REX FANG & Innovation Equity Premium Income ETF
FEPI
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1241 Post Road Fairfield WY United States of America 6824
- IPO Date
- Oct 11, 2023
- CIK
- 0000726516
- Website
- rexshares.com
- Similar Companies
- Business
- REX FANG & Innovation Equity Premium Income ETF (FEPI) is an actively managed exchange-traded fund that seeks capital appreciation and current monthly income by investing in the 15 equally weighted securities comprising the Solactive FANG Innovation Index while writing out-of-the-money covered call options on those holdings; proceeds from the options are invested in money market instruments. The index consists of eight core large-cap U.S. technology stocks—Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOGL), Meta Platforms Inc. (META), Microsoft Corp. (MSFT), Netflix Inc. (NFLX), NVIDIA Corp. (NVDA), and Tesla Inc. (TSLA)—plus the seven most liquid technology names by average daily trading volume, rebalanced monthly and reconstituted quarterly. The fund targets income-focused investors seeking exposure to high-growth technology companies with enhanced yield potential, though distributions may include return of capital, which can erode net asset value over time; it features a gross expense ratio of 0.65%, approximately $586 million in assets under management, and trades on the Nasdaq Stock Market. FEPI was launched on October 9, 2023, and is issued by REX Shares, LLC, a Miami-based provider of alternative-strategy exchange-traded products including the MicroSectors and T-REX leveraged and inverse suites, as part of ETF Opportunities Trust. The fund operates primarily in the United States, with holdings concentrated in U.S.-listed technology equities across large-cap growth segments. In October 2025, REX Shares expanded internationally by partnering with HANetf to launch a UCITS-compliant European counterpart to FEPI—the REX Tech Innovation Premium Income UCITS ETF (also ticker FEPI)—listed on the London Stock Exchange, Deutsche Boerse, and Borsa Italiana, mirroring the U.S. fund's covered call strategy on a similar technology basket with a 0.65% TER. This strategic alliance marks REX Shares' entry into the European market via HANetf's white-label platform, alongside two other covered call ETFs: REX Tech Innovation Income & Growth UCITS ETF (FEGI) and REX Crypto Equity Income & Growth UCITS ETF (CEGI). No major acquisitions, funding rounds, or product launches beyond this European expansion have been reported for FEPI in the last 1-2 years.