REX FANG & Innovation Equity Premium Income ETF (FEPI)
| Assets | $587.13M |
| Expense Ratio | 0.65% |
| PE Ratio | 40.93 |
| Shares Out | 14.03M |
| Dividend (ttm) | $11.42 |
| Dividend Yield | 27.62% |
| Ex-Dividend Date | Feb 25, 2026 |
| Payout Ratio | 1,130.34% |
| 1-Year Return | -10.30% |
| Volume | 160,687 |
| Open | 41.29 |
| Previous Close | 41.62 |
| Day's Range | 41.08 - 41.55 |
| 52-Week Low | 35.44 |
| 52-Week High | 49.68 |
| Beta | 1.07 |
| Holdings | 30 |
| Inception Date | Oct 9, 2023 |
About FEPI
Fund Home PageThe REX FANG & Innovation Equity Premium Income ETF (FEPI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking to provide similar returns as the Solactive FANG Innovation Index and monthly income. The fund invests in the securities comprising the index while writing call options on them. FEPI was launched on Oct 9, 2023 and is issued by REX Shares.
Top 10 Holdings
69.13% of assets| Name | Symbol | Weight |
|---|---|---|
| Advanced Micro Devices, Inc. | AMD | 7.07% |
| AppLovin Corporation | APP | 7.00% |
| Amazon.com, Inc. | AMZN | 7.00% |
| NVIDIA Corporation | NVDA | 6.99% |
| Micron Technology, Inc. | MU | 6.94% |
| Apple Inc. | AAPL | 6.94% |
| Alphabet Inc. | GOOGL | 6.91% |
| Netflix, Inc. | NFLX | 6.83% |
| Tesla, Inc. | TSLA | 6.75% |
| Meta Platforms, Inc. | META | 6.70% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 25, 2026 | $0.88326 | Feb 26, 2026 |
| Jan 28, 2026 | $0.95487 | Jan 29, 2026 |
| Dec 24, 2025 | $0.98364 | Dec 26, 2025 |
| Nov 25, 2025 | $0.95886 | Nov 26, 2025 |
| Oct 29, 2025 | $1.04055 | Oct 30, 2025 |
| Sep 24, 2025 | $0.99708 | Sep 25, 2025 |
News
FEPI: Buying On Declines Can Lead To Success
REX FANG & Innovation Equity Premium Income ETF offers a high current dividend yield, supported by its latest monthly distribution of $0.9548 per share. The fund's strategy and performance are highlig...
2026 Is About Volatility And 10%+ Covered Call Yields
Volatility and dispersion are the likely key themes for 2026. The sky-high valuations and increasingly shaky economic/financial fundamentals support that view. At the same time, the market's "put mech...
Two 20%+ Yields That Have Entered Deep Bargain Territory
Recent AI and mega-cap growth volatility has impacted income-focused asset classes, underscoring the need for high-quality value and reliable current income streams. I structure my portfolio for an 8–...
I've Never Been More Bullish On Covered Call ETFs Than Now (But With One Caveat)
The market seems to be increasingly punctuated by notable volatility spikes, while the broad indices (and AI names) struggle to justify their valuations. This is the necessary setup for covered call E...
Want AI Exposure But Fear The Bubble? Focus On Income
Recent volatility in AI-focused equities like Nvidia, CrowdStrike, and Palantir signals heightened geopolitical risks and investor de-risking. Capital is rotating from mega-cap AI stocks into small-ca...
Why Letter 'L' Is The Biggest Risk For Covered Call ETF Income
Covered call ETFs play an increasingly more important role for income investors and their cash flows. These products come with several risks, but most of them should be acceptable for those who seek s...
Undercovered Dozen: Canadian Natural Resources, Duke Energy, PennyMac Mortgage And More
This week's Undercovered Dozen highlights 12 lesser-followed stocks and funds, each with distinct catalysts or value opportunities. This week's edition covers articles published between Dec. 12 and De...
FEPI: High Tech, High Income, Both Good Things For 2026
REX FANG & Innovation Equity Premium Income ETF offers a 25% annual distribution rate via a covered call strategy on the 'Magnificent 15' innovation stocks. FEPI's high income comes at the cost of cap...
FEPI: Rare Moment When 25%+ Yield Is Suitable For Durable Income Investors
REX FANG & Innovation Equity Premium Income ETF offers a yield of ~25%. Optically, this looks like a value trap or covered call ETF with a clear NAV erosion dynamic. Yet, as I detail it in the article...
31 Ideal 'Safer' Monthly Paying September Dividend Stocks And 80 Funds
Imagine stocks and funds paying you dividends monthly! Your angst awaiting dividend payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! September U.S. exchange-...
FEPI: Tax-Efficient Income From A Buy-And-Hold Option ETF
FEPI offers a compelling 25% yield with monthly distributions, making it attractive for income-focused investors seeking lower volatility and capital preservation. The ETF's strategy of holding common...
25%+ Monthly Yielding Picks: One To Buy, One To Avoid
Usually, everything that offers a double digit dividend yield carries an elevated risk of being a value trap. If we speak about 25%+ yield zone, then I would say that '99%' of cases are just that - i....
FEPI: Just Don't Look At 'What Ifs'
REX FANG & Innovation Equity Premium Income ETF offers a high 25% yield by writing covered calls on 15 mega-cap tech stocks, appealing to income-focused investors. The fund's strategy sacrifices signi...
31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds
June U.S. exchange-traded monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks-by-yield (80); 2. Stocks-by-price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & No...
Get Paid Weekly From A Variety Of Options Income ETFs
Weekly income ETFs are booming, with new funds leveraging 0DTE options strategies to generate high-yield, frequent distributions for passive income seekers. Roundhill, YieldMax, Rex Shares, and Granit...
FEPI: A Concentrated Tech Income Play With Structural Weaknesses
FEPI offers high yield (25-35%) via call writing on a concentrated tech portfolio, but this aggressive payout erodes NAV over time. Stock selection methodology is interesting, blending FANG/Mag 7 with...
FEPI: Gigantic Tech Yield, But Don't Ignore The Downside Risk
FEPI's 28% yield is eye-catching, but its aggressive covered call strategy leads to significant price erosion and downside risk over time. The ETF's heavy exposure to slow-growing, overvalued tech gia...
Compound Your Wealth With The Dividend Wheel Strategy
I use high-yield option ETFs to generate frequent, substantial income, which I manually reinvest into undervalued growth stocks for compounding returns. My Dividend Wheel strategy allows for flexible ...
FEPI Vs. QDTE: Both Funds Offer A Unique Value Proposition
Both FEPI and QDTE are strong option-based ETFs for income, but QDTE's higher yield and total return make it more compelling currently. FEPI offers more stability and consistent monthly payouts by hol...
FEPI: Dissecting The 'Mag 15' Income Strategy
The REX FANG & Innovation Equity Premium Income ETF (FEPI) was previously flagged as risky and potentially underperforming against diversified tech indices during market downturns. After April's marke...
30 April Ideal "Safer" Monthly Paying Dividend Stocks And 80 Funds
Investing $1,000 in top-yielding MoPay stocks can yield significant returns, with estimated gains of 21.06% to 40.99% by April 2026. MoPay stocks are affordable but come with higher volatility and ris...
FEPI: There Is No Magic Investment With High Total Returns And High Distribution Yields
FEPI ETF offers a high distribution yield of 25–30%, but this yield is misleading due to the inherent risks of its covered-call strategy. The fund's strategy involves owning top tech stocks and writin...
FEPI: This ~30% Yield Is Less Risky Than You Might Think
My January bullish thesis on the REX FANG & Innovation Equity Premium Income ETF was based on a sideways Nasdaq 100 market, which didn't materialize. Yet, what was surprising to see is the FEPI's unde...
FEPI: Mag7 Exposure With A 30% Yield
REX FANG & Innovation Equity Premium Income ETF offers a 30% dividend yield by employing a covered call strategy on major tech stocks. FEPI's portfolio includes significant holdings in Mag 7 stocks li...
High Yields Will Never Be The Same - Here's Why
High-yield investments like BDCs, MLPs, CEFs, and REITs offer substantial dividend yields, often overlooked by retail investors due to a lack of awareness. Option ETFs generate high income by writing ...