Key stats
About TappAlpha SPY Growth & Daily Income ETF
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Inception date
Aug 15, 2024
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
US26923N5538
TSPY is the issuers first ETF. The objective of the issuer is to provide easier access to more sophisticated investment strategies. TSPY holds shares of SPDR S&P 500 Index trust (ticker: SPY) and writes call options each day to generate income. Options may be written against the shares of SPY, the S&P 500 index itself, SPX, or the Cboe Mini-SPX Index, XSP. The expiration dates for the call options will focus on using 0DTE, same day expiration, but may range up to one week. The portfolio manager aims to generate daily income and distribute the income monthly. Investors should note the high turnover rate of the fund and that distributions will be taxed as ordinary income. The fund will hold US Treasury securities as collateral.
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%
ETF100.92%
Mutual fund0.05%
Cash−0.96%
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
TSPY invests in funds. The fund's major sectors are ETF, with 100.92% stocks, and Mutual fund, with 0.05% of the basket. The assets are mostly located in the North America region.
TSPY last dividends amounted to 0.29 USD. The year before, the issuer paid 0.29 USD in dividends, which shows a 0.07% increase.
TSPY assets under management is 68.90 M USD. It's risen 23.16% over the last month.
TSPY fund flows account for 67.24 M 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.
Yes, TSPY pays dividends to its holders with the dividend yield of 14.03%. The last dividend (Sep 3, 2025) amounted to 0.29 USD. The dividends are paid annually.
TSPY shares are issued by Tapp Finance, Inc. under the brand TappAlpha. The ETF was launched on Aug 15, 2024, and its management style is Active.
TSPY expense ratio is 0.77% meaning you'd have to pay 0.77% of your investment to help manage the fund.
TSPY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSPY invests in funds.
TSPY price has risen by 0.64% over the last month, and its yearly performance shows a 1.68% increase. See more dynamics on TSPY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.68% over the last month, showed a 8.67% increase in three-month performance and has increased by 9.23% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.68% over the last month, showed a 8.67% increase in three-month performance and has increased by 9.23% in a year.
TSPY trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.