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REX FANG & Innovation Equity Premium Income ETF logo

REX FANG & Innovation Equity Premium Income ETF (FEPI)

ETF overview

The REX FANG & Innovation Equity Premium Income ETF, or FEPI, utilizes a covered call strategy designed to achieve two main goals: generating income and providing exposure to potential growth within the technology sector. The fund accomplishes this by maintaining positions in the stocks comprising its benchmark, the Solactive FANG Innovation Index, and simultaneously selling call options on these shares that are slightly out-of-the-money. This approach leverages the significant volatility often found in major technology companies, thereby earning premium income from the options. However, it also means that some of the potential upside from stock appreciation is capped. An additional benefit is a modest safeguard against drops in stock prices. It's important to recognize, though, that this protective buffer is confined to the option premiums received and may not completely negate substantial declines in the underlying securities. The fund's benchmark is an equally weighted index made up of fifteen U.S. technology firms. Eight of these are considered foundational holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The other seven companies are chosen quarterly from a diverse range of Factset technology-related industries, based on their trading volumes.

CountryUnited States of America
ExchangeNASDAQ
Trades inUSD
Current price
41.52 USD+0.22%
Close 21 Oct 2026
Interval
Benchmarks

Fund facts

Expense ratio
0.65%
Fund assets
723.99M USD (all share classes)
Issuer
Rexshares
Inception date
Oct 11, 2023
Number of holdings
49

Breakdown

Holdings (49)

NameTickerWeight
NETFLIX INCNFLX6.94%
APPLE INCAAPL6.76%
MICRON TECHNOLOGY INCMU6.70%
MICROSOFT CORPMSFT6.68%
ALPHABET INC-CL AGOOGL6.67%
AMAZON.COM INCAMZN6.65%
Tesla Inc.TSLA6.56%
SANDISK CORP/DE SNDKVSNDK6.53%
Broadcom Inc.AVGO6.53%
META PLATFORMS INCMETA6.53%
and 36 more

Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

REX FANG & Innovation Equity Premium Income ETF (FEPI)

FEPI · NASDAQ
41.52 USD+0.22%
Sign up to track this ETF
Benchmarks
Fund facts
Expense ratio
0.65%
Fund assets
723.99M USD (all share classes)
Issuer
Rexshares
Inception date
Oct 11, 2023
Number of holdings
49
Breakdown
Holdings (49)
NameTickerWeight
NETFLIX INCNFLX6.94%
APPLE INCAAPL6.76%
MICRON TECHNOLOGY INCMU6.70%
MICROSOFT CORPMSFT6.68%
ALPHABET INC-CL AGOOGL6.67%
AMAZON.COM INCAMZN6.65%
Tesla Inc.TSLA6.56%
SANDISK CORP/DE SNDKVSNDK6.53%
Broadcom Inc.AVGO6.53%
META PLATFORMS INCMETA6.53%
and 36 more
ETF overview

The REX FANG & Innovation Equity Premium Income ETF, or FEPI, utilizes a covered call strategy designed to achieve two main goals: generating income and providing exposure to potential growth within the technology sector. The fund accomplishes this by maintaining positions in the stocks comprising its benchmark, the Solactive FANG Innovation Index, and simultaneously selling call options on these shares that are slightly out-of-the-money. This approach leverages the significant volatility often found in major technology companies, thereby earning premium income from the options. However, it also means that some of the potential upside from stock appreciation is capped. An additional benefit is a modest safeguard against drops in stock prices. It's important to recognize, though, that this protective buffer is confined to the option premiums received and may not completely negate substantial declines in the underlying securities. The fund's benchmark is an equally weighted index made up of fifteen U.S. technology firms. Eight of these are considered foundational holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The other seven companies are chosen quarterly from a diverse range of Factset technology-related industries, based on their trading volumes.

CountryUnited States of America
Trades inUSD
Similar ETFs

Overlap is the share of assets the two funds hold in common.

Historical returns do not guarantee future returns. This is not investment advice.

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