NASDAQ 100 Income Target ETF
QQQT
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- Defiance Nasdaq 100 Income Target ETF (QQQT) is an actively managed exchange-traded fund that seeks to generate current monthly income targeting 20% annually through a strategy of holding shares of Nasdaq-100-tracking ETFs, such as the Invesco QQQ Trust Series 1, and selling daily credit call spreads on the Nasdaq-100 Index; this involves selling at-the-money or near-the-money call options while simultaneously buying higher-strike call options with near-term expirations to capture option premiums, retain upside potential above the upper strike, and collateralize positions with cash or short-term U.S. Treasury securities. The fund provides exposure primarily to large-cap growth stocks in the technology, consumer discretionary, and communication services sectors that comprise the Nasdaq-100, targeting retail and institutional investors seeking enhanced yield with limited growth participation. Issued by Defiance ETFs LLC, founded in 2018 and headquartered in Miami, Florida, QQQT trades on Nasdaq with an expense ratio of 1.05% and assets under management of approximately $35 million as of late 2025. Launched on June 20, 2024, the ETF has maintained its core daily options overlay strategy without major product alterations, continuing monthly distributions that have averaged around $0.30-$0.34 per share in 2025, driven by option income though occasionally including return of capital. Defiance ETFs, the sponsor, has pursued broader firm-level expansions including multiple new ETF launches in 2025, such as leveraged single-stock products like VSTL (2X Vistra Corp.) in July, JPX (2X JPMorgan Chase) in July, and YBMN (options income on BitMine Immersion Technologies) in November via partnership with Milliman Financial Risk Management; these reflect strategic growth in thematic, income, and leveraged offerings. In November 2025, Defiance collaborated with Tidal Financial Group on reverse and forward stock splits for select leveraged ETFs to enhance share price accessibility and liquidity, alongside ongoing enhancements to 0DTE options strategies across its income-focused products, though QQQT's monthly credit call approach remains distinct.