TDAQ Lift ETF (TDAX)

The TDAQ Lift ETF (TDAX) is an exchange-traded fund from TappAlpha whose strategy is built around the TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ), the firm's Nasdaq-100 focused covered-call fund.

The fund is designed to provide amplified, or lifted, exposure to that underlying strategy, using derivatives or borrowing to increase its economic exposure beyond the fund's net assets. This means its results can be magnified in both directions relative to TDAQ, which itself combines large-cap growth stocks with short-dated call option writing.

Its aim is to deliver enhanced participation in the income and growth profile of the underlying fund.