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TappAlpha’s TDAQ Surpasses $25 Million AUM in Under Two Months, Outpacing Nasdaq 100 in Performance
Globenewswire· 2025-10-31 11:30
Core Insights - TappAlpha's actively managed income ETF, TDAQ, has surpassed $25 million in assets under management (AUM) within two months of its launch, indicating strong market demand for innovative income strategies [1][5] - TDAQ has achieved a total return of 10.57% since its inception on September 4, 2025, outperforming its benchmark, the Nasdaq-100, which returned 10.16% during the same period [2] - TDAQ employs a daily covered call strategy integrated with QQQ holdings, allowing investors to benefit from growth in technology companies while generating consistent income [4] Company Overview - TappAlpha is a fintech-powered ETF issuer founded in 2023, focused on making advanced investment strategies accessible to everyday investors [7][8] - The company aims to democratize sophisticated investment strategies, as evidenced by the rapid growth of TDAQ and its commitment to providing tax-efficient income options [5] - TDAQ is offered at a total expense ratio of 0.68%, with anticipated monthly distributions, making it a versatile investment choice [5]