Nicholas Defense and Rare Earth Income ETF (WEPN)

Assets	n/a
Expense Ratio	1.11%
PE Ratio	n/a
Shares Out	125,000
Dividend (ttm)	$0.95
Dividend Yield	2.12%
Ex-Dividend Date	Apr 28, 2026
Payout Frequency	Weekly
Payout Ratio	n/a

Volume	2,164
Open	44.71
Previous Close	45.01
Day's Range	44.40 - 44.99
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

45.11% of assets

Name	Symbol	Weight
Invesco DB Base Metals Fund	DBB	6.67%
Palo Alto Networks, Inc.	PANW	5.18%
CrowdStrike Holdings, Inc.	CRWD	5.08%
VanEck Steel ETF	SLX	4.34%
BWX Technologies, Inc.	BWXT	4.14%
Palantir Technologies Inc.	PLTR	4.11%
General Dynamics Corporation	GD	4.01%
AeroVironment, Inc.	AVAV	3.96%
Ondas Inc.	ONDS	3.94%
L3Harris Technologies, Inc.	LHX	3.69%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 28, 2026	$0.1033	Apr 29, 2026
Apr 21, 2026	$0.1063	Apr 22, 2026
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