FEPI/ REX FANG & Innovation Premium
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (26.96% vs 26.31%)
- Risk tier classification: Tier 3 Sector Specialties
- TTM NAV change: -3.2%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
FEPI is a Tier 3 Sector Specialties asset yielding 26.96%. It offers balanced exposure to high-yield sectors like Real Estate or BDCs. NAV stability remains within healthy ranges.
Provider
REX
Sector
Tech
Asset Class
Derivative Income
Expense Ratio
0.65%
AUM
$602.63M
Inception
—
Distribution
monthly
NAV Change (1Y)
-3.2%
Who Should Buy FEPI?
FEPI is best suited for Yield Strategists. The fund generates a 26.96% yield through collecting dividends from portfolio companies.
Income-focused investors willing to accept sector concentration risks (e.g., Real Estate volatility).
You need a diversified core holding, as this asset is sector-specific.
Quick Audit
- TypeTraditional Equity
- ComplexityMedium
- Tax EfficiencyMixed
- VolatilityMarket Correlation
Comparing stated yield to actual total return performance
Institutional Data Locked
Advanced liquidity metrics for Tier 3 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“FEPI is currently serving as a foundational income anchor. Investors should be aware that a traditional equity holding that pays dividends from corporate earnings and cash flow. focused on long-term sustainability and potential dividend growth.”
Risk Profile Audit
Moderate risk. Reliable income but sensitive to interest rate changes or sector-specific headwinds.
Price Chart
Live DataCalculate Your Returns
Estimate income for FEPI
~22.83 shares at $43.80
Estimates use the latest forecasted distribution and are not guarantees.
Track FEPI in DivAgentVerified Payout History
Last 5 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Dec 24, 2025 | $0.9840 | Monthly | PAID |
| Nov 25, 2025 | $0.9590 | Monthly | PAID |
| Oct 29, 2025 | $1.0410 | Monthly | PAID |
| Sep 24, 2025 | $0.9970 | Monthly | PAID |
| Aug 27, 2025 | $0.9750 | Monthly | PAID |
+15 more dividends hidden | |||
15 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare FEPI Alternatives
See All ComparisonsFEPI FAQ
Common questions about FEPI dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of FEPI. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.