What is the difference between the expense ratios for AIPI and FEPI?

Both AIPI and FEPI have an identical expense ratio of 0.65%. This means there is no fee difference between them based on the provided data. When expense ratios are equal, other factors such as holdings, yield, and fund size become more important for comparison. Always remember that the expense ratio affects the net return over time, but here, both funds cost the same to operate.

What does an expense ratio mean for an ETF investor?

The expense ratio is the annual fee expressed as a percentage of assets that the fund manager charges to operate the ETF. It is deducted from the fund’s returns. For example, a 0.65% expense ratio means for every £100 invested, 65 pence is paid annually in fees. A lower expense ratio generally results in higher net returns for investors, all else being equal.

What does it mean if a fund has no specific index tracked?

If a fund does not track a specific index, it is often actively managed or uses a non-traditional strategy. This means the fund’s holdings are not automatically defined by a market benchmark. Transparency about how positions are selected may be lower. Investors must rely on the fund’s prospectus and manager explanations to understand the investment approach and potential risks.

How do AIPI and FEPI differ in terms of fund size?

AIPI has net assets of $461 million, while FEPI is larger with $706 million in net assets. A larger fund size can indicate greater liquidity and a more established asset base, potentially leading to tighter bid-ask spreads. However, fund size alone does not determine performance; it is one factor among several, such as fees, holdings, and investment strategy, to consider when comparing ETFs.

Which fund offers a higher dividend yield, AIPI or FEPI?

AIPI offers a significantly higher dividend yield of 35.65% compared to FEPI’s 25.47%. A higher yield can be attractive for income-focused investors seeking regular cash payments. However, a high yield may also reflect higher risk, volatile underlying assets, or a distribution strategy involving options premiums, which is common in derivative income funds. Investors should investigate why the yield is elevated.

Do AIPI and FEPI hold any stocks in common?

Yes, both AIPI and FEPI have PLTR and META as top-10 holdings. This overlap indicates that both funds have exposure to these specific technology companies. While they share some holdings, the overall portfolio construction and weighting of these stocks differ, as AIPI focuses on AI-related equity premium income and FEPI covers a broader tech spectrum. Other major holdings differ significantly between the two.

What are the top holdings for AIPI and FEPI?

AIPI’s top holdings include PLTR (10.40%), NVDA (9.82%), and CRWD (8.78%). FEPI’s top holdings are META (8.12%), AAPL (7.09%), and TSLA (7.05%). These differences show AIPI leans more towards AI infrastructure and software, while FEPI has a broader large-cap technology focus including internet, hardware, and automotive sectors. The specific mix influences each fund’s risk and return profile.

How does the inception date affect the evaluation of these funds?

AIPI was launched on Jun 4, 2024, and FEPI on Oct 9, 2023. Both are relatively new funds with short track records. This limited history makes it difficult to assess how they perform across different market cycles or long-term stability. Investors should be cautious and recognize that past performance, especially over such a short period, is not indicative of future results.

Why is sector weight information important for ETF investors?

Sector weightings show how diversified a fund is across different industries, such as Technology, Healthcare, or Energy. Without this information, it is harder to understand concentration risk. If a fund is heavily weighted towards one sector, its performance will closely follow that sector’s movements. Both AIPI and FEPI have sector weights listed as 'not available', creating uncertainty about their true diversification levels.

What is the typical risk profile of a Derivative Income ETF?

Derivative Income ETFs, like AIPI and FEPI, typically use options strategies, such as writing covered calls, to generate additional income beyond the underlying stocks’ dividends. This can lead to higher yields but often caps the upside potential during strong market rallies. These funds may also carry specific risks related to the underlying equities and the derivative strategies themselves, including complexity and tax implications.

What does 'Issuer: not available' mean for investors?

When the issuer is listed as 'not available', investors cannot easily research the asset manager’s reputation, governance, or history. Knowing the issuer helps assess operational risk and credibility. Without this information, investors may need to rely on other data points like fund name, holdings, and regulatory filings to gauge the fund's legitimacy and management quality. It is a significant data gap for thorough due diligence.

What should beginners look for when comparing AIPI and FEPI?

Beginners should look at the expense ratio, net assets, dividend yield, and top holdings. Both funds have the same fee, but FEPI is larger. AIPI has a higher yield, but also a shorter track record. Investors should also check if they understand the strategy (derivative income) and note that key details like sector weights and issuer information are currently not available for either fund.

AIPI vs FEPI

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare AIPI and FEPI. This page examines fees, holdings, dividends and how each fund tracks its market. AIPI offers a 35.65% yield with $461m in assets, while FEPI provides 25.47% yield on $706m. Both have a 0.65% expense ratio. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AIPI

Metric

FEPI

0.65%

Expense Ratio

0.65%

35.65%

Dividend Yield

25.47%

$461.22M

Net Assets

$705.88M

126

Holdings

Jun 4, 2024

Inception Date

Oct 9, 2023

–

Index Tracked

–

Derivative Income

Fund Category

Derivative Income

Both funds charge the same annual fee.

Shared Top Holdings

Holding	AIPI	FEPI
PLTRPalantir Technologies Inc.	10.40%	6.62%
METAMeta Platforms, Inc.	3.52%	8.12%

Investment Analysis

AIPI

Pros

The fund offers a substantial dividend yield of 35.65% for income-focused investors.
Net assets total $461 million, indicating a moderate and established fund size.
High exposure to prominent technology firms like PLTR and NVDA may capture sector growth.

Considerations

The fund tracks no specific index, limiting transparency regarding its underlying methodology.
Sector weightings are not available, creating uncertainty about concentration risk within the portfolio.
The fund was launched in June 2024, offering a relatively short track record for evaluation.

FEPI

Pros

The fund provides a strong dividend yield of 25.47%, appealing to income seekers.
With net assets of $706 million, it represents a larger and potentially more liquid fund.
The portfolio includes established large-cap technology names like META, AAPL, and TSLA.

Considerations

The absence of a tracked index reduces clarity on the fund's investment rules and governance.
Details on sector weightings are not available, hindering precise assessment of diversification levels.
The short inception date of October 2023 limits the historical performance data available.

About AIPI and FEPI

AIPI (AIPI)

The REX AI Equity Premium Income ETF (AIPI) is an exchange-traded fund designed to generate income through derivative strategies, specifically targeting artificial intelligence-related equities. With a high expense ratio of 0.65%, it seeks to provide investors with regular payouts by selling options or using similar structures on its underlying holdings. The fund reported a substantial dividend yield of 35.65%, though it is important to note that this fund has no listed dividend in some databases, suggesting distributions may vary or be classified differently. Launched in June 2024, it holds approximately 126 positions, offering diversified exposure to the AI sector. Investors should be aware that such high-yield derivative strategies can involve significant complexity and risk, and values can fall as well as rise.

FEPI (FEPI)

The FEPI ETF, marketed as the Rex FANG & Innovation Equity Premium Income ETF, is a derivative income fund designed to generate premium income for investors. Launched in October 2023, this fund has gathered net assets of approximately USD 706 million. It holds a portfolio of 64 companies, likely focused on the technology and innovation sectors, given its name. With an expense ratio of 0.65%, it offers a structured approach to earning income through derivatives, though it is not currently distributing dividends. The fund's high target dividend yield of 25.47% suggests a strategy aimed at income generation, but potential investors should note that past performance and yields are not guarantees of future results. As with all investments, values can fluctuate.

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AIPI vs FEPI

Fund Snapshot

Investment Analysis

AIPI

Pros

Considerations

FEPI

Pros

Considerations

About AIPI and FEPI

Buy AIPI or FEPI in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the difference between the expense ratios for AIPI and FEPI?

What does an expense ratio mean for an ETF investor?

What does it mean if a fund has no specific index tracked?

How do AIPI and FEPI differ in terms of fund size?

Which fund offers a higher dividend yield, AIPI or FEPI?

Do AIPI and FEPI hold any stocks in common?

What are the top holdings for AIPI and FEPI?

How does the inception date affect the evaluation of these funds?

Why is sector weight information important for ETF investors?

What is the typical risk profile of a Derivative Income ETF?

What does 'Issuer: not available' mean for investors?

What should beginners look for when comparing AIPI and FEPI?

Fund Snapshot

About AIPI and FEPI