ULTI REX IncomeMax Option Strategy ETF
Option income on SPY, paying weekly
Since its launch on Oct 31, 2025, ULTI paid 31.8% in cash and still finished 65.8 points behind SPY.
Key facts
What a holder got
Over the year to Sep 11, 2026, ULTI returned −52.8% with distributions reinvested and S&P 500 (SPY), used as a default proxy returned +13.0%, so a holder came out behind it by 65.8 points. The lighter segment is the 31.8% that arrived as cash rather than as price.
Its ten largest equity positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| FuelCell Energy Inc | FCEL | 7.03% | |
| Corning Inc | GLW | 5.45% | |
| Nebius Group NV | NBIS | 5.39% | |
| Sandisk Corp | SNDK | 5.26% | |
| Lam Research Corp | LRCX | 5.24% | |
| Applied Materials Inc | AMAT | 5.20% | |
| SPACEX | SPCX | 5.18% | |
| Dell Technologies Inc | DELL | 5.10% | |
| Vertiv Holdings Co | VRT | 5.08% | |
| Intel Corp | INTC | 5.02% |
Period by period
| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
|---|---|---|---|---|---|
| 3 months | 11.6% | −49.8% | −40.3% | +3.3% | −43.6 pts |
| 6 months | 31.9% | −47.5% | −25.3% | +16.0% | −41.4 pts |
| Since launch | 31.8% | −74.8% | −52.8% | +13.0% | −65.8 pts |
When ULTI pays
ULTI pays weekly. The last distribution was $0.09 a share, which went ex on Sep 10, 2026 and was paid on Sep 11, 2026. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Sep 17, 2026; that date is an ETFIQ projection, not the issuer’s.
| Ex-date | Pay date | Amount | Basis |
|---|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
| Sep 24, 2026 | Sep 25, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
| Oct 1, 2026 | Oct 2, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
| Oct 8, 2026 | Oct 9, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
| Oct 15, 2026 | Oct 16, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
| Oct 22, 2026 | Oct 23, 2026 | $0.09 | ETFIQ projection from the fund’s own cadence |
Every distribution ETFIQ holds for ULTI (13, most recent first)
| Ex-date | Amount |
|---|---|
| Sep 10, 2026 | $0.09 |
| Sep 3, 2026 | $0.085 |
| Aug 27, 2026 | $0.095 |
| Aug 20, 2026 | $0.0961 |
| Aug 13, 2026 | $0.095 |
| Aug 6, 2026 | $0.1 |
| Jul 30, 2026 | $0.09 |
| Jul 23, 2026 | $0.105 |
| Jul 16, 2026 | $0.12 |
| Jul 9, 2026 | $0.13 |
| Jul 1, 2026 | $0.16 |
| Jun 25, 2026 | $0.155 |
| Jun 17, 2026 | $0.175 |
Every income ETF going ex-dividend in the next fortnight
In plain words
Since it launched on Oct 31, 2025, ULTI has returned −52.8% with distributions reinvested, against +13.0% for S&P 500 (SPY), used as a default proxy, and has paid out 31.8% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 72.0%. REX estimates that 100% of the distribution paid Sep 4, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.
| Strategy | option income |
|---|---|
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) |
| Pays | weekly |
| Net assets (issuer page, as of Sep 10, 2026) | $19m |
| Latest payout, annualized (ETFIQ) | 72.0% |
| Expense ratio (485BPOS XBRL, Apr 29, 2026) | 1.32% |
| Cash paid, last 12 months, over today’s price (ETFIQ) | 126.4% |
| Launched | Oct 31, 2025 |
| Return of capital, latest distribution (REX 19a-1 estimate) | 100.0% |
| Pays | weekly |
| Typical gap between ex-dates | 7 days |
| Typical wait from ex-date to payment | 1 day |
| Last paid, per share | $0.09 ex Sep 10, 2026 |
| Sum of the last 12 distributions | $1.3211 |
Every figure 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. How these figures are computed
Questions people ask
- How much has ULTI paid over the last year?
- Over the period from its launch on Oct 31, 2025 to Sep 11, 2026, ULTI paid 31.8% of its starting price in cash distributions, while the price fell 74.8%.
- Is ULTI ahead of SPY?
- Over the period from its launch on Oct 31, 2025 to Sep 11, 2026, with every distribution reinvested, ULTI returned −52.8% against +13.0% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 65.8 points.
- How often does ULTI pay, and how much?
- ULTI pays weekly. The latest distribution annualizes to 72.0% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
- Is the ULTI distribution return of capital?
- REX estimates 100% of the distribution paid Sep 4, 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 ULTI next pay a distribution?
- ULTI pays weekly. The last distribution went ex on Sep 10, 2026 at $0.09 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 17, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
- What does ULTI cost?
- The prospectus expense ratio is 1.32% a year.
The words on this page
- Total return
- What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
- 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
- The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
- 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
- Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.
Every term used here, defined in full on the income ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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Cite this page. ETFIQ, ULTI, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/ulti Free to use with attribution; the underlying files are at Open data.