FEPI ETF — REX FANG Covered Call ETF
REX FANG Covered Call ETF (FEPI)
Updated October 2, 2026.
FEPI is an ETF linked to Basket (FANG & innovation equities). its distribution rate is 24.96%, its trailing-12-month yield is 24.34%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 69/100 (Generally safe). Total return is 73.2% over the past 3 years, 9.7 points behind SPY at 82.9%.
At the current 24.96% distribution rate, a $10,000 investment would generate approximately $2,496 per year. Actual weekly payments vary.
REX FANG Covered Call ETF is an actively managed equity ETF that generates income by selling covered calls on a basket of FANG and innovation-focused stocks while retaining growth exposure. The fund distributes a high current income rate weekly, with an expense ratio of 0.65%. It appeals to income-focused investors seeking regular distributions from technology and growth-oriented equities, though the covered call strategy caps upside potential.
FEPI dividend yield and income
Price as of 2026-10-02.
The distribution rate (24.96%) is the latest posted forward yield, paid weekly. Trailing-12-month yield (24.34%) is the last year of payments divided by the current price. The last dividend was $0.2074. The last ex-dividend date was 09/30/2026. It was paid on 10/01/2026. At the current 24.96% distribution rate, a $10,000 investment would generate approximately $2,496 per year. Actual weekly payments vary.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-30 | $0.2074 100.0% est. ROC | -1.5% |
| 2026-09-23 | $0.2105 | 3.0% |
| 2026-09-16 | $0.2044 | -0.9% |
| 2026-09-09 | $0.2063 | 0.5% |
| 2026-09-02 | $0.2052 | 2.6% |
| 2026-08-26 | $0.2 | -2.3% |
| 2026-08-19 | $0.2047 | 0.9% |
| 2026-08-12 | $0.2029 | 3.8% |
| 2026-08-05 | $0.1954 | 1.8% |
| 2026-07-29 | $0.192 | -3.0% |
| 2026-07-22 | $0.198 | -2.5% |
| 2026-07-15 | $0.203 | -1.5% |
| 2026-07-08 | $0.206 | -1.4% |
| 2026-07-01 | $0.209 | 2.0% |
| 2026-06-24 | $0.205 | -3.8% |
| 2026-06-17 | $0.213 | 0.0% |
| 2026-06-10 | $0.213 | -5.3% |
| 2026-06-03 | $0.225 | N/A |
| 2026-05-27 | $0.222 | -75.4% |
| 2026-04-22 | $0.904 | 4.1% |
| 2026-03-25 | $0.868 | -1.7% |
| 2026-02-25 | $0.883 | -7.5% |
| 2026-01-28 | $0.955 | -2.9% |
| 2025-12-24 | $0.984 | 2.6% |
| 2025-11-25 | $0.959 | -7.9% |
| 2025-10-29 | $1.041 | 4.4% |
| 2025-09-24 | $0.997 | 2.3% |
| 2025-08-27 | $0.975 | 0.4% |
| 2025-07-23 | $0.971 | 0.9% |
| 2025-06-25 | $0.962 | 3.9% |
| 2025-05-28 | $0.926 | 12.4% |
| 2025-04-23 | $0.824 | -12.7% |
| 2025-03-26 | $0.944 | -3.8% |
| 2025-02-26 | $0.981 | -6.2% |
| 2025-01-29 | $1.046 | -3.4% |
| 2024-12-24 | $1.083 | -1.3% |
| 2024-11-26 | $1.097 | 1.8% |
| 2024-10-24 | $1.078 | -1.3% |
| 2024-09-26 | $1.092 | 1.2% |
| 2024-08-27 | $1.079 | -0.9% |
| 2024-07-26 | $1.089 | -5.3% |
| 2024-06-25 | $1.15 | -0.9% |
| 2024-05-23 | $1.161 | 6.2% |
| 2024-04-23 | $1.093 | -8.1% |
| 2024-03-26 | $1.189 | 0.3% |
| 2024-02-26 | $1.186 | -0.8% |
| 2024-01-24 | $1.195 | 1.4% |
| 2023-12-26 | $1.178 | 2.4% |
| 2023-11-27 | $1.15 | — |
| 2023 total (partial launch year) | $2.328 | — |
| 2024 total | $13.492 | — |
| 2025 total | $11.61 | -13.9% |
| 2026 YTD total (cadence changed) | $7.5328 | -12.7% vs prior-year YTD |
FEPI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -11.5%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -7.86%.
| Window | Change |
|---|---|
| 1Y | -11.5% |
| 3Y | 0.0% |
| 5Y | 0.0% |
FEPI holdings and sector exposure
Holdings are not available for this snapshot.
FEPI performance versus SPY
Price and return data through 2026-10-02.
Total return is 73.2% over the past 3 years, 9.7 points behind SPY at 82.9%. Over the past year its total return — price change plus distributions reinvested — is 16.1%. Its deepest 1-year drawdown was 15.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 5.3% | — |
| 3M | 9.8% | — |
| 6M | 19.9% | — |
| YTD | 13.2% | — |
| 1Y | 16.1% | — |
| 2Y CAGR | — | 18.20% |
| Since inception (3 years) | 73.2% | 20.30% |
FEPI key facts
- Distribution Safety Score™
- 69 · Generally safe
- Safety-Adjusted Yield
- 17.22%
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/11/2023
- Expense ratio
- 0.65%
- Distribution rate
- 24.96%
- Distribution frequency
- Weekly
- Trailing yield
- 24.34%
- Last close
- $43.21 (as of 2026-10-02)
- AUM
- $727,432,690
- Average volume
- 209400.0
- Last dividend
- $0.2074
- Latest 19(a) ROC estimate
- 100.00%
- Last ex-dividend date
- 09/30/2026
- Last payment date
- 10/01/2026
- Beta
- 1.1684
- P/E ratio
- 29.0758
How Dividend Vision calculates yield and returns
Distribution rate (24.96%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (24.34%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: REX Shares or company page; Index: Basket (FANG & innovation equities); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FEPI risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 15.0%.
Who may consider FEPI — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
Compare FEPI
FEPI vs similar funds:
Frequently asked questions
Does FEPI pay monthly?
No. FEPI currently pays weekly, not monthly.
What is FEPI linked to?
FEPI is linked to Basket (FANG & innovation equities), not a broad market index.
What is FEPI's expense ratio?
FEPI's expense ratio is 0.65%.
What is FEPI's dividend yield?
FEPI's distribution rate is 24.96%, paid weekly, with a 0.65% expense ratio — the latest regular payout annualised, not a trailing 12-month yield (data as of October 2, 2026).
How has FEPI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -11.5%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does FEPI pay a dividend?
FEPI pays weekly. The last dividend was $0.2074. The last ex-dividend date was 09/30/2026. It was paid on 10/01/2026.
How has FEPI performed?
Total return is 73.2% over the past 3 years, 9.7 points behind SPY at 82.9%. Over the past year its total return — price change plus distributions reinvested — is 16.1%. Its deepest 1-year drawdown was 15.0%.
Is FEPI a good investment?
FEPI's Dividend Vision Distribution Safety Score is 69 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 24.96% (the latest regular payout annualised, not a trailing yield). Compare peers below rather than treating any single figure as a buy or sell.
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Holdings as-of date unavailable.
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