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AIPIREX AI Equity Premium Income ETF

Get income2y track recordRanked #717 of 1,622 in this goal

Seeks capital appreciation and current income.

By Rex · Launched 2024

Annual Cost

0.65%

#3,297 of 5,562 · average

Fund Size

$438M

#1,677 of 5,562 · large

Dividend YieldGoal

0.66%

Track Record

2 years

#3,606 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,327+23.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

Index tracked

BITA AI Leaders Select Index

What it actually holds

By weight

Concentration

Top 10 holdings = 54.9% of fundmoderately concentrated

PALANTIR TECHNOLOGIES INC.
9.7%
NVIDIA CORPORATION
9.7%
CROWDSTRIKE HOLDINGS, INC.
9.6%
Arm Holdings PLC
4.6%
DATADOG, INC.
4.3%
BROADCOM INC.
3.6%
ALPHABET INC.
3.5%
CISCO SYSTEMS, INC.
3.3%
SYNOPSYS, INC.
3.3%
INTEL CORPORATION
3.3%

Asset allocation

Stocks
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.7%Moderate

Year-on-year price swings

Max drawdown
-25.3%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

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

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

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 2026-06-19