$USOY

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USOY

$

The Defiance Oil Enhanced Options Income ETF

Name(Required)
This field is for validation purposes and should be left unchanged.
Distribution Rate *
75.17%
As of 08/30/2024
Distribution Frequency
Monthly.
30-Day SEC Yield **
4.30%
As of 08/31/2024
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.

Fund Details

 Data as of 09/18/2024
Net Assets $13.24M
Premium/discount 1.08%
NAV $15.14
Closing Price $15.30
Shares Outstanding 875,000
Median 30 Day Spread 0.26%
Fund inception 05/09/24
Ticker USOY
Primary Exchange NYSE
CUSIP 88636J378
Fund Holdings 7
NAV Symbol USOY.NV
Expense Ratio 0.99%
30 Day SEC Yield* 4.30%
* Yield as of 08/31/2024
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 1 Year 3 Years 5 Years Since Inception
Total Return NAV (%) xx.xx% -5.12% -4.67% xx.xx% xx.xx% xx.xx% xx.xx% -4.69%
Market Price (%) xx.xx% -4.02% -2.98% xx.xx% xx.xx% xx.xx% xx.xx% -3.27%
1 Year Since Inception
Total Return (%) xx.xx% xx.xx%
Market Price (%) xx.xx% xx.xx%
YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception
Total Return NAV (%) xx.xx% -2.37% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 0.45%
Market Price (%) xx.xx% -2.17% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 0.78%
1 Year Since Inception
Total Return (%) xx.xx% xx.xx%
Market Price (%) xx.xx% xx.xx%
YTD 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years Since Inception
Total Return NAV (%) xx.xx% 2.90% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 2.89%
Market Price (%) xx.xx% 3.33% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% 3.02%
1 Year Since Inception
Total Return (%) xx.xx% xx.xx%
Market Price (%) xx.xx% xx.xx%
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% -0.02%
Market Price (%) xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% xx.xx% -0.30%
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.

Top Holdings

View full holdings
Name Symbol Stock price % Net assets Shares Held Market Value
United States Treasury Note/bond 2.625% 04/15/2025 91282CEH0 $99.07 24.36% 3,342,000 $3,310,879
United States Treasury Note/bond 3.875% 01/15/2026 91282CGE5 $100.13 21.90% 2,973,000 $2,976,774
United States Treasury Note/bond 3% 07/15/2025 91282CEY3 $99.16 21.84% 2,993,000 $2,967,984
United States Treasury Note/bond 0.75% 11/15/2024 91282CDH1 $99.39 21.47% 2,936,000 $2,918,047
First American Government Obligations Fund 12/01/2031 FGXXX $100.00 7.05% 957,987 $957,987
Cash & Other Cash&Other $1.00 4.24% 575,613 $575,613
Uso Us 09/25/24 P72 USO 240925P00072000 $0.73 -0.86% -1,600 $-116,800
Data as of 09/20/2024. 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 ($)
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 —
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 08/30/2024		 75.17%
Distribution Frequency Monthly
30-Day SEC Yield **
As of 08/31/2024		 4.30%