ETF Evaluator:
REX AI Chipmaking ETF (CHIP)
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(as of Oct 14)
Best Performing in Technology Over the Last Year
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ETF Details
REX AI Chipmaking ETF Overview
REX AI Chipmaking ETF (CHIP) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Rex launched the ETF in 2026.
The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index comprised of companies enabling the AI chipmaking industry.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. It is non-diversified.
About REX AI Chipmaking ETF (CHIP)
There are 2 members of the management team with an average tenure of 0.02 years: Matthew Pelletier (2026) and Matthew Holcomb (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: VettaFi AI Chipmaking TR USD index with a weighting of 100%. REX AI Chipmaking ETF has 56 securities in its portfolio. The top 10 holdings constitute 49.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
REX AI Chipmaking ETF is part of the Equity global asset class and is within the Sector Equity ETF group. REX AI Chipmaking ETF has 61.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 37.5% There is 61.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). REX AI Chipmaking ETF has -31.7% of the portfolio in cash.
Assets Under Management
The fund has $780 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CHIP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The REX AI Chipmaking ETF expense ratio is above average compared to funds in the Technology category. REX AI Chipmaking ETF has an expense ratio of 0.65%, which is 18% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. REX AI Chipmaking ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 42% for the Technology category.
Recently, in the month of September 2026, REX AI Chipmaking ETF returned 0.0%, which earned it a grade of NA, as the Technology category had an average return of 3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
REX AI Chipmaking ETF has a trailing yield of 0.00%, which is below the 0.45% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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CHIP Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CHIP Return (NAV) | na | na | na | na | na | na |
| CHIP Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Technology Avg | 3.1% | -2.1% | 33.2% | 30.4% | 12.7% | 19.0% |
| CHIP Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| CHIP Tax-Cost Ratio | na | na | na | na | na | na |
CHIP Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CHIP Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| CHIP Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 32.6% | 23.1% | 20.0% | 43.5% | -35.4% | 17.3% | 51.6% | 37.9% | -3.3% | 32.3% | 15.5% |
| CHIP Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | VettaFi AI Chipmaking TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Pelletier Matthew (2026), Holcomb Matthew (2026) | |||
Portfolio Composition (as of 9/29/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 49.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 61.8% |
Portfolio Allocation |
|
| Domestic Stock: | 37.5% |
| Foreign Stock: | 61.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 32.4% |
| Cash: | -31.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rex |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | September 22, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.55% |
