Defiance ETFs Reveals Monthly Distributions for September

Author: Caleb Price Updated: 09-30-2024 12:12 AM

Defiance ETFs Unveils Monthly Distributions

Defiance ETFs has announced its monthly distributions, showcasing a robust set of options that investors can look forward to. These distributions are part of a strategic move to keep investors informed about the potential income opportunities available through their various ETFs.

September Distribution Highlights

On September 30, 2024, the company reported its distribution details, indicating several funds with impressive rates. The Ex & Record Date for these distributions will occur on October 1, 2024, with payments to investors set for October 3, 2024.

Key ETFs and Their Distribution Rates

Listed below are some of the ETFs that are part of this announcement:

QQQY - Nasdaq 100 Enhanced Options & 0DTE Income ETF, featuring a remarkable distribution rate of 65.47%, translating to $1.9935/share.
WDTE (formerly JEPY) - S&P 500 Enhanced Options & 0DTE Income ETF, offering a distribution rate of 49.19% at $1.8085/share.
IWMY – R2000 Enhanced Options & 0DTE Income ETF, showcasing a high distribution rate of 72.57%, equating to $2.2389/share.
SPYT – S&P 500 Income Target ETF, with a distribution rate of 20.02%, providing $0.3338/share.
USOY – Oil Enhanced Options Income ETF, offering a 48.25% distribution rate at $0.6106/share.
QQQT – Nasdaq 100 Income Target ETF, also showing a distribution rate of 20.02%, making it $0.3220/share.

Transformative Income Strategy

In an exciting development, Defiance will implement a new income strategy targeting weekly distributions for several of its ETFs. The funds that will undergo this change include QQQY, WDTE, and IWMY, with the inaugural weekly declaration expected on October 9, 2024. Investors are encouraged to check the specific fund pages for the full distribution schedule.

Understanding 30-Day SEC Yield

As of August 31, 2024, the 30-Day SEC Yield for these ETFs reveals varied performances: QQQY at 3.80%, WDTE at 3.91%, IWMY at 3.81%, SPYT at 0.51%, USOY at 4.30%, and QQQT at -0.13%. These figures illustrate the income potential investors can expect.

Estimated Returns and Capital Distribution

Recent estimates indicate significant returns of capital derived from the 19-a1 Notice dated September 5, 2024, where QQQY is projected at 59.83%, WDTE at 48.27%, IWMY at 77.80%, SPYT at 87.66%, USOY at 91.06%, and QQQT at 100.00%.

Quick Look at Expense Ratios

The Gross Expense Ratios for these ETFs indicate a competitive structure, with QQQY, WDTE, IWMY, and USOY each at 0.99%, SPYT at 0.94%, and QQQT slightly higher at 1.05%. Keeping expenses low is crucial for investor returns.

Frequently Asked Questions

What are the main highlights of Defiance ETFs' monthly distributions?

Defiance ETFs has announced several funds with strong distribution rates for September, including QQQY and WDTE, alongside a new weekly distribution strategy starting in October.

When will the distributions be paid?

The distributions will be payable on October 3, 2024, with Ex & Record Date set for October 1, 2024.

What is the significance of the 30-Day SEC Yield?

The 30-Day SEC Yield provides an insight into the income potential of the ETFs. As of August 31, 2024, this yield varies across the ETFs, reflecting their performance in generating income.

How are the estimated returns calculated?

Estimated returns are based on the 19-a1 Notice, presenting a projected return of capital for each ETF based on fund performance metrics.

What is the Gross Expense Ratio for these ETFs?

The Gross Expense Ratios for QQQY, WDTE, IWMY, and USOY stand at 0.99% each, with SPYT at 0.94% and QQQT at 1.05%, underpinning the cost of managing these funds.

About The Author

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