Nicholas Defense and Rare Earth Income ETF (WEPN)

Assets	n/a
Expense Ratio	1.11%
PE Ratio	n/a
Shares Out	150,000
Dividend (ttm)	$1.58
Dividend Yield	3.54%
Ex-Dividend Date	Jun 9, 2026
Payout Frequency	Weekly
Payout Ratio	n/a

Volume	2,519
Open	42.70
Previous Close	42.36
Day's Range	42.70 - 46.10
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

48.55% of assets

Name	Symbol	Weight
Palo Alto Networks, Inc.	PANW	7.32%
CrowdStrike Holdings, Inc.	CRWD	7.10%
Invesco DB Base Metals Fund	DBB	6.77%
VanEck Steel ETF	SLX	4.49%
General Dynamics Corporation	GD	4.01%
Ondas Inc.	ONDS	3.94%
Palantir Technologies Inc.	PLTR	3.87%
AeroVironment, Inc.	AVAV	3.74%
BWX Technologies, Inc.	BWXT	3.69%
RTX Corporation	RTX	3.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 9, 2026	$0.1082	Jun 10, 2026
Jun 2, 2026	$0.1093	Jun 3, 2026
May 27, 2026	$0.1036	May 28, 2026
May 19, 2026	$0.1041	May 20, 2026
May 12, 2026	$0.1024	May 13, 2026
May 5, 2026	$0.1036	May 6, 2026