The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund designed to generate current income while providing exposure to companies operating in the artificial intelligence (AI) sector. The ETF is managed by REX Shares and trades under the ticker AIPI on the Cboe BZX Exchange.

Classified as an actively managed equity ETF, the fund invests in companies involved in the development and application of artificial intelligence technologies. In addition to its equity portfolio, the fund employs a covered call strategy to generate additional income through option premiums, seeking to enhance cash distributions to shareholders.

Unlike a traditional AI-focused equity ETF, AIPI combines exposure to the growth potential of the artificial intelligence industry with an income-generating options strategy. As a result, its performance may differ from that of an index composed solely of AI-related equities, particularly during periods of strong market appreciation.

Diversification and sector exposure

AIPI provides exposure primarily associated with:

• Artificial intelligence companies.

• Information technology.

• Software.

• Semiconductors.

• Digital infrastructure.

• Cloud computing.

• Covered call strategies.

• Growth companies.

The portfolio includes companies across multiple segments of the artificial intelligence ecosystem, while the covered call strategy seeks to generate additional income without fully eliminating exposure to the underlying equity holdings.

The ETF's performance generally reflects both the performance of AI-related companies and the results of its options strategy.

Structure and costs

AIPI shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee.

The strategy seeks to make periodic distributions generated from option premium income and, where applicable, dividends received from portfolio holdings, although distribution amounts may vary depending on market conditions.

History and evolution of the ETF

The REX AI Equity Premium Income ETF was launched in 2024 to provide investors with a strategy that combines exposure to the artificial intelligence sector with income generation through covered calls.

Since inception, the fund has invested in companies playing a significant role in the development of artificial intelligence while seeking to complement equity returns with income generated from the systematic sale of call options.

Over time, the ETF's performance has reflected both developments in the artificial intelligence industry and the effectiveness of its options-based income strategy.

Additional Information

REX AI Equity Premium Income ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $407.39 million.

Over the past 12 months, REX AI Equity Premium Income ETF recorded a return of -2.25%, with its price trading between $29.64 and $43.40 during the same period.

The ETF is traded under the ticker AIPI.