DailyDelta Q100 Downside Option Strategy ETF

C000248741 Fund Overview

DailyDelta Q100 Downside Option Strategy ETF is a US ETF managed by Strategic Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Strategic Trust
• Category: Alternative
• Assets under management: $85.83K
• SEC CIK: 0001873280
• SEC series ID: S000084370
• Share class ID: C000248741

C000248741 Investment Objective and Strategy

DailyDelta Q100 Downside Option Strategy ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Strategic Trust.

Investment objective

The Funds primary investment objective is to seek capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF) that seeks inverse exposure to the daily downside, or decrease in value of the Nasdaq 100 Index (the Q100 Index), which is an index that is designed to track the performance of the top 100 non-financial companies listed on the NASDAQ stock exchange. The Fund also seeks to limit daily downside risk to 10% or less of the Funds net asset value (NAV). The Fund seeks to achieve this objective by investing in cash settled exchange traded index options that are designed to track the inverse of the daily changes in the value of the Q100 Index. The Fund intends to invest only in cash-settled options, which means the holder of the option does not receive securities when the option is exercised. Instead, any payments are made in cash. ? Purchasing Put Options .

To enhance the Fund's potential returns, the Fund employs a strategy that involves purchasing exchange-traded, cash-settled, index put options on the performance of the Q100 Index. These put options typically have a short time to expiration, such as one week or less, and in some cases, as little as one trading day. The Fund will purchase put options with a strike price that is closest to the then-current value of the Q100 Index at the time of purchase. See Additional Information about the Funds for general information about options contracts. Under normal market conditions, the Fund expects to invest primarily in options contracts with daily expiry. In that case, on a daily basis, the Fund establishes new put positions and establishes new option loss limits, which is the maximum loss that the Fund can experience from its options positions on that day.

That is, each trading day, the Fund spends an amount equal to up to ten percent of its NAV in option premiums to purchase short-term put options. The daily option loss limit is the amount spent on option premiums. This approach is designed to produce positive performance (that exceeds the inverse of the losses in value experienced by the Q100 Index) on days when the Q100 Index loses value. In contrast, on days when the Q100 Index is flat or is positive, the Fund may lose up to the full amount of that days option premium (up to 10% of the Funds NAV each day). Under unusual or stressed market condition, such as during periods of unusual volatility, the Fund may invest in options contracts that expire in up to a week. In those circumstances, the Fund will establish new call positions and establish new option loss limits when the Funds options contracts expire.

? U.S. Treasuries . The Fund will hold the remaining amount of the Funds NAV (e.g., approximately 90%) in short-term U.S. Treasury securities. During normal market conditions, the average portfolio effective duration for the Funds investments in U.S. Treasury securities is expected to be approximately 6 months. Why invest in the Fund? ? The Fund seeks to generate greater positive returns than the inverse of losses in value experienced by the Q100 Index (on days the Q100 Index loses value). ? The Fund seeks to limit daily risk of its options positions to no more than 10% of the Funds NAV. An investment in the Fund is not an investment in the Q100 Index, nor is the Fund an investment in a traditional passively managed index fund. ? The Funds strategy is designed to produce positive returns that exceed the inverse of the losses in value experienced by the Q100 Index if the Q100 Index decreases in value.

The Funds options strategy will produce positive performance only to the extent that the cash received from the settlement of the options positions exceeds that days options premium. ? The Funds options strategy is subject to potential losses, limited to the amount of that days option premium, if the Q100 Index increases in value, does not change in value, or if the returns based on the decrease in value of the Q100 Index do not exceed the value of the options premium. The Fund may also experience losses if its investments in Treasury securities decline in value. ? The Fund does not invest directly in the Q100 Index. ? The Fund does not invest directly in companies that comprise the Q100 Index. ? Fund shareholders are not entitled to any dividends paid by any companies that comprise the Q100 Index.

See Additional Information about the Funds for additional information regarding the Q100 Index. The Funds Use of Q100 Index Option Contracts As part of the Funds strategy, the Fund will purchase exchange-traded put option contracts that are based on the value of the Q100 Index. The Fund intends to invest only in cash-settled options, which means the holder of the option does not receive securities when the option is exercised. Instead, any payments are made in cash. Under normal market conditions, each day, the Fund will invest in options to seek exposure to the Q100 Index in excess of the Funds net assets. If the value of the Q100 Index decreases, the Fund will exercise that days option contract and have the right to receive an amount of cash equal to the difference between the settlement price of the Q100 Index on the expiration date of the applicable option contract and the stated strike price.

Because of the Funds exposure to the Q100 Index, the Fund will receive returns equal to a multiple of the inverse of the losses in value of the Q100 Index in excess of the stated strike price minus the premium paid for the options. The multiple that the Fund will achieve will vary based on the inverse exposure to the Q100 Index that the Fund is able to achieve by paying the option premium noted above. The Funds gains on a particular day will be equal to the amount of cash received upon settlement of the days options contracts minus the amount of the option premium. The level of inverse exposure that the Fund is able to achieve with a given premium depends on such factors as the price of the Q100 Index and its volatility, and the time remaining until the expiration date of the option contracts.

Where the Q100 Index price settles at expiration at or above the strike price, and the Fund does not sell the options before their expiration, the Funds call options will expire worthless and the Fund will lose that days option premium. Funds Return Profile vs the Q100 Index For the reasons stated above, the Funds performance will differ from that of the Q100 Index. The performance differences will depend on, among other things, the value of the Q100 Index, changes in the price of the Q100 Indexs options contracts the Fund has purchased, and changes in the value of the U.S. Treasuries. Fund Portfolio The Funds principal holdings are described below: DailyDelta TM Q100 Downside Option Strategy ETF Principal Holdings Portfolio Holdings (All options are based on the value of the Q100 Index) Investment Terms Expected Target Maturity Purchased put option contracts The Fund will purchase put options with a strike price that is closest to the then-current value of the Q100 Index at the time of purchase.

If at the expiration of the option, the value of the Q100 Index has decreased below the strike price, and the Fund exercises the option, this will generate positive returns for the Fund to the extent the amount of cash received exceeds the option premium. If, at the expiration of the option, the value of the Q100 Index has increased or remained at the strike price the option may expire worthless and the Fund may lose the entirety of its option premium. One-day to one-week expiration dates U.S. Treasury Securities and Cash Multiple series of U.S. Treasury Bills supported by the full faith and credit of the U.S. government. They will generate income. 6-month to 2-year maturities The market value of the cash and treasuries held by the Fund is expected to be approximately 90% of the Funds net assets.

The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act). Under normal circumstances, the Fund will invest at least 80% of the value of its net assets, plus borrowings for investment purposes, in financial instruments and economic interests that provide exposure to the value of the Q100 Index. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value. The foregoing policy may be changed without shareholder approval upon 60 days written notice to shareholders. There is no guarantee that the Funds investment strategy will be properly implemented, and an investor may lose some or all of its investment. None of the Fund, the Trust, Kelly Strategic Management, LLC (the Adviser), Tidal Investments LLC (Tidal or the Sub-Adviser), or their respective affiliates makes any representation to you as to the performance of the Q100 Index.

THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH, NOR ENDORSED BY, THE Q100 INDEX.

C000248741 Holdings

Top 1 holdings of DailyDelta Q100 Downside Option Strategy ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000248741 holdings

C000248741 Portfolio Allocation

Asset-class allocation of DailyDelta Q100 Downside Option Strategy ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000248741 Costs and Fees

C000248741 costs about $135 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.35%
• Gross expense ratio: 1.35%
• Brokerage commissions: 17.52 bps of average net assets (SEC N-CEN)

C000248741 Cashflows

Over the 12 months to 2025-11, DailyDelta Q100 Downside Option Strategy ETF had net outflows of $622.91K, from monthly SEC N-PORT filings.

C000248741 Debt Constituents

No individual debt constituents are reported in DailyDelta Q100 Downside Option Strategy ETF's latest SEC N-PORT filing.

C000248741 Prospectus and SEC Filings

Official DailyDelta Q100 Downside Option Strategy ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-02-20
• Portfolio holdings (N-PORT) — filed 2026-01-26
• Portfolio holdings (N-PORT) — filed 2025-10-03
• Portfolio holdings (N-PORT) — filed 2025-06-27
• Annual census (N-CEN) — filed 2025-11-12

Related Funds

Other Alternative funds tracked on ABC INVEST:

• iShares 0-3 Month Treasury Bond ETF (SGOV)
• Vanguard Short-Term Inflation-Protected Securities Index Fund (VTAPX)
• SPDR® Bloomberg Barclays 1-3 Month T-Bill ETF (BIL)
• Vanguard Inflation-Protected Securities Fund (VIPSX)
• iShares 0-1 Year Treasury Bond ETF (SHV)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.