QLDY

Defiance Nasdaq 100 LightningSpread Income ETF

$48.56

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) seeks to provide current income and capital appreciation by investing in a portfolio of options on the Nasdaq-100 Index.

Overview

ETF tracking Defiance Nasdaq 100 LightningSpread Income ETF

Category Technology

Issuer Other

Inception Date 2025-09-18

Market Cap $2.4M

Average Volume N/A

Dividend Yield N/A

52-Week Range $48.57 - $52.13

VWAP $48.69

Performance

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Investment Summary

📎 Investment Objective

The Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) seeks to provide current income and capital appreciation by investing in a portfolio of options on the Nasdaq-100 Index.

🎯 Investment Strategy

The fund uses an options-based strategy, selling covered call options on the Nasdaq-100 Index to generate income, while maintaining exposure to the underlying index for potential capital appreciation.

✨ Key Features

Options-based strategy that aims to generate income through covered call writing
Exposure to the large-cap, technology-focused Nasdaq-100 Index
Potential for capital appreciation alongside income generation
Low expense ratio of 0.00%

⚠️ Primary Risks

Equity market risk: The fund's performance is tied to the Nasdaq-100 Index, and is subject to the risks associated with equity markets
Options-related risks: The use of options strategies introduces additional risks, such as the potential for losses greater than the initial investment
Concentration risk: The fund's focus on the technology sector may make it more volatile than a more diversified fund
Liquidity risk: The fund may have difficulty trading certain options positions, which could impact performance

👤 Best For

This ETF may be suitable for investors seeking a combination of current income and capital appreciation, with a focus on the technology sector. Investors should have a moderate to high-risk tolerance and a longer-term investment horizon to accommodate the potential volatility associated with the options-based strategy.