{
 "ticker": "TDAQ",
 "name": "TappAlpha Innovation 100 Growth & Daily Income ETF",
 "issuer": "TappAlpha",
 "desk": "income",
 "url": "https://etfiq.com/funds/tdaq",
 "html": "https://etfiq.com/funds/tdaq",
 "markdown": "https://etfiq.com/funds/tdaq.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, TDAQ paid 16.2% in cash and finished 0.9 points ahead of QQQ.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "16.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDAQ, cash paid, 1 year, on its starting price: 16.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+23.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDAQ, total return, 1 year: +23.9%, as of Sep 11, 2026."
  },
  {
   "key": "against_qqq",
   "label": "Against QQQ",
   "value": "+0.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDAQ, against QQQ: +0.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "17.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TDAQ, latest payout, annualized: 17.5%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$248m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TDAQ, net assets: $248m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.83%",
   "source": "485BPOS XBRL, Apr 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "TDAQ, expense ratio: 0.83% (485BPOS XBRL, Apr 29, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Nasdaq-100 (QQQ), used as the innovation proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$248m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "17.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.83%",
   "source": "485BPOS XBRL, Apr 29, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "15.3%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 4, 2025",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "28 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.3927 ex Aug 18, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_11_distributions",
   "label": "Sum of the last 11 distributions",
   "value": "$4.1237",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "4.2%",
   "Price": "\u22125.3%",
   "Total return": "\u22121.2%",
   "QQQ": "\u22120.8%",
   "Ahead or behind": "\u22120.4 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "9.2%",
   "Price": "+9.4%",
   "Total return": "+19.1%",
   "QQQ": "+20.7%",
   "Ahead or behind": "\u22121.6 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "16.2%",
   "Price": "+5.9%",
   "Total return": "+23.9%",
   "QQQ": "+23.0%",
   "Ahead or behind": "+0.9 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "16.5%",
   "Price": "+7.5%",
   "Total return": "+25.8%",
   "QQQ": "+24.9%",
   "Ahead or behind": "+1.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has TDAQ paid over the last year?",
   "a": "Over the year to Sep 11, 2026, TDAQ paid 16.2% of its starting price in cash distributions, while the price rose 5.9%."
  },
  {
   "q": "Is TDAQ ahead of QQQ?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, TDAQ returned +23.9% against +23.0% for Nasdaq-100 (QQQ), used as the innovation proxy, so a holder was ahead of it by 0.9 points."
  },
  {
   "q": "How often does TDAQ pay, and how much?",
   "a": "TDAQ pays monthly. The latest distribution annualizes to 17.5% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does TDAQ next pay a distribution?",
   "a": "TDAQ pays monthly. The last distribution went ex on Aug 18, 2026 at $0.3927 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 15, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  },
  {
   "q": "What does TDAQ cost?",
   "a": "The prospectus expense ratio is 0.83% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}