Defiance ETFs, a leader in thematic and income ETFs, is proud to
announce monthly distributions for the QQQY - Defiance Nasdaq-100
Enhanced Options Income ETF, JEPY - Defiance S&P 500 Enhanced
Options Income ETF, IWMY – Defiance R2000 Enhanced Options Income
ETF, SPYT – Defiance S&P 500 Income Target ETF, USOY – Defiance
Oil Enhanced Options Income ETF, QQQT – Defiance Nasdaq 100 Income
Target ETF
Distribution as of
08/30/2024
ETFTicker |
Distributionper Share |
DistributionRate * |
Ex-Date |
RecordDate |
PaymentDate |
QQQY |
$3.4594 |
105.45% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
JEPY |
$2.7568 |
72.04% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
IWMY |
$3.6715 |
110.96% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
SPYT |
$0.3333 |
20.12% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
USOY |
$1.0558 |
75.17% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
QQQT |
$0.3184 |
20.06% |
09/03/2024 |
09/03/2024 |
09/05/2024 |
As of 07/31/2024 The 30-Day SEC Yield* for QQQY is 4.58%, JEPY
is 4.34%, IWMY is 4.31%, SPYT is 0.50%, USOY is 4.65%, and QQQT is
0.08%.
QQQY Inception Date: 9/13/2023Click here for QQQY Standardized
Performance. JEPY Inception Date: 9/18/2023Click here for JEPY
Standardized PerformanceIWMY Inception Date: 10/30/2023Click here
for IWMY Standardized PerformanceSPYT Inception Date:
03/07/2024Click here for SPYT Standardized PerformanceUSOY
Inception Date: 05/09/2024Click here for USOY Standardized
PerformanceQQQT Inception Date: 06/20/2024Click here for QQQT
Standardized Performance
The performance data quoted above 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
above. Performance current to the most recent month-end can be
obtained by
calling 833.333.9383.
The Gross Expense Ratio for QQQT is 1.05%, QQQY, JEPY, IWMY, and
USOY is 0.99%, URAX is 0.95%, SPYT is 0.94%.
Distributions from the ETFs include the following estimated
return of capital per the 8/2/2024 19-a1 Notice: Defiance Nasdaq
100 Enhanced Options Income ETF, ticker QQQY 50.78%; Defiance
S&P 500 Enhanced Options Income ETF, ticker JEPY 39.64%;
Defiance R2000 Enhanced Options Income ETF, ticker IWMY 70.66%;
Defiance S&P 500 Income Target ETF, ticker SPYT 85.18%;
Defiance Oil Enhanced Options Income ETF, ticker USOY 89.56%;
Defiance Nasdaq 100 Income Target ETF, ticker QQQT 100.00%
Next Distribution On
09/30/2024
About Us: Founded in 2018, Defiance stands as a
leading ETF issuer dedicated to income and thematic investing. Our
suite of first-mover leveraged & thematic ETFs empowers
investors to express targeted views on disruptive innovations,
including artificial intelligence, machine learning, and quantum
computing, while our actively managed options ETFs are designed to
seek current income.
Click here for the QQQY Prospectus.Click here for the JEPY
Prospectus.Click here for the IWMY Prospectus.Click here for the
SPYT Prospectus.Click here for the USOY Prospectus.Click here for
the QQQT Prospectus.
* The Distribution Rate is the estimated payout an investor
would receive if the most recently declared distribution, which
includes option income, remained the same going forward. The
Distribution Rate is calculated by multiplying an ETF’s
Distribution per Share by twelve (12), and dividing the resulting
amount by the ETF’s most recent NAV. The Distribution Rate
represents a single distribution from the ETF and does not
represent its total return. Distributions are not guaranteed.
** The Distribution Rate and 30-Day SEC Yield is not indicative
of future distributions, if any, on the ETFs. In particular, future
distributions on any ETF may differ significantly from its
Distribution Rate or 30-Day SEC Yield. You are not guaranteed a
distribution under the ETFs. Distributions for the ETFs (if any)
are variable and may vary significantly from month to month and may
be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield
will change over time, and such change may be significant. The
distribution may include a combination of ordinary dividends,
capital gain, and return of investor capital, which may decrease a
fund's NAV and trading price over time. As a result, an investor
may suffer significant losses to their investment. These
distribution rates caused by unusually favorable market conditions
may not be sustainable. Such conditions may not continue to exist
and there should be no expectation that this performance may be
repeated in the future. Additional fund risks can be found
below.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 833.333.9383. Read the prospectus or summary
prospectus carefully before investing.
IMPORTANT RISK INFORMATION
Investing involves risk. Principal loss is
possible. As an ETF, the funds may trade at a premium or
discount to NAV. Shares of any ETF are bought and sold at market
price (not NAV) and are not individually redeemed from the Fund.
Brokerage commissions will reduce returns.
QQQY and QQQT Index Overview: The Nasdaq 100
Index is a benchmark index that includes 100 of the largest
non-financial companies listed on the Nasdaq Stock Market, based on
market capitalization. This makes it a large-cap index, meaning its
constituents have a high market value, often in the billions of
dollars. The Index includes companies from various industries but
is heavily weighted towards the technology sector. This reflects
the Nasdaq’s historic strength as a listing venue for tech
companies. Other sectors represented include consumer
discretionary, health care, communication services, and
industrials, among others.
JEPY & SPYT Index Overview: The S&P 500
Index is a widely recognized benchmark index that tracks the
performance of 500 of the largest U.S.-based companies listed on
the New York Stock Exchange or Nasdaq. These companies represent
approximately 80% of the total U.S. equities market by
capitalization, making it a large-cap index.
IWMY Index Overview: The Russell 2000 Index is
a widely recognized benchmark index that tracks the performance of
approximately 2000 small-cap companies in the United States. These
are the smallest companies listed in the Russell 3000 Index,
representing about 10% of that index’s total market
capitalization.
QQQY Indirect Investment Risk. The Index is not
affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser,
or their respective affiliates and is not involved with this
offering in any way. Investors in the Fund will not have the right
to receive dividends or other distributions or any other rights
with respect to the companies that comprise the Index but will be
subject to declines in the performance of the Index. The Nasdaq 100
Index is a benchmark index that includes 100 of the largest
non-financial companies listed on the Nasdaq Stock Market, based on
market capitalization. This makes it a large-cap index, meaning its
constituents have a high market value, often in the billions of
dollars.
JEPY Indirect Investment Risk. The Index is not
affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser,
or their respective affiliates and is not involved with this
offering in any way. Investors in the Fund will not have the right
to receive dividends or other distributions or any other rights
with respect to the companies that comprise the Index but will be
subject to declines in the performance of the Index.
IWMY Indirect Investment Risk: The Index is
not affiliated with the Trust, the Fund, the Adviser, the
Sub-Adviser, or their respective affiliates and is not involved
with this offering in any way. Investors in the Fund will not have
the right to receive dividends or other distributions or any other
rights with respect to the companies that comprise the Index but
will be subject to declines in the performance of the Index.
An Investment in the Fund is not an investment in the Index, nor
is the Fund an investment in a traditional passively managed index
fund.
Index Trading Risk. The trading price of the
Index may be highly volatile and could continue to be subject to
wide fluctuations in response to various factors. The stock market
in general has experienced extreme price and volume fluctuations
that have often been unrelated or disproportionate to the operating
performance of companies.
S&P 500 Index Risks: The Index, which
includes a broad swath of large U.S. companies, is primarily
exposed to overall economic and market conditions. Recession,
inflation, and changes in interest rates can significantly impact
the index’s performance. Furthermore, despite its diverse
representation, a downturn in a major sector such as technology or
financials could notably affect the index. Geopolitical risks and
unexpected global events, like pandemics, can introduce volatility
and uncertainty.
The Nasdaq 100 Index Risks: The Index’s major
risks stem from its high concentration in the technology sector and
significant exposure to high-growth, high valuation companies. A
downturn in the tech industry, whether from regulatory changes,
shifts in technology, or competitive pressures, can greatly impact
the index. It’s also vulnerable to geopolitical risks due to many
constituent companies having substantial international operations.
Since many of these tech companies often trade at high valuations,
a shift in investor sentiment could lead to significant price
declines.
The Russell 2000 Index Risks: The Index, which
includes a broad swath of large U.S. companies, is primarily
exposed to overall economic and market conditions. Recession,
inflation, and changes in interest rates can significantly impact
the index’s performance. Furthermore, despite its diverse
representation, a downturn in a major sector such as technology or
financials could notably affect the index. Geopolitical risks and
unexpected global events, like pandemics, can introduce volatility
and uncertainty.
Derivatives Risk. Derivatives are financial
instruments that derive value from the underlying reference asset
or assets, such as stocks, bonds, or funds (including ETFs),
interest rates or indexes. The Fund's investments in derivatives
may pose risks in addition to, and greater than, those associated
with directly investing in securities or other ordinary
investments, including risk related to the market, imperfect
correlation with underlying investments, higher price volatility,
lack of availability, counterparty risk, liquidity, valuation and
legal restrictions.
Price Participation Risk. The Fund employs an
investment strategy that includes the sale of in-the-money put
option contracts, which limits the degree to which the Fund will
participate in increases in value experienced by the Index over the
Call Period (typically, one day, but may range up to one week).
This means that if the Index experiences an increase in value above
the strike price of the sold put options during a Call Period, the
Fund will likely not experience that increase to the same extent
and may significantly underperform the Index over the Call Period.
Additionally, because the Fund is limited in the degree to which it
will participate in increases in value experienced by the Index
over each Call Period, but has full exposure to any decreases in
value experienced by the Index over the Call Period, the NAV of the
Fund may decrease over any given time period.
Distribution Risk. As part of the Fund's
investment objective, the Fund seeks to provide current monthly
income. There is no assurance that the Fund will make a
distribution in any given month. If the Fund does make
distributions, the amounts of such distributions will likely vary
greatly from one distribution to the next.
New Fund Risk. The Fund is a recently organized
management investment company with no operating history. As a
result, prospective investors do not have a track record or history
on which to base their investment decisions.
High Portfolio Turnover Risk. The Fund may
actively and frequently trade all or a significant portion of the
Fund’s holdings. A high portfolio turnover rate increases
transaction costs, which may increase the Fund’s expenses.
Liquidity Risk. Some securities held by the
Fund, including options contracts, may be difficult to sell or be
illiquid, particularly during times of market turmoil. This risks
greater for the Fund as it will hold options contracts on a single
security, and not a broader range of options contracts.
Fixed Income Securities Risk: The prices of
fixed income securities respond to economic developments,
particularly interest rate changes, as well as to changes in an
issuer’s credit rating or market perceptions about the
creditworthiness of an issuer. Generally fixed income securities
decrease in value if interest rates rise and increase in value if
interest rates fall, and longer-term and lower rated securities are
more volatile than shorter- term and higher rated securities.
Counterparty Risk. The Fund is subject to
counterparty risk by virtue of its investments in options
contracts. Transactions in some types of derivatives, including
options, are required to be centrally cleared ("cleared
derivatives").
Options Contracts. The use of options contracts
involves investment strategies and risks different from those
associated with ordinary portfolio securities transactions. The
prices of options are volatile and are influenced by, among other
things, actual and anticipated changes in the value of the
underlying instrument, including the anticipated volatility, which
are affected by fiscal and monetary policies and by national and
international political, changes in the actual or implied
volatility or the reference asset, the time remaining until the
expiration of the option contract and economic events.
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment
adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”). The
Fund Administrator is Tidal ETF Services LLC. The investment
sub-adviser is ZEGA Financial, LLC (“ZEGA” or the
“Sub-Adviser”).
Defiance ETFs are distributed by Foreside Fund Services,
LLC.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/95f502d1-fa2f-4c78-97ed-0ab958089a51
David Hanono
Defiance ETFs
+1 833-333-9383
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