A trio of familiar allies are rolling out their sixth ETF together, less than four months after launching their fifth.

Last month, the Defiance ETFs team unveiled the new Defiance Nasdaq 100 Income Target ETF (QQQT on the Nasdaq). QQQT is a series of Tidal Trust II.

The new, actively managed ETF's inception date was June 20, and it comes with an expense ratio of 105 basis points. As of last Friday (June 28), the fund had $4.97 million in AUM.

QQQT's investment advisor is Tidal Investments LLC, Defiance Group Holdings LLC and Zega Financial, LLC serve as sponsors, and Zega also serves as subadvisor. The new fund's PM team includes: Mick Brokaw, chief compliance officer and managing director at Zega; Qiao Duan, portfolio manager at Tidal; Jay Pestrichelli, co-founder and CEO of Zeva; and Charles Ragauss, PM at Tidal.

The Defiance folks filed to launch QQQT and a second ETF earlier this year when rolling out a third. All three ETFs are designed to combine equity index investing with options overlay strategies designed to generate annual income of 20 percent.

QQQT's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. 

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