Defiance ETFs LLCDerivative IncomeQLDY · Nasdaq

Defiance Nasdaq 100 LightningSpread Income ETF (QLDY)

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Price: $36.25; —12 Nov 2026
Assets: $53.4M; Total net assets
Expense ratio: 1.04%; Category 0.88%
Yield: 27.60%; Trailing distributions

1Y return: 8.3%+1.5%; Category 6.7%
3Y CAGR: —; Category 15.6%
5Y CAGR: —; Category 8.6%

$36.25—12 Nov 2026

Fund

Assets: $53.4M
Expense: 1.04%
Categ. exp: 0.88%
Yield: 27.60%

ReturnFundCateg.

1Y8.3%6.7%

3Y—15.6%

5Y—8.6%

Launch10.9%—

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Defiance Nasdaq 100 LightningSpread Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-7.5%	-6.7%	-7.3%	+9.3%	+8.3%	—	—	—	+10.9%
Derivative Income average	-5.4%	-2.6%	-0.3%	7.7%	6.7%	15.6%	8.6%	8.3%	6.2%
Difference	-2.1%	-4.1%	-7.1%	+1.6%	+1.5%	—	—	—	+4.7%

Holdings

The 1 largest positions make up 2.9% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
FGXXX	First American Government Obligs X	2.92%

Sector allocation

Share of the equity the fund holds.

Technology60.8%
Communication services13.0%
Consumer discretionary10.7%
Consumer staples6.2%
Health care3.6%
Industrials2.9%
Utilities1.1%
Materials1.0%
Energy0.5%
Financial services0.2%

Asset mix

Stocks178.3%
Other0.8%
Bonds0.5%

Credit quality

Share of the bonds by rating.

US government0.5%

ETF details

Issuer: Defiance ETFs LLC
Category: Equity · Derivative Income
Ticker: QLDY
Exchange: Nasdaq
Inception: 17 Sept 2025 (1.2 years)
Structure: Exchange Traded Fund
Expense ratio: 1.04% (category 0.88%)
Holdings turnover: 0% (category 68%)
Distribution yield: 27.60%
Beta, 3 years: 0.00
Total net assets: $53.4M
Average duration: 2.38 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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