DEFIANCE NASDAQ 100 LIGHTNINGSPREAD INCOME ETF (QLDY US)
QLDY US$38.69
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 38.69
- Change
- ▼ -0.14 (-0.36)
- Bid / Ask
- 38.82 - 42.76
- Volume
- 1,271
- Turnover
- 24,155
- Open
- 38.87
- Day Range
- 38.69 - 38.87
- VWAP
- 38.77
- Prev Close
- 38.83
- Last Trade
- 28/10 2:17pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$54.6M
OCT 2026
Distributions
Daily
Since inception
1.1 yrs
SEP 2025
- Legal name
- Defiance NASDAQ 100 Lightningspread Income ETF
- Issuer
- Defiance ETFs LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Derivative Income
- Category index
- CBOE S&P 500 BuyWrite BXM TR USD
- Benchmark
- NASDAQ 100 TR USD
- ETF net assets
- $54.6M
- Units on issue
- 1.5M
- Management fee
- 0.99% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 17 SEP 2025
- Listed
- 18 SEP 2025
- Index provider
- NASDAQ Index
Objective and strategy
The investment seeks to seek current income; capital appreciation. 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.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 183.73%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 183.73 | 185.47 | 1.74 |
| Bond | 0.51 | 0.51 | 0.00 |
| Cash | -86.91 | 1.26 | 88.18 |
| Other | 2.68 | 2.68 | 0.00 |
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Assets in top 10
- 183.73%
Top holdings · top 10 = 100.00% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Ndx 12/18/2026 2001.44 C | 178.31 | — | 95.2M | USD | 18 | — | — | |
| First American Government Obligs X FGXXX | 2.92 | — | 1.6M | USD | 1.6M | — | United States | |
| United States Treasury Notes 2.38% | 0.52 | — | 278,495 | USD | 282,000 | — | United States | |
| NDXP US 09/30/26 P30380 | -0.22 | — | -119,423 | USD | 9 | — | — | |
| NDXP US 09/30/26 P30230 | 0.12 | — | 66,203 | USD | 9 | — | — | |
| Xnd 12/18/2026 10.44 C | 0.10 | — | 54,128 | USD | 1 | — | — | |
| Cash Offset | -82.51 | — | -44.0M | — | 44.0M | — | — | |
| OTHER ASSETS AND LIABILITIES | 0.76 | — | 406,703 | USD | 406,703 | — | — |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
4.2
3M
-1.4
6M
29.5
YTD
17.6
1Y
20.7
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 4.22 | 4.31 | — | 10 / 330 |
| 3 months | -1.42 | -1.49 | — | 75 / 301 |
| 6 months | 29.47 | 29.67 | — | 8 / 274 |
| Year to date | 17.61 | 18.33 | — | 13 / 259 |
| 1 year | 20.67 | 20.80 | — | 16 / 232 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -2.95 | — | — | — |
| Beta | 1.81 | — | — | — |
| R-squared | 82.25 | — | — | — |
| Standard deviation | 26.28 | — | — | — |
| Sharpe ratio | 0.69 | — | — | — |
| Sortino ratio | 1.51 | — | — | — |
| Tracking error | 15.36 | — | — | — |
| Information ratio | 0.32 | — | — | — |
| Upside capture % | 160.52 | — | — | — |
| Downside capture % | 218.73 | — | — | — |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.99% p.a.
- PDS dated
- 23 MAY 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1501
- Ex Date
- 23 OCT 2026
- Record Date
- 23 OCT 2026
- Pay Date
- 26 OCT 2026
- NAV at ex date
- 37.69
- Paid this year
- 6.6802
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
5.1
| Year | Per unit ($) |
|---|---|
| 2024 | 5.1477 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 23 OCT 2026 | 0.1501 |
| 21 OCT 2026 | 0.1491 |
| 16 OCT 2026 | 0.1523 |
| 14 OCT 2026 | 0.1570 |
| 9 OCT 2026 | 0.1606 |
| 7 OCT 2026 | 0.1608 |
| 2 OCT 2026 | 0.1579 |
| 30 SEP 2026 | 0.1578 |
| 25 SEP 2026 | 0.1593 |
| 11 SEP 2026 | 0.1556 |
| 9 SEP 2026 | 0.1570 |
| 2 SEP 2026 | 0.1532 |
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
- Category average
- 8.47%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Scott Snyder
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 1
- Average tenure
- 1.1 years
- Longest tenure
- 1.1 years
- Longest serving
- Scott Snyder · since 17 SEP 2025
- Most recent appointment
- Scott Snyder · since 17 SEP 2025
- Managed since
- 17 SEP 2025
- Other funds managed
- 11
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
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