QLDY Defiance Nasdaq 100 LightningSpread Income ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 40.67 | Day Range | 40.45 – 40.87 |
| 52-Week Range | 37.40 – 52.35 | Volume | 15.05K |
| Avg Volume | 41.48K | AUM | $50.9M (Aug 27, 2026) |
| Expense Ratio | 1.04% | Yield (TTM) | 39.70% |
| NAV | 40.72 | Premium/Discount | -0.12% indicative |
| Inception | Sep 17, 2025 | Holdings | 7 |
| Issuer | Defiance | Exchange | NASDAQ |
| Category | International | Index Tracked | Nasdaq-100 |
| CUSIP | 88636V884 | ISIN | US88636V8845 |
| Management | Actively managed (per issuer description) | ||
About this ETF
The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income and, secondarily, capital appreciation. The fund seeks to achieve its investment objectives by employing a “LightningSpread" strategy, which is designed to generate daily income that the fund manager intends to distribute twice weekly. The fund’s strategy also seeks to provide long exposure to the price return of the Nasdaq 100 index (the “index”). The fund is non-diversified.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.90% | -15.13% | -5.87% | -13.20% | — | — | — | — | -19.40% |
| Total return | +1.39% | -11.46% | +8.47% | +5.60% | — | — | — | — | +8.85% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.04% | Annual cost of a $10,000 investment | $104.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 7 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NDX 12/18/2026 2001.44 C | — | 90.71% | 17 | $46.4M |
| 2 | First American Government Obligations Fund… | — | 4.07% | 2.08M | $2.1M |
| 3 | Cash & Other | — | 3.06% | 1.56M | $1.6M |
| 4 | XND 12/18/2026 10.44 C | — | 1.71% | 31 | $874.9K |
| 5 | United States Treasury Note/Bond 2.375%… | — | 0.55% | 282.00K | $278.7K |
| 6 | EXCHANGE PUT OPT 08/26 29220 | — | 0.12% | 8 | $60.3K |
| 7 | EXCHANGE PUT OPT 08/26 29370 | — | -0.22% | -8 | -$112.8K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 39.70% | Paid (last 12 months) | $16.1677 |
| Frequency | Irregular | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 21, 2026 | Last payment | $0.1590 (Aug 22, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 21, 2026 | Aug 21, 2026 | Aug 22, 2026 | $0.1590 |
| Aug 14, 2026 | Aug 14, 2026 | Aug 15, 2026 | $0.1630 |
| Aug 12, 2026 | Aug 12, 2026 | Aug 13, 2026 | $0.1636 |
| Aug 07, 2026 | Aug 07, 2026 | Aug 10, 2026 | $0.1635 |
| Aug 05, 2026 | Aug 05, 2026 | Aug 06, 2026 | $0.1597 |
| Jul 31, 2026 | Jul 31, 2026 | Aug 03, 2026 | $0.1514 |
| Jul 29, 2026 | Jul 29, 2026 | Jul 30, 2026 | $0.1573 |
| Jul 24, 2026 | Jul 24, 2026 | Jul 27, 2026 | $0.1643 |
| Jul 22, 2026 | Jul 22, 2026 | Jul 23, 2026 | $0.1629 |
| Jul 17, 2026 | Jul 17, 2026 | Jul 20, 2026 | $0.1695 |
| Jul 15, 2026 | Jul 15, 2026 | Jul 16, 2026 | $0.1685 |
| Jul 10, 2026 | Jul 10, 2026 | Jul 13, 2026 | $0.1689 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 22.42% / — | Sharpe 1Y / 3Y | 0.384 / — |
| Max drawdown 1Y / 3Y | -18.35% / — | Sortino 1Y | 0.543 |
| Beta vs S&P 500 (3Y) | 1.79 | Correlation vs S&P 500 (1Y) | 0.901 |
| Downside deviation 1Y | 15.88% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 15.05K | Average volume | 41.48K |
| AUM | $50.9M | Premium/Discount | -0.12% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $457.5K | +0.91% | $50.1M → $50.6M |
| 1 Week | -$933.0K | -1.78% | $52.3M → $50.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for QLDY
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.