ETF Evaluator:
REX AI Equity Premium Income ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
REX AI Equity Premium Income ETF Overview
REX AI Equity Premium Income ETF (AIPI) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Rex launched the ETF in 2024.
The investment seeks capital appreciation and current income.
The fund, under normal market conditions, invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities comprising the BITA AI Leaders Select Index. It seeks to employ its investment strategy regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. The fund is non-diversified.
About REX AI Equity Premium Income ETF (AIPI)
There are 2 members of the management team with an average tenure of 2.16 years: Rafael Zayas (2024) and Austin Wen (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
REX AI Equity Premium Income ETF has 82 securities in its portfolio. The top 10 holdings constitute 56.8% 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 Equity Premium Income ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. REX AI Equity Premium Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.9% There is 0.0% 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 Equity Premium Income ETF has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $404 million in total assets, which is below the $727 million average for the Derivative Income 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.
AIPI 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 Equity Premium Income ETF expense ratio is above average compared to funds in the Derivative Income category. REX AI Equity Premium Income ETF has an expense ratio of 0.65%, which is 22% lower than its category average, making the fund expense ratio grade a B. 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 Equity Premium Income ETF has a portfolio turnover rate of 62%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, REX AI Equity Premium Income ETF returned -3.6%, which earned it a grade of D, as the Derivative Income category had an average return of -1.5%. 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 Equity Premium Income ETF has a trailing yield of 6.41%, which is below the 19.96% category average.
The fund normally distributes its income weekly 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.
REX AI Equity Premium Income ETF Grades
Year to date, the ETF has returned 4.0%, 1.4 percentage points better than the category, which translates into a grade of D. The fund has returned 12.6% over the past year (grade of C).
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AIPI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AIPI Return (NAV) | -3.6% | 3.7% | 12.6% | na | na | na |
| AIPI Return (Price) | -3.6% | 3.8% | 12.6% | na | na | na |
| NAV +/- Price Return | -0.061% | -0.176% | 0.082% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| AIPI Grade (NAV) | D | B | C | na | na | na |
| +/- Category (NAV) | -2.1% | 3.0% | 1.4% | na | na | na |
| AIPI Tax-Cost Ratio | na | na | 2.5% | na | na | na |
AIPI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AIPI Return (NAV) | 4.0% | 16.4% | na | na | na | na | na | na | na | na | na |
| AIPI Return (Price) | 4.1% | 16.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.015% | -0.007% | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| AIPI Grade (NAV) | D | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.4% | 5.8% | 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: | 6.4% |
| Total Assets: | $ 405 Mil |
| Share Class Assets: | $ 405 Mil |
| Turnover: | 62.8% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Zayas Rafael (2024), Wen Austin (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 82 |
| % in Top 10 Holdings: | 56.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rex |
| Phone Number: | 844-802-4004 |
| Website: | |
| Inception Date: | June 3, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.83% |
