QQPW — Tuttle Capital QQQ Put Write ETF

QQPW Fund Overview

QQPW — Tuttle Capital QQQ Put Write ETF is a US ETF managed by ETF Opportunities Trust, categorised as Global (incl. US) Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: ETF Opportunities Trust
• Category: Global (incl. US) Large Cap Growth Equity
• Ticker: QQPW
• SEC CIK: 0001771146
• SEC series ID: S000090494
• Share class ID: C000257749

QQPW Investment Objective and Strategy

Tuttle Capital QQQ Put Write ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Opportunities Trust.

Investment objective

The investment objective of the Tuttle Capital QQQ Put Write ETF (the Fund) is to seek current income.

Principal investment strategy

"The Fund is an actively managed exchange-traded fund (ETF) that seeks current income primarily by selling (writing) put options on shares of INVESCO QQQ Trust, Series 1 (NASDAQ: QQQ) (the Underlying Security) and collecting the premiums paid by the purchasers of the put options. Specifically, the Fund seeks to maximize current income by selling cash-covered out-of-the-money or at-the-money put options on the Underlying Security (Puts), meaning that the strike price of a Put will be below or at the current price of the Underlying Security. If the price of the Underlying Security stays above the strike price of a particular Put by the time the Put expires, the Fund will realize gains by collecting the premiums paid by the Put purchaser. Should the price of the underlying Security fall below the strike price of a specific Put, the Fund will incur losses.

Accordingly, the Fund is intended for investors who believe the price of the Underlying Security will stay flat or rise. The Fund will sell Puts that utilize the Underlying Security as the reference asset. The Fund will utilize exchange-traded options and non-standardized FLexible EXchange Options (also referred to as FLEX Options""). Exchange-traded options are standardized with set contract terms, such as the style (call or put), the reference asset, the strike price and expiration date. Exchange-listed options contracts are guaranteed for settlement by the Options Clearing Corporation (OCC). FLEX Options are non-standardized options, meaning that a user, such as the Fund, can specify the key contract terms that are normally standardized for exchange-traded options. As the seller of the Puts, the Fund receives cash (also called a premium) from the purchaser for each Put sold.

Each Put contract sold by the Fund will commit the Fund to buying 100 shares of the Underlying Security at the strike price if the Put owner exercises its option. If a Put sold by the Fund is exercised prior to expiration (assigned or put to the Fund), the Fund will purchase 100 shares of the Underlying Security at the time of exercise at the strike price and will hold the Underlying Security shares until they are liquidated. The Fund intends to write Puts that are American style options, meaning that the Put is exercisable at the strike price at any time prior to the option expiration date. However, the Fund may close out in-the-money put options before expiration to avoid having to purchase shares of the Underlying Security. The Adviser has discretion to write Puts with a daily, weekly or monthly expiration date and at various strike prices that the Adviser believes will maximize income while minimizing the potential for loss.

Puts with weekly expirations will expire on Friday of each week. Puts with monthly expirations will expire on the third Friday of every month. The strike price at which the Fund sells the Puts will depend on prevailing market conditions and the sold Puts positions will be reestablished weekly or more frequently. The Fund generally closes out the Puts prior to their expiration dates, and newly selected Puts are sold by the Fund on the same day (the Roll Date) in a process known as rolling. Rolling refers to the practice of closing out one options position and opening another with a different expiration date and/or a different strike price. The Fund will enter into new Puts when the existing Puts have expired, closed, or rolled early. The Fund will invest its premium proceeds in short-term U.S.

Treasury securities and money market instruments as collateral for the options and to generate income. The market value of the cash, money market instruments and U.S. Treasury securities held by the Fund is expected to comprise a substantial portion of the Funds net assets. The Fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities of the Underlying Security and financial instruments, such as Puts and other options, that provide exposure to the Underlying Security. For purposes of the 80% test, written Puts will be valued at their notional value. This Policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The Fund will seek to employ its investment strategy regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods.

QQQ is a unit investment trust designed to seek to track the investment results, before fees and expenses, of the Nasdaq-100 Index (the Index). The Index is composed of securities issued by 100 of the largest non-financial companies listed on the Nasdaq Global Select Market or Nasdaq Global Market by market capitalization. The Funds portfolio will primarily consist of the Put contracts, U.S. Treasuries and cash. In the event a Put purchaser exercises a Put and the Fund is forced to buy the Underlying Security from the purchaser and take delivery of the Underlying Security, the Adviser has discretion to hold the Underlying Security until the Adviser believes it is advantageous to sell the Underlying Security, it may write covered call options on the Underlying Security, or immediately sell the Underlying Security for liquidity purposes.

The Funds investment strategy is not intended to track the performance of the Underlying Security and the Funds performance will differ from that of the Underlying Security. The performance differences will depend on, among other things, the Underlying Securitys value, changes in the value of the Puts the Fund has sold, and changes in the value of the U.S. Treasuries and money market instruments held by the Fund. The Funds ability to achieve its investment objective of current income is not dependent on the price appreciation of the Underlying Security. The Fund intends to make monthly distribution payments to shareholders."

QQPW Costs and Fees

QQPW costs about $65 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.65%
• Gross expense ratio: 0.65%

QQPW Debt Constituents

No individual debt constituents are reported in Tuttle Capital QQQ Put Write ETF's latest SEC N-PORT filing.

QQPW Prospectus and SEC Filings

Official Tuttle Capital QQQ Put Write ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-02-24

Related Funds

Other Global (incl. US) Large Cap Growth Equity funds tracked on ABC INVEST:

• New Perspective Fund (ANWPX)
• American Funds Global Insight Fund (RGLGX)
• Capital Group Global Growth Equity ETF (CGGO)
• T. Rowe Price Global Stock Fund (PRGSX)
• PGIM Jennison Global Opportunities Fund (PRJAX)

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.