Key stats
About TappAlpha Innovation 100 Growth & Daily Income ETF
Home page
Inception date
Sep 4, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tapp Finance, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US26923N5462
TDAQ seeks income and growth by combining exposure to the Invesco QQQ Trust (ticker: QQQ), which tracks the Nasdaq-100, with a daily covered call strategy. The fund sells out of the money call options each morning, typically with zero days to expiration (0DTE), to capture premium income that is distributed monthly. Options may also be written on related Nasdaq-100 contracts such as NDX, XND or NQX. While this approach aims to deliver consistent income and help manage volatility, it limits upside participation when QQQ rises above the strike prices of the sold calls. During periods of heightened volatility, the manager may adjust positions using weekly expirations, short-dated puts or multi-leg spreads. The strategy involves high turnover and frequent trading, and distributions are taxed as ordinary income. US Treasuries are held for collateral and incremental yield.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF92.18%
Mutual fund7.82%
Cash−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TDAQ invests in funds. The fund's major sectors are ETF, with 92.18% stocks, and Mutual fund, with 7.82% of the basket. The assets are mostly located in the North America region.
TDAQ assets under management is 3.01 M USD. It's risen 203.00% over the last month.
TDAQ fund flows account for 747.73 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, TDAQ doesn't pay dividends to its holders.
TDAQ shares are issued by Tapp Finance, Inc. under the brand TappAlpha. The ETF was launched on Sep 4, 2025, and its management style is Active.
TDAQ expense ratio is 0.68% meaning you'd have to pay 0.68% of your investment to help manage the fund.
TDAQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TDAQ invests in funds.
TDAQ trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.