TDAX:
TDAQ LIFT ETF

Investment Objective:

The Fund seeks daily investment results, before fees and expenses, of 130% of the daily performance of TDAQ. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Fact Sheet
Prospectus

As of:

MM/DD/YY

Market Price
$
XX.XX
NAV Price
$
XX.XX
Net Assets
XXX,XXX,XXX
Total Expense Ratio
0.68
0.98
%
Management Fee
0.68
%
Total Expense Ratio
0.71
%
Management Fee
0.68
%
Total Expense Ratio
0.83
%
Distribution Rate
XX
30 Day SEC Yield
XX
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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At a Glance...

As Of:
MM/DD/YYYY
Primary Exchange
Cboe
Number of Holdings
XX
Shares Outstanding
XXX,XXX
Premium/Discount
X.XX%
30-Day Median Bid-Ask
X.XX%
ISIN
US26923W3631
Inception Date
January 7, 2026
CUSIP
26923W363

Price Performance

As of:

MM/DD/YY
MM/DD/YY
Market Price:
$XX.XX
(Change:
X.XX
)
NAV Price:
$XX.XX
(Change:
)
Monthly
Quarterly

Total Returns Performance thru

—

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
—

As of:

MM/DD/YYYY

30 Day SEC Yield
—

As of:

MM/DD/YYYY

12-month Trailing Distribution Yield
—

As of:

MM/DD/YYYY

Declaration Date
Record Date
Ex-Date
Pay Date
Amount
Supplemental Tax Information
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%.

Holdings

View
Intraday Options
View
Intraday Options

As of:

MM/DD/YYYY

Ticker
Security Description
CUSIP / ISIN
% of Funds
Shares / Contracts
Market Value
Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Premium/Discount

As of:
MM/DD/YYYY
Premium/Discount
XX.XX%
Number of Days at
Premium
Days
Discount
Days
Both
Days
Both (YTD)
Days
P/D +/- 2%
Days
The performance data quoted represents past performance. Past performance does not guarantee future results.

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.

Fund Documents

Frequently Asked Questions

What is TDAX?

TDAX is the TDAQ LIFT ETF. The Fund seeks daily investment results, before fees and expenses, of 130% of the daily performance of TDAQ.

Is TDAX designed to be held long term?

No. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. Over periods longer than a single day, returns can differ significantly from 130% of TDAQ's return due to daily compounding.

How is TDAX different from TDAQ?

TDAQ runs the daily covered call strategy directly. TDAX does not run its own options strategy; it seeks leveraged daily exposure of 130% to TDAQ's performance, resetting each trading day.

How often does TDAX pay distributions?

TDAX pays distributions weekly. Dates and amounts are published in the distribution table on this page, and a portion of distributions may be classified as return of capital, detailed in the Fund's 19a-1 notices.

What is TDAX's distribution yield?

TDAX's distribution rate changes with each weekly distribution and with the fund's NAV, so any single printed figure goes stale quickly. The current rate, the most recent declared amount and the complete weekly payment history are published live in the distributions section of this page.

What is TDAX's expense ratio, and where does it trade?

TDAX's gross expense ratio is 0.98%, which consists entirely of the fund's 0.98% management fee. There are no acquired fund fees and expenses (AFFE) added on top, so the management fee and the total expense ratio are the same figure. TDAX launched on January 7, 2026 and trades on Cboe under ticker TDAX (CUSIP 26923W363).

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