$QQQT

QQQT

$

Defiance Nasdaq 100 Income Target ETF

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Distribution Rate *
–%
As of —
Distribution Frequency
Monthly.
30-Day SEC Yield **
As of —
rating

Aim to achieve a target annual income of 20% in the Nasdaq 100 using options, paid out monthly***

Strategy Overview

QQQT is an actively managed exchange-traded fund (“ETF”) dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the Nasdaq 100’s performance and engaging in the selling of daily credit call spreads on the Index.

Enhanced Potential Yield

Our options strategy involves selling a call option while simultaneously buying another call option at a higher strike price. By focusing on short-term options, we aim to offer an “enhanced” yield compared to traditional option-based strategies.

Income Generation

QQQT’s investment approach is meticulously designed to generate income through option premiums derived from selling Index call spreads, the primary driver of the Fund’s yield. We sell at-the-money or near-the-money call spreads to retain upside growth potential and aim for a target annual income level of 20%.

Trading

Each day, QQQT sells credit call spreads on the Nasdaq 100, prioritizing options with near-term expiration. This entails selling call options at or near the money strike prices and buying call options above that strike price. Should the Nasdaq 100 value rise above the upper strike price, QQQT stands to profit from further upside appreciation in the Index’s value.

*** The fund intends to pay distributions, if any, on a monthly basis.

Fund Details

Data as of 07/17/2024
Net Assets $5.94M
Premium/discount 0.16%
NAV $19.80
Closing Price $19.83
Shares Outstanding 300,000
Median 30 Day Spread 0.20%
Fund inception 06/20/24
Ticker QQQT
Primary Exchange NASDAQ
CUSIP 88636J576
Fund Holdings 5
NAV Symbol QQQT.NV
Expense Ratio 1.05%
30 Day SEC Yield*
* Yield as of —

QQQTMarket Price

Performance

YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception
Total Return NAV (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% -0.69%
Market Price (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% -0.45%
1 Year Since Inception
Total Return (%) xx.xx% xx.xx%
Market Price (%) xx.xx% xx.xx%
The performance data quoted represents past 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. Market price is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Name Symbol Stock price % Net assets Shares Held Market Value
Invesco Qqq Trust Series 1 QQQ $479.49 112.73% 17,365 $8,326,344
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 1.42% 105,204 $105,204
Ndxp Us 07/22/24 C19690 NDXP 240722C19690000 $155.40 0.84% 4 $62,160
Ndxp Us 07/22/24 C19650 NDXP 240722C19650000 $178.60 -0.97% -4 $-71,440
Cash & Other Cash&Other $1.00 -14.03% -1,036,313 $-1,036,313
Data as of 07/19/2024. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings

Distribution

Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
7/31/2024 8/1/2024 8/1/2024 8/5/2024 $x
8/30/2024 9/3/2024 9/3/2024 9/5/2024 $x
9/30/2024 10/1/2024 10/1/2024 10/3/2024 $x
10/31/2024 11/1/2024 11/1/2024 11/4/2024 $x
11/29/2024 12/2/2024 12/2/2024 12/4/2024 $x
12/30/2024 12/31/2024 12/31/2024 1/5/2025 $x
Distribution Rate *
As of —
Distribution Frequency Monthly
30-Day SEC Yield **
As of —