MutualFundWire.com: $371MM In Less Than 3 Months

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Thursday, December 7, 2023

$371MM In Less Than 3 Months

The team at a Florida fund firm is celebrating the growth of their new ETF suite.

Sylvia M. Jablonski Kampaktsis
Defiance ETFs
CEO, Chief Investment Officer

Last week, the Defiance ETFs [profile] team highlighted that the three funds in their 0DTE ("zero days to expiration" or daily options) suite have surpassed more than $300 million in combined AUM. As of yesterday, the funds had more than $371 million in combined AUM, and the first one debuted less than three months ago.

All three Defiance 0DTE ETFs are actively managed series of Tidal Trust II. Their expense ratio is 99 basis points.

Miami-based Defiance Group Holdings, LLC and ZEGA Financial, LLC serve as the funds' sponsors, ZEGA serves as subadvisor, and Tidal Investments, LLC (fka Toroso Investments) [profile] serves as investment advisor. The funds' PM team includes: Mick Brokaw, a ZEGA portfolio manager; Qiao Duan, a Tidal PM; Jay Pestrichelli, a ZEGA PM; and Charles Ragauss, a Tidal PM.

The Defiance Nasdaq-100 Enhanced Option Income ETF (QQQY on the Nasdaq) has $243.31 million in AUM, as of market close yesterday. Its inception date was September 13.

The Defiance S&P 500 Enhanced Option Income ETF (JEPY on the NYSE Arca) has $94.35 million in AUM, as of market close yesterday. Its inception date was September 18.

The Defiance R2000 Enhanced Options Income ETF (IWMY on the NYSE Arca) has $33.71 million in AUM, as of market close yesterday. Its inception date was October 30.

The 0DTE ETFs' other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian.

Printed from: MFWire.com/story.asp?s=66779

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