AIPI Fees and Costs — REX AI Equity Premium Income ETF
Data updated: 2026-10-02
The net expense ratio is 65.00%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $969K in broker commissions, 0.2618% of average net assets, and portfolio turnover was 46%.
AIPI Fees and Expenses
Annual operating expenses and sales charges of AIPI. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 65.00% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 65.00% |
| Fee waiver | — |
| Net expense ratio | 65.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AIPI Costs Over Time
On $10,000 invested in AIPI, assuming 5% a year before costs, total costs come to $12,698 over 5 years, cutting the return by 68.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 65.00%) | $6,825 | $10,222 | $10,674 |
| Trading costs (broker commissions) | $27 | $41 | $43 |
| Lost growth on money paid in costs | $0 | $827 | $1,981 |
| Total costs | $6,852 | $11,091 | $12,698 |
| Value after costs | $3,648 | $485 | $65 |
| Impact on return, per year | 68.52% | 68.52% | 68.52% |
AIPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2618%
- Total broker commissions: $969K
- Bought from dealers (principal trades, not a cost): $376.0M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
AIPI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $881K | 90.92% |
| Old Mission Markets LLC | $70K | 7.23% |
| Goldman Sachs & Co. LLC | $17K | 1.74% |
| Citigroup Global Markets Inc. | $1K | 0.10% |
| Wells Fargo Securities, LLC | $38 | 0.00% |
| GTS Securities, LLC | $28 | 0.00% |
AIPI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $193.9M | 51.56% |
| Goldman Sachs & Co. LLC | $151.4M | 40.26% |
| Morgan Stanley & Co. LLC | $22.1M | 5.89% |
| J.P. Morgan Securities LLC | $8.6M | 2.29% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.