Income ETF health check
REX FANG & Innovation Equity Premium Income ETF
FEPI
Rexshares · Weekly · $726M
Current price
$42.93
As of 2026-09-29 · USD
Canary status
Early warning signs — worth monitoring every Monday and Thursday when data refreshes.
Updated every Monday and Thursday
YieldCanary Health Metrics
Yield comparison
Advertised Yield
25.58%
Headline Yield (TTM)
24.03%
True Income Yield
17.86%
The real number is typically lower once return of capital is stripped out.
Health metrics
- Death Clock
- 1.68 yrs
- YieldCanary ROC %
- 25.7%
Income and return
- After-Tax Monthly (25%)
- $XX.XXUnlock free →
- Last Distribution
- $0.8030
- 1Y Price Return
- -7.61%
About True Income Yield
About True Income Yield: This is a YieldCanary proprietary sustainability indicator, not a standard accounting measure of economic gain. It strips return of capital from the headline yield to show only what the fund generated from real investment activity. Return of capital reduces your cost basis and the full economic gain is only realized when you sell your shares. YieldCanary calculates ROC from performance data, not from the 19a-1 notices that fund companies publish monthly. Our estimates can differ from official issuer reports and can differ significantly from your year-end 1099 tax forms. We are actively working on incorporating 19a-1 data to make these figures more precise. For confirmed ROC figures always check the fund's official 19a-1 notice on the issuer's website or your year-end 1099.
True Income Yield and Death Clock are YieldCanary proprietary metrics. Not financial advice. Data updates every Monday and Thursday.
Price and Distribution History
Data last updated: Sep 28, 2026. Updates every Monday and Thursday.
Sustainability analysis
Health Score Breakdown
FEPI is currently on Watch on YieldCanary. The fund is showing early warning signs worth monitoring closely — either ROC is trending higher, the NAV has shown some softness, or distribution stability has declined from prior periods. Not yet in dangerous territory but worth checking back every Monday and Thursday when the data refreshes.
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Frequently Asked Questions — FEPI
Is FEPI a good income ETF?
Based on YieldCanary's health framework, FEPI is currently Watch. The fund is showing early warning signs worth monitoring closely. Either ROC is trending higher, the NAV has shown some softness, or distribution stability has declined from prior periods. It is not yet in dangerous territory, but check back every Monday and Thursday when the data refreshes. This is not financial advice — always do your own research and consult a qualified financial professional before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What does FEPI pay per month?
Based on last month's actual distribution of $0.8030 per share, $10,000 invested in FEPI at the current price of $42.93 generates approximately 232 shares. That's $186.30 gross per month before taxes. Your after-tax income depends on your personal tax rate and account type. Set your rate inside YieldCanary to see your exact after-tax monthly income and connect your portfolio to see what all of your holdings generate together. Distributions change month to month based on options premiums and market conditions. Past distributions are not a guarantee of future payments.
Calculate your after-tax income on FEPI free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is FEPI's True Income Yield?
YieldCanary's True Income Yield for FEPI is currently 17.86%. This is a distribution sustainability indicator — it strips the estimated return of capital portion from the headline TTM yield to show only what the fund generated from real investment activity. It is not an accounting measure of economic gain. Return of capital reduces your cost basis and full economic gain is only realized when you sell. FEPI's current ROC estimate is 25.7%. The full methodology breakdown is available inside YieldCanary. For confirmed ROC figures check the fund's official 19a-1 notice or your year-end 1099.
See the full health breakdown on FEPI free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is FEPI's Death Clock?
FEPI's Death Clock is currently 1.68 years. This estimates the number of years before 50% of the fund's NAV erodes at the current pace, assuming all things stay constant. It is a sustainability warning signal. The pace can improve or worsen as market conditions and distribution behavior change. Check back every Monday and Thursday when the data refreshes.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is FEPI's return of capital good or bad?
FEPI's current ROC estimate is 25.7%. Moderate ROC worth monitoring. Not immediately alarming but track whether the NAV is holding up alongside the distributions over time. Note: YieldCanary calculates ROC from performance data, not 19a-1 filings.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How does FEPI compare to similar funds?
On YieldCanary, FEPI is currently Watch with a 17.86% True Income Yield and a Death Clock of 1.68 years. It pays Weekly distributions and has a 1-year price return of -7.61%. Similar funds from Rexshares tracked on YieldCanary: REX AI Equity Premium Income ETF (AIPI) — currently Watch; REX Crypto Equity Premium Income ETF (CEPI) — currently Severe Risk; REX NVDA Growth & Income ETF (NVII) — currently Severe Risk Full side-by-side comparison including True Income Yield, Death Clock, ROC%, and after-tax income across all similar funds is available inside YieldCanary.
Compare FEPI to similar funds free →YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
How often does FEPI pay distributions?
FEPI is a Weekly paying ETF. Distributions hit your account every week — one of the most frequent income vehicles on the platform. Weekly payers are popular for investors who want to align investment income with weekly expenses or reinvest more frequently. The most recent distribution was $0.8030 per share. To see exact upcoming ex-dividend and payment dates for FEPI in your portfolio, connect your holdings inside YieldCanary and check the Distribution Calendar.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
What is FEPI's AUM and why does it matter?
FEPI currently has $726M in assets under management. FEPI is a mid-sized fund with reasonable liquidity. Worth monitoring AUM trends over time to ensure the fund continues attracting assets. AUM alone does not determine whether a fund is healthy. Check the Canary Status and Death Clock above for the full sustainability picture.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
Is FEPI available in a Roth IRA?
Yes — FEPI can be held in a Roth IRA like any standard ETF, assuming your brokerage offers it. For income ETFs with high return of capital, a Roth IRA can be a particularly advantageous account type. ROC distributions reduce your cost basis in a taxable account, creating a deferred tax liability that grows over time. In a Roth IRA that tax treatment is irrelevant as all distributions are tax-free regardless of their character. This is not tax advice. Consult a tax professional about your specific situation and account type before making investment decisions.
YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.
About the fund
Strategy & Objective
Rexshares · Weekly
The REX FANG & Innovation Equity Premium Income ETF, or FEPI, utilizes a covered call strategy designed to achieve two main goals: generating income and providing exposure to potential growth within the technology sector. The fund accomplishes this by maintaining positions in the stocks comprising its benchmark, the Solactive FANG Innovation Index, and simultaneously selling call options on these shares that are slightly out-of-the-money. This approach leverages the significant volatility often found in major technology companies, thereby earning premium income from the options. However, it also means that some of the potential upside from stock appreciation is capped. An additional benefit is a modest safeguard against drops in stock prices. It's important to recognize, though, that this protective buffer is confined to the option premiums received and may not completely negate substantial declines in the underlying securities. The fund's benchmark is an equally weighted index made up of fifteen U.S. technology firms. Eight of these are considered foundational holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The other seven companies are chosen quarterly from a diverse range of Factset technology-related industries, based on their trading volumes.
At a glance
YieldCanary Health Summary
REX FANG & Innovation Equity Premium Income ETF (FEPI) is a Weekly-paying income ETF issued by Rexshares with $726M in assets under management. The fund has an advertised yield of 25.58% and a trailing 12-month headline yield of 24.03%. FEPI is currently Watch on YieldCanary with a True Income Yield of 17.86% and a Death Clock of 1.68 years. The most recent distribution was $0.8030 per share. The fund's price has returned -7.61% over the trailing 12 months.
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