TappAlpha Announces Second Monthly Distribution for TappAlpha SPY Growth & Daily Income ETF (TSPY)
2024年11月7日 - 10:00PM
ビジネスワイヤ(英語)
TappAlpha, a fintech company aiming to make powerful investing
accessible, today announced the second monthly income distribution
for the TappAlpha SPY Growth & Daily Income ETF (NASDAQ:
TSPY).
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241107337756/en/
(Graphic: Business Wire)
Distribution Amount: $0.27655 per share Distribution Rate (as of
11/5/24): 12.93% 30-day SEC Yield (as of 11/5/24): 0.57%
Ex-Date - Wednesday, 11/6/24 Payable Date - Thursday,
11/7/24
Launched on August 15, 2024, TSPY seeks to generate current
income while maintaining prospects for capital appreciation. The
ETF integrates the S&P 500’s growth with a daily covered call
strategy, helping to provide enhanced income with market
participation. This innovative strategy is designed for those
seeking portfolio diversification, additional income potential and
effective risk management.
TSPY issued its first monthly distribution on October 3, 2024.
TSPY is currently offered at a management fee of 0.68% and has
$6,931,386 in net assets as of 11/6/24.
To learn more about TappAlpha and TSPY, please visit
TappAlphaFunds.com.
About TappAlpha
Founded in 2023, TappAlpha is a Seattle-based fintech company
committed to making advanced financial tools and education
accessible to everyone. By making investing simple, actionable, and
transparent, TappAlpha seeks to enable investors to unlock
potential income and achieve their financial goals. The company is
built on a foundation of empathy, trust, and transparency ensuring
a customer-first approach in all of its initiatives.
Disclosures
For prospectus, click here: TSPY Prospectus
The Fund’s shares will change in value, and you could lose money
by investing in the Fund. The Fund may not achieve its investment
objectives. The Fund invests in options contracts that are based on
the value of the Index, including SPX and XSP options. 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. By virtue of the Fund’s investments in
options contracts that are based on the value of the Index, the
Fund may also be subject to an indirect investment risk, an index
trading risk & an S&P 500 Index Risk.
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.
The Distribution Rate is the annual rate an investor would
receive if the most recent fund distribution remained the same
going forward. The Distribution Rate represents a single
distribution from the Fund and is not a representation of the
Fund's total return. The Distribution Rate is calculated by
multiplying the most recent distribution by 12 in order to
annualize it, and then dividing by the Fund's NAV.
30-day SEC Yield is based on a formula mandated by the
Securities and Exchange Commission (SEC) that calculates a fund's
hypothetical annualized income, as a percentage of its assets. A
security's income, for the purposes of this calculation, is based
on the current market yield to maturity (in the case of bonds) or
projected dividend yield (for stocks) of the fund's holdings over a
trailing 30-day period. This hypothetical income will differ (at
times, significantly) from the fund's actual experience; as a
result, income distributions from the fund may be higher or lower
than implied by the SEC yield.
Return of Capital (ROC) refers to a portion of a distribution
that an ETF, mutual fund, or other investment may pay to investors
that comes from the original principal (or initial investment)
rather than from earnings, profits, or capital gains.
A final determination of the tax character of distributions paid
by the Funds will not be known until the completion of the Funds’
fiscal year and there can be no assurance as to the portions of
each Fund’s distributions that will constitute return of capital
and/or dividend income. The final determination of the tax
character of distributions paid by the Funds in 2024 will be
reported to shareholders in January 2025 on Form 1099-DIV.
Investing in securities involves risk including the loss of
principal.
Distributed by Foreside Fund Services, LLC, Member FINRA.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241107337756/en/
For media inquiries: Gregory FCA for TappAlpha
TappAlpha@gregoryfca.com
TappAlpha SPY Growth and... (NASDAQ:TSPY)
過去 株価チャート
から 11 2024 まで 12 2024
TappAlpha SPY Growth and... (NASDAQ:TSPY)
過去 株価チャート
から 12 2023 まで 12 2024