As of 10/31/2024 The 30-Day SEC Yield* for QQQY is 3.52%, WDTE is 3.48%, IWMY is 3.57%, SPYT is 0.51%, USOY is 3.45%, and QQQT is -0.10% 

The Gross Expense Ratio for QQQT is 1.05%, QQQY, WDTE, IWMY, and USOY is 0.99%, SPYT is 0.94%.

Distributions from the ETFs include the following estimated return of capital per the 11/1/24 and 11/4/24 19-a1 Notice: Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF, ticker QQQY 85.72%; Defiance S&P 500 Enhanced Options & 0DTE Income ETF, ticker WDTE 76.46%; Defiance R2000 Enhanced Options & 0DTE Income ETF, ticker IWMY 89.09%; Defiance S&P 500 Income Target ETF, ticker SPYT 76.69%; Defiance Oil Enhanced Options Income ETF, ticker USOY 82.83%; Defiance Nasdaq 100 Income Target ETF, ticker QQQT 82.32%

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. 

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. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.