How much has AIPI paid over the last year?

Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting price in cash distributions, while the price fell 19.4%.

Is AIPI ahead of SPY?

Over the year to Oct 28, 2026, with every distribution reinvested, AIPI returned +15.5% against +13.6% for S&P 500 (SPY), so a holder was ahead of it by 1.9 points.

How often does AIPI pay, and how much?

AIPI pays weekly. The latest distribution annualizes to 34.3% at its price on Oct 28, 2026, which is not a promise; the next one can differ.

Is the AIPI distribution return of capital?

REX estimates 100% of the distribution paid Oct 8, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

When does AIPI next pay a distribution?

AIPI pays weekly. The last distribution went ex on Oct 28, 2026 at $0.2387 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.

The prospectus expense ratio is 0.65% a year.

How much of AIPI’s distribution is return of capital?

REX’s Rule 19a-1 notice estimates 100.0% of the distribution paid Oct 8, 2026 was return of capital. Across its notices for distributions paid Oct 8, 2026 to Oct 8, 2026, the estimate is 100.0%. The annual report for the fiscal year to May 31, 2026 puts it at 90.0% of distributions. Estimates come before the fund year closes and often change.

AIPI REX AI EQUITY PREMIUM INCOME ETF

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$36.22

−0.1% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

Over the year to Oct 28, 2026, AIPI paid 30.4% in cash and returned 15.5% in total, against 13.6% for SPY.

Why did AIPI return +44.7% against SPY’s +44.1%?Is AIPI’s payout of 34.3% a year sustainable?What do AIPI’s net flows of +$519m over the since Jun 2024 mean?

Covered call on SPY, paying weeklyREX ↗Expense ratio 0.65%Fund assets $490m on Oct 27, 2026First traded Jun 4, 2024Benchmark S&P 500 (SPY)Fund page at the issuer ↗SEC filings ↗Every REX fund ETFIQ covers Dividend history

Promise check: PartlyOver the year to Oct 28, 2026, AIPI paid 30.4% in cash and returned 15.5% in total, covering 51.0% of its payout.

Compare with…Trading costs Put to the committee askIQ about AIPI Add to portfolio Overlap Flows Alerts

AIPI risk and return scorecard

vs SPY · Jun 2024 to Oct 2026 · 123 weekly returns · dividend-adjusted

Short history · 28 months

AIPI +44.7%, SPY +44.1%, Jun 2024 to Oct 2026, distributions reinvested.

Return

MeasureAIPISPYEdge

Total return+44.7%+44.1%Tie

Annualized+16.9%+16.7%Tie

Price return−34.5%+40.0%SPY

Risk

MeasureAIPISPYEdge

Volatility21.3%14.8%SPY

Max drawdown−24.9%−16.9%SPY

Upside capture130.1%100.0%AIPI

Downside capture116.5%100.0%SPY

Risk-adjusted

MeasureAIPISPYEdge

Sharpe ratio0.640.83SPY

Sortino ratio0.921.27SPY

Alpha vs SPY

MeasureAIPISPYEdge

Alpha, a year−1.4%Not significant

Alpha t-stat−0.19

Beta to SPY1.221.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · May 31, 2026

12 months to May 31, 2026

+$164m

Since Jun 2024

+$519m

askIQ: what do these flows mean? ↗

What you earned

AIPI +0.1%, SPY +0.9%: total return over one month to Oct 28, 2026.

AIPI

+0.1%

SPY

+0.9%

Paid 3.3% in cash. Price −3.2%.

AIPI +19.0%, SPY +6.1%: total return over three months to Oct 28, 2026.

AIPI

+19.0%

SPY

+6.1%

Paid 9.7% in cash. Price +9.1%.

AIPI +18.5%, SPY +9.1%: total return over six months to Oct 28, 2026.

AIPI

+18.5%

SPY

+9.1%

Paid 15.9% in cash. Price +1.5%.

AIPI +18.6%, SPY +14.1%: total return over the year to Oct 28, 2026.

AIPI

+18.6%

SPY

+14.1%

Paid 24.9% in cash. Price −9.6%.

AIPI +15.5%, SPY +13.6%: total return over one year to Oct 28, 2026.

AIPI

+15.5%

SPY

+13.6%

Paid 30.4% in cash. Price −19.4%.

AIPI +58.9%, SPY +50.5%: total return since launch to Oct 28, 2026.

AIPI

+58.9%

SPY

+50.5%

Paid 67.1% in cash. Price −28.5%.

askIQ: why did AIPI return +15.5% against SPY’s +13.6%? ↗

What it paid

13 distributions · latest Oct 28, 2026

30.4%

Cash paid, 1 year, on its starting price

to Oct 28, 2026

Report

+15.5%

Total return, 1 year

to Oct 28, 2026

Report

+1.9 pts

Against SPY

to Oct 28, 2026

Report

100.0%

Return of capital, latest payout (REX estimate)

Report

$0.2387

Last payment (paid weekly), ex-date Oct 28, 2026

Report

Pays weekly.

askIQ: is AIPI’s payout of 34.3% a year sustainable? ↗

More on AIPI

Every number below is on this page. Open what you need.

Price and total return, 1 year

$36.22−0.1%1 day, priceClose, Oct 28, 2026

−20%−10%0%10%Total return +15.5%Price −19.4%

Oct 28, 2025Oct 28, 2026

Price −19.4%Total return +15.5%

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

AIPI returns by window: total return, cash paid and price change
Window	Total return	Cash paid	Price	SPY	Ahead or behind
1M Sep 28 – Oct 28, 2026	+0.1%	3.3%	−3.2%	+0.9%	−0.8 pts
3M Jul 29 – Oct 28, 2026	+19.0%	9.7%	+9.1%	+6.1%	+12.9 pts
6M Apr 29 – Oct 28, 2026	+18.5%	15.9%	+1.5%	+9.1%	+9.4 pts
YTD Dec 31, 2025 – Oct 28, 2026	+18.6%	24.9%	−9.6%	+14.1%	+4.5 pts
1Y Oct 28, 2025 – Oct 28, 2026	+15.5%	30.4%	−19.4%	+13.6%	+1.9 pts
Since launch Jun 4, 2024 – Oct 28, 2026	+58.9%	67.1%	−28.5%	+50.5%	+8.4 pts
Since launch, annualised Jun 4, 2024 – Oct 28, 2026	+21.3%	–	–	–	–

Total returns, distributions reinvested. Listed Jun 2024: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where the return came from

AIPI

+0.1%

SPY

+0.9%

0.8 pts behind SPY AIPI over 1 month: paid 3.3%, price −3.2%, total +0.1%, SPY +0.9%, −0.8 pts. Data to Oct 28, 2026. SPY +0.9% AIPI +0.1% 0.8 pts behind SPY Total return, distributions reinvested 0.8 pts behind SPY AIPI over 1 month: paid 3.3%, price −3.2%, total +0.1%, SPY +0.9%, −0.8 pts. Data to Oct 28, 2026. SPY +0.9% AIPI +0.1% 0.8 pts behind SPY Over the 1 month to Oct 28, 2026, AIPI returned +0.1% with distributions reinvested and S&P 500 (SPY) returned +0.9%, so a holder came out behind it by 0.8 points. The lighter segment is the 3.3% that arrived as cash rather than as price.

Price change −3.2%Cash paid +3.3%, reinvested−0.8 pts vs SPY

0.0%

AIPI

+19.0%

SPY

+6.1%

12.9 pts ahead of SPY AIPI over 3 months: paid 9.7%, price +9.1%, total +19.0%, SPY +6.1%, +12.9 pts. Data to Oct 28, 2026. SPY +6.1% AIPI +19.0% 9.7% of it arrived as cash 12.9 pts ahead of SPY Total return, distributions reinvested 12.9 pts ahead of SPY AIPI over 3 months: paid 9.7%, price +9.1%, total +19.0%, SPY +6.1%, +12.9 pts. Data to Oct 28, 2026. SPY +6.1% AIPI +19.0% 9.7% cash 12.9 pts ahead of SPY Over the 3 months to Oct 28, 2026, AIPI returned +19.0% with distributions reinvested and S&P 500 (SPY) returned +6.1%, so a holder came out ahead of it by 12.9 points. The lighter segment is the 9.7% that arrived as cash rather than as price.

Price change +9.1%Cash paid +9.7%, reinvested+12.9 pts vs SPY

AIPI

+18.5%

SPY

+9.1%

9.4 pts ahead of SPY AIPI over 6 months: paid 15.9%, price +1.5%, total +18.5%, SPY +9.1%, +9.4 pts. Data to Oct 28, 2026. SPY +9.1% AIPI +18.5% 15.9% of it arrived as cash 9.4 pts ahead of SPY Total return, distributions reinvested 9.4 pts ahead of SPY AIPI over 6 months: paid 15.9%, price +1.5%, total +18.5%, SPY +9.1%, +9.4 pts. Data to Oct 28, 2026. SPY +9.1% AIPI +18.5% 15.9% as cash 9.4 pts ahead of SPY Over the 6 months to Oct 28, 2026, AIPI returned +18.5% with distributions reinvested and S&P 500 (SPY) returned +9.1%, so a holder came out ahead of it by 9.4 points. The lighter segment is the 15.9% that arrived as cash rather than as price.

Price change +1.5%Cash paid +15.9%, reinvested+9.4 pts vs SPY

AIPI

+15.5%

SPY

+13.6%

1.9 pts ahead of SPY AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026. SPY +13.6% AIPI +15.5% 30.4% of it arrived as cash 1.9 pts ahead of SPY Total return, distributions reinvested 1.9 pts ahead of SPY AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026. SPY +13.6% AIPI +15.5% 30.4% as cash 1.9 pts ahead of SPY Over the 1 year to Oct 28, 2026, AIPI returned +15.5% with distributions reinvested and S&P 500 (SPY) returned +13.6%, so a holder came out ahead of it by 1.9 points. The lighter segment is the 30.4% that arrived as cash rather than as price.

Price change −19.4%Cash paid +30.4%, reinvested+1.9 pts vs SPY

0.0%

AIPI

+58.9%

SPY

+50.5%

8.4 pts ahead of SPY AIPI since launch: paid 67.1%, price −28.5%, total +58.9%, SPY +50.5%, +8.4 pts. Data to Oct 28, 2026. SPY +50.5% AIPI +58.9% 67.1% of it arrived as cash 8.4 pts ahead of SPY Total return, distributions reinvested 8.4 pts ahead of SPY AIPI since launch: paid 67.1%, price −28.5%, total +58.9%, SPY +50.5%, +8.4 pts. Data to Oct 28, 2026. SPY +50.5% AIPI +58.9% 67.1% as cash 8.4 pts ahead of SPY From launch to Oct 28, 2026, AIPI returned +58.9% with distributions reinvested and S&P 500 (SPY) returned +50.5%, so a holder came out ahead of it by 8.4 points. The lighter segment is the 67.1% that arrived as cash rather than as price.

Price change −28.5%Cash paid +67.1%, reinvested+8.4 pts vs SPY

0.0%

36.3

IQ Income ScoreETFIQ Distribution Coverage Score105th of 164 · Oct 28, 2026

0.3 · lowest of 164 income ETFs not writing on a single company99.7 · highest

How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed

AIPI paid 30.4% in cash over the year and returned 15.5% in total, less than it paid out.

total return as a share of the cash paid51.0% · 36th pct

All 164 ranked by this score →

Money in and out

Monthly data · as of May 31, 2026

AIPI: in the month to May 31, 2026, net $9.8m came in, by its SEC filing.

12 months

+$164m

55.5% of $295m on May 31, 2025
Jun 1, 2025 to May 31, 2026
monthly, from SEC filings

Since Jun 2024

+$519m

Jun 1, 2024 to May 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions AIPI files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is May 2026. Every day and month ETFIQ holds for AIPI, back to Jun 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare AIPI with other funds in the flows tool

Month by month, money in and money outJun 2024 to May 2026

in, up to +$65m

out, down to −$16mJun 2024May 2026

AIPI, money in and money out each month from Jun 2024 to May 2026: two bars a month, money in above the line and money out below. Every bar is from AIPI’s SEC filings (N-PORT item B.6). Of the 24 months listed, money came in on net in 22 and went out in 2.

Every bar is from AIPI’s SEC filings (N-PORT item B.6). Of the 24 months listed, money came in on net in 22 and went out in 2.

MonthInOutNet

May 2026 SEC Form N-PORT+$16.3m−$6.5m+$9.8m

Apr 2026 SEC Form N-PORT+$9.6m−$2.5m+$7.1m

Mar 2026 SEC Form N-PORT+$9.5m−$8.9m+$589k

Feb 2026 SEC Form N-PORT+$5.3m−$15.4m−$10.1m

Jan 2026 SEC Form N-PORT+$31.5m$0+$31.5m

Dec 2025 SEC Form N-PORT+$36.4m−$1.0m+$35.4m

Nov 2025 SEC Form N-PORT+$13.1m$0+$13.1m

Oct 2025 SEC Form N-PORT+$18.5m−$2.1m+$16.4m

Sep 2025 SEC Form N-PORT+$15.9m−$4.2m+$11.8m

Aug 2025 SEC Form N-PORT+$18.0m−$2.1m+$15.9m

Jul 2025 SEC Form N-PORT+$22.8m−$4.3m+$18.4m

Jun 2025 SEC Form N-PORT+$16.0m−$2.2m+$13.8m

May 2025 SEC Form N-PORT+$21.9m$0+$21.9m

Apr 2025 SEC Form N-PORT+$3.9m−$4.5m−$596k

Mar 2025 SEC Form N-PORT+$10.7m$0+$10.7m

Feb 2025 SEC Form N-PORT+$57.1m$0+$57.1m

Jan 2025 SEC Form N-PORT+$64.1m−$2.4m+$61.7m

Dec 2024 SEC Form N-PORT+$62.2m$0+$62.2m

Nov 2024 SEC Form N-PORT+$44.7m−$1.3m+$43.4m

Oct 2024 SEC Form N-PORT+$42.9m$0+$42.9m

Sep 2024 SEC Form N-PORT+$20.0m−$1.3m+$18.7m

Aug 2024 SEC Form N-PORT+$12.4m$0+$12.4m

Jul 2024 SEC Form N-PORT+$15.8m$0+$15.8m

Jun 2024 SEC Form N-PORT+$10.7m−$1.3m+$9.3m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of May 31, 2026. Updated when the fund files its next report.

AIPI key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$43.91 on Nov 3, 2025

52-week low, daily closes to Oct 28, 2026 (ETFIQ)$32.45 on Mar 30, 2026

Close on Oct 28, 2026, within that range (ETFIQ)$36.22, 33% of the way from the low to the high

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

AIPI return of capital and tax

Return of capital, latest notice (REX estimate, Oct 8, 2026)100.0%

Return of capital, distributions paid Oct 8, 2026 to Oct 8, 2026 (REX estimates)100.0%

Notices behind that number1 of 30 distributions

Return of capital, fiscal year to May 31, 2026 (annual report, filed Aug 7, 2026)90.0%

Options it writes (holdings as of May 31, 2026)Options on one company’s shares, which are not Section 1256 contracts

Estimates are REX’s Rule 19a-1 notices, made before the fund year closes. The fiscal year number is the annual report’s tax character. Not tax advice. What a 19a-1 estimate is · Income ETFs by return of capital

Trading

as of Oct 27, 2026

Trading · AIPIas of Oct 27, 2026

Not scored2 of 6 measured · Oct 27, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, half its 30-day median spread

$1,000$0.550.055%

$10,000$5.500.055%

Premium or discount to NAV, Oct 27 close+0.17%

−0.3%95% of days within ±0.20% · the 1% band is off this scale+0.3%

How to tradeLimit: midpoint + 2¢ to buy, midpoint − 2¢ to sell.At the Oct 27 close of $36.27, that’s $36.29 to buy and $36.25 to sell.

Full trading page: components, premium history, dealers →

$0.24

$0.25

$0.24

Distributions per share for AIPI 13 distributions for AIPI, $0.2354 to $0.2535 a share and $0.2492 in the middle, Aug 5, 2026 to Oct 28, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn. $0.2492 the middle one Aug 5, 2026 Oct 28, 2026 $0.2535 a share at the highest

Aug 2026Weekly, per shareOct 2026

13 distributions for AIPI, $0.2354 to $0.2535 a share and $0.2492 in the middle, Aug 5, 2026 to Oct 28, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.

Latest

$0.2387

Ex Oct 28, 2026 · paid about 1 day later

Annualized

34.3%

At its price on Oct 28, 2026

Trailing 12 months

37.7%

30 payments, ex Oct 29, 2025 to Oct 28, 2026: $13.6699

Return of capital

100.0%

Latest payout (REX estimate)

Next, projected

AIPI pays weekly. The last distribution was $0.2387 a share, which went ex on Oct 28, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Nov 4, 2026; that date is an ETFIQ projection, not the issuer’s.

Nov 4, 2026 · pay Nov 5, 2026$0.2387 ETFIQ projection

Nov 11, 2026 · pay Nov 12, 2026$0.2387 ETFIQ projection

Nov 18, 2026 · pay Nov 19, 2026$0.2387 ETFIQ projection

Nov 25, 2026 · pay Nov 26, 2026$0.2387 ETFIQ projection

Dec 2, 2026 · pay Dec 3, 2026$0.2387 ETFIQ projection

Dec 9, 2026 · pay Dec 10, 2026$0.2387 ETFIQ projection

Expected distributions for AIPI. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.

Every income ETF going ex-dividend in the next 14 days →

Every distribution ETFIQ holds for AIPI (13, most recent first)

Oct 28, 2026$0.2387

Oct 21, 2026$0.2396

Oct 14, 2026$0.251

Oct 7, 2026$0.2535

Sep 30, 2026$0.2501

Sep 23, 2026$0.2517

Sep 16, 2026$0.2448

Sep 9, 2026$0.2486

Sep 2, 2026$0.2507

Aug 26, 2026$0.2418

Aug 19, 2026$0.2497

Aug 12, 2026$0.2492

Aug 5, 2026$0.2354

Cash distributions per share for AIPI. Source: ETFIQ from Tiingo end-of-day distributions.

Source: ETFIQ, from Tiingo end-of-day distributions.

How much of what it paid out did its total return cover?

Total return as a share of the cash paid

−271.3% to 2,166.7% across 164

That is the share of the 164 income ETFs not writing on a single company sitting at or below AIPI.

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.

Total return as a share of the cash paid: 51.0% · 36th pct, −271.3% to 2,166.7% across 164.

Covered the mostOne bar per fund · AIPI in whiteCovered the least

All income ETFs ranked by this score →

AIPI top ten by weight, 66.2% of the fund, of its 25 equity positions, from the holdings filed for May 31, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.

CROWDSTRIKE HOLDINGS, INC. CRWD 12.93%

PALANTIR TECHNOLOGIES INC. PLTR 9.11%

NVIDIA CORPORATION NVDA 8.92%

Astera Labs, Inc ALAB 7.80%

DATADOG, INC. DDOG 7.21%

MICRON TECHNOLOGY, INC. MU 4.50%

SUPER MICRO COMPUTER, INC. SMCI 4.28%

IONQ Inc IONQ 3.92%

PALO ALTO NETWORKS, INC. PANW 3.91%

ADVANCED MICRO DEVICES, INC. AMD 3.60%

Fund filings on SEC EDGAR ↗See all 25 holdings →Check overlap with another fund →

Source: The fund’s SEC filing.

Also against QYLD, DIVO, GPIQ, NVDY, ISPY, MSTY, QDTE, FEPI, ULTY, CONY, XDTE, MDST, AMZY, GOOY, XLEI, GPTY, SEMY, MLPD, TYLG, TECY, GPIX, XYLD, RYLD, BALI, CHPY, EIPI, TSLY, TDVI, YMAX, APLY, MSFO, WEEI, USOY, SOXY, XLUI, XLYI, SDTY, OARK, NDIV, XLKI, XLVI, XLSI, XLII, XLFI, XLBI, NUKX, WEPN, XLCI, BIOY, FINY, HAKY, YRAM, HDV, VTI, VYM, DGRO.

About AIPI

Strategycovered call

BenchmarkS&P 500 (SPY)

How the benchmark is set (ETFIQ)AIPI's shareholder report compares it with the S&P 500 Index (shareholder report, Form N-CSR, accession 0001999371-26-017251, filed 2026-08-07); SPY tracks it.

Paysweekly

Net assets (issuer page, as of Oct 27, 2026)$490mReport

Latest payout, annualized (ETFIQ)34.3%

Expense ratio (497 XBRL, Oct 2, 2026)0.65%Report

Cash paid, last 12 months, over today’s price (ETFIQ)37.7%

First tradedJun 4, 2024

Return of capital, latest distribution (REX 19a-1 estimate)100.0%

Paysweekly

Typical gap between ex-dates7 days

Typical wait from ex-date to payment1 day

Last paid, per share$0.2387 ex Oct 28, 2026

Cash paid in the 12 months to Oct 28, 2026, 30 distributions, ex Oct 29, 2025 to Oct 28, 2026$13.6699

How we measure

Every number is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. Method

IQ Investment Committee on AIPI

12 seats on AIPI, as of Oct 28, 2026: 1 Supports, 7 Challenges, 4 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherNot enough data

In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationChallenges

In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data

In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put AIPI to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about AIPI

How much has AIPI paid over the last year?: Over the year to Oct 28, 2026, AIPI paid 30.4% of its starting price in cash distributions, while the price fell 19.4%.
Is AIPI ahead of SPY?: Over the year to Oct 28, 2026, with every distribution reinvested, AIPI returned +15.5% against +13.6% for S&P 500 (SPY), so a holder was ahead of it by 1.9 points.
How often does AIPI pay, and how much?: AIPI pays weekly. The latest distribution annualizes to 34.3% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
Is the AIPI distribution return of capital?: REX estimates 100% of the distribution paid Oct 8, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
When does AIPI next pay a distribution?: AIPI pays weekly. The last distribution went ex on Oct 28, 2026 at $0.2387 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Nov 4, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
What does AIPI cost?: The prospectus expense ratio is 0.65% a year.
How much of AIPI’s distribution is return of capital?: REX’s Rule 19a-1 notice estimates 100.0% of the distribution paid Oct 8, 2026 was return of capital. Across its notices for distributions paid Oct 8, 2026 to Oct 8, 2026, the estimate is 100.0%. The annual report for the fiscal year to May 31, 2026 puts it at 90.0% of distributions. Estimates come before the fund year closes and often change.

Sources and dates

Prices, AIPI and SPYTiingo end-of-day · Oct 28, 2026

Fee, 0.65%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $490mIssuer page · Oct 27, 2026

HoldingsThe fund’s SEC filing · May 31, 2026

Return of capitalREX 19a-1 distribution notice ↗

DistributionsTiingo end-of-day · 13 payments

All fund filingsFund filings on SEC EDGAR ↗

IssuerREX page for AIPI ↗

REX 19a-1 distribution notice ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, AIPI, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/aipi

The payout bar for AIPI, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Total return

Price change plus every distribution reinvested on the day it went ex-dividend. This is what you actually ended up with, and the only fair basis for comparing with an index.

Cash paid

Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.

Ahead or behind

Total return minus benchmark total return, in percentage points. A fund can pay 12% a year and still be behind by 10 points if its price fell while the index rose.

Return of capital

The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.

Covered call

The fund owns the stocks and sells call options on them, collecting premium and giving up gains above the strike. Synthetic covered call funds hold options instead of the stocks. 0DTE funds sell options that expire the same day.

Autocallable

A fund that pays a coupon and can be called away early, on dates set when it launched. If it is called, you get your money back with the coupon and the run ends. If it is not, it runs on to the next date.

Barrier

The level the underlying has to stay above for you to be repaid in full. A barrier is not a buffer. A buffer takes the first slice of a fall for you; a barrier takes none of it once it breaks, so below it you take the whole fall rather than only the part past it.

Full definitions: income ETFs vocabulary page. →

10th of 50 income ETFs measured against SPY, by return against it→47th of 372 income ETFs by net assets→REX ETFs: Every Fund and Its Fee→What option-income ETFs paid and made, August 2026→Every income ETF measured against SPY→The largest ETFs that pay weekly→Income ETFs by return of capital→Income ETFs by return of capital, fiscal year→

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AIPI: AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026.

<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/aipi"><img src="https://etfiq.com/assistant/api/embed/income/aipi.svg" alt="AIPI: AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">AIPI: AIPI over 1 year: paid 30.4%, price −19.4%, total +15.5%, SPY +13.6%, +1.9 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/aipi">ETFIQ</a></figcaption>
</figure>

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