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REX FANG & Innovation Equity Premium Income (FEPI)

Covered call / option income ETF · REX / Tidal · NASDAQ · 51 holdings
$40.17 ▼ -1.35 (3.25%)
At close · USD · Volume 480,185
Returns and riskCostIncomeDividend historyHoldingsX-Ray look-throughQuestions
52-week range
$37.90 – $49.68
Day's range
$39.94 – $41.00
1-year total return
+9.6%

FEPI price chart

Daily, split-corrected, distributions markedEnd-of-day prices

FEPI fund facts

FundREX FANG & Innovation Equity Premium Income ETF
TickerFEPI · NASDAQ
Issuer (by our rules)REX / Tidal
Category (by our rules)Covered call / option income
Expense ratio0.65%
Holdings51
Net assets (fund, SEC)$647M
Yield (last 12 months)27.72%
DistributionsWeekly
52-week range$37.90 – $49.68
Average volume (3 months)205,348
First price in our data11 Oct 2023
Issuer and category are assigned by StocksXray rules from the fund name. Expense ratio and net assets come from SEC filings; where a fund does not file them (for example grantor trusts) the field stays empty.

Returns and risk

1 month
−5.4%
3 months
+3.6%
6 months
+4.4%
Year to date
+6.8%
1 year
+9.6%
3 years a year
+19.1%
5 years a year
n/a
10 years a year
n/a
Volatility (1 year)
20.1%
Largest drop, last year
−15.0%
Largest drop in our data
−23.6%
Total return includes distributions, from end-of-day prices adjusted for splits and distributions, to 22 Oct 2026. Periods of 3 years and longer are annualised and shown only when the fund's history is long enough. Volatility is the standard deviation of daily returns over the last year, annualised. Past performance does not guarantee future results.

Cost: expense ratio

0.65% a year

On $10,000 invested that is about $65 a year in fund costs, taken out of the fund's assets.

Source: the fund's prospectus, as filed with the SEC on 26 Nov 2025 (risk/return summary data). Brokerage commissions and the bid-ask spread are separate costs.

Income: distributions

Paid, last 12 months
11.14 USD
Yield on today's price
27.72%
Frequency
Weekly
Latest ex-date
21 Oct 2026

Option-income funds can pay part of a distribution as a return of capital, which lowers the cost basis rather than being income. The issuer's tax documents say how much; the yield alone does not show it.

Full FEPI dividend history →
Cash paid per current share (restated for share splits), before tax, from EODHD.

FEPI top holdings

#HoldingWeight
1 ALPHABET INC. 7.00%
2 BROADCOM INC. AVGO 6.95%
3 APPLE INC. AAPL 6.90%
4 NVIDIA CORPORATION NVDA 6.68%
5 ADVANCED MICRO DEVICES, INC. AMD 6.05%
6 MICRON TECHNOLOGY, INC. MU 5.88%
7 META PLATFORMS, INC. META 4.25%
8 MICROSOFT CORPORATION MSFT 4.23%
9 ORACLE CORPORATION ORCL 4.23%
10 PALANTIR TECHNOLOGIES INC. PLTR 4.22%
The top 10 make up 56.4% of the fund, out of 51 holdings.
Positions as of 31 Jul 2026, from the fund's Form N-PORT filed with the SEC. Public N-PORT holdings are quarter-end positions published about 60 days later, so they can be months old and the fund may have changed since.

X-Ray look-through

StocksXray scores 70% of FEPI by weight (14 stocks in our S&P 500 coverage), so we can look inside the fund with our own numbers. The weighted average X-Ray Score of those stocks is 55 out of 100.

Undervalued 0%Fair 80%Overvalued 20%
Information Technology 76%Communication Services 12%Consumer Discretionary 12%
Weights are the SEC holdings weights dated 31 Jul 2026; scores and fair-value labels are today's. Labels follow our fair-value method ("Undervalued" means fair value is more than 17.5% above the price) and are model estimates, not forecasts or advice. How the X-Ray Score works.

Similar Covered call / option income ETFs

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Funds of the same category, nearest in trading size. Similar does not mean equivalent: check holdings and costs.

FEPI: frequently asked questions

What is FEPI?

FEPI is the REX FANG & Innovation Equity Premium Income ETF, issued by REX / Tidal, listed on NASDAQ. By our rules it is classed as "Covered call / option income". Its latest SEC filing lists 51 holdings.

What is the expense ratio of FEPI?

FEPI charges 0.65% a year, according to its prospectus filed with the SEC on 26 Nov 2025. On $10,000 that is about $65 a year in fund costs.

Does FEPI pay dividends?

Yes. FEPI paid 11.14 per share over the last 12 months, weekly, a trailing yield of 27.72% on today's price. The latest ex-dividend date was 21 Oct 2026. Option-income funds can pay part of a distribution as a return of capital; the issuer's tax documents say how much.

What does FEPI hold?

The largest holdings in the latest SEC filing are ALPHABET INC. (7.0%), BROADCOM INC. (7.0%), APPLE INC. (6.9%). The top 10 together make up 56.4% of the fund.

How has FEPI performed?

Total return including distributions to 22 Oct 2026: 1 year +9.6%, 3 years +19.1% a year. Past performance does not guarantee future results.

How does StocksXray rate the stocks inside FEPI?

We score 70% of the fund by weight (14 stocks) with our X-Ray Score: the weighted average is 55 out of 100. These are model estimates, not forecasts or advice.

Where the numbers come from

Prices and distributions end-of-day data from EODHD; returns are our own calculations from it.
Expense ratio and holdings SEC filings (prospectus risk/return data and Form N-PORT).
Category, issuer and leverage assigned by StocksXray rules from the fund name.
X-Ray look-through our scores applied to the SEC holdings.
Read the methodology →

StocksXray is for education only and is not financial advice or a recommendation to buy or sell anything. Past performance does not guarantee future results; funds can lose value.