- What does QQQT invest in?
- The Defiance Nasdaq 100 Income Target ETF is an actively managed exchange-traded fund with the main objective of generating consistent income. To achieve this, the fund's approach involves investing in exchange-traded funds that track the Nasdaq 100. In parallel, it sells daily credit call spreads on the Nasdaq 100 Index to collect option premium income, aiming to distribute a substantial level of income to investors every month.
- What is the expense ratio of QQQT?
- NASDAQ 100 Income Target ETF (QQQT) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.
- What is QQQT's distribution yield?
- QQQT's trailing-twelve-month yield is 20.51%, calculated from the sum of distributions over the past year divided by the current price.
- How does QQQT's covered-call strategy work?
- QQQT sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is QQQT?
- NASDAQ 100 Income Target ETF (QQQT) manages $48.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is QQQT actively managed or an index fund?
- QQQT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
