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FEPIREX FANG & Innovation Equity Premium Income ETF

Get income2y track recordRanked #655 of 1,650 in this goal

Seeks capital appreciation and current income.

By Rex · Launched 2023

Annual Cost

0.65%

#3,433 of 5,861 · average

Fund Size

$684M

#1,377 of 5,861 · large

Dividend YieldGoal

1.72%

Track Record

2 years

#3,149 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,081+10.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Solactive FANG Innovation Index

What it actually holds

By weight

Concentration

Top 10 holdings = 61.0% of fundconcentrated

MICRON TECHNOLOGY, INC.
8.4%
META PLATFORMS, INC.
7.8%
ADVANCED MICRO DEVICES, INC.
7.3%
ALPHABET INC.
6.9%
TESLA, INC.
6.6%
BROADCOM INC.
6.4%
APPLE INC.
4.4%
NVIDIA CORPORATION
4.4%
MICROSOFT CORPORATION
4.4%
PALANTIR TECHNOLOGIES INC.
4.4%

Asset allocation

Stocks
98.5%
Cash
1.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
19.4%Moderate

Year-on-year price swings

Max drawdown
-23.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks capital appreciation and current income.
Strategy
Actively managed ETF targeting current income and exposure to the Solactive FANG Innovation Index. Utilizes a covered call strategy to generate income from option premiums while maintaining equity exposure.
Inception date
October 11, 2023
Fund family
Rex

Our take

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

Covered call
Warning

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