TappAlpha's TDAQ Exceeds $25 Million AUM in a Remarkable Start
TappAlpha's Impressive Growth with TDAQ ETF
TappAlpha, a prominent fintech-driven ETF issuer, recently made headlines with its income-focused ETF, TDAQ, which has impressively crossed the $25 million mark in assets under management (AUM) in just under two months since its launch.
Performance That Outshines the Nasdaq-100
In a remarkable feat, TDAQ has generated a total return of 10.57% since its inception in early September, surpassing the performance of its benchmark, the Nasdaq-100, which rose by 10.16%. This strong showing solidifies TDAQ's position in the competitive investment landscape.
A Unique Investment Strategy
TDAQ sets itself apart by integrating holdings from QQQ while employing a daily covered call strategy. This innovative approach allows investors to participate in the dynamic growth of leading technology firms while also pursuing opportunities for consistent income generation.
Remarks from TappAlpha's Leadership
Si Katara, the CEO and founder of TappAlpha, emphasized that TDAQ harnesses the advanced technology platform first introduced with TSPY, now leveraged to tap into the wealth of opportunities within the Nasdaq-100. Katara noted, "Achieving $25 million in AUM in such a short period clearly indicates a strong interest in innovative income strategies. It took our previous fund, TSPY, nearly three times longer to reach this milestone, which highlights the growing demand for a blend of growth potential along with significant, tax-efficient income."
Commitment to Investor Accessibility
TappAlpha's initiatives reflect a larger commitment to democratizing access to sophisticated investment strategies. Both TSPY and TDAQ are designed to empower everyday investors and financial advisors with effective investment tools. This versatile investment option comes with an attractive total expense ratio of 0.68%, along with expected monthly distributions to its investors.
Key Features of the TDAQ ETF
The TDAQ ETF uniquely showcases TappAlpha’s dedication to enhancing portfolio resilience and income potential for all types of investors. This commitment underscores TappAlpha's mission to provide clear, actionable, and transparent investment solutions.
Future Outlook
Given its solid performance and the innovative strategies employed, TDAQ is positioned to attract more investors seeking diversification within their portfolios. TappAlpha's approach combines technological innovation with sound investment principles to create opportunities for sustainable growth.
Frequently Asked Questions
What is TDAQ?
TDAQ is an actively managed income ETF that combines holdings from the QQQ with a daily covered call strategy, designed to provide both growth and income potential.
How much AUM has TDAQ achieved?
TDAQ surpassed $25 million in assets under management in less than two months after its launch.
How has TDAQ performed compared to the Nasdaq-100?
Since its inception, TDAQ has delivered a total return of 10.57%, outperforming the Nasdaq-100's return of 10.16% during the same period.
What investment strategies does TDAQ use?
TDAQ utilizes a daily covered call strategy in addition to holding shares from the Nasdaq-100 to create a balanced investment approach focusing on growth and income.
Who is behind TappAlpha?
TappAlpha is a fintech-enabled ETF issuer committed to making advanced investment strategies accessible to all investors, striving for simplicity and transparency in investing.
About The Author
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