USOY
The Defiance Oil Enhanced Options Income ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Seek Income in Oil with Options
USOY is an actively managed ETF that seeks income while maintaining the opportunity for indirect exposure to the share price of United States Oil Fund, LP (“USO”). USOY aims to generate additional income from its options investments when USO’s share price rises in value, based on the specific put options it sold.
USOY uses an at-the-money or in-the-money put selling strategy to provide income and exposure to the price of the USO. The Fund’s options contracts provide current income from the premium it receives from the sale of such options contracts. In addition, the Fund’s in-the-money put options may provide upside appreciation, also known as “intrinsic value.”
At least once a week, the Fund will sell put options that are priced either at-the-money or up to five percent in-the-money. If the Fund sells an option that’s priced above the current market price, the Fund may profit if USOY’s share price increases above its current price, stays flat, or decreases slightly (i.e., the decrease to the Fund is less than the original extrinsic premium received).
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At-the-money options: The strike price equals the current market price of the Underlying ETP’s shares.
In-the-money options: The strike price is more favorable than the current market price of the Underlying ETP’s shares.
Fund Details
Data as of 05/17/2024USOYMarket Price
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|---|---|---|
| Total Return (NAV) (%) | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% |
| Market Price (%) | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (NAV) (%) | –.–% | –.–% |
| Market Price (%) | –.–% | –.–% |
| 2023 | |
|---|---|
| Total Return (NAV) (%) | –.–% |
| Market Price (%) | –.–% |
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| United States Treasury Note/bond 0.75% 11/15/2024 | 91282CDH1 | $97.84 | 48.92% | 1,265,000 | $1,237,642 |
| United States Treasury Note/bond 2.625% 04/15/2025 | 91282CEH0 | $97.78 | 48.89% | 1,265,000 | $1,236,950 |
| Cash & Other | Cash&Other | $1.00 | 3.50% | 88,633 | $88,633 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 0.38% | 9,528 | $9,528 |
| Uso Us 05/22/24 P78 | USO 240522P00078000 | $1.32 | -1.69% | -325 | $-42,738 |
| Download Fund Documents |
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Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 6/28/2024 | 7/1/2024 | 7/1/2024 | 7/3/2024 | — | |
| 7/31/2024 | 8/1/2024 | 8/1/2024 | 8/5/2024 | — | |
| 8/30/2024 | 9/3/2024 | 9/3/2024 | 9/5/2024 | — | |
| 9/30/2024 | 10/1/2024 | 10/1/2024 | 10/3/2024 | — | |
| 10/31/2024 | 11/1/2024 | 11/1/2024 | 11/4/2024 | — | |
| 11/29/2024 | 12/2/2024 | 12/2/2024 | 12/4/2024 | — | |
| 12/30/2024 | 12/31/2024 | 12/31/2024 | 1/5/2025 | — |
| Distribution Rate *
As of — |
-.–% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-.–% |