REX Shares Equity Premium Income ETFs
FEPI, AIPI, and CEPI generate weekly income by selling covered calls on individual high-volatility stocks across big tech, AI, and crypto. Track their dividend history, distribution schedules, and honest total returns.
REX Shares ETFs at a Glance
Live prices, forward yields, next distributions, and 1-year total returns
| Fund | Price | Fwd Yield | Payout | Next Ex-Date | Next Amount | 1Y Total Return |
|---|---|---|---|---|---|---|
| CEPI CEPI | $31.53 | 45.2% | weekly | Jul 22 | $0.2707 | +15.9% |
| AIPI AIPI | $35.45 | 36.3% | weekly | Jul 22 | $0.2460 | +14.8% |
| FEPI FEPI | $41.37 | 26.2% | weekly | Jul 22 | $0.2059 | +14.7% |
REX FANG & Innovation Equity Premium Income ETF
Writes out-of-the-money calls on the 15 equally weighted big-tech stocks in the FANG & Innovation Index. The flagship of the suite with the largest asset base.
REX AI Equity Premium Income ETF
Covered calls on leading AI companies in the BITA AI index. Higher volatility underlyings have historically supported the highest distribution rate of the three.
REX Crypto Equity Premium Income ETF
Covered calls on the top 25 U.S. crypto-related companies — miners, exchanges, custody, and digital payments. The most volatile exposure in the suite.
How the REX Covered Call Strategy Works
Unlike index covered call funds (such as QYLD or XYLD) that write options on a broad index, the REX Equity Premium Income suite holds the individual stocks in its index and writes out-of-the-money calls on each stock separately. Single stocks carry higher implied volatility than the index they belong to, so their option premiums are richer — that premium is the income source.
Because the calls are out-of-the-money, the funds keep some room for price appreciation before the caps bite. In strong rallies the funds will lag their underlying stocks; in flat or choppy markets the harvested premium can outpace a plain holding of the same names.
💵 Weekly payouts
All three funds moved from monthly to weekly distributions in May 2026, matching the cadence of the rest of REX's income lineup.
🧾 Tax treatment
Recent distributions have been 100% estimated return of capital — basis reduction now, capital gains math later. No K-1 forms.
⚠️ Trade-offs
Capped upside, concentrated volatile underlyings, and variable distribution amounts. Judge these funds on total return, not headline yield.