OTM Positioning and Total Return

Important notice: Cash distributions discussed in this document may include return of capital and should not be interpreted as investment performance or economic gain.

Executive Summary (TLDR)

REX designed its covered call ETFs to capture both income and upside by positioning call options further out-of-the-money (OTM) in higher implied volatility stocks.

Over the period analyzed, this structure delivered total returns that kept pace with a growth-oriented Nasdaq-100 ETF (ticker: QQQ) and materially outperformed two leading Nasdaq-focused equity income ETFs (ticker: JEPQ and QYLD).

Here’s what the data shows:

The performance period beginning on April 8, 2025 was selected to capture a period of elevated market volatility and broad equity dislocation, followed by a sustained equity rally. This provides a useful backdrop for evaluating how different covered call structures respond from a market trough into a subsequent equity rally.

During this period, four strategies operated within the same macro environment:

• QQQ: a growth-oriented Nasdaq-100 benchmark offering full upside participation
• FEPI: a concentrated, large-cap technology and innovation portfolio with single-stock covered call overlays, targeting meaningful upside with option income
• JEPQ: a Nasdaq-focused equity income strategy providing partial upside through option-based yield generation
• QYLD: a Nasdaq-100 covered call strategy offering high income potential but very limited upside participation

The purpose of the comparison is not to assess security selection or market timing, but to isolate how differences in portfolio construction and option implementation influence return outcomes.

To provide context for FEPI’s results, the chart and table below compare FEPI with QQQ, JEPQ, and QYLD, framing the trade-off between equity participation and income generation within a similar sector and volatility environment.

**Income Component represents the difference between Total Return (assumes reinvestment of distributions, which includes return of capital) and NAV Return over the measurement period.

*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 performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance for one year and under are cumulative, not annualized. 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. For additional information, see the fund(s) prospectus. Current performance may be lower or higher than the performance data quoted. The most recent month-end performance can be obtained by calling 1-844-802-4004. The average annual total return figures reflect the reinvestment of dividends and capital gains, if any.

The OTM-ness Principle

When a covered call is sold, future upside beyond the strike price is exchanged for immediate premium income. The relationship between strike distance and premium collected is not linear and is heavily influenced by implied volatility.

At lower levels of implied volatility, moving a call further OTM typically results in a disproportionate reduction in premium. At higher levels of implied volatility, that trade-off becomes less severe. In practical terms, this means that at higher implied volatility levels, a strategy may be able to position strikes further from spot prices while still collecting meaningful income.

• Lower volatility (~25% implied volatility): Moving from a 1% OTM to a 5% OTM strike reduced estimated monthly premium from approximately 2.5% to 1.2% (~50% decline)
• Higher volatility (~50% implied volatility): The same shift in strike distance reduced estimated monthly premium from approximately 5.4% to 3.9% (~25% decline)

These examples highlight how elevated implied volatility can support wider strike distances with less proportional sacrifice to premium, helping income generation and equity participation coexist more effectively.

FEPI: Application of OTM Positioning at the Security Level

FEPI implements its covered call strategy at the individual stock level across a concentrated portfolio of large-cap technology and innovation companies.

This volatility profile supports:

• Greater flexibility in strike distance selection
• The ability to position calls further OTM (typically 5% to 7%) while still generating meaningful premium
• A return profile that reflects both option income and retained equity participation

Structural Comparisons

FEPI vs. QQQ: Growth Benchmark Perspective

QQQ is designed to provide full exposure to the price performance of large-cap Nasdaq-listed growth companies. Its return profile is therefore dominated by market price appreciation, with distributions playing a minimal role in total return outcomes.

FEPI, by contrast, introduces a second return component through option income. While this structure can reduce participation beyond the selected strike levels, the use of further OTM positioning at the individual stock level is intended to retain participation in strong equity rallies.

The distinction between the two strategies is structural:

• QQQ maximizes exposure to price appreciation
• FEPI balances price participation with income generation

The results show that similar total return outcomes can be achieved with different mixes of income and upside participation, shaped by strike selection. During the period analyzed, FEPI exceeded QQQ’s total return by 1.10%.

FEPI vs. JEPQ: Volatility Source and Option Structure

While both FEPI and JEPQ are positioned as equity income strategies with significant exposure to large-cap growth and technology-oriented companies, their option implementations differ materially.

JEPQ generates income primarily through equity-linked option exposure via equity-linked notes tied to the Nasdaq. Index-level implied volatility is structurally lower and more stable than single-stock volatility, which generally limits how far strikes can be moved OTM without a meaningful reduction in premium collected.

These structural differences lead to distinct return profiles:

• FEPI emphasizes flexibility in upside participation alongside income generation through wider OTM positioning at the individual stock level
• JEPQ emphasizes income stability and volatility dampening through index-linked option exposure

This highlights how differences in option structure and volatility source can shape income and upside participation. During the period analyzed, this structural difference contributed to FEPI outperforming JEPQ by +11.28%.

FEPI vs. QYLD: Upside Capture, Strike Selection, and Volatility

Although FEPI and QYLD both seek to deliver equity income from tech-oriented, large-cap growth exposure, they pursue that goal through notably different option structures.

QYLD seeks to track a Nasdaq-100 buy-write benchmark by owning the Nasdaq-100 and systematically selling one-month, at-the-money index calls. This approach is designed to maximize premium and steady cash flow, but it begins capping gains almost immediately as the index advances, which structurally suppresses upside in strong or persistent rallies.

FEPI, by contrast, applies its option overlay at the individual stock level with OTM strikes, allowing more room for equity appreciation before upside is called away.

As a result, the two strategies exhibit distinct return profiles:

• FEPI is designed to balance option income with more meaningful upside participation by using slightly out-of-the-money calls on concentrated, higher-volatility tech names.
• QYLD is designed primarily for steady, recurring distributions by selling at-the-money calls on the Nasdaq-100, accepting that total return will be heavily constrained in strong bull phases.

Over the period examined, this combination of deeper upside “runway” (via out-of-the-money single-stock calls) and exposure to a concentrated tech basket was a key contributor to FEPI’s ability to participate more in market strength and ultimately outperform QYLD.

How OTM-ness Contributed to FEPI’s Upside (+21.24% Price Appreciation)

• Stock-level exposure to high-growth leaders (NVDA, PLTR, TSLA, NFLX, META, among others), where implied volatility and option premiums are structurally higher.
• Wider strike positioning, with calls typically written 5%–7% OTM rather than the 1%–3% common in index-based strategies.
• Upside participation retained, allowing equity rallies to contribute meaningfully to total return while still generating income.

View the full fund’s holdings here: https://www.rexshares.com/fepi/

Looking Ahead

Post-2020 market conditions reflect a structurally higher volatility regime than the prior decade, supporting wider OTM positioning without a proportional reduction in income. FEPI’s 46.61% total return (market price plus reinvested distributions) over the period analyzed illustrates how OTM positioning can support both income and equity participation in an elevated volatility environment.

1. Volatility is likely to remain structurally higher amid ongoing geopolitical and policy uncertainty.
2. Wider strike positioning becomes more efficient as implied volatility rises, reducing the trade-off between premium and upside.
3. Stock-level strategies can capture dispersion in volatility and returns that index-based approaches smooth away.
4. Income and growth need not be mutually exclusive when strike selection is aligned with volatility conditions.

The Bottom Line

The relationship between implied volatility and premium capture is asymmetric.

Writing calls 5%–7% OTM rather than 1%–3% reduces immediate relative premium, but preserves more upside when markets rally and seeks to preserve downside cushioning through option income.

In 2025’s market rally, this structure translated into strong total return alongside meaningful income generation. For investors seeking exposure to high-growth equities without abandoning cash flow, FEPI’s performance during this period illustrates a different path to total return.

Performance data: April 8, 2025 – December 31, 2025. Past performance is not indicative of future results. All investments carry risk, including possible loss of principal. Distributions are not guaranteed. Please see fund prospectus for complete details and risk disclosures.

To provide context on FEPI’s income-oriented approach, the comparison below includes QYLD and JEPQ as a widely followed equity income ETF and QQQ as a broad U.S. equity market benchmark. The goal is to highlight structural differences in objectives, portfolio management, and risk exposures that can lead to different return profiles.

Disclosures

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.

Nasdaq-100. The Nasdaq-100 is a stock market index designed to measure the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market, selected and weighted by market capitalization across sectors such as technology, telecommunications, retail, and biotechnology.

The CBOE Nasdaq-100 BuyWrite Index. Measures the total rate of return of a Nasdaq-100 covered call strategy that holds a portfolio linked to the Nasdaq-100 Index and sells a succession of one-month, at-the-money Nasdaq-100 call options.

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.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

NAV Erosion Risk Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may significantly erode the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

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.

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.

Implied Volatility: A measure of the market’s expectation of future price fluctuations for a security, derived from the current market price of an option on that security. Higher implied volatility generally reflects greater expected price movement and typically results in higher option premiums.

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

The post How FEPI Kept Pace With The Nasdaq 100, Despite High Income Generation appeared first on REX Shares.

What Is Implied Volatility?

Implied volatility is essentially the market’s best guess at how much a stock might move in the future. Unlike historical volatility (which looks backward at past price swings), IV is forward-looking — it’s based on what the market is pricing in right now about future moves.

Think of IV like a weather forecast for a stock:

• A high IV signals stormy skies ahead — big potential moves, up or down.
• A low IV suggests calmer conditions — smaller expected moves.

Why Implied Volatility Matters for Income Investors

Implied volatility drives the price of an option — also known as the option premium. The higher the IV, the higher the option’s premium (price). This relationship has big implications for an income investor because option premiums are the source of your returns in strategies like covered calls. In short, more volatility means more income potential, while less volatility means lower premiums to capture.

• Higher IV = Higher Potential Yield: More uncertainty in the stock means option buyers will pay richer premiums. For an option seller, that translates into more income potential (all else equal).
• Lower IV = Lower Income: When volatility is low, option premiums shrink. Even if the stock’s price stays strong, there’s simply less “juice” to squeeze from selling options.

Important: If you’re using options to generate income, implied volatility isn’t just a side note — it’s a key ingredient. Understanding IV helps you assess risk, gauge income potential, and adapt your strategy as market conditions change.

Buyer vs. Seller: How IV Affects Both Sides

To understand IV’s impact, it helps to see how option buyers and sellers experience it differently. An option contract gives the buyer the right (but not the obligation) to buy or sell a stock at a set price (the strike) before expiration, in exchange for a premium paid up front. The seller, on the other hand, collects the premium but takes on the obligation to fulfill the contract if the buyer exercises that right.

• Option Buyers: They pay a premium for a call or put, essentially making a leveraged bet on the stock’s movement. A call buyer is betting the stock goes up, while a put buyer bets it goes down. Buyers risk only the premium they pay, and if the stock makes a big move in their favor, their returns can be magnified (since a small premium can turn into a large payoff). However, higher IV means they have to pay more for the option, since the market expects a bigger move.
• Option Sellers: They collect the premium up front (this is the income for strategies like covered calls). In return, the seller is obligated to act if the option is exercised (for example, selling the stock at the strike price if a call option buyer decides to exercise). Think of the seller like an insurance provider: they get paid for taking on risk, hoping they won’t have to pay out. A higher IV is actually good news for sellers because it means higher premiums (more income) — but it also usually comes with a greater chance the option will be exercised (since the stock is more likely to make a big move). Conversely, low IV means cheaper options (less income for sellers) but a lower chance of being called to fulfill the contract.

Real-World Example: IV’s Impact on Premium and Yield

To see IV in action, consider a single-stock covered call strategy on a volatile stock like Tesla. Here’s how the option premium (and the investor’s yield) might differ in a low-volatility versus high-volatility scenario for a one-month at-the-money call option:

• Calm Market (IV ~25%) – Premium of about $1.50 for a 30-day call option, which equates to roughly a 7% annualized yield on the position.
• Volatile Market (IV ~55%) – Premium of about $4.50 for the same 30-day call, roughly a 21% annualized yield.

As you can see, that’s the power of implied volatility. You’re not just riding the stock’s price moves — you’re getting paid for the uncertainty. In a volatile market, the income from selling calls is substantially higher because investors are willing to pay more for the option when big swings are expected.

How Market Events Can Shift IV (and Your Income)

Implied volatility isn’t static; it ebbs and flows with market events and sentiment. This is especially true for single-stock covered call ETFs, which are tightly linked to the volatility of their underlying stock. For example, a covered call ETF focused on a single company (like those writing calls on Tesla, NVIDIA, Coinbase, or MicroStrategy) will see its option income stream rise and fall as the stock’s IV changes. Major events that can rapidly shift implied volatility include:

• Earnings reports: A company’s quarterly earnings announcement can send uncertainty soaring or plummeting, as traders brace for a big move or react to results.
• Federal Reserve or economic news: Commentary on interest rates or economic data can affect market volatility broadly, which feeds into individual stocks as well.
• News headlines about the company/industry: A sudden piece of good or bad news (like a product launch, lawsuit, or geopolitical development) can change how volatile investors expect the stock to be.
• Social media or CEO actions: Yes, really — a single tweet or an unexpected CEO interview can stir up the market’s expectations for volatility, especially for companies known to have outspoken leaders.

Unlike a broad index fund (where volatility of many stocks averages out), a single-stock strategy feels the full force of these volatility swings. The upside is that when volatility spikes due to an event, a covered call fund can monetize that by selling higher-premium options. The downside is that volatility (and income) can drop just as quickly when the storm passes.

It’s Not Just About Yield — It’s About Timing, Too

Implied volatility is a moving target. It tends to rise before big events (for instance, in the days leading up to an earnings call) as traders anticipate potential fireworks, and then fall after the event once the uncertainty is resolved. This pattern creates opportunities for option income strategies, but capitalizing on it requires smart timing and active management:

• Sell options when IV is high: Premiums are richest when volatility expectations are elevated. An options income strategy can take advantage of this by writing calls (or puts) before a known event or during market turbulence, locking in higher income.
• Adjust or “roll” when IV drops: After the event passes or the market calms down, implied volatility often deflates (along with option premiums). At that point, it may make sense to buy back options at a cheaper price and possibly roll into a future contract, or simply hold off until volatility picks up again. Active management helps in capturing the gain from the drop in IV.
• Don’t chase yield in low-IV environments: When the market is calm and IV is very low, option premiums will be small. It can be tempting to stretch for income, but selling options during these lulls might not be worth the risk (since you’re not getting paid much). It’s okay for an income strategy’s yield to dip temporarily when volatility is low, rather than reaching for extra yield by taking on too much risk.

This is where a rules-based, actively managed strategy can shine — harvesting volatility premium when it’s most attractive and stepping back when volatility (and premiums) are thin. In other words, timing matters: a good options income strategy will try to sell into strength (high IV) and stay patient during calm periods.

The Bottom Line: Implied Volatility = The Yield Engine

If you’re using a covered call ETF or any option-selling strategy to generate income on stocks you own, implied volatility is the fuel behind the strategy’s yield. It’s not just a statistic on a quote screen — it’s the key to understanding:

• Why your option income can fluctuate from month to month.
• How to compare one covered call fund’s performance or strategy to another (higher IV stocks/funds vs. lower IV ones).
• When a strategy might be tactically overweight or underweight volatility (taking on more or less volatility exposure than usual).

When you understand implied volatility, you unlock a smarter, more adaptable approach to generating income. Armed with this knowledge, you can better appreciate the trade-offs of your options income strategy and make informed decisions to maximize your returns while managing risk.

The post Why Implied Volatility Matters for Your Options Income Strategy appeared first on REX Shares.

Miami – December 4, 2024 – REX Financial (“REX”), a leader in innovative exchange-traded products, today announces the launch of the REX Crypto Equity Premium Income ETF (Nasdaq: CEPI). CEPI aims to provide investors exposure to leading cryptocurrency (crypto) companies while generating an enhanced monthly income using an advanced covered call strategy.

CEPI provides investors unique access to the top 25 U.S. crypto-related companies through the BITA Crypto Assets & Digital Payments Index, including those that operate in crypto mining, trading, custody, blockchain technology development, and the creation of digital payment solutions. CEPI executes an out-of-the-money call writing strategy across the individual stocks within the index, balancing the potential for income generation and price appreciation. This innovative approach is designed to help investors better capitalize on the cryptocurrency sector’s volatility and upside potential.

CEPI joins REX’s lineup as the firm’s third covered call ETF, following the flagship FANG & Innovation Equity Premium Innovation ETF (Nasdaq: FEPI) and the REX AI Equity Premium Income ETF (Nasdaq: AIPI). Since its launch a year ago, FEPI and AIPI have accumulated over $500 million in assets under management and offers an annualized distribution rate* of 25.2% and 34.8% respectively (as of 11/25/24) and a 30-day SEC yield** of -0.09% and -0.18% (as of 10/31/24).

“Crypto is transforming financial ecosystems and creating unique investment opportunities. With CEPI, we’re applying our targeted covered call strategy to the sector’s most disruptive companies, creating new opportunities for income generation,’ said Greg King, CEO of REX Financial. “We remain committed to building first-of-their-kind tools to help traders and investors harness opportunities in the market.”

For more information on REX Financial or CEPI, please visit rexsharestg.wpengine.com

Prospectus for FEPI: Click here

Standardized Performance for FEPI: Click here

Prospectus for AIPI: Click here

Standardized Performance for AIPI: Click here

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. An investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. For standardized fund performhttps://www.rexshares.com/wp-content/uploads/2024/05/rex-ai-equity-premium-income-etf-prospectus_v1.pdfance rexsharestg.wpengine.com

*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. For full details on the composition of distributions, please refer to the latest 19a-1 notice.

**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 AI Equity Premium Income ETF and the REX FANG & Innovation Equity Premium Income ETF have a gross expense ratio of 0.65%. Distributions are not guaranteed.

About REX Financial:

REX Financial is an innovative ETP provider specializing in alternative-strategy ETFs and ETNs, with $9 billion in assets under management. REX is renowned for creating MicroSectorsTM and co-creating the T-REX product lines of leveraged and inverse tools for traders and recently launched a series of option-based income strategies.

For media inquiries, please contact:

Gregory FCA for REX Shares

rexshares@gregoryfca.com

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. The Fund’s prospectus and summary prospectus contain this and other information about REX Shares. To obtain a Fund’s prospectus and summary prospectus call 1-844-802-4004. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Important Risks

Industry Concentration Risk. In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or industry group. To the extent that the Index concentrates in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent.

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.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent to which the Fund participates in the positive price returns of the individual stocks comprising the Index and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods.

Crypto Asset Risk. The Fund has exposure to the crypto asset platforms as a result of the Index attempting to reflect generally the performance of the price of Bitcoin before payment of its expenses and liabilities. A crypto asset operates without central authority or banks and is not backed by any government. Crypto assets are often referred to as a “virtual asset” or “digital asset,” and operate as a decentralized, peer-to-peer financial trading platform and value storage that is used like money. A crypto asset is also not a legal tender. Federal, state or foreign governments may restrict the use and exchange of a crypto asset, and regulation in the U.S. is still developing. Further, the spot markets for crypto assets are fragmented and lack regulatory compliance and/or oversight. Crypto asset platforms may stop operating or permanently shut down due to fraud, technical glitches, hackers or malware. The Fund’s indirect exposure to crypto assets such as Bitcoin may be affected by the high volatility associated with such crypto asset exposure. Future regulatory actions or policies may limit the ability to sell, exchange or use crypto assets, thereby impairing their prices. Crypto asset trading platforms on which Bitcoin trades, and which may serve as a pricing source for valuation of spot Bitcoin held by the Index may be subject to enforcement actions by regulatory authorities.

Technology Industry Risk. The stock prices of technology and technology-related companies and, therefore, the value of the Fund, may experience significant price movements as a result of intense market volatility, worldwide competition, consumer preferences, product compatibility, product obsolescence, government regulation, excessive investor optimism or pessimism, or other factors.

Index: The BITA Crypto Assets and Digital Payments Index (the “Index”) is a rules-based composite index that tracks the market performance of 25 companies, listed on recognized exchanges based in the US, that are actively engaged in crypto-related activities such as cryptocurrency mining, trading, custody, blockchain technology development, and the creation of digital payment solutions. The Index is weighted by modified free float market capitalization and is reconstituted quarterly and rebalanced monthly, providing a dynamic reflection of market trends..

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.

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

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In October 2023, REX Shares proudly launched the REX FANG & Innovation Equity Premium Income ETF, FEPI, marking a new era for income-focused investors. Designed to provide exposure to 15 of the largest U.S. technology companies, FEPI combines the growth potential of large-cap tech with a covered call strategy that focuses on single stock options to help provide income.

Big Tech in Review

As we mark FEPI’s one-year birthday, it’s worth reflecting on the market forces that shaped the tech sector over the past year. Since FEPI’s inception in October of 2023, the tech sector saw strong growth, driven by the AI boom led by companies like NVIDIA¹. However, by late summer 2024, the sector faced challenges as uncertainty around Federal Reserve interest rate decisions, geopolitical tensions in the Middle East, and the upcoming U.S. elections triggered broader market downturns. These headwinds have slowed the market’s momentum and heightened the recent historically suppressed volatility.

¹NVIDIA has a 7.35% weighting in FEPI as of 10/09/2024.

²Bloomberg as of 10/1/24. Past performance and is no guarantee of future results Index performance is not illustrative of fund performance. One cannot invest directly in an index.

How FEPI Navigated the Market
Amid these market fluctuations, FEPI demonstrated its resilience by capitalizing on opportunities within the tech sector while maintaining a focus on income generation through its covered call strategy. Investors seeking returns found value in FEPI’s approach, which positioned it to perform even as broader market uncertainties loomed.

Sustaining Distributions

While maintaining NAV is important, the key driver of FEPI’s strategy has been its monthly distributions. Despite market headwinds, FEPI has delivered payouts through its covered call strategy. We believe this approach may not only generate reliable income but also offers a buffer against market volatility.

FEPI has maintained an average distribution rate of 25.20%^* and a 30-Day SEC yield of -0.18%^**, even as its NAV fluctuated with broader market trends.

^*As of 9/25/2024. ^**As of 9/30/2024

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. Click here for standardized performance. Find the FEPI prospectus here.

*As of 09/25/2024. 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 consist of 99.54% estimated return of capital (ROC). For full details on the composition of distributions, please refer to the latest 19a-1 notice.

**As of 9/30/2024 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.

FEPI’s Impressive AUM Achievement

FEPI was the fourth fastest U.S. covered call ETF to surpass $100 million in AUM. Now, nearly a year after its launch, the fund has reached an impressive $389 million in assets under management.

^1,2Bloomberg as of 10/1/24

The Path Ahead

As FEPI celebrates its first birthday, the fund has delivered both strong growth and consistent income for investors. Through impressive distributions and achievements, FEPI quickly became a standout in the covered call ETF space as the fund offered exposure to domestic innovation and income.

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] or call 1-844-802-4004.

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.

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

The post FEPI: One Year In appeared first on REX Shares.

Initial Performance:

In just under four months, AIPI has demonstrated its ability to effectively balance income and growth by producing consistent income without sacrificing NAV appreciation. 

*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 may include return of capital (ROC). For full details on the composition of distributions, please refer to the latest 19a-1 notice.

**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 AI 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.

Interested in Learning More? If you’re curious about AIPI’s approach, book a meeting with our team for a deeper understanding of the AIPI strategy. 

Standardized performance can be found here.

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The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 1-844-802-4004 or visit the Fund’s website at AIPI – REX Shares.

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.

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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 in the Funds.

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

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.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. 

NAV Erosion Risk. Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may significantly erode the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. 

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. 

FLEX Options Risk. The Fund may invest in FLEX Options issued and guaranteed for settlement by The Options Clearing Corporation (“OCC”). The Fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. 

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. 

Associated Risks Related to Investing in Artificial Intelligence. Artificial Intelligence typically faces intense competition and potentially rapid product obsolescence. These companies are also heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. There can be no assurance these companies will be able to successfully protect their intellectual property to prevent the misappropriation of their technology, or that competitors will not develop technology that is substantially similar or superior to such companies’ technology. Artificial Intelligence typically engages in significant amounts of spending on research and development and mergers and acquisitions, and there is no guarantee that the products or services produced by these companies will be successful. Artificial Intelligence is a potential target for cyberattacks, which can have a materially adverse impact on the performance of these companies. In addition, artificial intelligence technology could face increasing regulatory scrutiny in the future, which may limit the development of this technology and impede the growth of companies that develop and/or utilize this technology. Similarly, the collection of data from consumers and other sources could face increased scrutiny as regulators consider how the data is collected, stored, safeguarded and used. Artificial Intelligence may face regulatory fines and penalties, including potential forced break-ups, that could hinder the ability of the companies to operate on an ongoing basis. The customers and/ or suppliers of Artificial Intelligence may be concentrated in a particular country, region or industry. Any adverse event affecting one of these countries, regions or industries could have a negative impact on Artificial Intelligence. Country, government, and/or region-specific regulations or restrictions could have an impact on Artificial Intelligence. 

Technology Industry Risk. The stock prices of technology and technology-related companies and, therefore, the value of the Fund, may experience significant price movements as a result of intense market volatility, worldwide competition, consumer preferences, product compatibility, product obsolescence, government regulation, excessive investor optimism or pessimism, or other factors. 

Index: The BITA AI Leaders Select Index is a rules-based composite index that tracks the market performance of companies, listed on recognized exchanges based in the US, that are at the forefront of AI technologies. The final BITA AI Leaders Select Index is calculated by aggregating the “Purity Leaders” and “Key Enablers” categories and weighting them in a fixed proportion of 40% and 60%respectively. The index is rebalanced monthly and reconstituted quarterly. 

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

The post AIPI Reaches $50M Milestone appeared first on REX Shares.

Greg King, Founder of REX Shares, and also the CEO of Osprey Funds, will lead REX Financial as CEO. Scott Acheychek, previously CEO of REX Shares, who oversaw the successful relaunch of REX’s ETF business and an 8-year veteran of the firm, will take on the role of Chief Operating Officer for REX Financial.

• Greg King stated, “This new phase in our company’s journey underscores our commitment to simplifying our product offerings while amplifying our impact in the industry. We will be expanding internationally, making some key hires, and continuing to invest to expand our US footprint.”

For more information about REX Financial and its comprehensive range of investment solutions, please visit our website at www.rexfin.com

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For media inquiries, please contact:

Gregory FCA for REX Shares

rexshares@gregoryfca.com

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the T-REX ETFs please call 844-802-4004 or visit our website at rexshares.com. Read the prospectus and summary prospectus carefully before investing. Investing involves risk. Principal loss is possible.

The REX Shares ETFs are distributed by Foreside Fund Services, LLC

The post REX Shares Forms New Organizational Structure, Surpasses $5 Billion in AUM With Founder/CEO Greg King at the Helm, REX Embarks on Further Expansion appeared first on REX Shares.

Miami – June 4, 2024 – REX Shares (“REX”), a leader in exchange-traded products, today announces the launch of the REX AI Equity Premium Income ETF (Nasdaq: AIPI). AIPI is designed to provide investors exposure to leading AI companies while aiming for an enhanced monthly income* using an advanced covered call strategy.

AIPI grants investors access to top U.S. artificial intelligence (AI) technology companies through the BITA Leaders Select Index, which includes pioneers in AI hardware, software, infrastructure, and services. Utilizing a covered call strategy, AIPI sells out-of-the-money call options to help generate income from premiums which also allows for potential appreciation in the AI sector, making AIPI an attractive option for growth and income investors.

AIPI marks REX’s second venture into covered call ETFs, building on the momentum of the FANG & Equity Premium Innovation Index ETF (Nasdaq: FEPI), which has accumulated over $225 million in assets under management since inception in October.

“The AI revolution is transforming every industry and presents vast investment potential. Building on our success with our covered call FANG & Innovation ETF (ticker: FEPI), we launched AIPI to allow investors to capitalize on these advancements owning the stocks while using options to provide a potential income stream,” said Scott Acheychek, COO of REX Shares. “We are excited to be working with BITA on this product for the underlying index. This strategy leverages the growth potential of key AI stocks and seeks to deliver monthly income from companies that typically do not pay dividends, potentially serving as a downside hedge during market dips. AIPI exemplifies REX Shares’ commitment to innovating the covered call ETF landscape with specialized, options-based strategies that seek to address investor needs of potential NAV growth & income.”

For more information on REX Shares or AIPI, please visit rexsharestg.wpengine.com

About REX Shares:

REX is an innovative ETF provider specializing in alternative-strategy ETFs and ETNs. The firm created 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 in building solutions for investor and trader portfolios.

For media inquiries, please contact:

Gregory FCA for REX Shares

rexshares@gregoryfca.com

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. The Fund’s prospectus and summary prospectus contain this and other information about REX Shares. To obtain a Fund’s prospectus and summary prospectus call 844-802-4004. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Important Risks

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.

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.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent to which the Fund participates in the positive price returns of the individual stocks comprising the Index and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods.

Technology Industry Risk. The stock prices of technology and technology-related companies and, therefore, the value of the Fund, may experience significant price movements as a result of intense market volatility, worldwide competition, consumer preferences, product compatibility, product obsolescence, government regulation, excessive investor optimism or pessimism, or other factors.

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. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

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.

Index: BITA AI Leaders Select Index is a rules-based composite index that tracks the market performance of companies, listed on recognized exchanges based in the US, that are at the forefront of AI technologies.

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.

The REX Shares ETFs are distributed by Foreside Fund Services, LLC, not affiliated with Rex Shares, LLC, or its affiliates. .

*The fund intends to make distributions, if any, on a monthly basis. 

The post REX Shares Launches New Covered Call ETF Targeting AI Market Leaders for Enhanced Income Opportunities appeared first on REX Shares.

Our investment strategies are robustly designed and rules-based, firmly ensuring that the transition will not impact the management and performance of the fund. Rex Advisors continues to lead with a strong commitment to the stability and integrity of our investment processes. The departure of a team member from our sub-advisor does not affect our ability to effectively manage the fund or our ongoing promise to deliver consistent results.

Thank you for your continued trust and partnership. We at Rex Advisors are dedicated to maintaining the high standards you expect and trust us to uphold.

The post Statement About Changes to FEPI Sub Advisory Team appeared first on REX Shares.