QLDY
Nasdaq 100 LightningSpread™ Income ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Nasdaq 100 LightningSpread™ Income ETF (QLDY)
QLDY is an actively managed ETF that seeks frequent income while maintaining the opportunity for indirect exposure to the performance of the Nasdaq-100 Index, subject to a limit on potential investment gains. QLDY is the first ETF designed to make distributions twice weekly, aiming to deliver more frequent income than traditional income-focused funds.
The Fund uses its proprietary LightningSpread™ strategy, which combines two approaches:
-
Synthetic equity exposure through deep in-the-money call options on the Nasdaq-100, providing participation in equity market performance.
-
Daily option premium generation through the systematic sale of zero-days-to-expiration (0DTE) put spreads, seeking to capture rapid time decay from short-dated options.
By blending these exposures, QLDY seeks to provide investors with consistent income opportunities along with measured equity participation. The strategy is designed to balance potential growth and premium income while recognizing the risks of options trading and market volatility.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary objective is to seek capital appreciation.
There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment. While the ETF seeks to provide twice-weekly income, there is no assurance a distribution will be made. If distributions are made, it is likely such distributions will vary significantly from one distribution to the next.
Distributions from QLDY include the following estimated return of capital per the 02/19/2026 19-a1 Notice: 100.00%. Distributions which include return of capital decrease the Fund’s NAV and trading price, which over time can result in losses on an investment.
*** The fund intends to pay Distributions, if any, on a bi-weekly basis.
QLDYMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 0.82% | 0.82% | -1.36% | xx.xx% | 5.46% |
| Market Price (%) | 1.00% | 1.00% | -1.72% | xx.xx% | 5.19% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -0.19% | 2.60% | xx.xx% | 4.61% |
| Market Price (%) | xx.xx% | -0.48% | 2.07% | xx.xx% | 4.16% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | -1.98% | xx.xx% | xx.xx% | 4.80% |
| Market Price (%) | xx.xx% | -2.22% | xx.xx% | xx.xx% | 4.66% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 4.87% | xx.xx% | xx.xx% | 6.92% |
| Market Price (%) | xx.xx% | 4.89% | xx.xx% | xx.xx% | 7.03% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 1.95% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | 2.04% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| 2025 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Fund Details
Data as of 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Ndx 12/18/2026 2001.44 C | 4NDX 261218C02001440 | $22.00 | 90.47% | 12 | $27,509,641 |
| United States Treasury Bill 09/03/2026 | 912797RS8 | $98.13 | 14.24% | 4,414,000 | $4,331,293 |
| United States Treasury Bill 08/06/2026 | 912797RG4 | $98.36 | 0.91% | 282,000 | $277,381 |
| Ndxp Us 02/19/26 P24840 | NDXP 260219P24840000 | $98.90 | 0.20% | 6 | $59,340 |
| Xnd 12/18/2026 10.44 C | 4XND 261218C00010440 | $238.80 | 0.08% | 1 | $23,880 |
| Ndxp Us 02/19/26 P24970 | NDXP 260219P24970000 | $157.10 | -0.31% | -6 | $-94,260 |
| Cash & Other | Cash&Other | $1.00 | -5.50% | -1,673,481 | $-1,673,481 |
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
02/24/2026 |
02/25/2026 |
02/25/2026 |
02/26/2026 |
$– |
02/19/2026 |
02/20/2026 |
02/20/2026 |
02/23/2026 |
$– |
02/17/2026 |
02/18/2026 |
02/18/2026 |
02/19/2026 |
$0.1661 |
02/12/2026 |
02/13/2026 |
02/13/2026 |
02/17/2026 |
$0.1708 |
02/10/2026 |
02/11/2026 |
02/11/2026 |
02/12/2026 |
$0.1722 |
02/05/2026 |
02/06/2026 |
02/06/2026 |
02/09/2026 |
$0.1705 |
02/03/2026 |
02/04/2026 |
02/04/2026 |
02/05/2026 |
$0.1777 |
01/29/2026 |
01/30/2026 |
01/30/2026 |
02/02/2026 |
$0.1813 |
01/27/2026 |
01/28/2026 |
01/28/2026 |
01/29/2026 |
$0.1792 |
01/22/2026 |
01/23/2026 |
01/23/2026 |
01/26/2026 |
$0.1763 |
01/20/2026 |
01/21/2026 |
01/21/2026 |
01/22/2026 |
$0.1792 |
01/15/2026 |
01/16/2026 |
01/16/2026 |
01/20/2026 |
$0.1798 |
01/13/2026 |
01/14/2026 |
01/14/2026 |
01/15/2026 |
$0.1830 |
01/08/2026 |
01/09/2026 |
01/09/2026 |
01/12/2026 |
$0.1824 |
01/06/2026 |
01/07/2026 |
01/07/2026 |
01/08/2026 |
$0.1809 |
01/02/2026 |
01/05/2026 |
01/05/2026 |
01/06/2026 |
$0.1812 |
12/30/2025 |
12/31/2025 |
12/31/2025 |
01/02/2026 |
$0.1845 |
12/26/2025 |
12/29/2025 |
12/29/2025 |
12/30/2025 |
$0.1864 |
12/23/2025 |
12/24/2025 |
12/24/2025 |
12/26/2025 |
$0.1853 |
12/18/2025 |
12/19/2025 |
12/19/2025 |
12/22/2025 |
$0.1788 |
12/16/2025 |
12/17/2025 |
12/17/2025 |
12/18/2025 |
$0.1830 |
12/11/2025 |
12/12/2025 |
12/12/2025 |
12/15/2025 |
$0.1897 |
12/09/2025 |
12/10/2025 |
12/10/2025 |
12/11/2025 |
$0.1891 |
12/04/2025 |
12/05/2025 |
12/05/2025 |
12/08/2025 |
$0.1895 |
12/02/2025 |
12/03/2025 |
12/03/2025 |
12/04/2025 |
$0.1874 |
11/28/2025 |
12/01/2025 |
12/01/2025 |
12/02/2025 |
$0.1869 |
11/25/2025 |
11/26/2025 |
11/26/2025 |
11/28/2025 |
$0.1841 |
11/20/2025 |
11/21/2025 |
11/21/2025 |
11/24/2025 |
$0.1829 |
11/18/2025 |
11/19/2025 |
11/19/2025 |
11/20/2025 |
$0.1854 |
11/13/2025 |
11/14/2025 |
11/14/2025 |
11/17/2025 |
$0.1924 |
11/11/2025 |
11/12/2025 |
11/12/2025 |
11/13/2025 |
$0.1937 |
11/06/2025 |
11/07/2025 |
11/07/2025 |
11/10/2025 |
$0.1941 |
11/04/2025 |
11/05/2025 |
11/05/2025 |
11/06/2025 |
$0.1985 |
10/30/2025 |
10/31/2025 |
10/31/2025 |
11/03/2025 |
$0.2010 |
10/28/2025 |
10/29/2025 |
10/29/2025 |
10/30/2025 |
$0.1983 |
10/23/2025 |
10/24/2025 |
10/24/2025 |
10/27/2025 |
$0.1918 |
10/21/2025 |
10/22/2025 |
10/22/2025 |
10/23/2025 |
$0.1941 |
10/16/2025 |
10/17/2025 |
10/17/2025 |
10/20/2025 |
$0.1925 |
10/14/2025 |
10/15/2025 |
10/15/2025 |
10/16/2025 |
$0.1925 |
10/09/2025 |
10/10/2025 |
10/10/2025 |
10/13/2025 |
$0.1968 |
10/07/2025 |
10/08/2025 |
10/08/2025 |
10/09/2025 |
$0.1968 |
10/02/2025 |
10/03/2025 |
10/03/2025 |
10/06/2025 |
$0.1966 |
09/30/2025 |
10/01/2025 |
10/01/2025 |
10/02/2025 |
$0.1956 |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | $x | |
| xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | $x | |
| xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | $x | |
| xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | xx/xx/xxxx | $x |
| Distribution Rate *
Payable As of 02/19/2026 |
40.00% |
| Distribution Frequency | Bi-Weekly |
| 30-Day SEC Yield ** As of 01-31-2026 |
-0.73% |
