | xx.xx% | xx.xx% | 13.83% |
| Market Price (%) | 13.42% | xx.xx% | xx.xx% | 13.87% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 11.55% | 3.00% | 6.67% | 14.20% | 29.83% |
| Market Price (%) | 11.73% | 3.09% | 6.68% | 14.43% | 29.96% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 10.66% | xx.xx% | xx.xx% | 13.70% |
| Market Price (%) | 10.71% | xx.xx% | xx.xx% | 13.76% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 8.31% | 0.34% | 8.03% | 6.33% | 26.05% |
| Market Price (%) | 8.37% | 0.17% | 8.03% | 6.60% | 26.07% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 9.32% | xx.xx% | xx.xx% | 12.58% |
| Market Price (%) | 9.39% | xx.xx% | xx.xx% | 12.59% |
| 2025 | |
|---|---|
| Total Return NAV(%) | 13.77% |
| Market Price (%) | 13.71% |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 833.333.9383.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Fund Details
Data as of 02/17/2026
Net Assets
$67.52M
Premium/discount
-0.20%
NAV
$30.69
Closing Price
$30.63
Shares Outstanding
2,199,979
Median 30 Day Spread
0.35%
Fund inception
09/18/23
Ticker
WDTE
Primary Exchange
NYSE
CUSIP
88636J147
Fund Holdings
5
NAV Symbol
WDTE.NV
Expense Ratio
1.03%
30 Day SEC Yield*
-0.84%
* Yield as of 01-31-2026
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Spx Us 12/18/26 C600 | SPX 261218C00600000 | $6.00 | 94.49% | 102 | $63,642,390 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 3.89% | 2,618,031 | $2,618,031 |
| Cash & Other | Cash&Other | $1.00 | 1.76% | 1,185,371 | $1,185,371 |
| Spx 02/19/2026 6898.51 C | 4SPX 260219C06898510 | $15.83 | 0.24% | 102 | $161,466 |
| Spx 02/19/2026 6881.31 C | 4SPX 260219C06881310 | $24.77 | -0.38% | -102 | $-252,654 |
Data as of 02/19/2026. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
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Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
03/04/2026 |
03/05/2026 |
03/05/2026 |
03/06/2026 |
$– |
02/25/2026 |
02/26/2026 |
02/26/2026 |
02/27/2026 |
$– |
02/18/2026 |
02/19/2026 |
02/19/2026 |
02/20/2026 |
$0.1771 |
02/11/2026 |
02/12/2026 |
02/12/2026 |
02/13/2026 |
$0.1801 |
02/04/2026 |
02/05/2026 |
02/05/2026 |
02/06/2026 |
$0.1803 |
01/28/2026 |
01/29/2026 |
01/29/2026 |
01/30/2026 |
$0.1817 |
01/21/2026 |
01/22/2026 |
01/22/2026 |
01/23/2026 |
$0.1795 |
01/14/2026 |
01/15/2026 |
01/15/2026 |
01/16/2026 |
$0.1844 |
01/07/2026 |
01/08/2026 |
01/08/2026 |
01/09/2026 |
$0.1845 |
12/30/2025 |
12/31/2025 |
12/31/2025 |
01/02/2026 |
$0.1851 |
12/23/2025 |
12/24/2025 |
12/24/2025 |
12/26/2025 |
$0.1854 |
12/17/2025 |
12/18/2025 |
12/18/2025 |
12/19/2025 |
$0.1855 |
12/10/2025 |
12/11/2025 |
12/11/2025 |
12/12/2025 |
$0.1868 |
12/03/2025 |
12/04/2025 |
12/04/2025 |
12/05/2025 |
$0.1861 |
11/25/2025 |
11/26/2025 |
11/26/2025 |
11/28/2025 |
$0.2885 |
11/19/2025 |
11/20/2025 |
11/20/2025 |
11/21/2025 |
$0.1859 |
11/12/2025 |
11/13/2025 |
11/13/2025 |
11/14/2025 |
$0.1918 |
11/05/2025 |
11/06/2025 |
11/06/2025 |
11/07/2025 |
$0.1981 |
10/29/2025 |
10/30/2025 |
10/30/2025 |
10/31/2025 |
$0.2012 |
10/22/2025 |
10/23/2025 |
10/23/2025 |
10/24/2025 |
$0.2003 |
10/15/2025 |
10/16/2025 |
10/16/2025 |
10/17/2025 |
$0.2319 |
10/08/2025 |
10/09/2025 |
10/09/2025 |
10/10/2025 |
$0.2035 |
10/01/2025 |
10/02/2025 |
10/02/2025 |
10/03/2025 |
$0.2017 |
09/24/2025 |
09/25/2025 |
09/25/2025 |
09/26/2025 |
$0.2039 |
09/17/2025 |
09/18/2025 |
09/18/2025 |
09/19/2025 |
$0.1483 |
09/10/2025 |
09/11/2025 |
09/11/2025 |
09/12/2025 |
$0.2006 |
09/03/2025 |
09/04/2025 |
09/04/2025 |
09/05/2025 |
$0.1882 |
08/27/2025 |
08/28/2025 |
08/28/2025 |
08/29/2025 |
$0.2026 |
08/20/2025 |
08/21/2025 |
08/21/2025 |
08/22/2025 |
$0.2042 |
08/13/2025 |
08/14/2025 |
08/14/2025 |
08/15/2025 |
$0.2043 |
08/06/2025 |
08/07/2025 |
08/07/2025 |
08/08/2025 |
$0.2033 |
07/30/2025 |
07/31/2025 |
07/31/2025 |
08/01/2025 |
$0.1656 |
07/23/2025 |
07/24/2025 |
07/24/2025 |
07/25/2025 |
$0.2055 |
07/16/2025 |
07/17/2025 |
07/17/2025 |
07/18/2025 |
$0.2048 |
07/09/2025 |
07/10/2025 |
07/10/2025 |
07/11/2025 |
$0.2056 |
07/02/2025 |
07/03/2025 |
07/03/2025 |
07/07/2025 |
$0.2044 |
06/25/2025 |
06/26/2025 |
06/26/2025 |
06/27/2025 |
$0.2020 |
06/17/2025 |
06/18/2025 |
06/18/2025 |
06/20/2025 |
$0.2021 |
06/11/2025 |
06/12/2025 |
06/12/2025 |
06/13/2025 |
$0.2033 |
06/04/2025 |
06/05/2025 |
06/05/2025 |
06/06/2025 |
$0.2015 |
05/28/2025 |
05/29/2025 |
05/29/2025 |
05/30/2025 |
$0.2000 |
05/21/2025 |
05/22/2025 |
05/22/2025 |
05/23/2025 |
$0.2040 |
05/14/2025 |
05/15/2025 |
05/15/2025 |
05/16/2025 |
$0.2004 |
05/07/2025 |
05/08/2025 |
05/08/2025 |
05/09/2025 |
$0.1999 |
04/30/2025 |
05/01/2025 |
05/01/2025 |
05/02/2025 |
$0.1938 |
04/23/2025 |
04/24/2025 |
04/24/2025 |
04/25/2025 |
$0.3500 |
04/16/2025 |
04/17/2025 |
04/17/2025 |
04/21/2025 |
$0.3524 |
04/09/2024 |
04/10/2025 |
04/10/2025 |
04/11/2025 |
$0.2858 |
04/02/2025 |
04/03/2025 |
04/03/2025 |
04/04/2025 |
$0.3134 |
03/26/2025 |
03/27/2025 |
03/27/2025 |
03/28/2025 |
$0.3229 |
03/19/2025 |
03/20/2025 |
03/20/2025 |
03/21/2025 |
$0.3225 |
03/12/2025 |
03/13/2025 |
03/13/2025 |
03/14/2025 |
$0.3320 |
03/05/2025 |
03/06/2025 |
03/06/2025 |
03/07/2025 |
$0.2266 |
02/26/2025 |
02/27/2025 |
02/27/2025 |
02/28/2025 |
$0.2311 |
02/19/2025 |
02/20/2025 |
02/20/2025 |
02/21/2025 |
$0.2355 |
02/12/2025 |
02/13/2025 |
02/13/2025 |
02/14/2025 |
$0.2337 |
02/05/2025 |
02/06/2025 |
02/06/2025 |
02/07/2025 |
$0.2343 |
01/29/2025 |
01/30/2025 |
01/30/2025 |
01/31/2025 |
$0.0987 |
01/22/2025 |
01/23/2025 |
01/23/2025 |
01/24/2025 |
$0.1404 |
01/15/2025 |
01/16/2025 |
01/16/2025 |
01/17/2025 |
$0.2290 |
01/07/2025 |
01/08/2025 |
01/08/2025 |
01/10/2025 |
$0.2337 |
12/30/2024 |
12/31/2024 |
12/31/2024 |
01/03/2025 |
$0.2375 |
12/24/2024 |
12/26/2024 |
12/26/2024 |
12/27/2024 |
$0.2375 |
12/18/2024 |
12/19/2024 |
12/19/2024 |
12/20/2024 |
$0.1832 |
12/11/2024 |
12/12/2024 |
12/12/2024 |
12/13/2024 |
$0.2065 |
12/04/2024 |
12/05/2024 |
12/05/2024 |
12/06/2024 |
$0.2016 |
11/26/2024 |
11/27/2024 |
11/27/2024 |
11/29/2024 |
$0.2885 |
11/20/2024 |
11/21/2024 |
11/21/2024 |
11/22/2024 |
$0.2452 |
11/13/2024 |
11/14/2024 |
11/14/2024 |
11/15/2024 |
$0.3347 |
11/06/2024 |
11/07/2024 |
11/07/2024 |
11/08/2024 |
$0.2874 |
10/30/2024 |
10/31/2024 |
10/31/2024 |
11/01/2024 |
$0.2498 |
10/23/2024 |
10/24/2024 |
10/24/2024 |
10/25/2024 |
$0.2525 |
10/16/2024 |
10/17/2024 |
10/17/2024 |
10/18/2024 |
$0.2533 |
10/09/2024 |
10/10/2024 |
10/10/2024 |
10/11/2024 |
$0.3338 |
09/30/2024 |
10/01/2024 |
10/01/2024 |
10/03/2024 |
$1.8085 |
08/30/2024 |
09/03/2024 |
09/03/2024 |
09/05/2024 |
$2.7568 |
07/30/2024 |
07/31/2024 |
07/31/2024 |
08/02/2024 |
$0.5582 |
06/28/2024 |
07/01/2024 |
07/01/2024 |
07/03/2024 |
$0.4619 |
05/31/2024 |
06/03/2024 |
06/03/2024 |
06/05/2024 |
$0.5532 |
04/30/2024 |
05/01/2024 |
05/02/2024 |
05/06/2024 |
$0.7614 |
03/28/2024 |
04/01/2024 |
04/02/2024 |
04/04/2024 |
$0.5500 |
02/29/2024 |
03/01/2024 |
03/04/2024 |
03/06/2024 |
$0.6000 |
01/31/2024 |
02/01/2024 |
02/02/2024 |
02/06/2024 |
$0.5800 |
12/27/2023 |
12/28/2023 |
12/29/2023 |
01/04/2024 |
$0.5000 |
11/30/2023 |
12/01/2023 |
12/04/2023 |
12/06/2023 |
$0.6500 |
10/31/2023 |
11/01/2023 |
11/02/2023 |
11/06/2023 |
$0.9100 |
09/29/2023 |
10/02/2023 |
10/03/2023 |
10/05/2023 |
$0.9000 |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| No records found | |||||
| Distribution Rate *
Payable As of 02/20/2026 |
30.00% |
| Distribution Frequency | Weekly |
| 30-Day SEC Yield ** As of 01-31-2026 |
-0.84% |
