TSPY: TappAlpha SPY Growth & Daily Income ETF

Investment Objective:
The TappAlpha SPY Growth & Daily Income ETF (the “Fund”) seeks current income while maintaining prospects for capital appreciation. The Fund’s secondary investment objective is to seek exposure to the performance of the SPDR S&P 500 ETF Trust (“SPY”) , subject to a limit on potential investment gains.

Prospectus
More Info

As of:

November 19, 2024

MM/DD/YYYY

Market Price
$
XX.XX
25.73
0.27
%
0.27
%
0.27
%
NAV Price
$
XX.XX
25.69
0.41
%
0.41
%
0.41
%
Net Assets
$
XXX,XXX,XXX
6936462
Expense Ratio
0.68
%
Distribution Rate
13.07
XX.XX
%
30 Day SEC Yield
0.57
XX.XX
%

TSPY: The fintech-powered ETF designed to capture S&P 500® performance & daily potential income generation.

"Fintech-powered" refers to the use of advanced financial technologies to enhance, enable, and deliver our financial products and services. Tech-enabled services and businesses use technology to improve efficiency and innovation. They can include a combination of human expertise and technology to streamline processes, increase accuracy, and provide new insights.
The fund aims to achieve its objectives through:

Growth

Direct exposure to the largest and most liquid index tracking ETF in the world, the S&P 500, for consistent capital appreciation opportunities.

Income Generation

Our strategy identifies and analyzes various dynamic parameters, increasing the potential for consistent, additive income generation.

Maximized Time Decay

By writing call options each trading day that expire the same day, TSPY seeks to capitalize on the rapid time decay inherent to 0DTE option positions.

An icon of a shield with a clock on it

Reduced Time Risk

The daily expiration of the options minimizes prolonged market exposure, seeking to reduce unfavorable shifts in the underlying security.

Flexibility

As market conditions change, so do the fund’s positions, offering the best chance to participate in both the underlying security's performance and the simultaneous harvesting of daily options premiums.

TSPY featured on Nasdaq

Just for Funds dives into the TSPY strategy with our very own Si Katara. Watch to find out where it fits in your portfolio!

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At a Glance...

As Of:
November 19, 2024
MM/DD/YYYY
Primary Exchange
NASDAQ
Number of Holdings
5
Shares Outstanding
270000
Premium/Discount
0.15
30-Day Median Bid-Ask
0.35
ISIN
US26923N5538
Inception Date
08/14/2024
CUSIP
26923N553

Price Performance

As of:

November 19, 2024

MM/DD/YYYY

November 19, 2024
Market Price:
25.73
(Change:
0.27
)
NAV Price:
(Change:
)
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Price Chart ($)
Performance Chart (%)
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Monthly
Quarterly
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As of:
MM/DD/YYYY
1 month
3 months
6 months
1 year
YTD
Since Inception

Performance Disclosure

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained above. Returns less than one year are not annualized.
Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. The Fund does not have a track record of reporting to investors or widely available research coverage which may result in price volatility.
Market performance is the price at which shares in the ETF can be brought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Distributions

As of:

November 19, 2024

MM/DD/YYYY

Distribution Rate
13.07
%
XX.XX%
30 Day SEC Yield
0.57
%
XX.XX%
12-month Trailing Distribution
13.50
%
XX.XX%
Declaration Date
Record Date
Ex-Date
Pay Date
Amount
Supplemental Tax Information
Dec 3, 2024
Dec 4, 2024
Dec 4, 2024
Dec 5, 2024
$
19a-1 Notice
Nov 5, 2024
Nov 6, 2024
Nov 6, 2024
Nov 7, 2024
$
0.27655
19a-1 Notice
Oct 2, 2024
Oct 3, 2024
Oct 3, 2024
Oct 4, 2024
$
0.29488
19a-1 Notice
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund's income and gains for the Fund's taxable year. Distributions in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital.

The final tax character of the Funds' distributions will not be determined until the end of the Funds' fiscal year. Accordingly, there is no guarantee regarding the portion of each Fund’s distributions that will be classified as a return of capital or dividend income. The final tax character of distributions paid by the Funds in 2024 will be provided to shareholders on Form 1099-DIV.

Holdings

As of:

November 19, 2024

MM/DD/YYYY

Ticker
Security Description
CUSIP / ISIN
% of Funds
Shares / Contracts
Market Value
SPY
SPDR S&P 500 ETF Trust
78462F103
99.58
%
11666
$
6886440
Cash&Other
Cash & Other
Cash&Other
0.70
%
48190
$
48190
FGXXX
First American Government Obligations Fund 12/01/2031
31846V336
0.08
%
5489
$
5489
XSP 241119C00590000
CBOE MIN CLL OPT 11/24 590
XSP 241119C00590000
-0.01
%
7
$
-1015
SPXW 241119C05895000
CBOE S&P CLL OPT 11/24 5895
SPXW 241119C05895000
-0.35
%
11
$
-23947
Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Premium/Discount

As of:
November 19, 2024
MM/DD/YYYY
Premium/Discount
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Number of Days at
Premium
37
Days
Day
Discount
0
Days
Day
Both
37
Days
Day
Both (YTD)
69
Days
Day
P/D +/- 2%
0
Days
Day
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The performance data quoted represents past performance. Past performance does not guarantee future results.

Supplemental Discussion

TappAlpha (“Advisor”) will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund's income and gains for the Fund's taxable year. Distributions in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital.
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