ETF profile for Defiance S&P 500 Target Income ETF (SPYT) from the issuer: top holdings, net assets, expense ratio and shares outstanding.

SPYT ETF Profile

Name: SPYT ETF Profile
Creator: Market Chameleon

Family:	Defiance ETFs
Name:	Defiance S&P 500 Target Income ETF

Inception Date:	7-Mar-2024
Termination Date:
Investment Objective:	SPYT is an actively managed exchange-traded fund ("ETF") dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the S&P 500's performance and engaging in the selling of daily credit call spreads on the Index. Our options strategy involves selling a call option while simultaneously buying another call option at a higher strike price, maximizing income potential. By focusing on short-term options, we aim to offer an "enhanced" yield compared to traditional option-based strategies. SPYT's investment approach is meticulously designed to generate income through option premiums derived from selling Index call spreads, the primary driver of the Fund's yield. We sell at-the-money or near-the-money call spreads to retain upside growth potential and aim for a target annual income level of 20%. Each day, SPYT sells credit call spreads on the S&P 500, prioritizing options with near-term expiration. This entails selling call options at or near the money strike prices and buying call options above that strike price. Should the S&P 500 value rise above the upper strike price, SPYT stands to profit from further upside appreciation in the Index's value.

Prospectus