Defiance Nasdaq 100 LightningSpread Income ETF

Defiance Nasdaq 100 LightningSpread Income ETF is an actively managed exchange-traded fund that seeks current income while also providing indirect exposure to the Nasdaq-100 Index. The fund uses a proprietary LightningSpread strategy that combines long-dated, deep in-the-money call options for synthetic equity exposure with the systematic sale of zero-days-to-expiration put spreads to generate daily option premium. It is designed to distribute income twice weekly, making cash distributions a central feature of its structure. The ETF also holds short-term U.S. Treasury securities and money market instruments to help manage uninvested cash. Defiance Nasdaq 100 LightningSpread Income ETF is positioned for investors looking for a rules-based options income approach tied to large-cap U.S. growth and technology-oriented market exposure.