ULTIREX IncomeMax Option Strategy ETF
Seeks current income.
By Rex · Launched 2025
1.32%
#5,363 of 5,562 · expensive
$39M
#3,784 of 5,562 · small
—
8 months
#4,923 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 50.6% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks current income.
- Strategy
- Actively managed ETF that seeks current income and exposure to select U.S.-listed securities. Constructs a portfolio of U.S.-listed equity securities and generates income through an options portfolio, including options contracts on the Underlying Securities. The Fund may invest up to 10% in cash or U.S. Treasuries. The Adviser employs a quantitative screening process to evaluate factors like implied volatility and trading volume. The Fund may utilize synthetic exposure through options contracts on Underlying Securities to replicate price movements.
- Inception date
- October 30, 2025
- Fund family
- Rex
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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
What's next?
You've reviewed ULTI. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19