New Covered Call ETF on FANG & Innovation Stocks

REX Shares (“REX”), a leader in exchange-traded products, announces the launch of the REX FANG & Innovation Equity Premium Income ETF (Nasdaq: FEPI). This groundbreaking ETF is designed to provide exposure to innovative, large-cap technology stocks along with the potential for high monthly income using a sophisticated covered call strategy.

FEPI offers investors unique access to the 15 biggest US technology stocks through the FANG & Innovation Index, and seeks to turn the volatility of these top-performers into a steady income source. This approach not only seeks to facilitate monthly distributions to investors without K-1s but also serves as a potential downside cushion against the tech sector's volatility, all in an accessible ETF product.

"We created FEPI to address a glaring market need; provide access to just the leaders in ‘Big Tech’ and use the volatility from these stocks to provide potential high income by selling out of the money call options on them,” says Scott Acheychek, CEO of REX. “This allows for upside participation in the important tech stocks that continue to drive the overall market while at the same time providing income which can also serve as a buffer against market downturns. FEPI is our present solution for income, paving the way for more option-based innovations from the REX Shares team."

For more information on REX Shares and FEPI, please visit www.rexshares.com

About REX Shares:

REX is an innovative ETF provider that specializes in alternative-strategy ETFs and ETNs. The firm created the MicroSectorsTM product line of leveraged & inverse tools for traders and recently launched the first of a series of option-based income strategies. The firm is rooted in decades of experience building inventive solutions that solve for a range of specific challenges in investor and trader portfolios.

Investors should consider the investment objectives, risk, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the FEPI ETF please call (toll free phone number) or visit the (fund website). Read The prospectus and summary prospectus carefully before investing.

Important Risks

Industry Concentration Risk. In following its methodology, the Index from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or industry group. To the extent that the Index concentrates in the securities of issuers in a particular industry or industry group, the Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, the Fund may face more risks than if it were diversified broadly over numerous industries or industry groups.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation, and legal restrictions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period. This means that if the individual stocks comprising the Index experiences an increase in value above the strike price of the sold call options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the individual stocks comprising the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the individual stocks comprising the Index over each Call Period, but has full exposure to any decreases in value experienced by the individual stocks comprising the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

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.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent to which the Fund participates in the positive price returns of the individual stocks comprising the Index and, in turn, the Fund’s returns, both during the term of the sold call options and over longer time periods.

Technology Industry Risk. The stock prices of technology and technology-related companies and, therefore, the value of the Fund, may experience significant price movements as a result of intense market volatility, worldwide competition, consumer preferences, product compatibility, product obsolescence, government regulation, excessive investor optimism or pessimism, or other factors.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risk is greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

New Adviser Risk. The Adviser is newly formed and has not previously managed an ETF. Accordingly, investors in the Fund bear the risk that the Adviser’s inexperience may limit its effectiveness.

The REX Shares ETFs are distributed by Foreside Fund Services, LLC.

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