Defiance Nasdaq 100 Enhanced Options Income ETFDefiance Nasdaq 100 Enhanced Options Income ETFDefiance Nasdaq 100 Enhanced Options Income ETF

Defiance Nasdaq 100 Enhanced Options Income ETF

No trades
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Key stats

Assets under management (AUM)
‪249.60 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
71.05%
Discount/Premium to NAV
0.2%

About Defiance Nasdaq 100 Enhanced Options Income ETF

Issuer
Defiance ETFs LLC
Brand
Defiance
Expense ratio
0.99%
Inception date
Sep 14, 2023
Index tracked
No Underlying Index
Management style
Active
QQQY is actively managed, seeking to make monthly distributions by utilizing an index put-write strategy. Any distribution that is made will be taxed at the higher ordinary income rate. The strategy involves daily selling of Nasdaq-100 Index put options that are either at-the-money or up to 5% in-the-money, expiring the next trading day. The option positions become profitable if the Nasdaq-100 Index moves higher. The fund will not directly or fully participate in the gains of the index. Even during periods of adverse market conditions, the fund will not seek defensive positions. QQQY is the first ETF to use daily options. As such, the funds risk and return potential will fluctuate daily. A significant portion of the portfolio will be held in short-term US Treasury securities which will serve as collateral for the short put option positions.

Classification

Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of May 6, 2024
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government98.93%
Mutual fund5.95%
Cash−4.88%
Stock breakdown by region
100%
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