# WEPN (Nicholas Defense and Rare Earth Income ETF)

Nicholas · Income ETFs · data as of Sep 18, 2026

Since its launch on Mar 3, 2026, WEPN paid 6.1% in cash and finished 5.2 points ahead of ITA.

## Key facts

- WEPN, cash paid, since launch, on its starting price: 6.1%, as of Sep 18, 2026.
- WEPN, total return, since launch: −7.3%, as of Sep 18, 2026.
- WEPN, against ITA: +5.2 pts, as of Sep 18, 2026.
- WEPN, latest payout, annualized: 11.9%, as of Sep 18, 2026.
- WEPN, net assets: $6m (SEC filing, whole fund, as filed for Apr 30, 2026).
- WEPN, expense ratio: 1.11% (485BPOS XBRL, Feb 4, 2026).

## WEPN over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | ITA | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 3.0% | −2.4% | +0.6% | −10.4% | +11.0 pts |
| 6 months | 6.2% | −5.0% | +1.1% | −3.7% | +4.9 pts |
| Since launch | 6.1% | −13.3% | −7.3% | −12.5% | +5.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | Aerospace and defense (ITA), used as the proxy (proxy) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $6m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Latest payout, annualized | 11.9% | ETFIQ |
| Expense ratio | 1.11% | 485BPOS XBRL, Feb 4, 2026 |
| Cash paid, last 12 months, over today’s price | 7.0% | ETFIQ |
| Launched | Mar 3, 2026 | ETFIQ |
| 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 | $0.0974 ex Sep 15, 2026 | ETFIQ |
| Sum of the last 12 distributions | $1.1895 | ETFIQ |

## Questions

### How much has WEPN paid over the last year?

Over the period from its launch on Mar 3, 2026 to Sep 18, 2026, WEPN paid 6.1% of its starting price in cash distributions, while the price fell 13.3%.

### Is WEPN ahead of ITA?

Over the period from its launch on Mar 3, 2026 to Sep 18, 2026, with every distribution reinvested, WEPN returned −7.3% against −12.5% for Aerospace and defense (ITA), used as the proxy, so a holder was ahead of it by 5.2 points.

### How often does WEPN pay, and how much?

WEPN pays weekly. The latest distribution annualizes to 11.9% at its price on Sep 18, 2026, which is not a promise; the next one can differ.

### When does WEPN next pay a distribution?

WEPN pays weekly. The last distribution went ex on Sep 15, 2026 at $0.0974 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 22, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.

### What does WEPN cost?

The prospectus expense ratio is 1.11% a year.


## Cite this page

ETFIQ, WEPN, data as of Sep 18, 2026. https://etfiq.com/funds/wepn
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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