0001771146 2026-01-01 2026-06-30 0001771146 tappalpha:C000269835Member 2026-01-01 2026-06-30 0001771146 tappalpha:C000247975Member 2026-01-01 2026-06-30 0001771146 tappalpha:C000269836Member 2026-01-01 2026-06-30 0001771146 tappalpha:C000247976Member 2026-01-01 2026-06-30 0001771146 tappalpha:ReturnSwapContractsMember tappalpha:C000269835Member 2026-06-30 0001771146 us-gaap:ExchangeTradedFundsMember tappalpha:C000247975Member 2026-06-30 0001771146 us-gaap:MoneyMarketFundsMember tappalpha:C000247975Member 2026-06-30 0001771146 tappalpha:ReturnSwapContractsMember tappalpha:C000269836Member 2026-06-30 0001771146 us-gaap:MoneyMarketFundsMember tappalpha:C000269835Member 2026-06-30 0001771146 us-gaap:CashMember tappalpha:C000269835Member 2026-06-30 0001771146 tappalpha:DerivativesMember tappalpha:C000269835Member 2026-06-30 0001771146 tappalpha:OtherAssetsNetOfLiabilitiesMember tappalpha:C000269835Member 2026-06-30 0001771146 tappalpha:C000247975Member tappalpha:InvescoNasdaq100ETFMember 2026-06-30 0001771146 tappalpha:C000247975Member tappalpha:FirstAmericanGovernmentObligationsFundClassXMember 2026-06-30 0001771146 tappalpha:C000269835Member 2026-06-30 0001771146 tappalpha:C000247975Member 2026-06-30 0001771146 tappalpha:C000269836Member 2026-06-30 0001771146 tappalpha:C000247976Member 2026-06-30 0001771146 us-gaap:MoneyMarketFundsMember tappalpha:C000269836Member 2026-06-30 0001771146 us-gaap:CashMember tappalpha:C000269836Member 2026-06-30 0001771146 tappalpha:DerivativesMember tappalpha:C000269836Member 2026-06-30 0001771146 tappalpha:OtherAssetsNetOfLiabilitiesMember tappalpha:C000269836Member 2026-06-30 0001771146 tappalpha:C000247976Member tappalpha:VanguardSAndP500ETFMember 2026-06-30 0001771146 tappalpha:C000247976Member tappalpha:FirstAmericanGovernmentObligationsFundClassXMember 2026-06-30 0001771146 us-gaap:ExchangeTradedFundsMember tappalpha:C000247976Member 2026-06-30 0001771146 us-gaap:MoneyMarketFundsMember tappalpha:C000247976Member 2026-06-30 iso4217:USD pure tappalpha:Holdings false N-1A 0001771146 N-CSRS ETF Opportunities Trust 2026-06-30 semi-annual shareholder report TDAQ LIFT ETF TDAQ LIFT ETF TDAX CboeBZX This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_z3sALUuXenga">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">TDAQ LIFT ETF</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 7, 2026</span> (inception) to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_901_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_zpnFT3H7ysyi">www.tappalphafunds.com/etfs/tdax</span></span>. You can also contact us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_908_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_z7w8wnxg4pPl">(844) 403-2888</span></span>. www.tappalphafunds.com/etfs/tdax (844) 403-2888 <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000269835Member_dD_zlVJCBMDcZZa" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -2pt 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">TDAQ LIFT ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_901_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_fuQ_____zzbYw0saE5Gl">52</span>¹</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_907_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_fsg_____zd1oNxtpLJI5">0.98</span>%²</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F03_z4qoHy4aXkT6" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F19_ztMijRKg808f" style="text-align: justify"><span id="xdx_905_eoef--ExpensesShortPeriodFnTextBlock_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_zknYGCXYH8V2">Costs are for the period of <span style="font-weight: normal">January 7, 2026</span> to <span style="font-weight: normal">June 30, 2026</span>. Costs for a full semi-annual period would be higher.</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0C_z41yJTMXv2ih" style="width: 15pt; text-align: right">²</td><td style="width: 5pt"></td><td id="xdx_F18_zJvxfRt7Z2oa" style="text-align: justify">Annualized.</td> </tr></table> 52 0.0098 Costs are for the period of <span style="font-weight: normal">January 7, 2026</span> to <span style="font-weight: normal">June 30, 2026</span>. Costs for a full semi-annual period would be higher. <p id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000269835Member_dD_zN9MwKHbfTHd" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0">Total Return Swap Contracts</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269835Member__us-gaap--InvestmentTypeAxis__custom--ReturnSwapContractsMember_zVAEoVFwMPpl" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; margin-left: 0; text-indent: 0; margin-right: 0; text-align: right">130.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; margin-left: 0; text-indent: 0; margin-right: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 29.84px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> 1.3000 <div id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000269835Member_dD_zQTnBrPoERf1" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Money Market Fund</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269835Member__us-gaap--InvestmentTypeAxis__us-gaap--MoneyMarketFundsMember_z9Oi0mFuG9M4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">64.61%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269835Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zaLLw8JpDCPd" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">20.47%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269835Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zW4qTqBX5A" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">13.64%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets Net of Liabilities</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269835Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsNetOfLiabilitiesMember_zn8oqiOxFK2b" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.28%</span> </div> </td> </tr> </table> </div> 0.6461 0.2047 0.1364 0.0128 <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000269835Member_dD_zsekymOTtF5g" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000269835Member_z5MO50JIXuLa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$43,477,077</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000269835Member_zOvQxSbRvGoc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_zJ20u5wVwzm9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$86,373</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000269835Member_zTtxsLX0wMTa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> 43477077 2 86373 0.0000 TappAlpha Innovation 100 Growth & Daily Income ETF TappAlpha Innovation 100 Growth & Daily Income ETF TDAQ CboeBZX This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_zV6B2Cqy8ySj">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">TappAlpha Innovation 100 Growth &amp; Daily Income ETF</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 1, 2026</span> to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_907_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_z3ifh85Uh4Mg">www.tappalphafunds.com/etfs/tdaq</span></span>. You can also contact us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_906_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_zkZhxNYByYyi">(844) 403-2888</span></span>. www.tappalphafunds.com/etfs/tdaq (844) 403-2888 This report describes changes to the Fund that occurred during the reporting period. <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000247975Member_dD_zh3xnhY9Q7bb" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -2pt 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">TappAlpha Innovation 100 Growth &amp; Daily Income ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_90D_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_zXpLlcXiEyzf">37</span></span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_903_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_fuQ_____ziMXP8xT9pTc">0.68</span>%¹</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F00_za9LD5aiyeya" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F1B_zVxbuFCWecLa" style="text-align: justify">Annualized.</td> </tr></table> 37 0.0068 <p id="xdx_804_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000247975Member_dD_zC90IeCNkJIa" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Exchange Traded Funds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247975Member__us-gaap--InvestmentTypeAxis__us-gaap--ExchangeTradedFundsMember_zzw2xOZsHdki" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">99.54%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Money Market Fund</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247975Member__us-gaap--InvestmentTypeAxis__us-gaap--MoneyMarketFundsMember_zBEgUsKcZZAb" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.14%</div> </td> </tr> </table> </div> </div><img alt="bar" src="qes9cne381mst7geod.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"><b style="box-sizing: border-box"></b></p> 0.9954 0.0014 <div id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000247975Member_dD_zwMpPhIRWTq3" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Invesco NASDAQ 100 ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247975Member__oef--LargestHoldingAxis__custom--InvescoNasdaq100ETFMember_z7symM1v0DU3" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">99.54%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government Obligations Fund - Class X</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247975Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassXMember_zDHwgTokHzA4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.14%</span> </div> </td> </tr> </table> </div> 0.9954 0.0014 <p id="xdx_804_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000247975Member_dD_zZfeQk1E9X1" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -6pt 0 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Changes</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt"></span> </p> <p id="xdx_842_eoef--MaterialFundChngObjectivesTextBlock_hoef--ClassAxis__custom--C000247975Member_zd8J54pG3nc2" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Investment Objective</p> <p style="font: 10pt/12pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 95.97px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 10pt; font-weight: normal">Effective May 1, 2026, the Fund revised its secondary investment objective from seeking exposure to the performance of the Invesco QQQ Trust, Series 1 (“QQQ”), subject to a limit on potential investment gains, to seeking exposure to the performance of the NASDAQ-100® Index. The revised objective provides the Adviser with additional flexibility to obtain exposure to the NASDAQ-100® Index through one or more exchange-traded funds that track the Index and/or through direct investment in some or all of the equity securities comprising the Index. The Fund’s primary investment objective of seeking current income while maintaining prospects for capital appreciation did not change.</span> </p> <p id="xdx_842_eoef--MaterialFundChngObjectivesTextBlock_hoef--ClassAxis__custom--C000247975Member_zd8J54pG3nc2" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Investment Objective</p> <p style="font: 10pt/12pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 95.97px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 10pt; font-weight: normal">Effective May 1, 2026, the Fund revised its secondary investment objective from seeking exposure to the performance of the Invesco QQQ Trust, Series 1 (“QQQ”), subject to a limit on potential investment gains, to seeking exposure to the performance of the NASDAQ-100® Index. The revised objective provides the Adviser with additional flexibility to obtain exposure to the NASDAQ-100® Index through one or more exchange-traded funds that track the Index and/or through direct investment in some or all of the equity securities comprising the Index. The Fund’s primary investment objective of seeking current income while maintaining prospects for capital appreciation did not change.</span> </p> <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000247975Member_dD_zKUjLXpmpNL3" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000247975Member_zrRYnzns6qzc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$248,683,722</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000247975Member_zrfuoEgeKlil" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_zjKmK9GHG24k" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$503,095</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000247975Member_zxzPsm0caJr6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> 248683722 2 503095 0.0000 TSPY LIFT ETF TSPY LIFT ETF TSYX NASDAQ This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_907_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_zkYSztKXS7t5">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">TSPY LIFT ETF</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 7, 2026</span> (inception) to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_903_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_zFHQT6ZmyXm4">www.tappalphafunds.com/etfs/tsyx</span></span>. You can also contact us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_909_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_zSiu3tLvLhF2">(844) 403-2888</span></span>. www.tappalphafunds.com/etfs/tsyx (844) 403-2888 <p id="xdx_802_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000269836Member_dD_zx1svzgq7Kv2" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -4pt 0 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -2pt 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">TSPY LIFT ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_90C_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_fuQ_____zChEtCAXJM5a">48</span>¹</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_90E_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_fsg_____zN0IxdyCv1K5">0.98</span>%²</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F01_z0XEq2P9rQW8" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F1E_zIiuChcCkHKe" style="text-align: justify"><span id="xdx_904_eoef--ExpensesShortPeriodFnTextBlock_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_zH8Kyj0ESSbj">Costs are for the period of <span style="font-weight: normal">January 7, 2026</span> to <span style="font-weight: normal">June 30, 2026</span>. Costs for a full semi-annual period would be higher.</span></td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zZlMGVDHhgN9" style="width: 15pt; text-align: right">²</td><td style="width: 5pt"></td><td id="xdx_F1E_zO4bIVp6wMDe" style="text-align: justify">Annualized.</td> </tr></table> 48 0.0098 Costs are for the period of <span style="font-weight: normal">January 7, 2026</span> to <span style="font-weight: normal">June 30, 2026</span>. Costs for a full semi-annual period would be higher. <p id="xdx_809_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000269836Member_dD_zw5UkjqMzRGe" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: table"> <tr style="box-sizing: border-box; display: table-row"> <td style="margin: 0; padding: 0; text-align: left; width: 135.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0">Total Return Swap Contracts</p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: 46.96pt; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 12pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269836Member__us-gaap--InvestmentTypeAxis__custom--ReturnSwapContractsMember_zHlY5VMILVFi" style="font: normal 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; margin-left: 0; text-indent: 0; margin-right: 0; text-align: right">128.00%</p> </div> </div> </div> </td> </tr> <tr style="margin: 0; padding: 0; box-sizing: border-box"> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> </p> </div> </div> </div> </td> <td style="margin: 0; padding: 0; text-align: left; width: auto; border-top-width: 0; box-sizing: content-box; border-left-width: 0; padding-top: 0; border-right-width: 0pt; padding-left: 0; border-bottom-width: 0; padding-right: 0; padding-bottom: 0"> <div style="box-sizing: border-box; text-align-last: auto; height: 11.99pt"> <div style="box-sizing: border-box; text-align-last: auto; display: table; width: 100%; height: 100%; overflow: hidden"> <div style="box-sizing: border-box; text-align-last: auto; height: 100%; width: 100%; display: table-cell"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; margin-left: 0; text-indent: 0; margin-right: 0; text-align: right"> </p> </div> </div> </div> </td> </tr> </table> </div> </div> <p style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; margin: 6pt 0 4pt; text-align-last: auto; display: block; min-height: 29.84px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">"Market Exposure" includes the values of total investments (including the contract value of any derivatives) and excludes any short-term investments.</p> 1.2800 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000269836Member_dD_zcu7gDlvM0V8" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Composition</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Money Market Fund</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269836Member__us-gaap--InvestmentTypeAxis__us-gaap--MoneyMarketFundsMember_zqPP3IXUrPG9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">73.61%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Cash</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269836Member__us-gaap--InvestmentTypeAxis__us-gaap--CashMember_zysRrClHPfg4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">13.89%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Derivatives</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269836Member__us-gaap--InvestmentTypeAxis__custom--DerivativesMember_zD7QBFt4S4hk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">12.11%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Other Assets Net of Liabilities</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000269836Member__us-gaap--InvestmentTypeAxis__custom--OtherAssetsNetOfLiabilitiesMember_zJ2iEZtVYR29" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.39%</span> </div> </td> </tr> </table> </div> 0.7361 0.1389 0.1211 0.0039 <p id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000269836Member_dD_zgUtl04M7fHi" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000269836Member_zrvvIAOPvGF2" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$13,610,848</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000269836Member_zfXMkDQS4Ome" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_z1zOC01SpoAe" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$44,205</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000269836Member_zH511DSHqLrb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.00%</span> </div> </td> </tr> </table> </div> </div> </div> 13610848 2 44205 0.0000 TappAlpha S&P 500 Growth & Daily Income ETF TappAlpha S&P 500 Growth & Daily Income ETF TSPY NASDAQ This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_zHGFAqgnZZZk">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">TappAlpha S&amp;P 500 Growth &amp; Daily Income ETF</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 1, 2026</span> to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90B_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_z3I3efu4I4n6">www.tappalphafunds.com/etfs/tspy</span></span>. You can also contact us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_90E_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_zmnpxrB2DIJe">(844) 403-2888</span></span>. www.tappalphafunds.com/etfs/tspy (844) 403-2888 This report describes changes to the Fund that occurred during the reporting period. <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000247976Member_dD_zdZPjdAGD9i3" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -2pt 0 4pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">TappAlpha S&amp;P 500 Growth &amp; Daily Income ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$<span id="xdx_902_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_zykgk5JViYp1">35</span></span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal"><span id="xdx_906_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_fuQ_____zJuoJ5oJWV98">0.68</span>%¹</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zIeppENBnzC9" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F11_zTxzUEiwIOV1" style="text-align: justify">Annualized.</td> </tr></table> 35 0.0068 <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000247976Member_dD_z54PZKhhxvR4" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000247976Member_zwpFXgRI6pXh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$310,530,244</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000247976Member_zmPzNa6XyYWb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">2</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_zRY3gr8VCX4l" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$846,550</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000247976Member_zs0iDE6OfPx" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.59%</span> </div> </td> </tr> </table> </div> </div> </div> 310530244 2 846550 0.0059 <p id="xdx_804_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000247976Member_dD_zwuak4Vhp4nl" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 14pt 0 0; text-align-last: auto; display: block; min-height: 33.59px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of Net Assets as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"><span style="box-sizing: border-box; font-size: 9pt"></span> </p> <div style="border-right: #000 0.94pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 4 / 5; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto; min-width: 0; overflow-wrap: break-word"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 24.23px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Market Exposure</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Exchange Traded Funds</div> </td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247976Member__us-gaap--InvestmentTypeAxis__us-gaap--ExchangeTradedFundsMember_zRLMvuDP4116" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">99.45%</div> </td> </tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Money Market Fund</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247976Member__us-gaap--InvestmentTypeAxis__us-gaap--MoneyMarketFundsMember_zXwXCpYAyu57" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.37%</div> </td> </tr> </table> </div> </div><img alt="bar" src="qes9cne381mst7h053.jpg" style="box-sizing: border-box; width: 100%; height: auto"/> </div> </div> <p style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-align: left; text-indent: 0"><b style="box-sizing: border-box"></b></p> </div> </div> </div> 0.9945 0.0037 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000247976Member_dD_zSjKl134aN3e" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vanguard S&amp;P 500 ETF</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247976Member__oef--LargestHoldingAxis__custom--VanguardSAndP500ETFMember_z6fNJg3u4sbb" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">99.45%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">First American Government Obligations Fund - Class X</span> </div> </td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000247976Member__oef--LargestHoldingAxis__custom--FirstAmericanGovernmentObligationsFundClassXMember_z5m0fvM8Gep6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">0.37%</span> </div> </td> </tr> </table> </div> 0.9945 0.0037 <p id="xdx_80F_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000247976Member_dD_zrlyrrjf3AXf" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -6pt 0 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Material Changes</p> <p id="xdx_84D_eoef--MaterialFundChngNameTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zzD4QURq77Vg" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Name Change</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 40.01px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund changed its name from TappAlpha SPY Growth &amp; Daily Income ETF to TappAlpha S&amp;P 500 Growth &amp; Daily Income ETF. The name change more accurately reflects the Fund’s investment focus on obtaining exposure to the S&amp;P 500® Index rather than through a single exchange-traded fund.</span> </p> <p id="xdx_849_eoef--MaterialFundChngObjectivesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_z8mAGVHquPk8" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Investment Objective</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 40.01px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund revised its secondary investment objective to seek exposure to the performance of the S&amp;P 500® Index, rather than the performance of the SPDR S&amp;P 500 ETF Trust (“SPY”). The Fund’s primary investment objective of seeking current income while maintaining prospects for capital appreciation did not change.</span> </p> <p id="xdx_84C_eoef--MaterialFundChngStrategiesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zXivWiRSHPjc" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to 80% Investment Policy</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 53.35px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund revised its 80% investment policy to provide that, under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, in financial instruments and economic interests that provide exposure to the S&amp;P 500® Index. The revised policy provides the Fund with broader flexibility to obtain exposure to the S&amp;P 500® Index through one or more ETFs, other financial instruments, or direct investments in securities comprising the Index.</span> </p> <p id="xdx_841_eoef--MaterialFundChngExpensesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zQI2H3umFEw1" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Annual Fund Operating Expenses</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 26.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 26, 2026, the Fund’s Acquired Fund Fees and Expenses decreased from 0.09% to 0.03%, resulting in a decrease in Total Annual Fund Operating Expenses from 0.77% to 0.71%.</span> </p> <p id="xdx_84D_eoef--MaterialFundChngNameTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zzD4QURq77Vg" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Fund Name Change</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 40.01px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund changed its name from TappAlpha SPY Growth &amp; Daily Income ETF to TappAlpha S&amp;P 500 Growth &amp; Daily Income ETF. The name change more accurately reflects the Fund’s investment focus on obtaining exposure to the S&amp;P 500® Index rather than through a single exchange-traded fund.</span> </p> <p id="xdx_849_eoef--MaterialFundChngObjectivesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_z8mAGVHquPk8" style="font: 700 10pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Investment Objective</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 40.01px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund revised its secondary investment objective to seek exposure to the performance of the S&amp;P 500® Index, rather than the performance of the SPDR S&amp;P 500 ETF Trust (“SPY”). The Fund’s primary investment objective of seeking current income while maintaining prospects for capital appreciation did not change.</span> </p> <p id="xdx_84C_eoef--MaterialFundChngStrategiesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zXivWiRSHPjc" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to 80% Investment Policy</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 53.35px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 1, 2026, the Fund revised its 80% investment policy to provide that, under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, in financial instruments and economic interests that provide exposure to the S&amp;P 500® Index. The revised policy provides the Fund with broader flexibility to obtain exposure to the S&amp;P 500® Index through one or more ETFs, other financial instruments, or direct investments in securities comprising the Index.</span> </p> <p id="xdx_841_eoef--MaterialFundChngExpensesTextBlock_hoef--ClassAxis__custom--C000247976Member_dU_zQI2H3umFEw1" style="font: 700 10pt/11pt Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 14.66px; align-content: center; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Change to Annual Fund Operating Expenses</p> <p style="font: 10pt/10pt Gotham Narrow-Light,Arial; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 26.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">Effective May 26, 2026, the Fund’s Acquired Fund Fees and Expenses decreased from 0.09% to 0.03%, resulting in a decrease in Total Annual Fund Operating Expenses from 0.77% to 0.71%.</span> </p> Costs are for the period of January 7, 2026 to June 30, 2026. Costs for a full semi-annual period would be higher. Annualized. Annualized. Costs are for the period of January 7, 2026 to June 30, 2026. Costs for a full semi-annual period would be higher. Annualized. Annualized.