REX Shares Dividend Schedule
Next ex-dates and declared amounts for the REX Shares income ETFs, including FEPI, NVII, and ULTI.
One email when a REX Shares fund officially announces its next distribution — amount, ex-date, and pay date.
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REX Shares ETF dividend announcements today
October 6, 2026. FEPI, AIPI, and CEPI pay weekly.
No dividend announcements on October 6, 2026.
REX Shares ETF distribution schedule
Live prices, forward yields, next distributions, and 1-year total returns
| Fund | Price | Fwd Yield | Payout | Next Ex-Date | Next Amount | 1Y Total Return |
|---|---|---|---|---|---|---|
| ULTI REX IncomeMax Option Strategy ETF | $6.63 | 68.7% | weekly | Oct 8 | — | -50.0% |
| TSII REX TSLA Growth & Income ETF | $13.41 | 44.4% | weekly | Oct 6 | — | -15.8% |
| CEPI REX Crypto Equity Premium Income ETF | $31.38 | 42.1% | weekly | Oct 7 | — | +12.8% |
| NVII REX NVDA Growth & Income ETF | $25.48 | 40.6% | weekly | Oct 6 | — | +27.5% |
| AIPI REX AI Equity Premium Income ETF | $37.76 | 34.1% | weekly | Oct 7 | — | +23.6% |
| WMTI REX WMT Growth & Income ETF | $18.41 | 30.2% | weekly | Oct 6 | — | -2.8% |
| FEPI REX FANG & Innovation Equity Premium Income ETF | $43.21 | 24.7% | weekly | Oct 7 | — | +16.0% |
REX Shares ETF Quick Access Directory
REX Shares Investment Strategy & Methodology
The lineup is three different options strategies, not one covered-call template. Equity premium funds write calls on a basket of stocks. Growth and income funds write calls on part of a single-stock position. IncomeMax trades puts and calls on a changing list of volatile names.
Equity Premium Income
FEPI, AIPI, and CEPI
Calls on each stock
These funds hold the stocks in a defined group — big tech, AI, or crypto-related companies — and write out-of-the-money calls on the individual names rather than on a broad index.
Single-stock premiums
A single stock usually has higher implied volatility than the index it sits in, so the call premium is the income source.
Some upside left open
Out-of-the-money strikes leave room for price appreciation before the cap. Strong rallies still leave these funds behind the stocks they hold.
Growth & Income, and IncomeMax
Partial calls on one stock
NVII, TSII, and WMTI seek weekly distributions and daily results between 1.05 and 1.50 times NVDA, TSLA, or WMT. Each writes calls on about half of a synthetic position in that stock.
Active options on volatile stocks
ULTI, the IncomeMax fund, seeks weekly income by trading puts and calls on a changing set of volatile U.S. stocks. It is not a fixed basket with covered calls on every holding.
Weekly cash, variable size
Every fund in the lineup pays weekly. The amount moves with option premiums, so the useful comparison is total return, not the latest payout annualized.
Tax treatment on recent payouts
Recent distributions from FEPI, AIPI, and CEPI have been classified as 100% estimated return of capital. That reduces cost basis now and is settled on the 1099-DIV. These funds do not issue K-1 forms. Check each fund's own tax notice before treating NVII, TSII, WMTI, or ULTI the same way.
REX Shares ETF Distribution Schedule
FEPI, AIPI, and CEPI moved from monthly to weekly distributions beginning May 28, 2026. Each weekly payment covers a shorter period than the old monthly distribution, so the per-payment amount is smaller. The growth-and-income funds and ULTI are weekly as well.
Equity premium
Growth and income
IncomeMax
Equity Premium Income
Out-of-the-money calls written on the individual stocks in a defined group.
REX FANG & Innovation Equity Premium Income ETF
Underlying: FANG and innovation stocks
Seeks income by writing out-of-the-money calls on individual big-tech stocks rather than on a broad index.
Expense ratio 0.65%
REX AI Equity Premium Income ETF
Underlying: Artificial intelligence stocks
Seeks income by writing covered calls on individual AI-related stocks.
REX Crypto Equity Premium Income ETF
Underlying: Crypto-related equities
Seeks income by writing covered calls on individual crypto-related companies.
Growth and Income
Weekly income with a daily objective of 1.05 to 1.50 times a single stock, using calls on about half of a synthetic position.
REX NVDA Growth & Income ETF
Underlying: NVIDIA (NVDA)
Seeks weekly distributions, and daily results between 1.05 and 1.50 times NVDA, by writing calls on about half of a synthetic NVDA position.
REX TSLA Growth & Income ETF
Underlying: Tesla (TSLA)
Seeks weekly distributions, and daily results between 1.05 and 1.50 times TSLA, by writing calls on about half of a synthetic TSLA position.
REX WMT Growth & Income ETF
Underlying: Walmart (WMT)
Seeks weekly distributions, and daily results between 1.05 and 1.50 times WMT, by writing calls on about half of a synthetic WMT position.
IncomeMax
Puts and calls on a changing set of volatile U.S. stocks.
REX Shares ETFs vs Other Income Strategies
| Strategy | What it holds | Options | Payout |
|---|---|---|---|
| REX equity premium | Basket of tech, AI, or crypto stocks | Calls on each stock | Weekly |
| REX growth and income | One stock, with leverage | Calls on about half the position | Weekly |
| Index covered call ETFs | Broad index | Calls on the index | Usually monthly |
| Single-stock option income ETFs | One stock | Calls on that stock | Weekly or monthly |
REX Shares ETF Investment Guide
Fits investors who
What the funds do
Worth weighing
REX Shares ETF Questions
How do REX Shares Equity Premium Income ETFs work?
FEPI, AIPI, and CEPI hold the stocks of a defined index (big tech, AI, or crypto equities) and write out-of-the-money call options on the individual names rather than the broad index. This captures single-stock volatility premiums, which are distributed to shareholders as income. Upside is partially capped when underlying stocks rally sharply.
How often do FEPI, AIPI, and CEPI pay dividends?
Weekly. REX transitioned all three funds from monthly to weekly distributions beginning May 28, 2026. Per-payment amounts are smaller than the old monthly distributions since each covers a shorter accrual period.
Are REX ETF distributions taxed as ordinary income?
Recent distributions from FEPI, AIPI, and CEPI have been classified as 100% estimated return of capital (ROC), which reduces your cost basis rather than being taxed as income in the year received. The final classification is confirmed on your 1099-DIV. Those funds do not issue K-1 forms. Confirm the tax notice for NVII, TSII, WMTI, and ULTI separately.
What is the difference between FEPI and NVII?
FEPI holds a basket of big-tech stocks and writes out-of-the-money calls on each name. NVII is a single-stock growth-and-income fund on NVIDIA. It seeks daily results between 1.05 and 1.50 times NVDA and writes calls on about half of a synthetic NVDA position. TSII and WMTI use the same structure for Tesla and Walmart.