# Opportunistic Trader ETF (WZRD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/wzrd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Opportunistic Trader · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-06-25 The fund is an actively managed ETF that seeks to generate investor return by investing in a portfolio of equity securities of individual companies both directly and indirectly through investments of exchange-traded index funds (“ETFs”) and ETNs (collectively, “ETFs”). The fund manager also anticipates investing significantly in derivatives, including primarily options and futures, that provide exposure to such companies and index ETFs. ## Key Facts | Metric | Value | |---|---| | Price | $5.87 | | Expense Ratio | 1.07% | | Assets Under Management | $445,346 | | NAV | $4.31 | | Holdings Count | 0 | | Distribution Yield (TTM) | 20.80% | | Annual Distribution (TTM) | $1.22 /share | | Distribution Frequency | Monthly | | 52-Week Range | $3.70 – $417.60 | | Beta | -1.54 | ## Latest Distribution - Amount: $1.2213 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-24 ## Frequently Asked Questions ### What does WZRD invest in? The fund is an actively managed ETF that seeks to generate investor return by investing in a portfolio of equity securities of individual companies both directly and indirectly through investments of exchange-traded index funds (“ETFs”) and ETNs (collectively, “ETFs”). The fund manager also anticipates investing significantly in derivatives, including primarily options and futures, that provide exposure to such companies and index ETFs. ### What is the expense ratio of WZRD? Opportunistic Trader ETF (WZRD) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is WZRD? Opportunistic Trader ETF (WZRD) manages $445,346 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is WZRD actively managed or an index fund? WZRD is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (WZRD's is 1.07%) in exchange for the discretion to over- or under-weight positions. ### When was WZRD launched? Opportunistic Trader ETF (WZRD) launched in June 2025 and is managed by Opportunistic Trader. ### How has WZRD performed? WZRD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does WZRD pay a dividend? Opportunistic Trader ETF (WZRD) currently distributes little or no income. Trailing-twelve-month yield is 20.80%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does WZRD pay dividends? Opportunistic Trader ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is WZRD's dividend yield? WZRD's trailing-twelve-month yield is 20.80%, calculated from the sum of dividends over the past year divided by the current price. ### When is WZRD's next ex-dividend date? The most recently announced ex-dividend date for WZRD was 2026-09-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will WZRD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.07% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does WZRD charge its expense ratio? The expense ratio is deducted in tiny daily slices from WZRD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does WZRD cost more than a fund like VOO? WZRD is actively managed (current expense ratio 1.07%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether WZRD's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to WZRD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as WZRD (1.07%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/wzrd - Distribution history: https://www.dividenddata.com/funds/wzrd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/wzrd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/wzrd/expenses - Peer comparison: https://www.dividenddata.com/funds/wzrd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.