Defiance Nasdaq 100 Target 30 Income ETF is an actively managed exchange-traded fund designed to generate current income as its primary objective, with secondary exposure to the Nasdaq-100 Index. It employs a daily credit call spread options strategy on the Nasdaq-100 to produce consistent options premiums, while holding long exposure to the index via index-tracking ETFs or synthetic positions using options. This approach limits upside participation up to a defined cap but allows some gains beyond that through its index holdings. The fund targets weekly cash distributions aiming for approximately 30% of net asset value annually, though this is not guaranteed and may include return of capital, potentially impacting NAV over time. Defiance Nasdaq 100 Target 30 Income ETF pays distributions weekly in U.S. dollars and maintains a portfolio that includes significant allocations to Nasdaq-100 call options alongside cash equivalents. Launched by Defiance ETFs, it caters to investors seeking regular income from innovative options-based strategies tied to large-cap technology and growth-oriented companies within the Nasdaq-100 universe.