FEPI Review: REX FANG & Innovation Equity Premium Income ETF - US
REX FANG & Innovation Equity Premium Income ETF - US (FEPI) is a sector based fund - information technology listed on the NYSE/NASDAQ. Below is our independent review using the Dependable Income Investing 13-factor scoring system, covering Fund Attributes, Risk, and Return — designed specifically for income-focused investors.
Fund Attributes 20% of overall score
Fund Attributes cover the foundational characteristics of FEPI: cost, company backing, track record, and size. These factors reflect the fund's stability and cost-efficiency.
Expense Ratio
Total expense ratio is 0.65%.
Fund Company Size
Over $10 billion in assets under management for Rex Financial.
Fund History
Inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old.
Fund AUM
Fund AUM is approximately $591.6 million as of March 4 2026.
Risk 35% of overall score
Risk factors evaluate how FEPI manages volatility, diversification, and the nature of its underlying assets. These are critical for income investors who prioritise capital preservation.
Volatility
Lower volatility may indicate more stability — important for investors living off their income.
Sector Diversification
Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.
See our full Risk analysis for FEPI — including analyst notes on volatility, diversification, and underlying assets.
View Plans →Return 45% of overall score
Return factors assess the income generation quality of FEPI: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Yield
The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
How often the fund pays distributions — monthly payments are generally preferred by income investors.
See our full Return analysis for FEPI — yield rating, distribution consistency score, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score is designed to answer the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes are available in the Dependable Income Investing app.
Frequently Asked Questions About FEPI
What is FEPI's expense ratio?
Total expense ratio is 0.65%.
How long has FEPI been trading?
Inception date was October 11 2023. As of March 6 2026 the fund is approximately 2 years and 4 months old.
How large is FEPI by assets under management?
Fund AUM is approximately $591.6 million as of March 4 2026.
Who manages FEPI?
Over $10 billion in assets under management for Rex Financial.
Where can I see the full FEPI review?
The complete 13-factor review — including all Risk and Return scores, analyst notes, and your Dependability Score — is available in the Dependable Income Investing app.
Also Compare FEPI
See the Full FEPI Review
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors, analyst notes, Dependability Score, and tools to compare FEPI against other income funds side by side.
View Plans →Also available: free fund comparison tools in the app.