{
 "ticker": "QQQY",
 "name": "Defiance Nasdaq 100 Weekly Distribution ETF",
 "issuer": "Defiance",
 "desk": "income",
 "url": "https://etfiq.com/funds/qqqy",
 "html": "https://etfiq.com/funds/qqqy",
 "markdown": "https://etfiq.com/funds/qqqy.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, QQQY paid 31.0% in cash and still finished 1.3 points behind QQQ.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "31.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QQQY, cash paid, 1 year, on its starting price: 31.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+21.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QQQY, total return, 1 year: +21.7%, as of Sep 11, 2026."
  },
  {
   "key": "against_qqq",
   "label": "Against QQQ",
   "value": "\u22121.3 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QQQY, against QQQ: \u22121.3 pts, as of Sep 11, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (Defiance estimate)",
   "value": "100.0%",
   "source": "Defiance estimate",
   "as_of": "2026-09-11",
   "sentence": "QQQY, return of capital, latest payout (Defiance estimate): 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$188m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "QQQY, net assets: $188m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Dec 17, 2025",
   "as_of": "2026-09-11",
   "sentence": "QQQY, expense ratio: 1.01% (485BPOS XBRL, Dec 17, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Nasdaq-100 (QQQ)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$188m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "30.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Dec 17, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "35.7%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 14, 2023",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "100.0%",
   "source": "Defiance 19a-1 estimate"
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.1288 ex Sep 10, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$1.6702",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "8.2%",
   "Price": "\u22127.1%",
   "Total return": "+1.1%",
   "QQQ": "\u22120.8%",
   "Ahead or behind": "+1.9 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "17.0%",
   "Price": "+3.0%",
   "Total return": "+20.7%",
   "QQQ": "+20.7%",
   "Ahead or behind": "0.0 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "31.0%",
   "Price": "\u221213.0%",
   "Total return": "+21.7%",
   "QQQ": "+23.0%",
   "Ahead or behind": "\u22121.3 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "86.6%",
   "Price": "\u221263.4%",
   "Total return": "+55.3%",
   "QQQ": "+92.8%",
   "Ahead or behind": "\u221237.5 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has QQQY paid over the last year?",
   "a": "Over the year to Sep 11, 2026, QQQY paid 31.0% of its starting price in cash distributions, while the price fell 13.0%."
  },
  {
   "q": "Is QQQY ahead of QQQ?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, QQQY returned +21.7% against +23.0% for Nasdaq-100 (QQQ), so a holder was behind it by 1.3 points."
  },
  {
   "q": "How often does QQQY pay, and how much?",
   "a": "QQQY pays weekly. The latest distribution annualizes to 30.3% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the QQQY distribution return of capital?",
   "a": "Defiance estimates 100% of the distribution paid Sep 4, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  },
  {
   "q": "When does QQQY next pay a distribution?",
   "a": "QQQY pays weekly. The last distribution went ex on Sep 10, 2026 at $0.1288 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 17, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day."
  },
  {
   "q": "What does QQQY cost?",
   "a": "The prospectus expense ratio is 1.01% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}