EFAA vs TMGN: Grades, Fees and Holdings Compared

Invesco MSCI EAFE Income Advantage ETF

EFAAANYSE Arca

Tappalpha Cboe Magnificent 10 Growth & Daily Income ETF

TMGNCCboe

Overlap

0.0%by weight

Expense ratio

EFAA −0.49pt a year

EFAA0.39%TMGN0.88%

Avg volume · 30D

EFAA 1.7×the volume

EFAA93.6KTMGN55.3K

EFAA vs TMGN Performance

Jul 31, 2026 – Nov 2, 2026

−0.8%EFAA+7.5%TMGN

Expense ratio: EFAA 0.39%, better; TMGN 0.88%
Fund size: EFAA $673M; TMGN $42M
1Y total return: EFAA +12.1%; TMGN No data
Yield (12M): EFAA 8.47%; TMGN No data
Holdings: EFAA 679; TMGN 13
Avg volume (30D): EFAA 93.6K sh, better; TMGN 55.3K sh
NAV per share: EFAA $54.22; TMGN $24.05
52W range

ETF.net Grade

Pillar letters and Scores for EFAA, TMGN, with each pillar’s weight
Pillar	EFAA	TMGN
Cost30% weight	A96Higher	D38
Mission25% weight	Not scored	Not scored
Risk15% weight	B61Higher	C51
Tradability15% weight	B58Higher	C52
Holdings10% weight	A81Higher	C43
Durability5% weight	A79Higher	F16

Rank among Index Option Income funds

How we build Categories ›

Same Category. EFAA and TMGN are both graded against the same 25 Index Option Income funds, so their Grades compare head to head.

Index Option Income⁠

Category · 25 funds

See all 25 ›

EFAA ranks 2nd and TMGN 17th of 25 funds in the Index Option Income Category.

Rank 1ALQDWiShares Investment Grade Corporate Bond BuyWrite Strategy ETFScore 87
Rank 2AEFAAInvesco MSCI EAFE Income Advantage ETFScore 78
Rank 3AKNGFT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETFScore 73
Rank 16COVSOverlay Shares Small Cap Equity ETFScore 43
Rank 17CTMGNTappalpha Cboe Magnificent 10 Growth & Daily Income ETFScore 42
Rank 18DMAGYRoundhill Magnificent Seven Covered Call ETFScore 37

Our read on each fund

ETF.net Research

EFAAAInvesco MSCI EAFE Income Advantage ETF

TMGNCTappalpha Cboe Magnificent 10 Growth & Daily Income ETF

In short

EFAA An MSCI EAFE index core with an option-income overlay running on only about half the portfolio, so the rest keeps its upside uncapped. The fee is 0.39% net of a waiver through August 31, 2027, below the typical option-income fund.

TMGN No data

Stated mandate

EFAA The fund seeks total return through current income and long-term capital growth while providing MSCI EAFE exposure through an active option-income overlay intended to generate income and help mitigate downside risk.

TMGN No data

Why people hold it

EFAA Half-and-half by design: covered calls and cash-secured puts run on roughly 50% of the book; the rest tracks the index. Premiums fund the monthly distributions.invesco.com
0.39% net of a waiver through August 31, 2027 (0.42% gross), below the category median and under HOLA, the other fund on this MSCI EAFE index, at 0.68%.
Developed-market international is thin ground here: most option-income peers wrap US large caps or bonds. Roughly 700 holdings across Europe, Japan and the Pacific.
One of the stronger builds in its peer group, with index-based equity exposure rather than a stock-picked substitute.

TMGN No data

Worth knowing

EFAA Calls cap gains on the overlaid half when markets run; cash-secured puts collect premium that cushions declines but does not stop losses.invesco.com
Option premiums move with volatility, so monthly payouts vary rather than arrive at a fixed amount.
Launched in 2024, so the live record is short, and it trades in smaller size than the headline US covered-call names.

TMGN No data

Full EFAA profile⁠

Full TMGN profile⁠

EFAA vs TMGN Holdings

How EFAA and TMGN differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EFAA and 0.0% of TMGN.

Level by level

Holdings0 in both0.0%
Countryby domicile1.4%
Sector11 Sectors27.2%
Asset classEquity100%

Sector

Sector weights in EFAA and TMGN, widest gap first
Sector	More in EFAAMore in TMGN	EFAA	TMGN
Technology	TMGN +50.4 points	12.0%	62.4%
Financials	EFAA +26.0 points	26.0%	0.0%
Communication	TMGN +18.2 points	4.8%	23.0%
Industrials	EFAA +17.6 points	18.6%	1.0%
Health Care	EFAA +9.4 points	10.1%	0.7%
Materials	EFAA +5.6 points	5.8%	0.2%
Consumer Staples	EFAA +5.3 points	6.4%	1.1%
Consumer Discretionary	TMGN +4.3 points	7.2%	11.5%
Energy	EFAA +3.9 points	4.0%	0.1%
Utilities	EFAA +3.4 points	3.6%	0.2%
Real Estate	EFAA +1.5 points	1.5%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in EFAA and TMGN, widest gap first
Country	More in EFAAMore in TMGN	EFAA	TMGN
United States	TMGN +98.6 points	1.4%	100.0%
Japan	EFAA +24.2 points	24.2%	0.0%
United Kingdom	EFAA +14.1 points	14.1%	0.0%
Switzerland	EFAA +10.2 points	10.2%	0.0%
Germany	EFAA +8.8 points	8.8%	0.0%
France	EFAA +8.3 points	8.3%	0.0%
Australia	EFAA +6.7 points	6.7%	0.0%
Netherlands	EFAA +6.0 points	6.0%	0.0%
Other countries (17)	EFAA +20.3 points	20.3%	0.0%

Outside the US: EFAA 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

EFAA30.0%
TMGN99.7%

Securities held

EFAA674
TMGN12

Asset class

EFAA: Equity
TMGN: Equity

Holdings

Only in EFAA674
In both0
Only in TMGN12

Only in EFAA

674 securities, 99.6% of EFAA by weight

Invesco Premier US Government Money Portfolio19.73%
ASML Holding NV2.18%
Roche Holding AG1.23%
Shell PLC1.12%
Novartis AG1.05%
HSBC Holdings PLC1.05%
AstraZeneca PLC1.01%
Nestle SA0.94%
Sap SE0.85%
Mitsubishi UFJ Financial Group Inc0.82%
Siemens AG0.76%
BHP Group Ltd0.72%
Commonwealth Bank of Australia0.70%
Allianz SE0.66%
TotalEnergies SE0.66%
Toyota Motor Corp0.66%
Recruit Holdings Co Ltd0.58%
Banco Santander SA0.57%
Advantest Corp0.56%
Iberdrola SA0.55%
UBS Group AG0.53%
Sony Group Corp0.53%
Sumitomo Mitsui Financial Group Inc0.52%
Schneider Electric SE0.52%
Hitachi Ltd0.51%
Unilever PLC0.50%
Rolls-Royce Holdings PLC0.49%
Tokyo Electron Ltd0.49%
ABB Ltd0.47%
Bp PLC0.47%
Banco Bilbao Vizcaya Argentaria SA0.47%
Novo Nordisk A/S0.46%
Airbus SE0.45%
Air Liquide SA0.45%
British American Tobacco PLC0.44%
DBS Group Holdings Ltd0.42%
L'Oreal SA0.42%
Mizuho Financial Group Inc0.40%
Zurich Insurance Group AG0.40%
UniCredit SpA0.39%
Siemens Energy AG0.39%
Cie Financiere Richemont SA0.39%
LVMH Moet Hennessy Louis Vuitton SE0.38%
Safran SA0.38%
SoftBank Group Corp0.37%
Gsk PLC0.36%
AIA Group Ltd0.36%
Deutsche Telekom AG0.35%
Tokio Marine Holdings Inc0.35%
Sanofi SA0.35%

Only in TMGN

12 securities, 99.8% of TMGN by weight

Tesla Inc11.77%
Apple Inc11.14%
Microsoft Corp10.49%
Amazon.com Inc10.48%
Broadcom Inc9.93%
NVIDIA Corp9.81%
Palantir Technologies Inc9.56%
Meta Platforms Inc9.22%
Alphabet Inc8.84%
Advanced Micro Devices Inc8.48%
First American Government Obligations Fund 12/01/20310.03%
Mgtnw Us 11/02/26 C5280.02%

Weight gaps

EFAA and TMGN share no securities.

All 674 EFAA holdings⁠All 14 TMGN holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EFAA vs TMGN Cost

Overpaying TMGN vs EFAA

$8,807

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EFAA 0.39%
$7,898
TMGN 0.88%
$16,705

Amount$10,000

Years30 years

Cost over time

EFAA 0.39%
TMGN 0.88%
Overpaying

Year by year

Year	EFAA	TMGN	Overpaying
10	$705	$1,559	$854
20	$2,725	$5,891	$3,166
30	$7,898	$16,705	$8,807

Expense ratio

0.39%EFAA, cheaper
0.88%TMGN

EFAA0.39%TMGN0.88%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

EFAA 2nd cheapest of 25 funds

TMGN 16th cheapest of 25 funds

EFAA vs TMGN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EFAA 8.47%; TMGN No data
Payout (12M): EFAA $4.62; TMGN No data
Last payment: EFAA $0.38; TMGN $0.44
Ex-dividend: EFAA Oct 19, 2026; TMGN Oct 27, 2026
Paid on: EFAA Oct 23, 2026; TMGN Oct 28, 2026
Frequency: EFAA Monthly; TMGN Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

EFAAMonthly · 26 paymentsAll EFAA payments⁠

TMGNMonthly · 3 paymentsAll TMGN payments⁠

EFAA vs TMGN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EFAA 8.4%since Aug 2024TMGN No data
Return per unit of riskSharpe ratio, 3 years: EFAA 1.02since Aug 2024TMGN No data
Worst fallMax drawdown, 5 years: EFAA −12.0%since Jul 2024TMGN No data
Market sensitivityBeta, 5 years: EFAA 0.36TMGN 0.00; Market = 1

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