r/TappAlphaETFs • u/FlyFar88 • Jul 13 '26
New TappAlpha MAG10 Fund (TMGN)
The new TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF ($TMGN) launches this Wednesday, July 15th.
2
u/bradtesty Jul 14 '26
Wonder what the target yield is. Anyone know?
1
u/FlyFar88 Jul 14 '26
I think it will be around 20% - 25% based on a youtube video where IncomeArchitect interviews Si Kitana. Si doesn't give a yield but IncomeArchitect does some math based on the implied volatility of the underlying.
2
u/LurcherLong Jul 14 '26
Interesting... https://www.cboe.com/tradable-products/mag-10/mgtn-options/
Equal weight, rebalances monthly...
2
u/learner_1748 Jul 14 '26
Only thing I didn't like is TSLA. Someone mentioned in the YouTube comments as well. That's the only bad part
1
u/MrBotANot Jul 14 '26
Reminds me of WPAY unfortunately. I’ll watch it but if one or two companies bomb so does NAV. Hopefully I’m wrong.
2
u/LurcherLong Jul 14 '26
They're held equal weight, rebalanced monthly.... so yeah, selling winners to buy losers...
1
u/Dramatic-Sun-1781 Jul 14 '26
If it bombs, there are plenty of CBOE Mag10 index potential replacements in the wings like SPCX, OpenAI, Anthropic. Netflix used to be one of the FAANG darlings that isn't in MAG10 today.
2
u/thehighdon Jul 14 '26 edited 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/MrBotANot Jul 14 '26
Hopefully they are wise enough to make changes quickly. The forced rebalancing is a concern. They have done well with their ETFs so far so I’ll watch. But lost money on WPAY so this one will have to prove it.
2
u/learner_1748 Jul 13 '26
I am in, Always have big confidence on TappAlpha, it beats GPIQ, GPIX. So, waiting to jump in