TMGN:
TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF

Investment Objective:

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 CBOE Magnificent 10 Index (“MGTN” or the “Index”), subject to a limit on potential investment gains.

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
%
Total Expense Ratio
0.88
0.98
%
Management Fee
0.68
%
Total Expense Ratio
0.71
%
Total Expense Ratio
0.68
%
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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TMGN: The Magnificent 10 Meets Growth + Income

The TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN) pairs focused exposure to ten of the world's most influential growth companies with TappAlpha's options-based daily Growth + Income strategy. These are the innovators driving AI, computing, and the digital economy. 

‍

Featured companies:‍

Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta, Tesla, Broadcom, Advanced Micro Devices, and Palantir Technologies.

The fund aims to achieve its objectives through:

Growth

Targeted exposure to the Cboe Magnificent 10 Index, a focused group of ten large-cap U.S. companies tied to some of today’s most important growth themes, including artificial intelligence, cloud computing, digital infrastructure, and productivity growth.

Income Generation

A daily options strategy designed to generate income while maintaining meaningful exposure to the underlying growth opportunity.

Maximized Time Decay

By writing call options each trading day that expire the same day, TMGN seeks to benefit from the rapid time decay of 0DTE options.

An icon of a shield with a clock on it

Reduced Time Risk

Because the options expire daily, short option exposure does not extend overnight or over weekends, allowing the fund to reset each trading day.

Flexibility

TappAlpha’s daily options process allows positions to reset as market conditions change, helping balance growth participation with daily option premium harvesting.

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.
View the non-leveraged fund:

TSPY featured on Nasdaq

Just for Funds dives into the TSPY strategy with our very own Si Katara. Watch to find out where it fits in your portfolio!

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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
US26923V4564
Inception Date
July 15, 2026
CUSIP
26923V456

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
Oct 7, 2026
Intraday Options
View
Oct 7, 2026
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 TMGN?

TMGN is the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF. The Fund seeks current income while maintaining prospects for capital appreciation, with a secondary objective of exposure to the performance of the Cboe Magnificent 10 Index, pursued through a daily covered call strategy on that exposure. The index holds ten large-cap companies at the center of AI, cloud computing and the digital economy.

What is the Cboe Magnificent 10 Index?

The Cboe Magnificent 10 Index tracks ten large-cap U.S. companies tied to themes including artificial intelligence, cloud computing and digital infrastructure: the Magnificent Seven (Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla) plus AMD, Broadcom and Palantir.

How often does TMGN pay distributions?

TMGN pays distributions monthly. As a fund launched in July 2026, its distribution schedule is published in the table on this page, with dates and amounts posted as they are declared.

What is TMGN's distribution yield?

TMGN's distribution rate is determined by its monthly distributions and the fund's NAV. As a July 2026 launch, its rate history is building; each declared amount and the current rate are published live in the distributions section of this page.

What does TMGN hold?

TMGN holds the stocks of the Cboe Magnificent 10 Index directly, together with cash instruments, and writes same-day (0DTE) call options on that exposure. The complete holdings list and weights on this page are updated daily.

What is TMGN's expense ratio?

TMGN's gross expense ratio is 0.88%, which consists entirely of the fund's 0.88% 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.

When did TMGN launch and where does it trade?

TMGN launched on July 15, 2026 and trades on Cboe under ticker TMGN (CUSIP 26923V456).

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