Key stats
About REX FANG & Innovation Equity Premium Income ETF
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Inception date
Oct 11, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
REX Advisers LLC
Distributor
Foreside Fund Services LLC
FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Cash
Stocks77.26%
Technology Services36.20%
Electronic Technology30.56%
Consumer Durables6.37%
Retail Trade4.13%
Bonds, Cash & Other22.74%
Cash20.64%
Government2.09%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FEPI invests in stocks. The fund's major sectors are Technology Services, with 36.20% stocks, and Electronic Technology, with 30.56% of the basket. The assets are mostly located in the North America region.
FEPI last dividends amounted to 0.97 USD. The month before, the issuer paid 0.96 USD in dividends, which shows a 0.87% increase.
FEPI assets under management is 491.47 M USD. It's risen 2.94% over the last month.
FEPI fund flows account for 168.65 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FEPI pays dividends to its holders with the dividend yield of 26.50%. The last dividend (Jul 24, 2025) amounted to 0.97 USD. The dividends are paid monthly.
FEPI shares are issued by Rex Financial LLC under the brand REX Shares. The ETF was launched on Oct 11, 2023, and its management style is Active.
FEPI expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
FEPI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FEPI invests in stocks.
FEPI price has fallen by −0.53% over the last month, and its yearly performance shows a −13.66% decrease. See more dynamics on FEPI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 12.67% increase in three-month performance and has increased by 11.76% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 12.67% increase in three-month performance and has increased by 11.76% in a year.
FEPI trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.