REX FANG & Innovation Equity Premium Income ETF (FEPI)
| Assets | $495.67M |
| Expense Ratio | 0.65% |
| PE Ratio | 44.56 |
| Shares Out | 10.80M |
| Dividend (ttm) | $12.08 |
| Dividend Yield | 26.05% |
| Ex-Dividend Date | Jul 23, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 1,160.86% |
| Volume | 110,895 |
| Open | 45.60 |
| Previous Close | 45.49 |
| Day's Range | 45.45 - 46.55 |
| 52-Week Low | 35.44 |
| 52-Week High | 53.20 |
| Beta | n/a |
| Holdings | 46 |
| Inception Date | Oct 9, 2023 |
About FEPI
Fund Home PageThe REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them. FEPI was launched on Oct 9, 2023 and is issued by REX Shares.
Top 10 Holdings
68.39% of assets| Name | Symbol | Weight |
|---|---|---|
| Intel Corporation | INTC | 7.55% |
| Salesforce, Inc. | CRM | 7.34% |
| Amazon.com, Inc. | AMZN | 6.90% |
| Netflix, Inc. | NFLX | 6.80% |
| Alphabet Inc. | GOOGL | 6.78% |
| Apple Inc. | AAPL | 6.75% |
| NVIDIA Corporation | NVDA | 6.63% |
| Microsoft Corporation | MSFT | 6.59% |
| Tesla, Inc. | TSLA | 6.55% |
| Advanced Micro Devices, Inc. | AMD | 6.51% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 23, 2025 | $0.97062 | Jul 24, 2025 |
| Jun 25, 2025 | $0.96222 | Jun 26, 2025 |
| May 28, 2025 | $0.9261 | May 29, 2025 |
| Apr 23, 2025 | $0.82375 | Apr 24, 2025 |
| Mar 26, 2025 | $0.94366 | Mar 27, 2025 |
| Feb 26, 2025 | $0.98059 | Feb 27, 2025 |
Performance
FEPI had a total return of 14.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.68%.
News
25%+ Monthly Yielding Picks: One To Buy, One To Avoid
Usually, everything that offers a double digit dividend yield carries an elevated risk of being a value trap. If we speak about 25%+ yield zone, then I would say that '99%' of cases are just that - i....
FEPI: Just Don't Look At 'What Ifs'
REX FANG & Innovation Equity Premium Income ETF offers a high 25% yield by writing covered calls on 15 mega-cap tech stocks, appealing to income-focused investors. The fund's strategy sacrifices signi...
31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds
June U.S. exchange-traded monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (80); 2. Stocks-by-price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & No...
Get Paid Weekly From A Variety Of Options Income ETFs
Weekly income ETFs are booming, with new funds leveraging 0DTE options strategies to generate high-yield, frequent distributions for passive income seekers. Roundhill, YieldMax, Rex Shares, and Granit...
FEPI: A Concentrated Tech Income Play With Structural Weaknesses
FEPI offers high yield (25-35%) via call writing on a concentrated tech portfolio, but this aggressive payout erodes NAV over time. Stock selection methodology is interesting, blending FANG/Mag 7 with...
FEPI: Gigantic Tech Yield, But Don't Ignore The Downside Risk
FEPI's 28% yield is eye-catching, but its aggressive covered call strategy leads to significant price erosion and downside risk over time. The ETF's heavy exposure to slow-growing, overvalued tech gia...
Compound Your Wealth With The Dividend Wheel Strategy
I use high-yield option ETFs to generate frequent, substantial income, which I manually reinvest into undervalued growth stocks for compounding returns. My Dividend Wheel strategy allows for flexible ...
FEPI Vs. QDTE: Both Funds Offer A Unique Value Proposition
Both FEPI and QDTE are strong option-based ETFs for income, but QDTE's higher yield and total return make it more compelling currently. FEPI offers more stability and consistent monthly payouts by hol...
FEPI: Dissecting The 'Mag 15' Income Strategy
The REX FANG & Innovation Equity Premium Income ETF (FEPI) was previously flagged as risky and potentially underperforming against diversified tech indices during market downturns. After April's marke...
30 April Ideal "Safer" Monthly Paying Dividend Stocks And 80 Funds
Investing $1,000 in top-yielding MoPay stocks can yield significant returns, with estimated gains of 21.06% to 40.99% by April 2026. MoPay stocks are affordable but come with higher volatility and ris...
FEPI: There Is No Magic Investment With High Total Returns And High Distribution Yields
FEPI ETF offers a high distribution yield of 25–30%, but this yield is misleading due to the inherent risks of its covered-call strategy. The fund's strategy involves owning top tech stocks and writin...
FEPI: This ~30% Yield Is Less Risky Than You Might Think
My January bullish thesis on the REX FANG & Innovation Equity Premium Income ETF was based on a sideways Nasdaq 100 market, which didn't materialize. Yet, what was surprising to see is the FEPI's unde...
FEPI: Mag7 Exposure With A 30% Yield
REX FANG & Innovation Equity Premium Income ETF offers a 30% dividend yield by employing a covered call strategy on major tech stocks. FEPI's portfolio includes significant holdings in Mag 7 stocks li...
High Yields Will Never Be The Same - Here's Why
High-yield investments like BDCs, MLPs, CEFs, and REITs offer substantial dividend yields, often overlooked by retail investors due to a lack of awareness. Option ETFs generate high income by writing ...
FEPI: A Simple Yet Effective Covered-Call Fund For The Current Market Conditions
REX FANG & Innovation Equity Premium Income ETF's simple options strategy and tax advantages make it a compelling buy, offering 15.81% returns over the past 10 months. The ETF focuses on large-cap tec...
FEPI Vs. SPYI: Does Twice The Dividend Yield Justify The Higher Risk?
FEPI and SPYI are both solid option income ETFs, with FEPI offering higher yields but greater risk due to its tech concentration. SPYI provides better capital preservation and a more diversified portf...
How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
A portfolio of $700,000 is large enough to produce an annual dividend income that matches the national average individual income of $64,000. I prioritize high-yield investments like BDCs, REITs, MLPs,...
FEPI: Ignoring This Fund And Its 25% Yield Was A Mistake
FEPI offers a unique strategy by holding 15 tech stocks and selling options against them, providing high income but capping upside and increasing concentration risk. Despite trailing competitors, FEPI...
FEPI Could Struggle To Recover After A Tech Stocks Correction
In a bull market, FEPI's high dividend yields, combined with limited capital appreciation, make it especially appealing to income investors. It holds a high concentration of FAANG stocks, which are hi...
FEPI: Diversification Exists For A Reason
I rate the REX FANG & Innovation Equity Premium Income ETF a Hold. The strategy has its perks, but has portfolio flaws for the average long-term income investor. FEPI's strategy of writing covered cal...
FEPI: An Efficient Way To Utilize A Covered Call Fund
I recommend the REX FANG & Innovation Premium Income ETF for its high dividend yield and capital preservation, making it ideal for income generation. FEPI's strategy involves owning underlying tech as...
Comparing 3 New And 1 Older Covered Call ETFs Offering High-Yield Income From Tech Stocks
Covered Call ETFs like QYLD, FEPI, QQQI, and QDTE offer high yields by selling call options on Nasdaq 100 stocks, appealing to income-focused investors. FEPI, launched in October 2023, owns shares of ...
FEPI: Income Not Worth The Risk Of Capital Loss
The FEPI ETF generates high monthly income by selling covered calls on FANG stocks, achieving 25% annualized income over the past 11 months since its inception. The underlying stocks' high valuations ...
FEPI Provides Investors With High Income But Growth Is Capped
FEPI invests in the top 15 large-cap tech stocks and sells covered calls to generate income, capping growth and exposing investors to downside risk. REX FANG & Innovation Equity Premium Income ETF off...
FEPI: Not So 'Premium' Portfolio, Better ETFs Available
ETFs selling covered calls with a growth portfolio is an interesting income approach during a bull market. Investors may look at a short-term bottom and recovery for good opportunities to buy growth (...