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About Defiance Oil Enhanced Options Income ETF
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Inception date
May 9, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
USOY aims to generate monthly income through risk exposure to shares of USO, a fund holding short-term futures contracts on WTI crude oil. At least once a week, USOY sells put options priced at-the-money or 0%-5% in-the-money which places a cap on potential gains. The strategy may profit when USOs share price increases, stays flat, or decreases slightly. However, the fund is subject to all potential losses if USOs share price declines significantly, which may not be offset by the income received. The fund seeks to outperform relative to traditional option-based strategies with a typical duration of less than one week. USOY does not invest directly in oil, oil reserves, or the underlying ETP. Due to the nature of its options strategy, the fund may occasionally hold USO shares intending to be sold within the day to avoid tax implications. The fund will hold short-term US Treasurys as collateral. There is no guarantee the strategy will result in higher income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government79.38%
Mutual fund14.53%
Cash7.38%
Rights & Warrants−1.29%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USOY last dividends amounted to 0.14 USD. The week before, the issuer paid 0.10 USD in dividends, which shows a 27.66% increase.
USOY assets under management is 55.44 M USD. It's risen 27.28% over the last month.
USOY fund flows account for 60.24 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, USOY pays dividends to its holders with the dividend yield of 101.07%. The last dividend (Aug 1, 2025) amounted to 0.14 USD. The dividends are paid weekly.
USOY shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on May 9, 2024, and its management style is Active.
USOY expense ratio is 1.22% meaning you'd have to pay 1.22% of your investment to help manage the fund.
USOY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USOY invests in bonds.
USOY price has fallen by −5.77% over the last month, and its yearly performance shows a −48.97% decrease. See more dynamics on USOY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 9.57% increase in three-month performance and has decreased by −1.85% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 9.57% increase in three-month performance and has decreased by −1.85% in a year.
USOY trades at a premium (0.46%) meaning the ETF is trading at a higher price than the calculated NAV.