SPYT | The Defiance S&P 500 Income Target ETF
$SPYT
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SPYT

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Defiance S&P 500 Income Target ETF

Name(Required)
This field is for validation purposes and should be left unchanged.
Distribution Rate *
20.06%
As of 01/31/2025
Distribution Frequency
Monthly.
30-Day SEC Yield **
0.47%
As of 01/31/2025
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.

rating

Aim to achieve a target annual income of 20% in the S&P 500 using options, paid out monthly***

Strategy Overview

SPYT is an actively managed exchange-traded fund (“ETF”) dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the S&P 500’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

SPYT’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, SPYT sells credit call spreads on the S&P 500, 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 S&P 500 value rise above the upper strike price, SPYT stands to profit from further upside appreciation in the Index’s value.

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

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 monthly income, there is no assurance a distribution will be made. If distributions are made, it is likely such distributions will vary greatly from one distribution to the next.

Distribution from SPYT include the following estimated return of capital per the 11/4/24 19-a1 Notice: 76.69%. Distributions which include return of capital decrease the Fund’s NAV and trading price which over time can result in losses on an investment.

Fund Details

Data as of 02/07/2025
Net Assets $98.36M
Premium/discount 0.16%
NAV $19.10
Closing Price $19.13
Shares Outstanding 5,150,000
Median 30 Day Spread 0.05%
Fund inception 03/07/24
Ticker SPYT
Primary Exchange NYSE
CUSIP 88636J568
Fund Holdings 4
NAV Symbol SPYT.NV
Expense Ratio 0.87%
30 Day SEC Yield* 0.47%
* Yield as of 01/31/2025

SPYTMarket Price

Performance

YTD 1 Month 3 Months 6 Months Since Inception
Total Return NAV (%) 2.07% 2.07% 4.69% 7.98% 15.35%
Market Price (%) 1.83% 1.83% 4.43% 7.99% 15.33%
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% -2.36% 1.75% 6.58% 13.00%
Market Price (%) xx.xx% -2.41% 1.86% 6.82% 13.26%
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% 5.04% 6.01% 12.41% 15.73%
Market Price (%) xx.xx% 5.09% 6.39% 12.68% 16.05%
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% -0.79% 3.14% 11.97% 10.18%
Market Price (%) xx.xx% -0.68% 3.41% 12.08% 10.43%
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% 1.73% 4.74% 9.16% 11.06%
Market Price (%) xx.xx% 1.93% 4.86% 9.06% 11.18%
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% 2.20% 6.03% xx.xx% 9.17%
Market Price (%) xx.xx% 2.14% 5.90% xx.xx% 9.08%
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% 0.74% 8.56% xx.xx% 6.82%
Market Price (%) xx.xx% 0.72% 8.39% xx.xx% 6.80%
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% 2.98% 4.22% xx.xx% 6.03%
Market Price (%) xx.xx% 2.95% 4.00% xx.xx% 6.03%
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% 4.63% xx.xx% xx.xx% 2.96%
Market Price (%) xx.xx% 4.53% xx.xx% xx.xx% 3.00%
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% -3.28% xx.xx% xx.xx% -1.60%
Market Price (%) xx.xx% -3.35% xx.xx% xx.xx% -1.47%
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% 1.74%
Market Price (%) xx.xx% xx.xx% xx.xx% xx.xx% 1.95%
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%
2024
Total Return NAV(%) xx.xx%
Market Price (%) 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
Ishares Core S&p 500 Etf IVV $603.80 100.10% 163,062 $98,456,836
Spx 02/10/2025 6038.04 C 4SPX 250210C06038040 $7.89 0.15% 184 $145,176
Cash & Other Cash&Other $1.00 0.00% 846 $846
Spx 02/10/2025 6025.99 C 4SPX 250210C06025990 $13.26 -0.25% -184 $-243,984
Data as of 02/10/2025. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
3/28/2024 4/1/2024 4/2/2024 4/4/2024 $0.34
4/30/2024 5/1/2024 5/2/2024 5/6/2024 $0.3238
5/31/2024 6/3/2024 6/3/2024 6/5/2024 $0.3302
6/28/2024 7/1/2024 7/1/2024 7/3/2024 $0.3369
7/30/2024 7/31/2024 7/31/2024 8/2/2024 $0.3302
8/30/2024 9/3/2024 9/3/2024 9/5/2024 $0.3333
9/30/2024 10/1/2024 10/1/2024 10/3/2024 $0.3338
10/31/2024 11/1/2024 11/1/2024 11/4/2024 $0.3324
11/29/2024 12/2/2024 12/2/2024 12/4/2024 $0.3356
12/30/2024 12/31/2024 12/31/2024 1/3/2025 $0.3284
01/31/2025 02/03/2025 02/03/2025 02/04/2025 $0.3272
Distribution Rate *
As of 01/31/2025
20.06%
Distribution Frequency Monthly
30-Day SEC Yield **
As of 01/31/2025
0.47%