XNAS · Active · options-income

REX AI Equity Premium Income ETF

REX Advisers, LLC

Weighted score · 3.50 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Weekly · 100% ROC

Expense Ratio

0.65% gross

1Y Return

vs underlying

Sharpe

Max DD -25.3%

Capital appreciation and current income..

The Fund invests at least 80% of its net assets in securities comprising the BITA AI Leaders Select Index, which tracks US-listed companies at the forefront of AI technologies across hardware, software, enabling infrastructure, and services. The Fund holds the underlying stocks with weights substantially corresponding to their Index weights, then writes covered call options on approximately 100% of each holding to generate income from option premiums. Call options are written slightly out of the money with terms of 30 days or less, allowing for some capital appreciation while capping upside above the strike price. The Fund is actively managed and classified as non-diversified.

The Fund writes covered call options on approximately 100% of each portfolio security, typically with terms of 30 days or less and strike prices slightly out of the money. Option premiums generate current income but cap upside participation above the strike price. The Fund may use both standardized exchange-traded options and FLEX Options listed on the CBOE.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The June 11, 2026 distribution of $0.25 per share is estimated to be composed entirely of Return of Capital (100%), with no net investment income or capital gains components. On a fiscal year-to-date basis, cumulative distributions of $0.51 per share are likewise 100% Return of Capital.

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $37.53 is above the 200-day SMA ($34.26); 50-day SMA $35.92. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.28% (moderate). Average daily dollar volume ~$7.2M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)