ULTI Fees and Costs — REX IncomeMax Option Strategy ETF
Data updated: 2026-08-31
The net expense ratio is 1.32%: a 1.25% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $273K in broker commissions, 3.7011% of average net assets, and portfolio turnover was 1253%.
ULTI Fees and Expenses
Annual operating expenses and sales charges of ULTI. Prospectus, as of April 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| 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 |
ULTI Costs Over Time
On $10,000 invested in ULTI, assuming 5% a year before costs, total costs come to $2,898 over 5 years, cutting the return by 5.27% 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 1.32%) | $139 | $415 | $689 |
| Trading costs (broker commissions) | $389 | $1,163 | $1,933 |
| Lost growth on money paid in costs | $0 | $80 | $276 |
| Total costs | $527 | $1,658 | $2,898 |
| Value after costs | $9,973 | $9,919 | $9,865 |
| Impact on return, per year | 5.27% | 5.27% | 5.27% |
ULTI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 3.7011%
- Total broker commissions: $273K
- Bought from dealers (principal trades, not a cost): $413K
- Portfolio turnover (prospectus): 1253%
- Securities lending: none during the year
ULTI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $228K | 83.70% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $44K | 16.30% |
ULTI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CANTOR FITZGERALD & CO. | $413K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.