Key stats
About Tidal Trust II Defiance S&P 500 Target Income ETF
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Inception date
Mar 7, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
SPYT is actively managed which seeks daily income and consistent monthly distributions by utilizing an index credit spread option strategy. The strategy involves daily selling of S&P 500 credit call spreads that are either at-the-money or near-the-money, with near-term expirations, and buying call options at a higher strike price. The sold option positions become profitable if the S&P 500 Indexs value increases above the call spreads cap. Additionally, the fund targets an annual income level of 20% and aims to hold cash or US Treasurys up to 10% of the portfolio as collateral for the option strategy. Even during periods of adverse market conditions, the fund will not seek defensive positions, nor directly or fully participate in the gains of the index. As such, the funds risk and return potential will fluctuate daily.
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
ETF
Bonds, Cash & Other100.00%
ETF99.79%
Mutual fund0.48%
Cash−0.27%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPYT invests in funds. The fund's major sectors are ETF, with 99.79% stocks, and Mutual fund, with 0.48% of the basket. The assets are mostly located in the North America region.
SPYT last dividends amounted to 0.28 USD. The month before, the issuer paid 0.30 USD in dividends, which shows a 5.08% decrease.
SPYT assets under management is 109.95 M USD. It's risen 15.30% over the last month.
SPYT fund flows account for 107.66 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, SPYT pays dividends to its holders with the dividend yield of 21.85%. The last dividend (May 2, 2025) amounted to 0.28 USD. The dividends are paid monthly.
SPYT shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Mar 7, 2024, and its management style is Active.
SPYT expense ratio is 0.94% meaning you'd have to pay 0.94% of your investment to help manage the fund.
SPYT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPYT invests in funds.
SPYT price has risen by 8.51% over the last month, and its yearly performance shows a −12.95% decrease. See more dynamics on SPYT price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.84% decrease in three-month performance and has decreased by −0.44% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.84% decrease in three-month performance and has decreased by −0.44% in a year.
SPYT trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.