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10/6/2025

to be eligible for TSPY’s upcoming distribution.

TDAQ

:

TappAlpha Innovation 100 Growth & Daily Income ETF

Investment Objective:

The TappAlpha Innovation 100 Growth & Daily Income ETF (the “Fund”) seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the Invesco QQQ Trust, Series 1 (“QQQ”), subject to a limit on potential investment gains.

As of:

Sep 5, 2025

MM/DD/YYYY

Market Price
$
XX.XX
25.00
0.03
%
0.03
%
0.03
%
NAV Price
$
XX.XX
25.01
0.11
%
0.11
%
0.11
%
Net Assets
$
XXX,XXX,XXX
750228
Total Expense Ratio
0.68
%
Distribution Rate
N/A
%
30 Day SEC Yield
N/A
%

TDAQ: The fintech-powered ETF designed to capture technology industry performance & daily potential income generation.

"Fintech-powered" refers to the use of advanced financial technologies to enhance, enable, and deliver our financial products and services. Tech-enabled services and businesses use technology to improve efficiency and innovation. They can include a combination of human expertise and technology to streamline processes, increase accuracy, and provide new insights.
The fund aims to achieve its objectives through:

Growth

Direct exposure to the largest and most liquid technology index tracking ETF in the world, the Invesco QQQ Trust, for consistent capital appreciation opportunities.

Income Generation

Our strategy identifies and analyzes various dynamic parameters, increasing the potential for consistent, additive income generation.

Maximized Time Decay

By writing call options each trading day that expire the same day, TDAQ seeks to capitalize on the rapid time decay inherent to 0DTE option positions.

Reduced Time Risk

The daily expiration of the options minimizes prolonged market exposure, seeking to reduce unfavorable shifts in the underlying security.

Flexibility

As market conditions change, so do the fund’s positions, offering the best chance to participate in both the underlying security's performance and the simultaneous harvesting of daily options premiums.

At a Glance...

As Of:
Sep 5, 2025
MM/DD/YYYY
Primary Exchange
Cboe
Number of Holdings
3
XX
Shares Outstanding
XXX,XXX
10000
Premium/Discount
-0.03
X.XX%
30-Day Median Bid-Ask
0.24
X.XX%
ISIN
XXXXXXXXXXX
Inception Date
9/4/2025
CUSIP
26923N546

Price Performance

As of:

Sep 5, 2025
MM/DD/YYYY
September 5, 2025
Market Price:
25.00
$XX.XX
(Change:
0.03
)
NAV Price:
$XX.XX
(Change:
)
{"labels":["2025-09-03","2025-09-04","2025-09-05"],"mp_data":["24.76","24.99","25"],"nav_data":["24.76","24.98","25.01"]}
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Monthly
Quarterly
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Performance Disclosure

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above. Returns less than one year are not annualized.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. The Fund does not have a track record of reporting to investors or widely available research coverage which may result in price volatility.
Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Distributions

As of:

MM/DD/YYYY

Distribution Rate
%
N/A
30 Day SEC Yield
%
N/A
12-month Trailing Distribution
%
N/A
Declaration Date
Record Date
Ex-Date
Pay Date
Amount
Supplemental Tax Information
Dec 15, 2025
Dec 16, 2025
Dec 16, 2025
Dec 17, 2025
$
Nov 17, 2025
Nov 18, 2025
Nov 18, 2025
Nov 19, 2025
$
Oct 20, 2025
Oct 21, 2025
Oct 21, 2025
Oct 22, 2025
$
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund's income and gains for the Fund's taxable year. Distributions in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital.

The final tax character of the Funds' distributions will not be determined until the end of the Funds' fiscal year. Accordingly, there is no guarantee regarding the portion of each Fund’s distributions that will be classified as a return of capital or dividend income. The final tax character of distributions paid by the Funds in 2024 will be provided to shareholders on Form 1099-DIV.

The return of capital for this most recent distribution was estimated to be 100%.
QQQ
Invesco QQQ Trust Series 1
46090E103
92.14
%
1200
$
691272
Cash&Other
Cash & Other
Cash&Other
5.24
%
39294
$
39294
FGXXX
First American Government Obligations Fund 12/01/2031
31846V336
2.62
%
19660
$
19660
Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Premium/Discount

{"labels":["2025-09-03","2025-09-04","2025-09-05"],"premium_discount":[0,0.05,-0.03]}
The performance data quoted represents past performance. Past performance does not guarantee future results.
Q2 2025
53
9
62
123
1
Q1 2025
56
5
61
61
0
Q4 2024
62
1
63
95
0
Q3 2024
32
0
32
32
0

Supplemental Discussion

TappAlpha (“Advisor”) will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.
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