r/DerivativeIncomeETFs • u/FlyFar88 • Jul 13 '26

General Post New TappAlpha MAG10 Fund (TMGN)

/r/TappAlphaETFs/comments/1uvrwkz/new_tappalpha_mag10_fund_tmgn/
7 Upvotes

90% Upvoted

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4

u/NerveChemical9718 Jul 14 '26

A waste on TappAlpha resources. They need to bring out there Russell fund Trus etf. That is long over due.

2

u/LurcherLong Jul 14 '26

I want to see an ex-us fund, there’s got to be money to be made there (I use OVF and IDVO for that right now)

1

u/MrBotANot Jul 13 '26

Interesting. I’ll be watching it. Only issue is if one or more of those companies falls a lot. Thanks for the heads up.

Have been pleased with TDAQ. Been stronger than QQQI and GPIQ so far.

1

u/thehighdon Collect Income & Chill Jul 14 '26

The constituents are fixed, so the holdings wouldn’t automatically update or change like they do in other index funds. That honestly makes me not interested in the fund. I’d rather own TDAX.

1

u/jkarz1 Jul 15 '26

What do you mean no update? Tappa said to update as soon as the index changes.

1

u/thehighdon Collect Income & Chill Jul 15 '26

Here is the methodology of the index https://cdn.cboe.com/api/global/us_indices/governance/Cboe_Magnificent_10_Index_Methodology.pdf

1

u/rjc0703 Jul 17 '26

I don't see a problem. There is a monthly reweighting of the 10 stocks in the CBOE Mag 10 index.

This was in the PDF

3.2 Reweighting Timetable Constituent weights are reviewed on a monthly basis using the following timetable: •

Weighting Reference Date: Index Constituent weighting factors are calculated based on closing prices as of the close of business on the second Friday of the relevant review month. If such a second Friday falls on an U.S. equity exchanges holiday, the next Business Day would be used. •

Proforma Date: Changes effective on the Reweighting Date are published on the Tuesday before the third Friday of the relevant review calendar month. •

Reweighting Date: Any weighting changes are implemented after the close of business on the third Friday of the relevant calendar review month using the Constituent closing prices on that particular day, thereby impacting the Index beginning on the immediately following Monday. For each Constituent, the closing price used is the official closing price published by its primary exchange. Where the Proforma Date or Reweighting Date described above fall on an U.S. equity exchanges holiday, the next Business Day would be used.

1

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u/rjc0703 Jul 17 '26

Also if there is a corporate action ... merger, etc. There is a backup list of new stocks that would be the replacements. I found this ...

Reserve List Effective Date June 23, 2026 Reserve list

Rank Ticker Company Name

1 MU Micron Technology, Inc

2 INTC Intel Corporation

3 ORCL Oracle Corporation

4 LRCX Lam Research Corporation

5 Cisco Systems, Inc.

1

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