FEPI

REX FANG & Innovation Equity Premium Income ETF

QQQIssuer: REX SharesInception: January 1, 2022

5.1

Overall Score

Strategy & Profile

Concentrated tech covered call. Holds the 15 largest US technology and innovation stocks and writes covered calls on each position. Weekly distributions.

TTM Yield: ~7.2%

Strengths

  • ✓Direct exposure to mega-cap tech with income overlay
  • ✓Strong total return since inception
  • ✓Weekly income stream

Weaknesses

  • ✗Highly concentrated — 15 stocks only
  • ✗Tech sector risk
  • ✗Caps upside on high-growth names

Investor Profile

Tech-bullish income investors who want to monetize their tech exposure

Verdict

A compelling option for investors who believe in mega-cap tech and want income on top. Concentration risk must be accepted.

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Key Metrics

Expense Ratio

0.650%

Inception Date

January 1, 2022

Benchmark

QQQ

Category

Covered Call - Nasdaq 100

Distribution Frequency

Monthly

Maturity Rating

3/5 stars

Scores calculated using CoveredRank methodology. Every formula is published and reproducible.

See full methodology→

Disclaimer: CoveredRank provides independent educational content only. This is not financial advice. Please consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.