Key stats
About Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF
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Inception date
Sep 14, 2023
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
QQQY is actively managed, seeking to make daily income and monthly distributions by utilizing an index put-write strategy. Any distribution that is made will be taxed at the higher ordinary income rate. The strategy involves daily selling of Nasdaq-100 Index put options that are either at-the-money or up to 5% in-the-money, expiring the next trading day or the same day (0DTE). The option positions become profitable if the Nasdaq-100 Index moves higher. The fund will not directly or fully participate in the gains of the index. Even during periods of adverse market conditions, the fund will not seek defensive positions. QQQY is the first ETF to use daily options. As such, the funds risk and return potential will fluctuate daily. A significant portion of the portfolio will be held in short-term US Treasury securities, which will serve as collateral for the short put option positions. Prior to Sep. 26, 2024, the fund name was Defiance Nasdaq 100 Enhanced Options Income ETF.
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
Government
Cash
Bonds, Cash & Other100.00%
Government82.86%
Cash12.05%
Mutual fund5.69%
Rights & Warrants−0.60%
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
QQQY top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 3.0% 15-JUL-2025, occupying 24.43% and 21.65% of the portfolio correspondingly.
QQQY last dividends amounted to 0.19 USD. The week before, the issuer paid 0.19 USD in dividends, which shows a 2.96% increase.
QQQY assets under management is 152.44 M USD. It's risen 24.39% over the last month.
QQQY fund flows account for 8.87 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, QQQY pays dividends to its holders with the dividend yield of 78.93%. The last dividend (May 23, 2025) amounted to 0.19 USD. The dividends are paid weekly.
QQQY shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Sep 14, 2023, and its management style is Active.
QQQY expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
QQQY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQQY invests in bonds.
QQQY price has risen by 8.88% over the last month, and its yearly performance shows a −44.10% decrease. See more dynamics on QQQY price chart.
NAV returns, another gauge of an ETF dynamics, showed a −5.15% decrease in three-month performance and has increased by 2.20% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −5.15% decrease in three-month performance and has increased by 2.20% in a year.
QQQY trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.