FEPI
REX FANG & Innovation
Equity Premium Income ETF
Equity Premium Income ETF
Distribution Rate*:25.05%
As of 02/23/2024
30-Day SEC Yield**: -0.33%
As of 02/29/2024
FEPI Objective:
OWN BIG TECH
+
WRITE COVERED CALLS
=
HIGH INCOME POTENTIAL
REX FANG & Innovation Equity Premium Income ETF’s (the “Fund”) investment objectives are capital appreciation and current income.
FEPI Materials:
Fact Sheet
Fact Sheet
Discount / Premium Chart
19a-1 Notice
Ticker
FEPI
CUSIP
26923N744
Asset Class
U.S. Equity
Fund Inception
10/11/2023
Exchange
NASDAQ
Sector
Technology
As of 03/18/2024
NAV
$55.59
NAV Change ($)
0.76
NAV Change (%)
1.38
Closing Price
$55.65
Medium Bid/Ask Spread
0.14%
Discount/Premium
0.105200%
Fund Assets
$133,560,000.00
Shares Outstanding
2,400,000
Number of Holdings
71
Expense Ratio
0.65%
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
x
Closing Price
$55.65
Net Asset Value
$55.59
Premium/Discount
0.11%
As Of
03/18/2024
FEPI
Days Traded at Premium
Days Traded at Discount
2023
Calendar Year
57
7
2024
Q1
49
4
*The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. The REX FANG & Innovation Equity Premium Income ETF has a gross expense ratio of 0.65%. Distributions are not guaranteed.
**The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.
FEPI Holdings:
The FANG & Innovation Index is equally weighted and includes 15 highly liquid stocks focused on building tomorrow’s technology today. The index rebalances monthly and reconstitutes quarterly
Top 15 Tech Stocks Equally Weighted
As of 03-18-2024
Symbol
Name
Security Identifier
Weighting
Net Value
GOOGL
ALPHABET INC-CL A
02079K305
7.17%
$9,568,482.56
NFLX
NETFLIX INC
64110L106
6.80%
$9,068,689.35
PANW
PALO ALTO NETWORKS INC
697435105
6.79%
$9,064,641.96
MSFT
MICROSOFT CORP
594918104
6.79%
$9,055,426.68
AAPL
APPLE INC
037833100
6.75%
$9,001,996.68
META
META PLATFORMS INC
30303M102
6.74%
$8,999,313.84
AMZN
AMAZON.COM INC
023135106
6.70%
$8,940,704.16
NVDA
NVIDIA CORP
67066G104
6.62%
$8,833,116.30
CRM
SALESFORCE.COM INC
79466L302
6.61%
$8,818,465.95
AVGO
Broadcom Inc.
11135F101
6.58%
$8,774,506.08
Fund holdings are subject to change.
*The Fund actively manages holdings based on the 15 equally-weighted, highly liquid big tech stocks in the FANG & Innovation Index, which is rebalanced monthly and reconstituted quarterly. Proceeds from call option sales on these stocks are invested in money market instruments to generate current monthly income.
FEPI Performance:
As of 12/31/2023
Fund Ticker
1 Month
3 Month
6 Month
YTD
1 Year
Since Inception
FEPI MKT
5.13%
-
-
-
-
12.50%
FEPI NAV
4.87%
-
-
-
-
12.17%
S&P 500 Index
4.53%
-
-
-
-
9.36%