Defiance S&P 500 Weekly Distribution ETF (WDTE)

The Defiance S&P 500 Weekly Distribution ETF is an options-based income fund from Defiance ETFs that is built around the S&P 500 index.

The fund pairs exposure to the S&P 500 with an options strategy, typically selling short-dated options to collect premium income, and it aims to pay distributions to shareholders on a weekly basis. Selling options generates income but limits the fund's ability to participate fully in strong market gains.

The product is designed for those seeking frequent income from U.S. large-cap equity exposure rather than pure index tracking. Defiance ETFs specializes in thematic, leveraged and income-oriented exchange-traded funds.