ETF Evaluator:
REX NVDA Growth & Income ETF ()
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(as of Nov 13)
Best Performing in Trading--Leveraged Equity Over the Last Year
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ETF Details
REX NVDA Growth & Income ETF Overview
REX NVDA Growth & Income ETF (NVII) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Rex launched the ETF in 2025.
The investment seeks to pay weekly distributions; the fund’s secondary investment objective is to seek daily investment results, before fees and expenses, between 105% and 150% the daily percentage change of the common stock of Nvidia Corporation.
The fund, under normal market conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in shares of NVDA, investments that provide exposure to NVDA or income-producing investments. The fund is non-diversified.
About REX NVDA Growth & Income ETF (NVII)
There are 2 members of the management team with an average tenure of 0.07 years: Matthew Pelletier (2026) and Matthew Holcomb (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
REX NVDA Growth & Income ETF has 7 securities in its portfolio. The top 10 holdings constitute 157.6% 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 NVDA Growth & Income ETF is part of the Other global asset class and is within the Miscellaneous ETF group. REX NVDA Growth & Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -20.7% 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 NVDA Growth & Income ETF has 120.3% of the portfolio in cash.
Assets Under Management
The fund has $106 million in total assets, which is below the $247 million average for the Trading--Leveraged Equity 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.
NVII 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 NVDA Growth & Income ETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. REX NVDA Growth & Income ETF has an expense ratio of 1.49%, which is 56% higher than its category average, making the fund expense ratio grade a F. 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 NVDA Growth & Income 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 3226% for the Trading--Leveraged Equity category.
Recently, in the month of October 2026, REX NVDA Growth & Income ETF returned -10.3%, which earned it a grade of B, as the Trading--Leveraged Equity category had an average return of -23.2%. 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 NVDA Growth & Income ETF has a trailing yield of 57.80%, which is above the 6.60% 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 NVDA Growth & Income ETF Grades
Year to date, the ETF has returned 12.6%, 18.7 percentage points better than the category, which translates into a grade of B. The fund has returned 5.3% over the past year (grade of B).
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NVII Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NVII Return (NAV) | -10.3% | 2.6% | 5.3% | na | na | na |
| NVII Return (Price) | -10.4% | 2.4% | 5.0% | na | na | na |
| NAV +/- Price Return | 0.159% | 0.186% | 0.300% | na | na | na |
| Trading--Leveraged Equity Avg | -23.2% | -15.7% | -13.4% | 29.6% | 3.1% | 9.3% |
| NVII Grade (NAV) | B | B | B | na | na | na |
| +/- Category (NAV) | 12.9% | 18.3% | 18.7% | na | na | na |
| NVII Tax-Cost Ratio | na | na | 17.7% | na | na | na |
NVII Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NVII Return (NAV) | 12.6% | na | na | na | na | na | na | na | na | na | na |
| NVII Return (Price) | 12.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.010% | na | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | -6.1% | 42.7% | 29.7% | 64.7% | -37.0% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| NVII Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 18.7% | 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: | 57.8% |
| Total Assets: | $ 106 Mil |
| Share Class Assets: | $ 106 Mil |
| Turnover: | na |
| Expense Ratio: | 1.49% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Pelletier Matthew (2026), Holcomb Matthew (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 157.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -20.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.4% |
| Cash: | 120.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rex |
| Phone Number: | 844-802-4004 |
| Website: | |
| Inception Date: | May 27, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.49% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
