{
 "ticker": "FEPI",
 "name": "REX FANG & Innovation Equity Premium Income ETF",
 "issuer": "REX",
 "desk": "income",
 "url": "https://etfiq.com/funds/fepi",
 "html": "https://etfiq.com/funds/fepi",
 "markdown": "https://etfiq.com/funds/fepi.md",
 "as_of": "2026-09-11",
 "verdict": "Over the year to Sep 11, 2026, FEPI paid 23.4% in cash and still finished 5.8 points behind QQQ.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "23.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FEPI, cash paid, 1 year, on its starting price: 23.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+17.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FEPI, total return, 1 year: +17.1%, as of Sep 11, 2026."
  },
  {
   "key": "against_qqq",
   "label": "Against QQQ",
   "value": "\u22125.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FEPI, against QQQ: \u22125.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "25.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FEPI, latest payout, annualized: 25.2%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$700m",
   "source": "issuer page, as of Sep 10, 2026",
   "as_of": "2026-09-11",
   "sentence": "FEPI, net assets: $700m (issuer page, as of Sep 10, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Nov 26, 2025",
   "as_of": "2026-09-11",
   "sentence": "FEPI, expense ratio: 0.65% (485BPOS XBRL, Nov 26, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Nasdaq-100 (QQQ), used as the innovation proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$700m",
   "source": "issuer page, as of Sep 10, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "25.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Nov 26, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "25.6%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 11, 2023",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "weekly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "7 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "1 day",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.2063 ex Sep 9, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$2.4283",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "6.1%",
   "Price": "\u22122.2%",
   "Total return": "+4.2%",
   "QQQ": "\u22120.8%",
   "Ahead or behind": "+5.0 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "12.1%",
   "Price": "+1.6%",
   "Total return": "+14.6%",
   "QQQ": "+20.7%",
   "Ahead or behind": "\u22126.1 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "23.4%",
   "Price": "\u22128.5%",
   "Total return": "+17.1%",
   "QQQ": "+23.0%",
   "Ahead or behind": "\u22125.8 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "66.4%",
   "Price": "\u221217.8%",
   "Total return": "+67.5%",
   "QQQ": "+95.6%",
   "Ahead or behind": "\u221228.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has FEPI paid over the last year?",
   "a": "Over the year to Sep 11, 2026, FEPI paid 23.4% of its starting price in cash distributions, while the price fell 8.5%."
  },
  {
   "q": "Is FEPI ahead of QQQ?",
   "a": "Over the year to Sep 11, 2026, with every distribution reinvested, FEPI returned +17.1% against +23.0% for Nasdaq-100 (QQQ), used as the innovation proxy, so a holder was behind it by 5.8 points."
  },
  {
   "q": "How often does FEPI pay, and how much?",
   "a": "FEPI pays weekly. The latest distribution annualizes to 25.2% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does FEPI next pay a distribution?",
   "a": "FEPI pays weekly. The last distribution went ex on Sep 9, 2026 at $0.2063 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day."
  },
  {
   "q": "What does FEPI cost?",
   "a": "The prospectus expense ratio is 0.65% a year."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}