REX IncomeMax Option Strategy ETF (ULTI US)
ULTI US$5.23
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 5.23
- Change
- ▲ 0.01 (0.19)
- Bid / Ask
- 4.77 - 5.23
- Volume
- 11,649
- Turnover
- 56,504
- Open
- 5.22
- Day Range
- 5.22 - 5.24
- VWAP
- 5.22
- Prev Close
- 5.22
- Last Trade
- 29/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$15.1M
OCT 2026
Distributions
Weekly
Since inception
1.0 yrs
OCT 2025
- Legal name
- REX IncomeMax Option Strategy ETF
- Issuer
- Rex
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Derivative Income
- Category index
- CBOE S&P 500 BuyWrite BXM TR USD
- Benchmark
- N/A
- ETF net assets
- $15.1M
- Units on issue
- 2.9M
- Management fee
- 1.25% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 30 OCT 2025
- Listed
- 31 OCT 2025
Objective and strategy
The investment seeks current income; to seek exposure to the share price of select U.S.-listed securities, subject to a limit on potential investment gains is secondary consideration. The fund is an actively managed exchange-traded fund (“ETF”) that seeks current income and exposure to the share price of select U.S.-listed securities, subject to a limit on potential investment gains. Under normal circumstances, the fund will invest in Underlying Securities directly. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 93.01%Non-US equity -7.43%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 85.58 | 97.98 | 12.40 |
| Bond | 0.00 | 0.00 | 0.00 |
| Cash | 16.24 | 16.24 | 0.00 |
| Other | -1.82 | 0.00 | 1.82 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 37.19%Sensitive 36.75%Defensive 26.06%
- Basic Materials
- 0.00%
- Consumer Cyclical
- 4.77%
- Financial Services
- 32.42%
- Real Estate
- 0.00%
- Communication Services
- 9.93%
- Energy
- 0.00%
- Industrials
- 0.00%
- Technology
- 26.81%
- Consumer Defensive
- 0.00%
- Healthcare
- 26.06%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 94.92%Emerging markets 5.08%
- North America
- 94.92%
- Latin America
- 5.08%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 94.92%
- Brazil
- 5.08%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Mid Growth
Size score
129
Small
Mid
Large
Value-growth score
269
Value
Blend
Growth
Economic moat
Wide 0%Narrow 21%None 79%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 20.92%
- Mid
- 26.82%
- Small
- 41.18%
- Micro
- 11.08%
Large 21%Mid 27%Small 41%Micro 11%
- Average market cap
- $20.67B
- Number of holdings
- 62
- Shares held
- 59
Portfolio statistics · 21 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / book
- 4.29
- Price / sales
- 8.15
- Dividend yield
- 0.05%
- Assets in top 10
- 50.83%
- Return on equity
- -5.76%
- Net margin
- 3.22%
Top holdings · top 10 = 51.23% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| SanDisk Corp Ordinary Shares SNDK | 5.55 | SEP 2026 | 1.0M | USD | 600 | Technology | United States | |
| Marvell Technology Inc MRVL | 5.20 | SEP 2026 | 977,577 | USD | 3,700 | Technology | United States | |
| Hewlett Packard Enterprise Co HPE | 5.17 | SEP 2026 | 971,128 | USD | 15,200 | Technology | United States | |
| Nebius Group NV Shs Class-A- NBIS | 5.15 | SEP 2026 | 967,108 | USD | 4,100 | Communication Services | United States | |
| Strive Inc Class A ASST | 5.12 | SEP 2026 | 961,707 | USD | 32,700 | Financial Services | United States | |
| Unity Software Inc Ordinary Shares U | 5.10 | SEP 2026 | 957,762 | USD | 23,400 | Technology | United States | |
| Tempus AI Inc Class A common stock TEM | 5.01 | SEP 2026 | 941,850 | USD | 11,500 | Healthcare | United States | |
| Bloom Energy Corp Class A BE | 5.01 | SEP 2026 | 941,732 | USD | 3,400 | Industrials | United States | |
| Strategy Inc Class A MSTR | 4.97 | SEP 2026 | 933,849 | USD | 6,100 | Technology | United States | |
| Coinbase Global Inc Ordinary Shares - Class A COIN | 4.96 | SEP 2026 | 932,050 | USD | 5,000 | Financial Services | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
1.7
3M
-32.7
6M
-23.3
YTD
-20.8
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 1.75 | 2.51 | 1.85 | 32 / 330 |
| 3 months | -32.67 | -32.61 | -32.46 | 100 / 301 |
| 6 months | -23.26 | -23.51 | -22.78 | 99 / 274 |
| Year to date | -20.78 | -20.58 | -20.04 | 91 / 259 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
- Best quarter
- 46.77% · MAY 2026
- Worst quarter
- -45.67% · AUG 2026
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 1.25% p.a.
- PDS dated
- 30 APR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.0800
- Ex Date
- 22 OCT 2026
- Record Date
- 22 OCT 2026
- Pay Date
- 23 OCT 2026
- NAV at ex date
- 5.30
- Paid this year
- 0.5820
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 22 OCT 2026 | 0.0800 |
| 15 OCT 2026 | 0.0700 |
| 8 OCT 2026 | 0.0850 |
| 1 OCT 2026 | 0.0850 |
| 24 SEP 2026 | 0.0900 |
| 17 SEP 2026 | 0.0800 |
| 10 SEP 2026 | 0.0900 |
| 25 JUN 2026 | 0.0020 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
- Portfolio covered
- 49.6%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.00%
- Low
- 50.62%
- Medium
- 49.38%
- High
- 0.00%
- Severe
- 0.00%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
6.29
Low
Medium
High
Severe
Category average 8.12
- Carbon risk
- Low Risk
- Fossil fuel involvement
- 0.00%
- Category average
- 8.47%
- Portfolio covered
- 49.6%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Matthew Pelletier
- Matthew Holcomb
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 1.0 years
- Longest tenure
- 1.0 years
- Longest serving
- Matthew Pelletier, Matthew Holcomb · since 30 OCT 2025
- Most recent appointment
- Matthew Pelletier, Matthew Holcomb · since 30 OCT 2025
- Managed since
- 30 OCT 2025
- Other funds managed
- 12
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
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