Distributions from the ETFs include the following estimated return of capital per the 01/31/2025 19-a1 Notice for: Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF, ticker QQQY 0.00%; Defiance S&P 500 Enhanced Options & 0DTE Income ETF, ticker WDTE 0.00%; Defiance R2000 Enhanced Options & 0DTE Income ETF, ticker IWMY 0.00%; and per the 01/03/2025 19-a1 Notice for: Defiance S&P 500 Income Target ETF, ticker SPYT 84.21%; Defiance Oil Enhanced Options Income ETF, ticker USOY 62.45%; Defiance Nasdaq 100 Income Target ETF, ticker QQQT 100%

As of 01/31/2025 The 30-Day SEC Yield* for QQQY is 3.16%, WDTE is 3.16%, IWMY is 3.12%, SPYT is 0.47%, USOY is 2.79%, and QQQT is -0.11% 

The performance data quoted above represents pas 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. See links below for standardized performance.

The Distribution rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero.

The Gross Expense Ratio for QQQT is 0.92%, QQQY is 1.00%, WDTE is 1.01%, IWMY 1.02%, USOY is 1.22%, and SPYT is 0.87%.

QQQY Inception Date: 9/13/2023. WDTE Inception Date: 9/18/2023. IWMY Inception Date: 10/30/2023. SPYT Inception Date: 03/07/2024. USOY Inception Date: 05/09/2024. QQQT Inception Date: 06/20/2024. 

Click here for QQQY Standardized Performance. Click here for WDTE Standardized Performance. Click here for IWMY Standardized Performance. Click here for SPYT Standardized Performance. Click here for USOY Standardized Performance. Click here for QQQT Standardized Performance

Leveraged ETFs