FEPI
REX FANG & Innovation Equity Premium Income ETF
FEPI 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.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
278.6 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Oct 11, 2023 |
| Assets (mns) | $274 |
| Expense ratio | 65 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/26/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 122 |
| ADV traded (mns) | $5 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $45.05 |
| 30d moving avg. | $43.92 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 55 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| FEPI (65 bp) Percentile rank | 11 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 65.0 | 0.0 | 65 | |
| Peer Avg. | 93.9 | 36.4 | 130.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .