The REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund designed to combine income generation with exposure to some of the leading technology and innovation companies in the U.S. market. The ETF is managed by REX Shares and trades under the ticker FEPI on the Cboe BZX Exchange.

Classified as an options-income ETF, the fund invests in a concentrated portfolio of companies associated with technological innovation and growth while employing derivatives strategies designed to generate recurring income.

The ETF follows an active management approach and focuses on businesses operating in areas such as artificial intelligence, semiconductors, cloud computing, digital platforms, and other innovation-driven industries. At the same time, it utilizes option-writing strategies to collect premiums that may be distributed to shareholders.

Diversification and sector exposure

FEPI provides exposure primarily associated with:

• Technology.

• Artificial intelligence.

• Semiconductors.

• Cloud computing.

• Digital platforms.

• E-commerce.

• Covered call strategies.

• Options-based income generation.

The portfolio consists of a relatively concentrated group of companies tied to technological innovation and the expansion of the digital economy. Holdings are typically drawn from sectors such as software, data infrastructure, internet services, semiconductors, and digital platforms.

The ETF’s performance reflects both the returns of the underlying equities and the results of its options-based income strategy. During periods of elevated volatility, option premiums may increase, potentially affecting the fund’s income-generation profile.

Structure and costs

FEPI shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Income generated from option-writing strategies may be distributed periodically to shareholders according to the fund’s distribution policy.

History and evolution of the ETF

The REX FANG & Innovation Equity Premium Income ETF was launched in 2023 amid growing investor demand for products that combine exposure to growth-oriented companies with income-generating strategies.

Since inception, the fund has become part of a category of ETFs designed to monetize the volatility of widely followed technology and innovation stocks through options-based approaches.

In recent years, advances in artificial intelligence, cloud computing, and the broader digital transformation of the economy have increased the importance of the companies represented in the portfolio, trends that continue to shape the ETF’s strategy and market exposure.

Additional Information

REX FANG & Innovation Equity Premium Income ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $694.80 million.

Over the past 12 months, REX FANG & Innovation Equity Premium Income ETF recorded a return of 15.46%, with its price trading between $37.98 and $49.54 during the same period.

The ETF is traded under the ticker FEPI.