Skip to content
etf.net

Launched · SEC filings

REX FANG & Innovation Equity Premium Income ETF

FEPINasdaqRexsharesB

$37.85−0.73 (−1.89%)

At close: Nov 2, 2026, 4:00 PM ET

B62/ 100

Rank 6 of 24 in Other Index Option Income

B62/100Rank 6 of 24inOther Index Option Income
Intraday session: down, 79 prints from 38.58 to 37.85. Range 37.84 to 38.82. Use the arrow keys to read each point.38.0038.2038.4038.8010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$718M
1Y total return
+1.1%
Yield · Last 12 months
26.68%
Holdings
19
Avg volume · 30D
205K sh
52W range
low $37.90high $48.69
Launched
Filings
SEC EDGAR

The ETF.net FEPI Grade

Based on 5 of 6 pillars

B

Score 62 out of 100

Category
Other Index Option Income⁠
Rank
6 of 24
Six-pillar profile for FEPI. Scores out of 100: Cost 76, Risk 31, Mission not scored, Tradability 72, Holdings 43, Durability 80. Strongest: Durability (80). Weakest: Risk (31). Based on 5 of 6 pillars.

Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A76 out of 100
    Rank 5 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 18 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 2 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 10 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A80 out of 100
    Rank 2 of 24

Our read on FEPI

ETF.net Research

In short

BMost option-income ETFs sell calls on the S&P 500. FEPI runs the same playbook on roughly 60 FANG and innovation names, pairing concentrated big-tech exposure with monthly premium income, and it charges less than the typical fund in its group.

Stated mandate

The Fund seeks capital appreciation and current income.

Why people hold it

  • 0.65% a year, under the 0.75% median for option-income index overlays.
  • The call writing sits on the Solactive FANG Innovation Index, roughly 60 tech and innovation names, not a broad benchmark. Focused by design.
  • Distributions land monthly, on a schedule rather than in lumps.
  • One of the stronger implementations among the option-income overlay funds we cover.

Worth knowing

  • Premium income is paid for with upside. Selling calls on the holdings means a runaway tech rally leaves some of the gain on the table.
  • Roughly 60 US tech names is a narrow slice of the market, and payouts float with options premiums, so the monthly amount moves around.
  • Launched in 2023, so its track record is shorter than the older overlay funds it competes with, like LQDW and YLDE.

FEPI Performance

Launched Oct 11, 2023

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FEPI$10,114
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FEPI $10,114. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FEPI. Periods over one year show the average yearly return.
PeriodFEPI
Year to date+3.0%
1 month−8.2%
3 months+3.3%
1 year+1.1%
3 yearsper year+17.6%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FEPI
YearReturn barFEPI
2026 YTD+3.0%
2025+18.3%
2024+15.5%
2023+11.4%

History from Oct 12, 2023

FEPI in the news

FEPI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
26.68%Last 12 months
Payout per share
$10.29Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 27 payments in 2026 YTD. Jan 28, 2026 $0.95; Feb 25, 2026 $0.88; Mar 25, 2026 $0.87; Apr 22, 2026 $0.90; May 27, 2026 $0.22; Jun 3, 2026 $0.22; Jun 10, 2026 $0.21; Jun 17, 2026 $0.21; Jun 24, 2026 $0.21; Jul 1, 2026 $0.21; Jul 8, 2026 $0.21; Jul 15, 2026 $0.20; Jul 22, 2026 $0.20; Jul 29, 2026 $0.19; Aug 5, 2026 $0.20; Aug 12, 2026 $0.20; Aug 19, 2026 $0.20; Aug 26, 2026 $0.20; Sep 2, 2026 $0.21; Sep 9, 2026 $0.21; Sep 16, 2026 $0.20; Sep 23, 2026 $0.21; Sep 30, 2026 $0.21; Oct 7, 2026 $0.21; Oct 14, 2026 $0.21; Oct 21, 2026 $0.20; Oct 28, 2026 $0.20. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 28, 2026Oct 29, 2026$0.20
Oct 21, 2026Oct 22, 2026$0.20
Oct 14, 2026Oct 15, 2026$0.21
Oct 7, 2026Oct 8, 2026$0.21
Sep 30, 2026Oct 1, 2026$0.21
Sep 23, 2026Sep 24, 2026$0.21
Sep 16, 2026Sep 17, 2026$0.20
Sep 9, 2026Sep 10, 2026$0.21
Sep 2, 2026Sep 3, 2026$0.21
Aug 26, 2026Aug 27, 2026$0.20
Aug 19, 2026Aug 20, 2026$0.20
Aug 12, 2026Aug 13, 2026$0.20

See all 53 payments⁠

$10,000 in FEPI 3 years ago paid $6,873 in dividends.⁠

FEPI Risk

Risk pillarD31 out of 100Rank 18 of 24 in Other Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
17.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.78
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.6%
36 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FEPI Cost

Compare FEPI and EDGX

Overpaying vs EDGX, cheapest in Other Index Option Income

$12,717

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FEPI 0.65%

    $12,717

  • EDGX 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • FEPI 0.65%
  • EDGX 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FEPI $12,717EDGX $0

Year by year

YearFEPIEDGXOverpaying
10$1,163$0$1,163
20$4,440$0$4,440
30$12,717$0$12,717

Other funds in Other Index Option Income

See others