AIPIREX AI Equity Premium Income ETF
Seeks capital appreciation and current income.
By Rex · Launched 2024
0.65%
#3,433 of 5,861 · average
$419M
#1,744 of 5,861 · large
2.72%
2 years
#3,517 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
BITA AI Leaders Select Index
What it actually holds
By weightConcentration
Top 10 holdings = 54.9% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks capital appreciation and current income.
- Strategy
- Invests primarily in securities of companies in the BITA AI Leaders Select Index. Employs a covered call strategy to generate income while maintaining exposure to the underlying stocks.
- Inception date
- June 3, 2024
- Fund family
- Rex
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04