QQQT
Defiance Nasdaq 100 Income Target ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Aim to achieve a target annual income of 20% in the Nasdaq 100 using options, paid out monthly***
Strategy Overview
QQQT is an actively managed exchange-traded fund (“ETF”) dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the Nasdaq 100’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. By focusing on short-term options, we aim to offer an “enhanced” yield compared to traditional option-based strategies.
Income Generation
QQQT’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, QQQT sells credit call spreads on the Nasdaq 100, 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 Nasdaq 100 value rise above the upper strike price, QQQT stands to profit from further upside appreciation in the Index’s value.
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*** The fund intends to pay distributions, if any, on a monthly basis.
Fund Details
Data as of 06/28/2024QQQTMarket 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 |
|---|---|---|---|---|---|
| Invesco Qqq Trust Series 1 | QQQ | $479.11 | 99.17% | 10,280 | $4,925,251 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 0.93% | 46,042 | $46,042 |
| Exchange Cll Opt 07/24 19790 | NDXP 240701C19790000 | $35.40 | 0.21% | 3 | $10,620 |
| Cash & Other | Cash&Other | $1.00 | 0.00% | -176 | $-176 |
| Exchange Cll Opt 07/24 19750 | NDXP 240701C19750000 | $50.80 | -0.31% | -3 | $-15,240 |
| Download Fund Documents |
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Distribution
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 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 — |
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| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
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