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.
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)
| Name | Ticker | Weight |
|---|---|---|
| NETFLIX INC | NFLX | 6.94% |
| APPLE INC | AAPL | 6.76% |
| MICRON TECHNOLOGY INC | MU | 6.70% |
| MICROSOFT CORP | MSFT | 6.68% |
| ALPHABET INC-CL A | GOOGL | 6.67% |
| AMAZON.COM INC | AMZN | 6.65% |
| Tesla Inc. | TSLA | 6.56% |
| SANDISK CORP/DE SNDKV | SNDK | 6.53% |
| Broadcom Inc. | AVGO | 6.53% |
| META PLATFORMS INC | META | 6.53% |
| and 36 more | ||
Similar ETFs
- Hamilton Technology Yield Maximizer ETFQMAX.TO · Expense ratio 0.65%
- REX Tech Innovation Premium Income UCITS ETF USDFEPI.L · Overlap 72% · Expense ratio 0.65%
- Innovator Nasdaq-100 Managed Floor ETFQFLR · Overlap 56% · Expense ratio 0.89%
- Global X - Nasdaq 100 Covered Call ETFQYLD · Overlap 55% · Expense ratio 0.60%
- JPMorgan Nasdaq Equity Premium Yield ETFROCQ · Overlap 55% · Expense ratio 0.35%
- YieldMax AI & Tech Portfolio Option Income ETFGPTY · Overlap 54% · Expense ratio 1.06%
- Global X Nasdaq 100 Covered Call & Growth ETFQYLG · Overlap 54% · Expense ratio 0.35%
- NEOS Boosted Nasdaq-100 High Income ETFXQQI · Overlap 54% · Expense ratio 0.98%
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)
- Expense ratio
- 0.65%
- Fund assets
- 723.99M USD (all share classes)
- Issuer
- Rexshares
- Inception date
- Oct 11, 2023
- Number of holdings
- 49
| Name | Ticker | Weight |
|---|---|---|
| NETFLIX INC | NFLX | 6.94% |
| APPLE INC | AAPL | 6.76% |
| MICRON TECHNOLOGY INC | MU | 6.70% |
| MICROSOFT CORP | MSFT | 6.68% |
| ALPHABET INC-CL A | GOOGL | 6.67% |
| AMAZON.COM INC | AMZN | 6.65% |
| Tesla Inc. | TSLA | 6.56% |
| SANDISK CORP/DE SNDKV | SNDK | 6.53% |
| Broadcom Inc. | AVGO | 6.53% |
| META PLATFORMS INC | META | 6.53% |
| and 36 more | ||
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.
- Hamilton Technology Yield Maximizer ETFQMAX.TO · Expense ratio 0.65%
- REX Tech Innovation Premium Income UCITS ETF USDFEPI.L · Overlap 72% · Expense ratio 0.65%
- Innovator Nasdaq-100 Managed Floor ETFQFLR · Overlap 56% · Expense ratio 0.89%
- Global X - Nasdaq 100 Covered Call ETFQYLD · Overlap 55% · Expense ratio 0.60%
- JPMorgan Nasdaq Equity Premium Yield ETFROCQ · Overlap 55% · Expense ratio 0.35%
- YieldMax AI & Tech Portfolio Option Income ETFGPTY · Overlap 54% · Expense ratio 1.06%
- Global X Nasdaq 100 Covered Call & Growth ETFQYLG · Overlap 54% · Expense ratio 0.35%
- NEOS Boosted Nasdaq-100 High Income ETFXQQI · Overlap 54% · Expense ratio 0.98%
Overlap is the share of assets the two funds hold in common.
Unlock all ETF data
Sign up for FreeUnlock all ETF data
Sign up for Free