USOY
The Defiance Oil Enhanced Options Income ETF
Distribution Rate *
50.00%
Payable As of 04/10/2026
Distribution Frequency
Weekly
30-Day SEC Yield **
As of 03-31-2026
2.03%
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 04/10/2026 19-a1 Notice: 0.00%. Distributions which include return of capital decrease the Fund’s NAV and trading price which over time can result in losses on an investment.
USOYMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 59.55% | 34.21% | 59.55% | 55.58% | 57.95% |
| Market Price (%) | 59.87% | 33.80% | 59.87% | 55.17% | 57.61% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 44.48% | xx.xx% | xx.xx% | 27.31% |
| Market Price (%) | 43.70% | xx.xx% | xx.xx% | 27.16% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 18.88% | 9.04% | 18.10% | 11.67% | 17.69% |
| Market Price (%) | 19.49% | 9.11% | 18.20% | 11.80% | 17.79% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 8.61% | xx.xx% | xx.xx% | 9.43% |
| Market Price (%) | 8.37% | xx.xx% | xx.xx% | 9.48% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | 9.03% | 9.03% | 8.26% | 0.62% | 7.94% |
| Market Price (%) | 9.51% | 9.51% | 8.29% | 0.64% | 7.96% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | -2.27% | xx.xx% | xx.xx% | 4.51% |
| Market Price (%) | -2.46% | xx.xx% | xx.xx% | 4.52% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -7.12% | -0.66% | -2.49% | -2.24% | -1.00% |
| Market Price (%) | -7.95% | -1.08% | -2.94% | -2.90% | -1.42% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | -7.12% | xx.xx% | xx.xx% | -0.61% |
| Market Price (%) | -7.95% | xx.xx% | xx.xx% | -0.86% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -6.51% | -0.05% | -5.45% | 0.59% | -0.35% |
| Market Price (%) | -6.95% | -0.03% | -5.41% | 0.21% | -0.34% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | -1.26% | xx.xx% | xx.xx% | -0.22% |
| Market Price (%) | -1.63% | xx.xx% | xx.xx% | -0.22% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -6.46% | -1.80% | -7.05% | 5.18% | -0.29% |
| Market Price (%) | -6.91% | -1.85% | -7.06% | 5.04% | -0.31% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 2.55% | xx.xx% | xx.xx% | -0.20% |
| Market Price (%) | 2.12% | xx.xx% | xx.xx% | -0.21% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -4.75% | -3.67% | 0.26% | -7.13% | 1.53% |
| Market Price (%) | -5.16% | -3.60% | 0.05% | -7.39% | 1.57% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 8.22% | xx.xx% | xx.xx% | 1.09% |
| Market Price (%) | 7.70% | xx.xx% | xx.xx% | 1.13% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -1.12% | -1.75% | 6.38% | -2.74% | 5.40% |
| Market Price (%) | -1.62% | -1.77% | 5.95% | -3.06% | 5.36% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | 10.58% | xx.xx% | xx.xx% | 4.09% |
| Market Price (%) | 8.92% | xx.xx% | xx.xx% | 4.06% |
| 2025 | |
|---|---|
| Total Return NAV(%) | -7.12% |
| Market Price (%) | -7.95% |
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.
Fund Details
Data as of 04/09/2026
Net Assets
$74.33M
Premium/discount
4.67%
NAV
$8.10
Closing Price
$8.48
Shares Outstanding
9,175,000
Median 30 Day Spread
0.12%
Fund inception
05/09/24
Ticker
USOY
Primary Exchange
NYSE
CUSIP
88636J378
Fund Holdings
11
NAV Symbol
USOY.NV
Expense Ratio
1.22%
30 Day SEC Yield*
2.03%
* Yield as of 03-31-2026
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| United States Treasury Bill 09/03/2026 | 912797RS8 | $98.58 | 34.30% | 26,922,000 | $26,540,224 |
| United States Treasury Bill 07/09/2026 | 912797RF6 | $99.13 | 21.26% | 16,592,000 | $16,447,800 |
| United States Treasury Bill 08/06/2026 | 912797RG4 | $98.86 | 19.29% | 15,101,000 | $14,928,786 |
| United States Treasury Bill 06/11/2026 | 912797QX8 | $99.41 | 15.71% | 12,228,000 | $12,156,222 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 8.06% | 6,235,001 | $6,235,001 |
| Cash & Other | Cash&Other | $1.00 | 7.70% | 5,955,299 | $5,955,299 |
| Uso 06/18/2026 140.01 C | 2USO 260618C00140010 | $9.68 | 7.69% | 6,150 | $5,953,323 |
| United States Treasury Bill 05/12/2026 | 912797TR8 | $99.71 | 7.09% | 5,501,000 | $5,485,136 |
| Uso Us 04/17/26 C139 | USO 260417C00139000 | $1.88 | 1.49% | 6,150 | $1,156,200 |
| Uso Us 04/17/26 C130 | USO 260417C00130000 | $3.85 | -3.06% | -6,150 | $-2,367,750 |
Data as of 04/13/2026. Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
View full holdings
| Download Fund Documents |
|---|
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
05/06/2026 |
05/07/2026 |
05/07/2026 |
05/08/2026 |
$– |
04/29/2026 |
04/30/2026 |
04/30/2026 |
05/01/2026 |
$– |
04/22/2026 |
04/23/2026 |
04/23/2026 |
04/24/2026 |
$– |
04/15/2026 |
04/16/2026 |
04/16/2026 |
04/17/2026 |
$– |
04/08/2026 |
04/09/2026 |
04/09/2026 |
04/10/2026 |
$0.0885 |
04/01/2026 |
04/02/2026 |
04/02/2026 |
04/06/2026 |
$0.0968 |
03/25/2026 |
03/26/2026 |
03/26/2026 |
03/27/2026 |
$0.0911 |
03/18/2026 |
03/19/2026 |
03/19/2026 |
03/20/2026 |
$0.0907 |
03/11/2026 |
03/12/2026 |
03/12/2026 |
03/13/2026 |
$0.1103 |
03/04/2026 |
03/05/2026 |
03/05/2026 |
03/06/2026 |
$0.0741 |
02/25/2026 |
02/26/2026 |
02/26/2026 |
02/27/2026 |
$0.0709 |
02/18/2026 |
02/19/2026 |
02/19/2026 |
02/20/2026 |
$0.0680 |
02/11/2026 |
02/12/2026 |
02/12/2026 |
02/13/2026 |
$0.0698 |
02/04/2026 |
02/05/2026 |
02/05/2026 |
02/06/2026 |
$0.0679 |
01/28/2026 |
01/29/2026 |
01/29/2026 |
01/30/2026 |
$0.0671 |
01/21/2026 |
01/22/2026 |
01/22/2026 |
01/23/2026 |
$0.0655 |
01/14/2026 |
01/15/2026 |
01/15/2026 |
01/16/2026 |
$0.0664 |
01/07/2026 |
01/08/2026 |
01/08/2026 |
01/09/2026 |
$0.0520 |
12/30/2025 |
12/31/2025 |
12/31/2025 |
01/02/2026 |
$0.0527 |
12/23/2025 |
12/24/2025 |
12/24/2025 |
12/26/2025 |
$0.0529 |
12/17/2025 |
12/18/2025 |
12/18/2025 |
12/19/2025 |
$0.0660 |
12/10/2025 |
12/11/2025 |
12/11/2025 |
12/12/2025 |
$0.0714 |
12/03/2025 |
12/04/2025 |
12/04/2025 |
12/05/2025 |
$0.0578 |
11/25/2025 |
11/26/2025 |
11/26/2025 |
11/28/2025 |
$0.0711 |
11/19/2025 |
11/20/2025 |
11/20/2025 |
11/21/2025 |
$0.0945 |
11/12/2025 |
11/13/2025 |
11/13/2025 |
11/14/2025 |
$0.0719 |
11/05/2025 |
11/06/2025 |
11/06/2025 |
11/07/2025 |
$0.0719 |
10/29/2025 |
10/30/2025 |
10/30/2025 |
10/31/2025 |
$0.0855 |
10/22/2025 |
10/23/2025 |
10/23/2025 |
10/24/2025 |
$0.0855 |
10/15/2025 |
10/16/2025 |
10/16/2025 |
10/17/2025 |
$0.0846 |
10/08/2025 |
10/09/2025 |
10/09/2025 |
10/10/2025 |
$0.0901 |
10/01/2025 |
10/02/2025 |
10/02/2025 |
10/03/2025 |
$0.0977 |
09/24/2025 |
09/25/2025 |
09/25/2025 |
09/26/2025 |
$0.0959 |
09/17/2025 |
09/18/2025 |
09/18/2025 |
09/19/2025 |
$0.0975 |
09/10/2025 |
09/11/2025 |
09/11/2025 |
09/12/2025 |
$0.1019 |
09/03/2025 |
09/04/2025 |
09/04/2025 |
09/05/2025 |
$0.0690 |
08/27/2025 |
08/28/2025 |
08/28/2025 |
08/29/2025 |
$0.0933 |
08/20/2025 |
08/21/2025 |
08/21/2025 |
08/22/2025 |
$0.1096 |
08/13/2025 |
08/14/2025 |
08/14/2025 |
08/15/2025 |
$0.1407 |
08/06/2025 |
08/07/2025 |
08/07/2025 |
08/08/2025 |
$0.1337 |
07/30/2025 |
07/31/2025 |
07/31/2025 |
08/01/2025 |
$0.1363 |
07/23/2025 |
07/24/2025 |
07/24/2025 |
07/25/2025 |
$0.0986 |
07/16/2025 |
07/17/2025 |
07/17/2025 |
07/18/2025 |
$0.1603 |
07/09/2025 |
07/10/2025 |
07/10/2025 |
07/11/2025 |
$0.1840 |
07/02/2025 |
07/03/2025 |
07/03/2025 |
07/07/2025 |
$0.1397 |
06/25/2025 |
06/26/2025 |
06/26/2025 |
06/27/2025 |
$0.1999 |
06/17/2025 |
06/18/2025 |
06/18/2025 |
06/20/2025 |
$0.1461 |
05/30/2025 |
06/02/2025 |
06/02/2025 |
06/03/2025 |
$0.7695 |
04/30/2025 |
05/01/2025 |
05/01/2025 |
05/02/2025 |
$0.5385 |
03/31/2025 |
04/01/2025 |
04/01/2025 |
04/02/2025 |
$0.8045 |
02/28/2025 |
03/03/2025 |
03/03/2025 |
03/04/2025 |
$0.7060 |
01/31/2025 |
02/03/2025 |
02/03/2025 |
02/04/2025 |
$1.0071 |
12/30/2024 |
12/31/2024 |
12/31/2024 |
01/03/2025 |
$0.7898 |
11/29/2024 |
12/02/2024 |
12/02/2024 |
12/04/2024 |
$0.8704 |
10/31/2024 |
11/01/2024 |
11/01/2024 |
11/04/2024 |
$0.7833 |
09/30/2024 |
10/01/2024 |
10/01/2024 |
10/03/2024 |
$0.6106 |
08/30/2024 |
09/03/2024 |
09/03/2024 |
09/05/2024 |
$1.0558 |
07/30/2024 |
07/31/2024 |
07/31/2024 |
08/02/2024 |
$0.7700 |
06/28/2024 |
07/01/2024 |
07/01/2024 |
07/03/2024 |
$1.2365 |
05/31/2024 |
06/03/2024 |
06/03/2024 |
06/05/2024 |
$0.7164 |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| No records found | |||||
| Distribution Rate *
Payable As of 04/10/2026 |
50.00% |
| Distribution Frequency | Weekly |
| 30-Day SEC Yield ** As of 03-31-2026 |
2.03% |
