LQDW vs TMGN: Grades, Fees and Holdings Compared

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

LQDWACboe

Tappalpha Cboe Magnificent 10 Growth & Daily Income ETF

TMGNCCboe

Overlap

0.0%by weight

Expense ratio

LQDW −0.54pt a year

LQDW0.34%TMGN0.88%

Avg volume · 30D

LQDW 1.9×the volume

LQDW107KTMGN55.3K

LQDW vs TMGN Performance

Jul 31, 2026 – Nov 2, 2026

+0.6%LQDW+7.5%TMGN

Expense ratio: LQDW 0.34%, better; TMGN 0.88%
Fund size: LQDW $353M; TMGN $42M
1Y total return: LQDW +1.8%; TMGN No data
Yield (12M): LQDW 12.41%; TMGN No data
Holdings: LQDW 3192; TMGN 13
Avg volume (30D): LQDW 107K sh, better; TMGN 55.3K sh
NAV per share: LQDW $22.87; TMGN $24.05
52W range

ETF.net Grade

Pillar letters and Scores for LQDW, TMGN, with each pillar’s weight
Pillar	LQDW	TMGN
Cost30% weight	A100Higher	D38
Mission25% weight	A94	Not scored
Risk15% weight	B66Higher	C51
Tradability15% weight	A78Higher	C52
Holdings10% weight	A100Higher	C43
Durability5% weight	A82Higher	F16

Rank among Index Option Income funds

How we build Categories ›

Same Category. LQDW 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 ›

LQDW ranks 1st 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 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

LQDWAiShares Investment Grade Corporate Bond BuyWrite Strategy ETF

TMGNCTappalpha Cboe Magnificent 10 Growth & Daily Income ETF

In short

LQDW Covered calls, but on bonds. LQDW owns iShares' flagship investment-grade corporate bond fund and writes monthly calls against it, paying distributions monthly, at less than half the option-income cohort's median fee.

TMGN No data

Stated mandate

LQDW The fund seeks to track a strategy holding LQD while writing monthly covered calls to generate income.

TMGN No data

Why people hold it

LQDW At 0.34%, it undercuts the typical option-income fund by well over half (cohort median 0.75%), so less of the premium collected leaks out as fees.
One ticker buys the whole trade: shares of LQD plus a rules-based monthly call overlay. No options approval, no roll dates to babysit.ishares.com
A thin niche. Most option-income funds write calls on stock baskets; this one sits on investment-grade corporate credit instead.
Distributions land monthly, and since its 2022 launch the fund has stuck closely to its stated strategy, among the tighter implementations in its peer group.

TMGN No data

Worth knowing

LQDW Written calls cap the upside. If corporate bonds rally hard, the premium collected is the consolation for price gains handed to the call buyer.
Premium cushions, it does not shield. Widening credit spreads or rising rates still hit the underlying bond portfolio.
Mid-sized and moderately traded rather than a giant, so spreads can run wider than in the biggest option-income names, especially in fast markets.

TMGN No data

Full LQDW profile⁠

Full TMGN profile⁠

LQDW vs TMGN Holdings

How LQDW and TMGN differ

Overlap by weight

0.0%

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

Level by level

Asset classFixed Income, Equity0.0%
Holdings0 in both0.0%
Sector24 Sectors9.6%
Countryby domicile100%

Sector

Sector weights in LQDW and TMGN, widest gap first
Sector	More in LQDWMore in TMGN	LQDW	TMGN
Technology	TMGN +62.4 points	0.0%	62.4%
Banking	LQDW +26.6 points	26.6%	0.0%
Communication	TMGN +23.0 points	0.0%	23.0%
Health Care	LQDW +13.1 points	13.8%	0.7%
Communications	LQDW +12.5 points	12.5%	0.0%
Energy	LQDW +9.1 points	9.2%	0.1%
Consumer Non-Cyclical	LQDW +6.1 points	6.1%	0.0%
Capital Goods	LQDW +5.5 points	5.5%	0.0%
Electric	LQDW +5.1 points	5.1%	0.0%
Insurance	LQDW +5.1 points	5.1%	0.0%
Consumer Discretionary	TMGN +2.7 points	8.8%	11.5%
Basic Industry	LQDW +1.9 points	1.9%	0.0%
Transportation	LQDW +1.6 points	1.6%	0.0%
Brokerage/Asset Managers/Exchanges	LQDW +1.3 points	1.3%	0.0%
Consumer Staples	TMGN +1.1 points	0.0%	1.1%
Reits	LQDW +1.0 points	1.0%	0.0%
Industrials	TMGN +1.0 points	0.0%	1.0%
Finance Companies	LQDW +0.9 points	0.9%	0.0%
Natural Gas	LQDW +0.3 points	0.3%	0.0%
Utilities	TMGN +0.2 points	0.0%	0.2%
Materials	TMGN +0.2 points	0.0%	0.2%
Treasuries	LQDW +0.2 points	0.2%	0.0%
Owned No Guarantee	LQDW +0.1 points	0.1%	0.0%
Financials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in LQDW and TMGN, widest gap first
Country	More in LQDWMore in TMGN	LQDW	TMGN
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

LQDW2.2%
TMGN99.7%

Securities held

LQDW3,189
TMGN12

Asset class

LQDW: Fixed Income
TMGN: Equity

Holdings

Only in LQDW3,189
In both0
Only in TMGN12

Only in LQDW

3,189 securities, 99.9% of LQDW by weight

Anheuser-Busch Companies Llc 4.90% 02/01/20460.19%
Space Exploration Technologies Cor 144A 5.35% 07/15/20310.18%
Cvs Health Corp 5.05% 03/25/20480.17%
Paramount Skydance Corp 144A 7.05% 10/15/20310.16%
Amazon.com Inc 4.88% 03/13/20360.15%
T-Mobile Usa Inc 3.88% 04/15/20300.15%
Citigroup Inc 5.86% 09/24/20370.14%
Goldman Sachs Group Inc/The 6.75% 10/01/20370.14%
Meta Platforms Inc 4.88% 11/15/20350.14%
Meta Platforms Inc 5.63% 11/15/20550.13%
Paramount Skydance Corp 144A 7.55% 10/15/20330.13%
Space Exploration Technologies Cor 144A 5.65% 07/15/20330.13%
Boeing Co 5.80% 05/01/20500.13%
Meta Platforms Inc 5.25% 05/15/20360.13%
Pfizer Investment Enterprises Pte 5.30% 05/19/20530.13%
Oracle Corporation 5.70% 02/04/20360.13%
Meta Platforms Inc 6.30% 05/15/20560.13%
Bank of America Corp Mtn 5.47% 01/23/20350.12%
Citigroup Inc 5.58% 09/24/20320.12%
Space Exploration Technologies Cor 144A 5.88% 07/15/20360.12%
Paramount Skydance Corp 144A 7.90% 10/15/20360.12%
AbbVie Inc 4.25% 11/21/20490.12%
Amgen Inc 5.25% 03/02/20330.12%
Alphabet Inc 6.38% 08/15/20560.12%
Anheuser-Busch Companies Llc 4.70% 02/01/20360.11%
Wells Fargo & Company Mtn 5.01% 04/04/20510.11%
Amazon.com Inc 5.80% 03/13/20560.11%
Bank of America Corp Mtn 5.29% 04/25/20340.11%
Boeing Co 5.15% 05/01/20300.11%
Paramount Skydance Corp 144A 8.75% 10/15/20560.11%
Wells Fargo & Company Mtn 5.56% 07/25/20340.11%
Bank of America Corp Mtn 5.01% 07/22/20330.11%
AT&T Inc 3.50% 09/15/20530.11%
Pfizer Investment Enterprises Pte 4.75% 05/19/20330.11%
Goldman Sachs Group Inc/The 5.07% 01/21/20370.11%
Amazon.com Inc 5.30% 07/09/20360.11%
Salesforce Inc 5.55% 03/15/20360.11%
AbbVie Inc 3.20% 11/21/20290.11%
Wells Fargo & Company Mtn 5.83% 09/24/20370.11%
Amazon.com Inc 4.80% 07/09/20310.11%
AT&T Inc 3.55% 09/15/20550.11%
Oracle Corporation 6.70% 02/04/20560.11%
Alphabet Inc 5.45% 08/15/20360.11%
Amgen Inc 5.65% 03/02/20530.10%
JPMorgan Chase & Co 5.35% 06/01/20340.10%
Wells Fargo & Company 6.49% 10/23/20340.10%
Goldman Sachs Group Inc/The 4.94% 10/21/20360.10%
Cvs Health Corp 4.78% 03/25/20380.10%
Amazon.com Inc 4.25% 03/13/20310.10%
JPMorgan Chase & Co 4.91% 07/25/20330.10%

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

LQDW and TMGN share no securities.

All LQDW 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.

LQDW vs TMGN Cost

Overpaying TMGN vs LQDW

$9,773

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

LQDW 0.34%
$6,932
TMGN 0.88%
$16,705

Amount$10,000

Years30 years

Cost over time

LQDW 0.34%
TMGN 0.88%
Overpaying

Year by year

Year	LQDW	TMGN	Overpaying
10	$616	$1,559	$943
20	$2,386	$5,891	$3,505
30	$6,932	$16,705	$9,773

Expense ratio

0.34%LQDW, cheaper
0.88%TMGN

LQDW0.34%TMGN0.88%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

LQDW cheapest of 25 funds

TMGN 16th cheapest of 25 funds

LQDW vs TMGN Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LQDW 12.41%; TMGN No data
Payout (12M): LQDW $2.83; TMGN No data
Last payment: LQDW $0.38; TMGN $0.44
Ex-dividend: LQDW Oct 2, 2026; TMGN Oct 27, 2026
Paid on: LQDW Oct 7, 2026; TMGN Oct 28, 2026
Frequency: LQDW Monthly; TMGN Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LQDWMonthly · 45 paymentsAll LQDW payments⁠

TMGNMonthly · 3 paymentsAll TMGN payments⁠

LQDW vs TMGN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LQDW 4.2%TMGN No data
Return per unit of riskSharpe ratio, 3 years: LQDW 0.16TMGN No data
Worst fallMax drawdown, 5 years: LQDW −9.2%since Aug 2022TMGN No data
Market sensitivityBeta, 5 years: LQDW 0.59TMGN 0.00; Market = 1

LQDW and TMGN in the news

All news⁠

Income Watch
BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital
Oct 11, 2026LQDW

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LQDW vs TMGN

In short

Stated mandate

Why people hold it

Worth knowing

How LQDW and TMGN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in TMGN

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital

How LQDW and TMGN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in TMGN

Weight gaps