REX FANG & Innovation Equity Premium Income ETF (FEPI)
| Assets | $489.93M |
| Expense Ratio | 0.65% |
| PE Ratio | 42.06 |
| Shares Out | 10.50M |
| Dividend (ttm) | $12.08 |
| Dividend Yield | 26.89% |
| Ex-Dividend Date | Jul 23, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 1,071.06% |
| Volume | 169,474 |
| Open | 45.26 |
| Previous Close | 45.60 |
| Day's Range | 44.77 - 45.26 |
| 52-Week Low | 35.44 |
| 52-Week High | 53.20 |
| Beta | n/a |
| Holdings | 53 |
| 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
69.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Advanced Micro Devices, Inc. | AMD | 7.65% |
| Broadcom Inc. | AVGO | 7.17% |
| Alphabet Inc. | GOOGL | 7.13% |
| Palantir Technologies Inc. | PLTR | 7.09% |
| NVIDIA Corporation | NVDA | 7.00% |
| Salesforce, Inc. | CRM | 6.82% |
| Tesla, Inc. | TSLA | 6.78% |
| Amazon.com, Inc. | AMZN | 6.77% |
| Microsoft Corporation | MSFT | 6.74% |
| Apple Inc. | AAPL | 6.60% |
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 11.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.27%.
News
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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...
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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
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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
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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?
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How I Plan To Invest $700,000 To Pay Bills With Dividends Forever
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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
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FEPI: The New Cornerstone Of Income ETFs
Cornerstone funds CLM and CRF offer monthly high-yield distributions with potential for capital appreciation from top S&P 500 stocks. Rex FANG & Innovation Equity Premium Income ETF offers even higher...
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