Key stats
About Strategic Trust DailyDelta Q100 Downside Option Strategy ETF
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Inception date
Mar 10, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Kelly Strategic Management LLC
Distributor
Foreside Fund Services LLC
QDWN aims for capital appreciation while limiting single-day risk. The fund seeks inverse exposure to the Nasdaq-100 Index's daily downside by investing in cash-settled, exchange-traded put options that typically have a short time to expiration (i.e., one week or less). Under normal market conditions, the fund purchases closest to at-the-money options contracts with daily expiration. On days when the Nasdaq-100 Index is flat or positive, the fund limits downside risk to 10% or less of its net asset value (NAV), setting a daily option loss limit equal to the amount spent on option premiums. The remaining 90% is held in short-term US Treasury securities, with an average portfolio effective duration of approximately six months. The fund is actively managed and does not invest directly in the Nasdaq-100 Index nor in companies that it comprises. Thus, the funds performance will differ from that of the index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash87.02%
Mutual fund11.22%
Rights & Warrants1.77%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QDWN assets under management is 145.31 K USD. It's fallen 19.71% over the last month.
QDWN fund flows account for −3.14 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QDWN pays dividends to its holders with the dividend yield of 3.36%. The last dividend (Jun 30, 2025) amounted to 0.23 USD. The dividends are paid quarterly.
QDWN shares are issued by Kelly Intelligence LLC under the brand DailyDelta. The ETF was launched on Mar 10, 2025, and its management style is Active.
QDWN expense ratio is 1.35% meaning you'd have to pay 1.35% of your investment to help manage the fund.
QDWN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QDWN invests in cash.
QDWN trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.