Rex AI Equity Premium Income ETF (AIPI)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
AIPI Chart
AIPI: A Superior Covered Call Fund, But Not Without Its Risks
AIPI offers a ~35% yield by selling covered calls on volatile AI-related stocks, using a semi-dynamic laddered approach for risk/reward balance. The fund's performance has outpaced most covered call peers and matched or slightly lagged major indices, with a 22% total return since inception. High yield requires reinvestment of distributions to maintain capital, as NAV can be volatile and exposed to downside risk in market crashes.
AIPI: Holdings Interesting, Strategy Not So Much
AIPI focuses on generating high income through covered call strategies, prioritizing yield over capital appreciation for investors seeking steady payouts. The ETF writes slightly out-of-the-money calls, enhancing income in flat or declining markets but capping upside in bullish conditions. AIPI targets AI-focused companies, balancing direct AI revenue leaders with key ecosystem enablers for diversified exposure.
AIPI: Not Convinced Of The Fund's Strategy
AIPI's performance has been disappointing, with a 23.4% price decline since inception and distributions not offsetting the price drop, raising concerns about its portfolio strategy. The fund's option strategy, blending OTM and ATM options, hasn't effectively capitalized on significant price movements in its holdings, questioning management's income generation ability. The fund's high dividend yield of 34.8% is unsustainable, with distributions primarily being a return of capital, not net investment income, indicating potential long-term issues.
Rex AI Equity Premium Income ETF Dividends
| AIPI AIPI 6 months ago Paid | Monthly | $1.49 Per Share |
| AIPI AIPI 7 months ago Paid | Monthly | $1.51 Per Share |
| AIPI AIPI 8 months ago Paid | Monthly | $1.47 Per Share |
| AIPI AIPI 9 months ago Paid | Monthly | $1.48 Per Share |
| AIPI AIPI 10 months ago Paid | Monthly | $1.46 Per Share |
Rex AI Equity Premium Income ETF Earnings
| AIPI AIPI 6 months ago Paid | Monthly | $1.49 Per Share |
| AIPI AIPI 7 months ago Paid | Monthly | $1.51 Per Share |
| AIPI AIPI 8 months ago Paid | Monthly | $1.47 Per Share |
| AIPI AIPI 9 months ago Paid | Monthly | $1.48 Per Share |
| AIPI AIPI 10 months ago Paid | Monthly | $1.46 Per Share |
Rex AI Equity Premium Income ETF (AIPI) FAQ
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Has Rex AI Equity Premium Income ETF ever had a stock split?
Rex AI Equity Premium Income ETF Profile
| - Industry | Financial Services Sector | - CEO | NASDAQ (NMS) Exchange | - ISIN |
| United States Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
The fund is an investment vehicle that primarily focuses on leveraging the opportunities presented by AI leaders. By dedicating at least 80% of its net assets, along with any borrowings for investment purposes, towards securities included in the BITA AI Leaders Select Index, the fund aims to capitalize on the growth and innovation in the AI sector. It adheres to its investment strategy rigorously, irrespective of adverse market, economic, or other challenging conditions, and does not intend to take temporary defensive stances during such times. This approach signifies a commitment to long-term investment in AI technologies, despite potential short-term fluctuations. Furthermore, its status as a non-diversified fund allows for a more concentrated investment strategy, focusing significantly on securities that it believes have substantial growth potential in the AI field.
Products and Services
- Securities Investment
The fund primarily invests in securities that are part of the BITA AI Leaders Select Index. These securities represent companies at the forefront of AI technology and innovation. The investment strategy focuses on harnessing the growth potential of AI leaders, aiming to generate returns that align with the advancements and financial success of companies within the AI industry.
- Concentrated Investment Approach
As a non-diversified fund, it boasts a concentrated investment approach, focusing on a limited number of securities. This strategy allows the fund to make significant investments in its picks, potentially leading to higher returns. However, it also involves a higher level of risk compared to diversified funds, as the fund's performance is more closely tied to the selected securities' fortunes.
- Long-Term Investment in AI
By committing to its investment strategy under all market conditions and avoiding temporary defensive positions during downturns, the fund showcases a long-term investment horizon in the AI sector. This principle reflects an understanding that, while AI technologies and companies may experience short-term volatility, their long-term growth trajectory is expected to be positively significant.
Contact Information
