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QQQTDefiance Nasdaq 100 Income Target ETF

Get income2y track recordRanked #1,341 of 1,650 in this goal

Seeks current income and exposure to the performance of the Nasdaq 100 Index.

By Defiance ETFs LLC · Launched 2024

Annual Cost

1.20%

#5,480 of 5,854 · expensive

Fund Size

$47M

#3,698 of 5,854 · mid-size

Dividend YieldGoal

10.74%

Track Record

2 years

#3,538 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,903+19.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.0% of fundconcentrated

Invesco QQQ Trust Series 1
99.6%
First American Government Obli
0.4%
N/ANDXP 2 C25020
0.0%
N/ANDXP 2 C25060
0.0%

Asset allocation

Stocks
97.9%
Other
3.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
17.9%Moderate

Year-on-year price swings

Max drawdown
-22.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income and exposure to the performance of the Nasdaq 100 Index.
Strategy
Actively managed ETF primarily generating current income by holding shares of unaffiliated passively managed ETFs and selling daily credit call spreads on the Nasdaq 100 Index. Focuses on options with near-term expiration to enhance yield through options premiums.
Inception date
June 20, 2024
Fund family
Defiance ETFs LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03