● LAUNCHED Began trading Oct 23, 2026. Payment history will be charted here from the first distribution.
This fund is already trading; the payment watch is now waiting on its first distribution. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What QQDH Does, Per the Filing
QQDH keeps at least 80% of its net assets in QQQ, or in options that reference it, and then runs two separate option overlays on top. Most income ETFs run one. The second is what the name means by “and Hedge”, and it is the more interesting half.
The income half sells put credit spreads: it writes a put and buys a cheaper one below it, keeping the difference in premium. Like OVQ, and unlike a covered-call fund, it writes no calls over its holdings, so the filing is able to say the income strategy “will not directly cap the Fund's participation in gains.” The ceiling comes off; the floor is what you pay with.
The hedge half is rebuilt every business day, generally in the afternoon, out of options that expire the next trading day. The shape is a broken-strike put ratio backspread: sell one put near where the index is, buy one lower, buy another lower still. It is designed to pay off in a crash and cost little the rest of the time.
Here is the part worth reading twice, in the fund's own words. If the index “declines modestly and finishes between or near the option strikes, the hedge may incur a loss and may increase the Fund's loss relative to holding the Reference Asset without the hedge.” And it “is designed principally for short, sharp declines; it may not protect against a gradual or multi-day decline.”
So this is not downside protection in the sense most people mean it. It is insurance against a specific event — a fast drop, in one day — and in the much commoner case of a slow grind downward it can leave you worse off than simply owning QQQ. A fund that prints that about its own headline feature is being straighter with you than most, and it is still a thing you would want to know before the quarter where it matters.
The fee is 0.95%, a unitary management fee with the adviser paying the fund's other expenses. QQDH shares a shelf with Tuttle's other Income Blast funds, including MEMY. It launched seeded at a single share outstanding across ten holdings, so there is no record yet of what any of this actually pays. When there is, every payment is charted on its payment history page, which recomputes nightly.
What Nobody Can Know Yet
QQDH is trading, but it has not paid yet, so there is no payment history, no real yield, and no evidence of how its strategy behaves in live markets — any number you hear before its first distribution is a target or a guess. A fund can also take months to declare one, or pay less than its target implied. When QQDH declares, we chart every payment from its very first one, free.
One email the day QQDH declares its first distribution — the amount, not a press release. Until then there is nothing to report, and we will not invent any.
Frequently Asked Questions
When did QQDH launch?
It launched Oct 23, 2026. The registration was first seen in SEC records dated Oct 21, 2026; issuers typically launch within months of filing, but filings can also stall. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will QQDH pay?
Unknowable until it pays — there is no payment history yet and the filing promises no rate. The strategy is option-income, so distributions would depend on real option premiums once live.
What is a 'broken-strike put ratio backspread', in plain English?
It is a bet that pays most when a fall is large and fast. QQDH sells one put option near today's index level, which brings in premium, then uses that to buy two puts at lower strikes — 'broken strike' just means the gaps between the three are deliberately uneven, and 'ratio' means it buys more than it sold. If the market barely moves, all three expire worthless and the fund keeps or loses only a small net amount. If the market falls far enough to get below the bought puts, those two gain faster than the one it sold loses, and the hedge pays. The trap is the middle: a modest decline that lands between the strikes is the one case where the structure loses more than having no hedge at all, which the prospectus states plainly. It is reset daily because next-day options are what make the cheap-when-quiet, large-when-violent payoff possible.