ETF profile for Nicholas Defense And Rare Earth Income ETF (WEPN) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
WEPN ETF Profile
| Family: |
Xfunds |
| Name: |
Nicholas Defense and Rare Earth Income ETF |
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| Inception Date: |
3-Mar-2026 |
| Termination Date: |
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| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that primarily seeks capital appreciation, with a secondary objective of current income. The Fund's strategy includes three components: (i) Equity Portfolio: holding equity shares of companies engaged in national defense, aerospace, intelligence, weapons systems, cybersecurity, defense electronics, and other defense technology applications, as well as companies involved in the producing, refining, and recycling of rare earth and strategic metals and minerals ("Defense and Rare Earth Companies"); (ii) Commodities Portfolio: providing direct and/or indirect exposure to the price returns of select U.S.-listed exchange-traded funds ("ETFs") and/or exchange-traded products (together with ETFs, "Underlying Funds") that seek exposure to strategic metals and minerals, including Aluminum, Copper, Uranium, Lithium, Cobalt , Steel, and Platinum; and (iii) Options Overlay: generating options premiums through an options portfolio (the "Options Strategies"), which involves using options contracts on the individual holdings of the equity portfolio as well as the Underlying Funds (collectively, the "Underlying Securities"). The Fund will also hold cash or U.S. Treasuries as collateral to support the Fund's derivatives transactions. |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
125,000 |
| Total Net Assets: |
4,340,125 |
| NAV: |
34.67 |
| Net Expense Ratio: |
1.11% |
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| Asset Class: |
Target Date / Multi-Asset |
| Developed or Emerging: |
Funds Combining Developed & Emerging Exposure |
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| Strategy: |
Covered Call Strategy |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Global |
