TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ), managed by TappAlpha, is a equity ETF. 0.68% expense ratio, $24M AUM, 2 holdings, inception 2025.
ETF Overview
The fund's manager seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in QQQ, a unit investment trust designed to track the investment results of the NASDAQ-100 Index, with short positions in certain call options. The fund is non-diversified.
The fund's manager seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in QQQ, a unit investment trust designed to track the investment results of the NASDAQ-100 Index, with short positions in certain call options. The fund is non-diversified. TappAlpha Innovation 100 Growth & Daily Income ETF provides exposure to the equity market. The portfolio is concentrated with 2 holdings. It is heavily weighted toward Technology (50.0%), reflecting a sector-tilted strategy.
Risk Metrics
TappAlpha Innovation 100 Growth & Daily Income ETF holds only 2 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. A beta of 0.00 indicates lower volatility relative to the broader market. The 0.68% expense ratio is above average and will reduce net returns over time. With $24M in assets, the fund may face liquidity constraints and wider bid-ask spreads.
What is TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ)?
The fund's manager seeks to achieve its investment objectives through the use of a call option strategy that combines a long position in QQQ, a unit investment trust designed to track the investment results of the NASDAQ-100 Index, with short positio It holds 2 securities. With $24M in assets under management, it is a funds in its category.
What is the expense ratio for TDAQ?
TappAlpha Innovation 100 Growth & Daily Income ETF has an expense ratio of 0.68%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $68. Lower expense ratios generally lead to better long-term returns, all else being equal.
What sectors does TDAQ invest in?
TappAlpha Innovation 100 Growth & Daily Income ETF allocates across 12 sectors. The largest sector exposures are Technology (50.0%), Communication Services (16.4%), Consumer Cyclical (12.5%). The fund is heavily concentrated in Technology.
How long has TDAQ been around?
TappAlpha Innovation 100 Growth & Daily Income ETF was launched in 2025, making it 1 years old. It is a relatively newer fund with a shorter track record. It is managed by TappAlpha.
What is the current NAV of TDAQ?
TappAlpha Innovation 100 Growth & Daily Income ETF has a net asset value (NAV) of approximately $26.97 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.