$SPYT

SPYT

$

Defiance S&P 500 Income Target ETF

Name(Required)
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Distribution Rate *
–%
As of 02/29/2024
Distribution Frequency
Monthly.
30-Day SEC Yield **
–%
As of 02/29/2024
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, maximizing income potential. 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.

Fund Data and Pricing

Net Assets $10.51M
Premium/discount 0.02%
NAV $19.11
Closing Price $19.11
Shares Outstanding 550,000
Median 30 Day Spread 0.20%
Data as of 04/19/2024

Fund Details

Fund inception 03/07/24
Ticker SPYT
Primary Exchange NYSE
CUSIP 88636J568
Fund Holdings 5
NAV Symbol SPYT.NV
Expense Ratio 0.94%
30 Day SEC Yield* –%
* Yield as of —

SPYTMarket 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% 1.74%
Market Price (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 1.95%
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
Ishares Core S&p 500 Etf IVV $497.53 99.26% 20,965 $10,430,716
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 0.60% 63,290 $63,290
Cboe S&p Cll Opt 04/24 4970 SPXW 240422C04970000 $19.75 0.39% 21 $41,475
Cash & Other Cash&Other $1.00 0.24% 25,233 $25,233
Cboe S&p Cll Opt 04/24 4960 SPXW 240422C04960000 $25.10 -0.50% -21 $-52,710
Data as of 04/22/2024. 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 ($)
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 $x
5/31/2024 6/3/2024 6/3/2024 6/5/2024 $x
6/28/2024 7/1/2024 7/1/2024 7/3/2024 $x
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 02/29/2024
–%
Distribution Frequency Monthly
30-Day SEC Yield **
As of 02/29/2024
–%