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ULTIREX IncomeMax Option Strategy ETF

Get incomeNewRanked #1,306 of 1,650 in this goal

Seeks current income and exposure to the share price of select U.S.-listed securities.

By Rex · Launched 2025

Annual Cost

1.32%

#5,639 of 5,861 · expensive

Fund Size

$39M

#3,881 of 5,861 · mid-size

Dividend YieldGoal

—

Track Record

10 months

#4,821 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$4,941-50.6%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 53.6% of fundmoderately concentrated

First American Government Obli
7.3%
Firefly Aerospace Inc
5.7%
Lumentum Holdings Inc
5.3%
Affirm Holdings Inc
5.2%
Fastly Inc
5.1%
AST SpaceMobile Inc
5.0%
Unusual Machines Inc /US
5.0%
Intuitive Machines Inc
5.0%
Lemonade Inc
5.0%
Nebius Group NV
5.0%

Asset allocation

Stocks
89.0%
Cash
11.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
108.2%High

Year-on-year price swings

Max drawdown
-96.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.49Below average
Sortino (3Y)
-0.54Moderate downside risk

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks current income and exposure to the share price of select U.S.-listed securities.
Strategy
Actively managed ETF that seeks current income by investing in U.S.-listed equity securities and generating income through an Options Strategy. The Fund utilizes options contracts on Underlying Securities to provide synthetic exposure and generate premium income, while managing risk through various strategies.
Inception date
October 30, 2025
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