REX Portfolio Solutions
Built on rules, not stock picks.
Option income for the equity sleeve, autocallable income that can replace part of the fixed income sleeve, and focused themes for growth. Every REX Portfolio Solutions strategy follows a published, rules-based methodology, so advisors underwrite the method, not a manager’s stock picks.
One method behind every strategy
Option income, autocallable, or thematic, each REX Portfolio Solutions strategy follows published rules: what it holds, when that changes, and how it seeks income or exposure. In many actively managed strategies, a manager makes those calls, so an advisor underwrites the manager as well as the strategy.
Many actively managed strategies
A manager makes the calls
REX Portfolio Solutions
Published rules make the calls
The trade-off: rules cannot sidestep a holding the index includes. If it struggles, the fund holds it until the index says otherwise. One strategy, ULTI, is actively managed, and we label it that way.
Three strategies. One method.
Each strategy is built for a different job in the portfolio, and each states its rule up front. All three trade with the liquidity and 1099 reporting of an ETF.
Replace part of the fixed income sleeve with equity-linked income
The usual ways to raise income in a bond allocation are to extend duration or take more credit risk. Autocallables are not bonds, and that is the point: their coupons come from equity volatility, with coupon barriers and principal thresholds set at inception. That makes them a different source of income for part of the fixed income sleeve, not a new kind of bond.
Individual notes bring friction: one issuance date per note, manual reinvestment at call or maturity, limited liquidity, and uneven tax reporting. ATCL and DACL, launched in partnership with RBC and Bloomberg, offer exposure to a portfolio of autocallables on a rules-based equity index, with one added each trading day inside a ’40 Act ETF, and seek to pay distributions monthly.
Potential role: a replacement for a portion of the fixed income sleeve. The allocation comes from bonds; the income comes from equity markets rather than from duration or credit spreads. ATCL and DACL are not fixed income: principal is linked to equity index performance, and the funds carry derivatives and counterparty risk, so the portion replaced should match the client’s tolerance for equity risk.
Individual notes vs. the ETF
| Individual note | ATCL and DACL | |
|---|---|---|
| Minimum investment | Typically high | None |
| Diversification | One issuance date | 252 to 1,260 live autocallables |
| Reinvestment | Manual at call or maturity | Automatic in the fund |
| Liquidity | Issuer-determined | Intraday on exchange |
| Tax reporting | Varies by issuer | Form 1099 |
| Portfolio integration | One-off positions | Built for models |
The core autocallable
ATCL
REX Autocallable Income ETF
The defensive autocallable
The only defensive autocallable ETF in market*DACL
REX Defensive Autocallable Income ETF
A cushion, not a cliff.
*Based on REX Financial analysis of Morningstar data as of 08/31/2026. Coupons are not guaranteed, and principal can be lost. See Autocallable Structure Risk and Risk Buffer and Gearing Risk in Important Information below.
Growth themes with budgets behind them
Defense budgets are shifting toward unmanned systems. AI capital spending and government fab funding are flowing to the equipment makers behind every chip. Each REX Thematic ETF follows a focused, rules-based index for one theme, so the exposure is not diluted inside a broad fund and no manager picks the names.
Drones have moved from the edge of the battlefield to the center of defense budgets, and commercial uses such as delivery, inspection, and precision agriculture are moving from pilots into revenue. DRNZ is the first U.S.-listed ETF offering pure-play exposure to the full drone value chain.
Where the fund focusesAI capital spending flows down the supply chain to the equipment makers every chipmaker buys from, and government-funded fabs each need a full equipment buildout. CHIP focuses on the machines behind AI chip production.
Where the fund focusesConcentration cuts both ways. Funds focused on one theme can be more volatile than broad market funds and may underperform the broader market. Drone companies carry defense, geopolitical, and regulatory risk. Chipmaking companies are cyclical and exposed to trade and export policy.
Potential role: a growth satellite sized beside a core allocation, with one theme per ticker so overlap with existing technology and growth positions is easy to see.
Product design you can read in full
REX Portfolio Solutions is the advisor-focused business of REX Financial, an alternative-strategy ETF provider headquartered in Fairfield, Connecticut. Founder and CEO Greg King, CFA, filed the patent for the first exchange traded note, launched the first derivative income exchange traded product in U.S. history, and launched the first U.S. crypto staking ETF in 2025.
We bring that product discipline to advisors: rules-based strategies with published methodologies, total return shown beside every distribution rate, and an institutional research team that publishes how each strategy behaves across market conditions.
See how the strategies fit your models
Our team can walk through each methodology, the sleeve it is built for, the data behind it, and what each strategy gives up. Info@REXfin.com | 1-844-802-4004
Important Information
Investing in the Funds involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment. Before investing, carefully consider each Fund’s investment objectives, risks, charges, and expenses as described in the prospectus. This and other information is in the prospectus. Please read the prospectus carefully before you invest. For prospectuses and standardized performance, visit rexshares.com or call 1-844-802-4004. FEPI and AIPI gross expense ratio: 0.65%. CEPI gross expense ratio: 0.85%. DRNZ gross expense ratio: 0.65%.
1 The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 1-844-802-4004. Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Index performance does not represent a fund’s performance. It is not possible to invest directly in an index.
1 Distribution Rate: The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s most recent Distribution per Share and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, and has the potential to change during any given tax year. Please refer to the 19a-1 Notice on each Fund’s website regarding the composition of distributions. Final determination of a distribution’s tax character will be made on Form 1099-DIV.
1 30-Day SEC Yield: The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
Distribution Risk. There is no assurance that a Fund will make a distribution in any given period. If a Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Distributions may consist of returns of capital, which would decrease a Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Return of Capital distributions return the investor’s original investment; by returning principal, a fund will have less money to invest, which may lower its overall return.
Covered Call Strategy Risk (FEPI, AIPI, CEPI). The path dependency of a Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference securities and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods. Repeated distributions may erode NAV over time. The Funds are non-diversified and concentrated in the technology sector, where applicable.
Autocallable Structure Risk (ATCL, DACL). Returns are linked to structured autocallable indexes, which may limit upside participation and expose investors to complex payoff patterns that differ from direct investments in the underlying securities. Returns depend on reference index performance relative to predefined barriers. Coupons are not guaranteed.
Risk Buffer and Gearing Risk (DACL). The Risk Buffer reduces but does not eliminate downside risk. Losses beyond the Risk Buffer are magnified by the Gearing Factor.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets. A Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Growth & Income Strategy Risk (NVII, TSII, WMTI). Each Fund is non-diversified and concentrated in a single underlying stock, and its value may be more volatile than a diversified fund. Writing covered calls on approximately 50% of the portfolio limits upside participation on that portion in exchange for premium income. Distributions are not guaranteed and may include return of capital, which reduces a Fund’s NAV and trading price over time.
Active Management and Options Risk (ULTI). The Fund is actively managed, and there is no guarantee the adviser’s investment decisions will produce the desired results. The Fund writes and purchases options on highly volatile equities, which involves risks different from, and potentially greater than, investing directly in securities, including volatility, liquidity, and valuation risk. Distributions are not guaranteed and may include return of capital.
Concentration Risk (DRNZ). The Fund will be concentrated in an industry or a group of industries to the extent that its Index is so concentrated. The value of the Fund, which focuses on underlying securities in the industrials sector, may be more volatile than a more diversified pooled investment or the market as a whole. Drone and UAV companies are subject to geopolitical and regulatory risks, and thematic investing may underperform the broader market.
Liquidity Risk. Some securities held by the Funds, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.
Non-Diversification Risk. Because the Funds are non-diversified, they may invest a greater percentage of their assets in the securities of a single issuer or a smaller number of issuers than if they were diversified funds.
ETFs referenced in the comparison: The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), expense ratio 0.35, seeks to provide the majority of the returns associated with the Nasdaq 100 Index while exposing investors to less risk through lower volatility and still offering incremental income. The NEOS Nasdaq-100 High Income ETF (QQQI), expense ratio 0.68, seeks to generate high monthly income in a tax-efficient manner with the potential for equity appreciation. The Global X Nasdaq 100 Covered Call ETF (QYLD), expense ratio 0.60, seeks investment results that closely correspond to the CBOE NASDAQ-100 BuyWrite V2 Index. The Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ), expense ratio 0.35, seeks current income while maintaining prospects for capital appreciation. The JPMorgan Equity Premium Income ETF (JEPI), expense ratio 0.35, seeks to provide current income while maintaining prospects for capital appreciation by delivering the majority of the returns of the S&P 500 with lower volatility. The NEOS S&P 500 High Income ETF (SPYI), expense ratio 0.68, seeks to generate high monthly income in a tax-efficient manner with the potential for equity appreciation in rising markets. The Global X S&P 500 Covered Call ETF (XYLD), expense ratio 0.60, seeks investment results that, before fees and expenses, generally correspond to the performance of the Cboe S&P 500 BuyWrite Index. The Goldman Sachs S&P 500 Premium Income ETF (GPIX), expense ratio 0.35, seeks current income while maintaining prospects for capital appreciation. Investment objective and expense ratio sourced from Bloomberg L.P. Investing in ETFs involves a high degree of risk; this and other information is in each respective prospectus. Please read the prospectuses carefully before you invest.
THE FUNDS, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH THE FUNDS’ UNDERLYING SECURITIES.
Funds distributed by: Foreside Fund Services, LLC, not affiliated with Rex Shares, LLC, or its affiliates.
