FEPI

REX FANG & Innovation
Equity Premium Income ETF

Distribution Rate*: 25.20%

As of 06/24/2024

30-Day SEC Yield**: -0.29%

As of 05/31/2024

*The Distribution Rate is the annual yield 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 multiplying an ETF’s Distribution per Share by twelve (12), 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. Current distributions represent 100% Return of Capital. **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. The REX FANG & Innovation Equity Premium Income ETF has a gross expense ratio of 0.65%. Distributions are not guaranteed.

The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

FEPI Objective:

OWN BIG TECH

+

WRITE COVERED CALLS

=

ENHANCED INCOME POTENTIAL

REX FANG & Innovation Equity Premium Income ETF’s (the “Fund”) investment objectives are capital appreciation and current income.

FEPI Materials:

Ticker
FEPI
CUSIP
26923N744
Asset Class
U.S. Equity
Fund Inception
10/11/2023
Exchange
NASDAQ
Sector
Technology
As of 06/21/2024
NAV
$55.29
NAV Change ($)
0.03
NAV Change (%)
0.06
Closing Price
$55.43
Medium Bid/Ask Spread
0.13%
Discount/Premium
0.260100%
Fund Assets
$285,464,500.00
Shares Outstanding
5,150,000
Number of Holdings
66
Expense Ratio
0.65%

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

x
Closing Price
$55.43
Net Asset Value
$55.29
Premium/Discount
0.26%
Median Bid-Ask Spread (30 day)
0.13%
As Of
06/21/2024
FEPI
Days Traded at Premium
Days Traded at Discount
2023
Calendar Year
57
7
2024
Q1
56
4
Q2
48
8

FEPI Distribution:

Distribution Rate*
As of 06/24/2024
25.20%
Distribution Frequency
Monthly
30-Day SEC Yield**
As of 05/31/2024
-0.29%
Distribution Per Share
Declaration Date
EX Date
Record Date
Payable
12/23/2024
12/24/2024
12/24/2024
12/26/2024
11/25/2024
11/26/2024
11/26/2024
11/27/2024
10/23/2024
10/24/2024
10/24/2024
10/25/2024
09/25/2024
09/26/2024
09/26/2024
09/27/2024
08/26/2024
08/27/2024
08/27/2024
08/28/2024
07/25/2024
07/26/2024
07/26/2024
07/29/2024
$1.15
06/24/2024
06/25/2024
06/25/2024
06/26/2024
$1.16
05/22/2024
05/23/2024
05/24/2024
05/28/2024
$1.09
04/22/2024
04/23/2024
04/24/2024
04/25/2024
$1.19
03/25/2024
03/26/2024
03/27/2024
03/28/2024
$1.19
02/23/2024
02/26/2024
02/27/2024
02/28/2024
$1.20
01/23/2024
01/24/2024
01/25/2024
01/26/2024
$1.18
12/22/2023
12/26/2023
12/27/2023
12/28/2023
$1.15
11/24/2023
11/27/2023
11/28/2023
11/29/2023

*The Distribution Rate is the annual yield 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 multiplying an ETF’s Distribution per Share by twelve (12), 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. Current distributions represent 100% Return of Capital. **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. The REX FANG & Innovation Equity Premium Income ETF has a gross expense ratio of 0.65%. Distributions are not guaranteed.

The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

FEPI Holdings:

The FANG & Innovation Index is equally weighted and includes 15 highly liquid stocks focused on building tomorrow’s technology today. The index rebalances monthly and reconstitutes quarterly

Top 15 Tech Stocks Equally Weighted

logos
As of 06-21-2024
Symbol
Name
Security Identifier
Weighting
Net Value
CRM
SALESFORCE.COM INC
79466L302
7.05%
$20,077,030.62
AMD
ADVANCED MICRO DEVICES INC
007903107
6.91%
$19,687,634.07
AMZN
AMAZON.COM INC
023135106
6.87%
$19,552,573.72
GOOGL
ALPHABET INC-CL A
02079K305
6.82%
$19,413,152.99
ADBE
ADOBE SYSTEMS INC
00724F101
6.76%
$19,239,047.04
INTC
INTEL CORP
458140100
6.74%
$19,195,929.79
MSFT
MICROSOFT CORP
594918104
6.69%
$19,049,532.34
PANW
PALO ALTO NETWORKS INC
697435105
6.68%
$19,032,727.28
NFLX
NETFLIX INC
64110L106
6.63%
$18,879,964.04
META
META PLATFORMS INC
30303M102
6.57%
$18,711,095.26

Fund holdings are subject to change.

*The Fund actively manages holdings based on the 15 equally-weighted, highly liquid big tech stocks in the FANG & Innovation Index, which is rebalanced monthly and reconstituted quarterly. Proceeds from call option sales on these stocks are invested in money market instruments to generate current monthly income.

FEPI Performance:

As of 03/31/2024
Fund Ticker
1 Month
3 Month
6 Month
YTD
1 Year
Since Inception
FEPI MKT
0.94%
6.88%
-
6.88%
-
20.24%
FEPI NAV
0.69%
7.13%
-
7.13%
-
20.17%
S&P 500 Index
3.10%
10.16%
-
10.16%
-
20.05%

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 844-802-4004. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Get in Touch

The FANG & Innovation Equity Premium Income ETF is brought to you by REX Shares – an innovative ETF provider that specializes in alternative-strategy ETFs and ETNs. The firm created the MicroSectors™ and co-created the T-REX product lines of leveraged and inverse tools for traders and recently launched a series of option-based income strategies. The firm is rooted in decades of experience building inventive solutions that solve for a range of specific challenges in investor and trader portfolios.

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Important Information:

Investing in the Fund 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 in the Fund.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. Please read the prospectuses carefully before you invest. Investments involve risk. Principal loss is possible. For FEPI prospectuses, click here.

THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH THE FUND’S UNDERLYING SECURITIES.

The Fund’s investment exposure is concentrated in the same industries as that assigned to the underlying securities. Some or all of these risks may adversely affect the Fund’s net asset value (“NAV”) per share, trading price, yield, total return, and/or ability to meet its investment objective.  

The value of the Fund, which focuses on underlying securities in the technology sector, may be more volatile than a more diversified pooled investment or the market as a whole and may perform differently from the value of a more diversified pooled investment or the market as a whole.

Sector Concentration Risk. The trading prices of the Fund’s underlying securities may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general, and the market for technology companies in particular, where applicable, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The 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.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the 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 period.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.  A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

New Fund Risk. The Fund is a recently organized management investment company with no operating history.As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility of the underlying reference security, the time remaining until the expiration of the option contract and economic events. For the Fund in particular, the value of the options contracts in which it invests are substantially influenced by the value of the underlying securities.

Money Market Securities Risk.  The Fund may invest in money market securities, which are short-term, highly rated fixed income securities.  Although money market securities typically carry lower risk than equity securities, return of principal and interest may not be guaranteed.

Index:  The Solactive® FANG Innovation Index includes 15 highly liquid stocks focused on technology. These large, tech-enabled equity securities are all listed and domiciled in the U.S.  The Index   is comprised of eight core-components Apple (AAPL), Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA) AND the seven top traded names across the technology sector.

Out of the Money Option:  An out of the money call option has a strike price that is higher than the price of the underlying asset.:

Call Option:  Call options are financial contracts that give the buyer the right—but not the obligation—to buy a stock, bond, commodity, or other asset or instrument at a specified price within a specific period.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Funds distributed by: Foreside Fund Services, LLC, not affiliated with Rex Shares, LLC, or its affiliates.