TappAlpha Innovation 100 Growth & Daily Income ETF

TDAQ

Market cap $120M

TappAlpha Innovation 100 Growth & Daily Income ETF offers a high estimated annualized yield of 17.7% with monthly payouts and Nasdaq-100 exposure. TDAQ employs a 0DTE covered call strategy on the Nasdaq-100 Index, balancing income generation with limited upside growth potential. The ETF has maintained consistent, tax-efficient distributions, with 100% classified as return of capital, appealing to income-focused investors.

The TappAlpha Innovation 100 Growth & Daily Income ETF offers superior income consistency, higher yield, and tax efficiency versus the ProShares Nasdaq-100 High Income ETF. TDAQ's active management enables better distribution targeting, dynamic option strategies, and more consistent payouts, with a recent annualized yield of 17.75%. TDAQ's structure allows for tax-loss harvesting and favorable 60/40 capital gains treatment, while IQQQ's swap-based approach is less tax-efficient.

TappAlpha Innovation 100 Growth & Daily Income ETF offers a 17.37% yield via a 0DTE covered call strategy on QQQ, aiming for income and capital preservation. TDAQ's NAV grew 5.5% in its first three months, outperforming peers like QDTE, JEPQ, and QQQI, despite its short track record. The fund's 0DTE approach limits upside in bull markets but excels in volatile environments, with tax-efficient, return-of-capital distributions.