$USOY
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USOY

$

The Defiance Oil Enhanced Options Income ETF

Name(Required)
Distribution Rate *
65.28%
As of 12/30/2024
Distribution Frequency
Monthly.
30-Day SEC Yield **
4.18%
As of 12/31/2024
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

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”), subject to a limit on potential investment gains. 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).

—

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.

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 USOY include the following estimated return of capital per the 11/4/24 19-a1 Notice: 82.83%. 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 01/16/2025
Net Assets $22.37M
Premium/discount 0.36%
NAV $14.67
Closing Price $14.72
Shares Outstanding 1,525,000
Median 30 Day Spread 0.14%
Fund inception 05/09/24
Ticker USOY
Primary Exchange NYSE
CUSIP 88636J378
Fund Holdings 9
NAV Symbol USOY.NV
Expense Ratio 1.22%
30 Day SEC Yield* 4.18%
* Yield as of 12/31/2024
The Fund’s strategy will cap its potential options income gains if USO shares increase in value. The Fund’s strategy is subject to all potential losses if USO shares decline, which may or may not be offset by income received by the Fund. The Fund does not invest directly in USO shares. The Fund does not invest directly in oil or oil reserves.

USOYMarket Price

Performance

YTD 1 Month 3 Months 6 Months Since Inception
Total Return NAV (%) xx.xx% 5.61% 13.62% 3.60% 6.59%
Market Price (%) xx.xx% 5.72% 13.56% 3.95% 7.10%
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% 3.81% 5.89% 0.94% 0.93%
Market Price (%) xx.xx% 3.78% 4.73% 1.61% 1.31%
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% 3.63% -3.21% xx.xx% -2.78%
Market Price (%) xx.xx% 3.51% -3.14% xx.xx% -2.38%
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% -1.57% -8.82% xx.xx% -6.18%
Market Price (%) xx.xx% -2.50% -8.46% xx.xx% -5.69%
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% -5.12% -4.67% xx.xx% -4.69%
Market Price (%) xx.xx% -4.02% -2.98% xx.xx% -3.27%
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% -2.37% xx.xx% xx.xx% 0.45%
Market Price (%) xx.xx% -2.17% xx.xx% xx.xx% 0.78%
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% 2.90% xx.xx% xx.xx% 2.89%
Market Price (%) xx.xx% 3.33% xx.xx% xx.xx% 3.02%
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% -0.02%
Market Price (%) xx.xx% xx.xx% xx.xx% xx.xx% -0.30%
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.

Top Holdings

View full holdings
Name Symbol Stock price % Net assets Shares Held Market Value
Cash & Other Cash&Other $1.00 20.43% 4,569,704 $4,569,704
United States Treasury Note/bond 2.625% 04/15/2025 91282CEH0 $99.61 18.82% 4,226,000 $4,209,416
United States Treasury Note/bond 3% 07/15/2025 91282CEY3 $99.38 17.23% 3,877,000 $3,853,137
United States Treasury Note/bond 3.875% 01/15/2026 91282CGE5 $99.69 17.16% 3,851,000 $3,839,035
United States Treasury Bill 02/13/2025 912797MK0 $99.68 6.83% 1,533,000 $1,528,148
United States Treasury Bill 03/11/2025 912797NQ6 $99.38 6.83% 1,538,000 $1,528,445
United States Treasury Bill 05/15/2025 912797LB1 $98.63 6.73% 1,527,000 $1,506,085
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 6.64% 1,484,830 $1,484,830
Uso Us 01/17/25 P83 USO 250117P00083000 $0.54 -0.68% -2,798 $-151,092
Data as of 01/17/2025. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings

Distribution

Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
05/31/2024 06/03/2024 06/03/2024 06/05/2024 $0.7164
6/28/2024 7/1/2024 7/1/2024 7/3/2024 $1.2365
7/30/2024 7/31/2024 7/31/2024 8/2/2024 $0.7700
8/30/2024 9/3/2024 9/3/2024 9/5/2024 $1.0558
9/30/2024 10/1/2024 10/1/2024 10/3/2024 $0.6106
10/31/2024 11/1/2024 11/1/2024 11/4/2024 $0.7833
11/29/2024 12/2/2024 12/2/2024 12/4/2024 $0.8704
12/30/2024 12/31/2024 12/31/2024 1/3/2025 $0.7898
Distribution Rate *
As of 12/30/2024		 65.28%
Distribution Frequency Monthly
30-Day SEC Yield **
As of 12/31/2024		 4.18%