Commentary and research from the REX team on alternative income, thematic investing, leveraged trading, and crypto.
Coming Up
01 · Alternative Income
Income research and commentary
Covered call, Growth & Income, IncomeMax, and autocallable strategies: how they work, what they pay, and the tradeoffs.
02 · Thematic
Monthly sector briefs
One brief per theme, every month: contracts, policy, earnings, and industry news in one read.
The Drone Market Update
Defense contracts, counter-drone programs, policy, and earnings across the drone sector.
Related fund: REX Drone ETF (DRNZ)
The AI Chipmaking Market Update
Wafer fabrication equipment, advanced packaging, and metrology: the toolmakers behind AI chips.
Related fund: REX AI Chipmaking ETF (CHIP)
The Peptides Market Update
Clinical readouts, regulatory decisions, and deal flow across peptide therapeutics.
03 · Leverage
T-REX news and earnings previews
Launches, earnings previews, and market moves behind T-REX 2X ETFs. Leveraged ETFs reset daily and are for experienced traders who monitor positions.
04 · Crypto
Digital asset ETF news and research
REX-Osprey ETFs bring crypto exposure to a standard brokerage account. Crypto is highly volatile and speculative.
Fund Commentary
Monthly commentary, by fund
Each fund’s full commentary history in one place. Pick a fund to see every month.
Latest commentaries
Markets & Research
Market commentary, research, and education
Press
Press releases
Fund launches, fund updates, and company news from REX.
FAQ
Frequently asked questions
REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, crypto, thematic, and leveraged strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones and AI chipmaking, REX empowers investors to act on strong market views. For more information, please visit rexshares.com.
The Monthly Sector Briefs are three research updates published once a month: The Drone Market Update, The AI Chipmaking Market Update, and The Peptides Market Update. Each brief recaps the month's contracts, policy changes, earnings, and industry news for one theme. The briefs are educational and are not a recommendation to buy or sell any security.
EPI ETFs like FEPI - The REX FANG & Innovation Equity Premium Income ETF, AIPI - The REX AI Equity Premium Income ETF, and CEPI - The REX Crypto Equity Premium Income ETF use a covered call strategy on concentrated stock baskets (FANG+, AI leaders, crypto equities) seeking to generate income distributions. They hold the underlying stocks and sell call options against them, with the goal of collecting premium that gets distributed to shareholders. Distributions are not guaranteed.
A covered call ETF holds a portfolio of stocks and sells (writes) call options against those holdings, seeking to collect option premium that can be distributed to shareholders as income. In exchange, the strategy gives up some or all of the upside above the option strike price. Covered call ETFs are designed for income seeking investors who accept capped upside potential and remain exposed to declines in the underlying stocks.
Yes. Selling call options generates premium but limits participation in gains above the strike price of the options sold. Investors in covered call ETFs also remain exposed to downside moves in the underlying stocks. The tradeoff is income generation in exchange for capped upside.
REX Growth & Income ETFs (NVII - The REX NVDA Growth & Income ETF, TSII - The REX TSLA Growth & Income ETF, and WMTI - The REX WMT Growth & Income ETF) write calls on only about 50% of the position. This is designed to preserve more upside participation than traditional covered call funds while still seeking weekly distributions. The funds may use leverage, which amplifies both gains and losses, and weekly distributions are not guaranteed.
The EPI suite (FEPI, AIPI, CEPI) and the Growth & Income suite (NVII, TSII, WMTI) seek weekly distributions. The REX Autocallable Income ETF (ATCL) and the REX Defensive Autocallable Income ETF (DACL) seek monthly distributions. Distribution frequency is a target, and there is no assurance a fund will make a distribution in any given period.
Return of capital is the portion of a distribution that comes from an investor's original investment rather than from income or gains generated by the fund. ROC is not taxed as income when received, but it lowers an investor's cost basis and reduces the fund's NAV. Repeated ROC distributions can erode NAV and trading price over time.
ATCL uses a daily laddered portfolio of autocallable structured notes to seek a SOFR (Secured Overnight Financing Rate) + 10% annual return target. Unlike option-writing strategies, autocallables implement a conditional downside barrier strategy. The fund aims for monthly distributions and provides a different risk/return profile than covered call strategies. The return level is a target, not a guarantee, and principal can be lost if barrier levels are breached.
T-REX is a joint venture between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market's most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering 2x leveraged exposure to the SpaceX IPO (SPAX), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. Leverage resets daily, so returns over periods longer than one day will differ from 2X the underlying stock's return, and these funds involve a high degree of risk. For more information, visit rexshares.com.
Leveraged ETFs like the T-REX suite are generally not designed for buy-and-hold investing. Because leverage resets daily, compounding causes multi-day returns to deviate from the stated multiple of the underlying's return, and flat or volatile markets can produce losses even when the underlying finishes unchanged. They are intended for sophisticated investors who understand daily reset mechanics and intend to actively monitor and manage their positions.
DRNZ, the REX Drone ETF, seeks to track the VettaFi Drone Index, providing exposure to companies across the drone and counter-drone landscape. As a concentrated sector fund, DRNZ may be more volatile than broadly diversified funds and carries geopolitical and regulatory risks tied to the defense and drone industries.
CHIP, the REX AI Chipmaking ETF, tracks the VettaFi AI Chipmaking Index, which focuses on the equipment makers behind AI chips: wafer fabrication equipment, advanced packaging, and metrology. As a concentrated sector fund, CHIP may be more volatile than broadly diversified funds and carries risks tied to semiconductor cyclicality and export controls.
REX-Osprey ETFs provide exposure to digital assets and crypto-linked strategies through an ETF wrapper available in standard brokerage accounts. Cryptocurrency investments are highly volatile and speculative, face significant regulatory uncertainty, and can experience extreme price swings. Review each fund's prospectus before investing.
REX ETFs trade on major U.S. exchanges and are available through most brokerage platforms including Schwab, Fidelity, Interactive Brokers, and Robinhood. Search by ticker symbol to find them. Financial advisors can also access REX products through their custodial platforms.
Each fund's product page on rexshares.com hosts its prospectus, summary prospectus, fact sheet, and holdings. You can also obtain a prospectus and summary prospectus by calling 844-802-4004. A fund's prospectus and summary prospectus should be read carefully before investing.
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Important Information
INVESTMENT RISKS
Investing in the Funds involves a high degree of risk. There is a potential of increased volatility due to the attempt to magnify performance of a single stock. As with any investment, there is a risk that you could lose all or a portion of your investment in the Funds. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the REX Shares. To obtain a Fund’s prospectus and summary prospectus call 844-802-4004. A Fund’s prospectus and summary prospectus should be read carefully before investing
Investing in a REX Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a Fund increases the risk to the Fund. The REX Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment.
Autocallable Structure Risk. The Fund’s returns are linked to a structured autocallable index, which may limit upside participation and expose investors to complex payoff patterns that differ from direct investments in the underlying securities.
Barrier Risk. If the underlying reference index breaches specified barrier levels, principal and income protections may be reduced or lost, potentially resulting in significant losses of invested capital.
Call Option: Call options are financial contracts that give the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset or instrument at a specified price within a specific period.
Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference securities and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time period.
Derivatives Risk. The Fund’s use of derivatives may magnify gains and losses, introduce leverage, and create exposure to valuation, correlation, and operational risks that can adversely affect performance.
Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next. Additionally, the monthly distributions, if any, may consist of returns of capital, which would decrease the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
NAV Erosion Risk Due to Distributions. When the Fund makes a distribution, the Fund’s NAV will typically drop by the amount of the distribution on the related ex-dividend date. The repeated payment of distributions by the Fund, if any, may significantly erode the Fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment.
Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility of the underlying reference security, the time remaining until the expiration of the option contract and eco nomic events.
Distributor: Foreside Fund Services, LLC, member FINRA, not affiliated with REX Shares or the Funds’ investment advisor.
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