Nicholas Defense and Rare Earth Income ETF (WEPN)

Assets	n/a
Expense Ratio	1.11%
PE Ratio	n/a
Shares Out	100,000
Dividend (ttm)	$0.74
Dividend Yield	1.61%
Ex-Dividend Date	Apr 14, 2026
Payout Frequency	Weekly
Payout Ratio	n/a

Volume	7,855
Open	46.25
Previous Close	46.16
Day's Range	46.08 - 46.99
52-Week Low	41.21
52-Week High	50.28
Beta	n/a
Holdings	94
Inception Date	Mar 3, 2026

About WEPN

Fund Home Page

The Nicholas Defense and Rare Earth Income ETF (WEPN) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a portfolio composed of defense and rare earth industry companies, strategic metals and minerals commodities, and options overlay. The funds selection process is based on valuation, implied volatility, company fundamentals, and macroeconomic factors, including real interest rates and inflation. WEPN was launched on Mar 3, 2026 and is issued by Nicholas.

• Asset Class: Asset Allocation
• Stock Exchange: NYSEARCA
• Ticker Symbol: WEPN
• ETF Provider: Nicholas

Top 10 Holdings

44.54% of assets

Name	Symbol	Weight
Invesco DB Base Metals Fund	DBB	6.64%
BWX Technologies, Inc.	BWXT	4.65%
Palo Alto Networks, Inc.	PANW	4.53%
CrowdStrike Holdings, Inc.	CRWD	4.39%
VanEck Steel ETF	SLX	4.22%
AeroVironment, Inc.	AVAV	4.12%
RTX Corporation	RTX	4.05%
L3Harris Technologies, Inc.	LHX	4.01%
Palantir Technologies Inc.	PLTR	3.97%
General Dynamics Corporation	GD	3.95%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 14, 2026	$0.1022	Apr 15, 2026
Apr 7, 2026	$0.1014	Apr 8, 2026
Mar 31, 2026	$0.101	Apr 1, 2026
Mar 24, 2026	$0.2172	Mar 25, 2026
Mar 17, 2026	$0.2186	Mar 18, 2026