TSPY ETF

Looking for Reliable
Daily Income with Market Growth Potential?

Fact Sheet
Fact Sheet

Since the inception of the TappAlpha SPY Growth & Daily Income ETF (TSPY), it has outperformed many of its equity income peers. 

The chart below compares the total return performance of several peers with the S&P 500 serving as a baseline for comparison.

TSPY vs SPYI, JEPI, XYLD, S&P 500
3 Month Performance (8/15/24 - 11/14/24)
Total Returns
Benchmark
8.55
5.67
5.94
6.70
7.67
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. Standardized performance current to the most recent month-end and quarter-end can be obtained by visiting any of the corresponding ETF funds pages by clicking on their ticker: TSPY, XYLD, JEPI, SPYI or by calling (844) 403-2888. The funds shown are managed differently and do not perform the same in various economic or market events. The funds investment objectives, strategies, policies, insurances, and restrictions can be found in their respective prospectuses, found by clicking the aforementioned links. More information regarding the differences in these ETFs is available by clicking here.

The TappAlpha SPY Growth & Daily Income ETF (TSPY) offers a compelling approach for investors seeking consistent income paired with exposure to the S&P 500’s performance.

Through a daily covered call strategy, TSPY is designed to generate income from option premiums while aligning with the market’s growth, positioning it as a unique and strategic option for income-focused investors.

Seeking Consistent Income Generation and Market Participation

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TSPY's strategy aims to balance steady income with the potential for market-based gains. By selling “out-of-the-money” options on a daily basis, TSPY seeks to captures premium income efficiently, with the flexibility to adjust based on market conditions.

This structure is designed to provide investors with opportunities to benefit from income while participating in the upward potential of the S&P 500 index, with the aim of enhancing TSPY's value as both an income and growth investment option.

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Key Considerations for TSPY

1

Income Consistency Through Options Strategy

TSPY employs a daily covered call approach on SPY, aiming to generate premium income consistently. This potential enables TSPY to deliver steady income that is less impacted by long-term market volatility.

2

Managed Upside Participation

While the covered call approach limits TSPY’s full upside potential, it allows investors to participate in market growth up to a certain cap. This feature makes TSPY suitable for income-focused investors who also seek some capital appreciation.

3

Diversified S&P 500 Exposure with Income Focus

TSPY provides exposure to the broad S&P 500 Index while seeking to incorporate income generation through options. This dual focus allows investors to maintain broad market exposure without sacrificing income potential.

4

Expense Efficiency

With a competitive expense structure, TSPY offers an affordable option for investors compared to similar funds. This makes it an appealing choice for those looking to manage costs while seeking both income and growth exposure.

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