Upcoming
TDAQ
Distribution Alert!

Invest by

2/13/2026

to be eligible for

TDAQ

’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:

Jan 16, 2026

MM/DD/YYYY

Market Price
$
XX.XX
26.32
0.00
%
0.00
%
0.00
%
NAV Price
$
XX.XX
26.35
-0.04
%
-0.04
%
-0.04
%
Net Assets
$
XXX,XXX,XXX
97657728
Total Expense Ratio
0.68
0.98
%
Management Fee
0.68
%
Total Expense Ratio
0.77
%
Distribution Rate
17.37
N/A
%
30 Day SEC Yield
-0.18
N/A
%
The return of capital for this most recent distribution was estimated to be XX%. The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. 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. Monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
The return of capital for this most recent distribution was estimated to be XX%. The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. 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. Weekly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
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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.

Same strategy. Lightly leveraged.

How the T² Lift™ Series Works

Same Core Strategy

The T² Lift™ Series is built on the same systematic options-based framework as TSPY and TDAQ. The fund uses the same underlying investment approach designed to seek income while maintaining exposure to the underlying equity market.

Light Leverage (~30%)

The T² Lift™ Series applies light leverage to the core strategy, seeking to provide approximately 30% greater exposure to the growth and income profile of the underlying fund. This leverage is intended to amplify participation in both income generation and market movements.

Risk & Volatility Tradeoff

Because the fund uses leverage, gains and losses may be magnified compared to the non-leveraged fund. The T² Lift™ Series is designed for investors who understand the risks of leveraged exposure and are comfortable with increased volatility.

Leveraged exposure may increase the impact of market movements on the fund’s performance. Investors should carefully consider the fund’s investment objectives, risks, charges, and expenses before investing.

At a Glance...

As Of:
Jan 16, 2026
MM/DD/YYYY
Primary Exchange
Cboe
Number of Holdings
4
XX
Shares Outstanding
XXX,XXX
3590000
Premium/Discount
-0.11
X.XX%
30-Day Median Bid-Ask
0.15
X.XX%
ISIN
US26923N5462
Inception Date
9/4/2025
CUSIP
26923N546

Price Performance

As of:

Jan 16, 2026
MM/DD/YYYY
January 16, 2026
Market Price:
26.32
$XX.XX
(Change:
0.00
)
NAV Price:
$XX.XX
(Change:
)
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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:

Dec 16, 2025

MM/DD/YYYY

Distribution Rate
17.37
%
N/A
30 Day SEC Yield
-0.18
%
N/A
12-month Trailing Distribution Yield
17.42
%
N/A
Declaration Date
Record Date
Ex-Date
Pay Date
Amount
Supplemental Tax Information
Dec 14, 2026
Dec 15, 2026
Dec 15, 2026
Dec 16, 2026
$
Nov 16, 2026
Nov 17, 2026
Nov 17, 2026
Nov 18, 2026
$
Oct 19, 2026
Oct 20, 2026
Oct 20, 2026
Oct 21, 2026
$
Sep 14, 2026
Sep 15, 2026
Sep 15, 2026
Sep 16, 2026
$
Aug 17, 2026
Aug 18, 2026
Aug 18, 2026
Aug 19, 2026
$
Jul 13, 2026
Jul 14, 2026
Jul 14, 2026
Jul 15, 2026
$
Jun 15, 2026
Jun 16, 2026
Jun 16, 2026
Jun 17, 2026
$
May 18, 2026
May 19, 2026
May 19, 2026
May 20, 2026
$
Apr 13, 2026
Apr 14, 2026
Apr 14, 2026
Apr 15, 2026
$
Mar 16, 2026
Mar 17, 2026
Mar 17, 2026
Mar 18, 2026
$
Feb 13, 2026
Feb 17, 2026
Feb 17, 2026
Feb 18, 2026
$
Jan 16, 2026
Jan 20, 2026
Jan 20, 2026
Jan 21, 2026
$
0.37620
Dec 15, 2025
Dec 16, 2025
Dec 16, 2025
Dec 17, 2025
$
0.37405
100
Nov 17, 2025
Nov 18, 2025
Nov 18, 2025
Nov 19, 2025
$
0.37018
100
Oct 20, 2025
Oct 21, 2025
Oct 21, 2025
Oct 22, 2025
$
0.38142
99
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
2026 will be provided to shareholders on Form 1099-DIV.

The return of capital for this most recent distribution was estimated to be
XX%.
The Fund currently expects, but does not guarantee, to make distributions on a weekly 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
2026 will be provided to shareholders on Form 1099-DIV.

The return of capital for this most recent distribution was estimated to be
XX%.
QQQ
Invesco QQQ Trust Series 1
46090E103
100.01
%
157206
$
97665800
FGXXX
First American Government Obligations Fund 12/01/2031
31846V336
0.19
%
185689
$
185689
NDXP 260116C25650000
NASDAQ-1 CLL OPT 01/26 25650
NDXP 260116C25650000
0.00
%
36
$
-180
Cash&Other
Cash & Other
Cash&Other
-0.15
%
143266
$
-143266
Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Premium/Discount

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The performance data quoted represents past performance. Past performance does not guarantee future results.
Q3 2025
18
1
19
19
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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