TappAlpha Innovation 100 Growth & Daily Income ETF
TDAQ
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 3700 West Lawton Street Seattle WA United States of America 98199
- IPO Date
- Sep 4, 2025
- Website
- tappalphafunds.com
- Similar Companies
- Business
- TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) is an actively managed exchange-traded fund that seeks current income while maintaining prospects for capital appreciation through exposure to the Invesco QQQ Trust, Series 1 (QQQ), subject to a limit on potential investment gains; it employs a daily covered call strategy using 0DTE (zero days to expiration) out-of-the-money call options written on QQQ each trading day to capitalize on rapid time decay and generate additive income, with primary holdings consisting of QQQ (approximately 99% of assets), cash equivalents, and options positions. The fund targets investors seeking balanced growth and daily income from large-cap U.S. equities focused on the Nasdaq-100 Index, particularly technology and innovation-oriented companies, with anticipated monthly distributions and a net expense ratio of 0.68%. TDAQ operates in the developed U.S. equity market within the covered call strategy segment. Launched on September 4, 2025, as part of ETF Opportunities Trust, TDAQ represents TappAlpha's expansion of its fintech-powered ETF lineup following the success of its flagship TappAlpha SPY Growth & Daily Income ETF (TSPY), which surpassed $69 million in assets under management (AUM) at the time of TDAQ's introduction. TappAlpha, founded in 2023 and headquartered in Seattle, Washington, issues the fund and leverages advanced financial technologies to enhance investment strategies, making sophisticated options-based approaches accessible to everyday investors. In a significant recent milestone, TDAQ exceeded $25 million in AUM within two months of launch by October 31, 2025, outperforming the Nasdaq-100 benchmark with a total return of 10.57% since inception and demonstrating rapid investor adoption of its daily income strategy on the high-growth Nasdaq-100. As of late 2025, the fund maintains total net assets around $56-58 million, with shares outstanding of approximately 2.09 million and a NAV near $26.78.