# QLDY (Defiance Nasdaq 100 LightningSpread(TM) Income ETF)

Defiance · Income ETFs · data as of Sep 11, 2026

Since its launch on Sep 18, 2025, QLDY paid 28.6% in cash and still finished 10.8 points behind QQQ.

## Key facts

- QLDY, cash paid, since launch, on its starting price: 28.6%, as of Sep 11, 2026.
- QLDY, total return, since launch: +9.9%, as of Sep 11, 2026.
- QLDY, against QQQ: −10.8 pts, as of Sep 11, 2026.
- QLDY, return of capital, latest payout (Defiance estimate): 2.3%, as of Sep 11, 2026.
- QLDY, net assets: $50m (the issuer own daily fund list, as of Sep 11, 2026).
- QLDY, expense ratio: 1.04% (485BPOS XBRL, May 23, 2025).

## QLDY over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | QQQ | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 8.2% | −13.0% | −4.9% | −0.8% | −4.1 pts |
| 6 months | 18.1% | −2.1% | +16.3% | +20.7% | −4.4 pts |
| Since launch | 28.6% | −20.2% | +9.9% | +20.7% | −10.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | Nasdaq-100 (QQQ) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $50m | the issuer own daily fund list, as of Sep 11, 2026 |
| Latest payout, annualized | 20.2% | ETFIQ |
| Expense ratio | 1.04% | 485BPOS XBRL, May 23, 2025 |
| Cash paid, last 12 months, over today’s price | 35.8% | ETFIQ |
| Launched | Sep 18, 2025 | ETFIQ |
| Return of capital, latest distribution | 2.3% | Defiance 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 5 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.157 ex Sep 9, 2026 | ETFIQ |
| Sum of the last 12 distributions | $1.907 | ETFIQ |

## Questions

### How much has QLDY paid over the last year?

Over the period from its launch on Sep 18, 2025 to Sep 11, 2026, QLDY paid 28.6% of its starting price in cash distributions, while the price fell 20.2%.

### Is QLDY ahead of QQQ?

Over the period from its launch on Sep 18, 2025 to Sep 11, 2026, with every distribution reinvested, QLDY returned +9.9% against +20.7% for Nasdaq-100 (QQQ), so a holder was behind it by 10.8 points.

### How often does QLDY pay, and how much?

QLDY pays weekly. The latest distribution annualizes to 20.2% at its price on Sep 11, 2026, which is not a promise; the next one can differ.

### Is the QLDY distribution return of capital?

Defiance estimates 2% of the distribution paid Sep 3, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

### When does QLDY next pay a distribution?

QLDY pays weekly. The last distribution went ex on Sep 9, 2026 at $0.157 a share. The next is not declared; on a cadence of about 5 days the ex-date falls near Sep 14, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.

### What does QLDY cost?

The prospectus expense ratio is 1.04% a year.


## Cite this page

ETFIQ, QLDY, data as of Sep 11, 2026. https://etfiq.com/funds/qldy
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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