SEATTLE, Sept. 15, 2026 (GLOBE NEWSWIRE) -- TappAlpha today announced that the TappAlpha Innovation 100 Growth & Daily Income ETF (Cboe: TDAQ) completed its first year of trading with $330 million in assets under management.

The milestone places TDAQ among a small group of active ETFs to achieve meaningful scale so quickly. Research published by Broadridge Financial Solutions in June 2025 found that only 11% of actively managed ETFs reach $100 million in their first year, a level the firm identifies as a practical dividing line for long-term viability. 1

TDAQ reached that milestone amid a record wave of ETF launches. More than 1,100 new ETFs came to market in the United States in 2025, roughly 85% of them actively managed. Derivative income was also among the most competitive active ETF categories, attracting approximately $54 billion in net new assets during the year.

TDAQ by the Numbers
From September 4, 2025 through September 3, 2026:

  • 26.61% total return at market price
  • 17.26% average annualized distribution rate
  • 8.7% growth in NAV per share, from $24.83 to $27.00
  • $4.12 per share distributed
  • $333 million in net assets, up from approximately $240,000 at launch

For TappAlpha, the pace represents more than a single fund milestone. The firm believes this growth reflects increasing interest in an investment approach called Growth + Income: keeping capital invested for long-term growth while also seeking to generate meaningful income along the way.

The acceleration can be seen across TappAlpha's own lineup. The TappAlpha S&P 500 Growth & Daily Income ETF (Nasdaq: TSPY), the firm's first fund, crossed $300 million in June 2026, 22 months after its August 2024 launch. TDAQ reached the same level in roughly half the time.

"Investors have spent generations being told that they have to choose either growth or income when they invest," said Si Katara, Founder and CEO of TappAlpha. "We never accepted that. We don’t believe investors should have to choose. Capital can stay invested in the equity markets, generate meaningful income, and allow investors to access that income tax-efficiently. TSPY demonstrated that the strategy is compelling to many investors. TDAQ reinforced that, reaching the same milestone in half the time.”

TDAQ seeks to combine exposure to the Nasdaq-100 with an actively managed daily covered call strategy designed to generate income while retaining participation in market growth. By resetting its options strategy each trading day, TDAQ seeks to offer an alternative to traditional longer-dated covered call approaches for investors and advisors balancing current income with continued equity participation.

The fund seeks to pay monthly distributions and carries a 0.68% management fee and a 0.83% total expense ratio, inclusive of acquired fund fees and expenses. Distributions are not guaranteed.

TDAQ's anniversary comes as TappAlpha has grown to approximately $750 million in assets across five ETFs, just over two years after launching its first fund. TSPY passed its two-year anniversary in August 2026.

"The goal was never to put a big yield on a label," Katara added. "It was to build something investors can stay in for years and advisors can hold in a core allocation. The rate of adoption in TDAQ’s first year tells us that idea is resonating and we think we're still at the beginning."

As adoption continues to build, TappAlpha remains focused on delivering solutions designed for modern portfolios, where income and growth are no longer mutually exclusive.

For more information on TappAlpha ETFs, visit TappAlphaFunds.com .

About TappAlpha
TappAlpha is The Growth + Income Company. Founded in 2023 on the belief that your money should work for today without giving up on tomorrow, the firm is building the Growth + Income Investing category through ETFs that start with the markets investors already want to own and are designed to add tax-efficient cash flow. Every TappAlpha strategy is built and managed on the TappAlpha Engine, the firm’s proprietary Growth + Income technology platform, which applies a single, continuously refined investment process across its entire fund lineup.

Disclosures

For standardized performance, visit here https://www.tappalphafunds.com/etfs/tdaq . The 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 performance quoted. Distributions are not guaranteed. The distribution rate may include a return of capital. ROC reduces NAV and may be taxable as ordinary income or capital gain upon disposition or sale of Fund shares. Performance current to the most recent month end can be obtained above. Returns less than 1 year are not annualized.

Investors should carefully consider the investment objectives, risks, charges and expenses of the ETFs identified on this site. This and other important information about the Fund are contained in the prospectus, which can be obtained by visiting tappalphafunds.com or by calling (844) 403-2888. The prospectus should be read carefully before investing.

1 Active ETFs: Achieving escape velocity, Broadridge Financial Solutions https://www.broadridge.com/insight-pages/active-etfs-achieving-escape-velocity
White paper: https://www.broadridge.com/_assets/pdf/activeetf.pdf

Nasdaq-100 Index: The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Covered call: A covered call is an options strategy in which an investor holds an underlying security and sells call options against that position. The strategy generates option premium but may limit participation in gains above the options’ strike price. The premium received may provide limited downside protection but does not protect against a significant decline in the underlying security.

Investing in securities involves risk, including the potential loss of principal. You could lose money by investing in the Fund and the Fund may not achieve its investment objectives.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

The Fund invests in options contracts that are based on the value of the Index, including XND and NQX options for TDAQ. This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index, even though it does not own shares of companies in the Index. The Fund will have exposure to declines in the Index. The Fund is subject to potential losses if the Index loses value, which may not be offset by income received by the Fund. To the extent that the Fund invests in other ETFs or investment companies, the value of an investment in the Fund is based on the performance of the underlying funds in which the Fund invests and the allocation of its assets among those ETFs or investment companies. The Fund may incur high portfolio turnover to manage the Fund’s investment exposure. The Fund is classified as “non-diversified” under the 1940 Act.

Due to the short time until their expiration, 0DTE options are more sensitive to sudden price movements and market volatility than options with more time until expiration. Because of this, the timing of trades utilizing 0DTE options becomes more critical.

Even a slight delay in the execution of 0DTE trades can significantly impact the outcome of the trade. 0DTE options may also suffer from low liquidity, making it more difficult for the Fund to enter into its positions each morning at desired prices. The bid-ask spreads on 0DTE options can be wider than with traditional options, increasing the Fund's transaction costs and negatively affecting its returns. These risks may negatively impact the performance of the fund.

Distributor: Foreside Fund Services, LLC

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65d52e10-218a-4ce2-8605-153bd0788ebe