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REX FANG & Innovation Equity Premium Income ETF

FEPI
Asset Management - Income · Financial Services
Exchange
NASDAQ
Winston Score
–
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Winston Score History

The full picture

FEPI is an exchange-traded fund (ETF) managed by REX Shares that holds a concentrated portfolio of large technology and growth stocks — including names like Meta, Apple, Nvidia, and Tesla. It is designed for investors who want exposure to these popular "FANG and innovation" companies while also receiving high monthly income distributions. The fund targets retail income-seeking investors who want both tech exposure and regular cash payouts.

The fund generates its high income by selling call options on its holdings, a strategy known as a covered call or options overlay approach. This allows FEPI to collect option premiums, which it passes to shareholders as monthly distributions — sometimes yielding well above 20% annually. The ETF operates entirely in U.S. markets and has grown to roughly $700 million in assets. The main risk is that selling call options caps the fund's upside during strong market rallies, meaning investors may miss out on significant gains when the underlying tech stocks surge.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Insider Activity

100.0%ownership

→ Flat

Insider ownership roughly steady over the past year

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
N/A
no trend
Data not available
Profit after running costs
Operating Margin
N/A
no trend
Data not available
Return on the money invested
ROCE
N/A
no trend
Data not available

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Growth

Sales growth
Sales YoY
N/A
no trend
Data not available
Profit growth
EPS YoY
N/A
no trend
Data not available
How steady the profit is
EPS Consistency
N/A
no trend
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
no trend
Data not available
Spare cash per sale
FCF Margin
N/A
no trend
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
N/A
no trend
Data not available
Covers its interest
Interest Cover
N/A
no trend
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/A
no trend
Data not available
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
25.50%
no trend
Healthy income — 25.50% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
-5.4%
no trend
Dividend cut (-5.4% YoY) — warning sign

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