# ULTI (REX IncomeMax Option Strategy ETF)

REX · Income ETFs · data as of Sep 11, 2026

Since its launch on Oct 31, 2025, ULTI paid 31.8% in cash and still finished 65.8 points behind SPY.

## Key facts

- ULTI, cash paid, since launch, on its starting price: 31.8%, as of Sep 11, 2026.
- ULTI, total return, since launch: −52.8%, as of Sep 11, 2026.
- ULTI, against SPY: −65.8 pts, as of Sep 11, 2026.
- ULTI, return of capital, latest payout (REX estimate): 100.0%, as of Sep 11, 2026.
- ULTI, net assets: $19m (issuer page, as of Sep 10, 2026).
- ULTI, expense ratio: 1.32% (485BPOS XBRL, Apr 29, 2026).

## ULTI over each window to Sep 11, 2026

| 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 |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $19m | issuer page, as of Sep 10, 2026 |
| Latest payout, annualized | 72.0% | ETFIQ |
| Expense ratio | 1.32% | 485BPOS XBRL, Apr 29, 2026 |
| Cash paid, last 12 months, over today’s price | 126.4% | ETFIQ |
| Launched | Oct 31, 2025 | ETFIQ |
| Return of capital, latest distribution | 100.0% | REX 19a-1 estimate |
| Pays | weekly | ETFIQ |
| Typical gap between ex-dates | 7 days | ETFIQ |
| Typical wait from ex-date to payment | 1 day | ETFIQ |
| Last paid, per share | $0.09 ex Sep 10, 2026 | ETFIQ |
| Sum of the last 12 distributions | $1.3211 | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, ULTI, data as of Sep 11, 2026. https://etfiq.com/funds/ulti
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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