---
ticker: "QLDY"
name: "Defiance Nasdaq 100 LightningSpread Income ETF"
url: "https://etf.net/etf/QLDY"
grade: "D"
score: 34
graded_at: "2026-10-12"
category: "Nasdaq-100 Option Income"
category_rank: "26 of 31"
methodology: "https://etf.net/methodology"
---

# QLDY: Defiance Nasdaq 100 LightningSpread Income ETF

Grade **D**, Score 34 of 100. Rank 26 of 31 in Nasdaq-100 Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 13 | 27 of 31 |
| Mission | 64 | 15 of 19 |
| Risk | 18 | 27 of 30 |
| Tradability | 38 | 22 of 31 |
| Holdings | Not scored | — |
| Durability | 45 | 20 of 31 |

## Top holdings

The fund holds 5 positions. These are the largest 5, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Ndx 12/18/2026 2001.44 C | 93.65% |
| 2 | — | First American Government Obligations Fund 12/01/2031 | 3.87% |
| 3 | — | Xnd 12/18/2026 10.44 C | 2.60% |
| 4 | — | United States Treasury Note/Bond 2.375% 05/15/2027 | 0.48% |
| 5 | — | Ndxp Us 10/13/26 P30550 | 0.07% |

Source: etf.net, https://etf.net/etf/QLDY. Please cite the page URL.