QQQY – Defiance Nasdaq 100 Trgt 30 Wkly Dis ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks current income; exposure to the performance of the Nasdaq 100 Index (the “Index”) is the secondary consideration. The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income while maintaining the opportunity for indirect exposure to the value of the index, subject to a limit on potential gains from increases in the value of the index. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QQQY	Defiance Nasdaq 100 Target 30 Weekly Distribution ETF	ETF	Open	—	—	Sep 13, 2023	$187.09M	0.990%	—	—	−$41.27M

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