ARCX · Active · options-income

REX Autocallable Income ETF

REX Advisers, LLC

Weighted score · 3.50 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 81% ROC

Expense Ratio

0.74% gross

1Y Return

vs underlying

Sharpe

Max DD -6.1%

The Fund seeks to generate high monthly income while providing reduced downside risk through exposure to the Bloomberg US Large Cap VolMax Autocallable Index (the "Autocallable Index")..

ATCL is an actively managed ETF that gains synthetic exposure to the Bloomberg US Large Cap VolMax Autocallable Index via unfunded total return swap agreements rather than direct replication. The Autocallable Index tracks a laddered portfolio of 252–1,260 synthetic autocallable contracts whose coupons and principal are tied to the Bloomberg US Large Cap VolMax Index, a volatility-targeting index that dynamically adjusts exposure to the Bloomberg 500 Total Return Index to target 40% volatility. Each autocallable contract pays a monthly coupon of 10% + SOFR (annualized) when the underlying reference index is at or above a 60% coupon barrier, is subject to automatic call if the index meets or exceeds its strike-date level after a one-year non-callable period, and provides principal protection down to a 50% risk barrier at maturity. The Fund holds U.S. Treasuries, cash equivalents, and box spreads as collateral alongside the swap agreements.

Options are used solely to construct box spreads, which function as cash equivalents to serve as collateral for the Fund's swap agreements. The box spread construction eliminates directional market risk tied to the underlying reference asset's price movements once initiated. The Fund does not use options to generate income or hedge equity exposure directly; income generation comes through the autocallable contract coupons embedded in the total return swaps.

NAV HISTORY · FEB '26 – 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 May 20, 2026 distribution of $0.2853 per share is estimated to consist of 81.3% Return of Capital ($0.2318) and 18.7% Net Investment Income ($0.0535). On a fiscal year-to-date basis, 83.8% of cumulative distributions ($0.7103 of $0.8473) are estimated to be 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

Liquidity

Estimated bid/ask spread ~0.05% (tight). Average daily dollar volume ~$0.9M (thin). 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 ($)