FEPI ETF — REX FANG & Innovation Equity Premium Income ETF
REX FANG & Innovation Equity Premium Income ETF (FEPI)
FEPI is an ETF that tracks the Basket (FANG & innovation equities). As of August 19, 2026, its distribution rate is 25.47%, its trailing-12-month yield is 26.44%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Fund total return is 61.9% over the past 2.9 years, 20.0 points behind SPY at 81.9%.
At the current 25.47% distribution rate, a $10,000 investment would generate approximately $2,547 per year, or $212.25 per month on an equivalent basis. Actual weekly payments vary.
REX FANG & Innovation Equity Premium Income 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
Data as of August 19, 2026.
The distribution rate (25.47%) is the latest posted forward yield, paid weekly. Trailing-12-month yield (26.44%) is the last year of payments divided by the current price. The 30-day SEC yield is -0.32%. The last dividend was $0.2047. The last ex-dividend date was 08/19/2026. It was paid on 08/20/2026. At 25.47%, $10,000 would generate about $2,547 a year ($212.25 monthly-equivalent).
| Ex-date | Amount | vs year-ago payment |
|---|---|---|
| 2026-08-12 | $0.203 | -79.2% |
| 2026-08-05 | $0.195 | -79.9% |
| 2026-07-29 | $0.192 | -80.2% |
| 2026-07-22 | $0.198 | -79.6% |
| 2026-07-15 | $0.203 | -79.1% |
| 2026-07-08 | $0.206 | -78.6% |
| 2026-07-01 | $0.209 | -78.3% |
| 2026-06-24 | $0.205 | -78.7% |
| 2026-06-17 | $0.213 | -77.9% |
| 2026-06-10 | $0.213 | -77.0% |
| 2026-06-03 | $0.225 | -75.7% |
| 2026-05-27 | $0.222 | -76.0% |
| 2026-04-22 | $0.904 | 9.7% |
| 2026-03-25 | $0.868 | -8.1% |
| 2026-02-25 | $0.883 | -10.0% |
| 2026-01-28 | $0.955 | -8.7% |
| 2025-12-24 | $0.984 | -9.1% |
| 2025-11-25 | $0.959 | -12.6% |
| 2025-10-29 | $1.041 | -3.4% |
| 2025-09-24 | $0.997 | -8.7% |
| 2025-08-27 | $0.975 | -9.6% |
| 2025-07-23 | $0.971 | -10.8% |
| 2025-06-25 | $0.962 | -16.3% |
| 2025-05-28 | $0.926 | -20.2% |
| 2025-04-23 | $0.824 | -24.6% |
| 2025-03-26 | $0.944 | -20.6% |
| 2025-02-26 | $0.981 | -17.3% |
| 2025-01-29 | $1.046 | -12.5% |
| 2024-12-24 | $1.083 | -8.1% |
| 2024-11-26 | $1.097 | -4.6% |
| 2024-10-24 | $1.078 | — |
| 2024-09-26 | $1.092 | — |
| 2024-08-27 | $1.079 | — |
| 2024-07-26 | $1.089 | — |
| 2024-06-25 | $1.15 | — |
| 2024-05-23 | $1.161 | — |
| 2024-04-23 | $1.093 | — |
| 2024-03-26 | $1.189 | — |
| 2024-02-26 | $1.186 | — |
| 2024-01-24 | $1.195 | — |
| 2023-12-26 | $1.178 | — |
| 2023-11-27 | $1.15 | — |
| 2023 total | $2.328 | — |
| 2024 total | $13.492 | 479.6% |
| 2025 total | $11.61 | -13.9% |
| 2026 YTD total | $6.094 | -20.1% |
FEPI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -12.82%. That is the seasonality-immune income comparison, not a single quarterly check versus the prior quarter. An annualized trend fit on recent payments is -25.63%. That fit can move with uneven quarterly amounts and is not the same as a trailing-12-month cut. The deepest trailing-12-month payout decline in the past five years is -7.86%.
| Window | Change |
|---|---|
| 1Y | -8.5% |
FEPI performance versus SPY
Data as of August 19, 2026.
Fund total return is 61.9% over the past 2.9 years, 20.0 points behind SPY at 81.9%. Its deepest 1-year drawdown was 15.0%.
| Window | Total return | CAGR |
|---|---|---|
| Since inception (2.9 years) | 61.9% | 18.40% |
FEPI key facts
Data as of August 19, 2026.
- Distribution Safety Score™
- 82 · Safe
- Safety-Adjusted Yield
- 20.89%
- Issuer
- REX Shares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/11/2023
- Expense ratio
- 0.65%
- Distribution rate
- 25.47%
- Distribution frequency
- Weekly
- Trailing yield
- 26.44%
- 30-day SEC yield
- -0.32%
- Last close
- $41.80
- AUM
- $694,467,134
- Average volume
- 125426.0
- Last dividend
- $0.2047
- Ex-dividend date
- 08/19/2026
- Payment date
- 08/20/2026
- Beta
- 1.1684
- P/E ratio
- 30.607
How Dividend Vision calculates yield and returns
Distribution rate (25.47%) 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 (26.44%) 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. The 30-day SEC yield (-0.32%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.
Distribution rate methodology · Distribution Safety Score methodology · SEC yield
Sources and review
Data as of August 19, 2026.
Primary sources: REX Shares fund 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
FEPI may suit someone looking for a high Distribution Safety Score. 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 index does FEPI track?
FEPI tracks the Basket (FANG & innovation equities).
What is FEPI's expense ratio?
FEPI's expense ratio is 0.65%.
What is FEPI's dividend yield?
FEPI currently yields 25.47%, paid weekly, with a 0.65% expense ratio.
How has FEPI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -12.82%. That is not a single quarter versus the prior quarter.
When does FEPI pay a dividend?
FEPI pays weekly. The last dividend was $0.2047. The last ex-dividend date was 08/19/2026. It was paid on 08/20/2026.
How has FEPI performed?
Fund total return is 61.9% over the past 2.9 years, 20.0 points behind SPY at 81.9%. Its deepest 1-year drawdown was 15.0%.
Is FEPI a good investment?
FEPI's Dividend Vision Distribution Safety Score is 82 (Safe). That is a risk signal, not investment advice. It currently yields 25.47%. Compare peers below rather than treating any single figure as a buy or sell.
More funds from REX Shares.
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