Nicholas Defense and Rare Earth Income ETF
No trades
Key stats
About Nicholas Defense and Rare Earth Income ETF
Home page
Inception date
Mar 3, 2026
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Nicholas Wealth LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US88636X2606
WEPN aims for weekly distribution by blending equity, commodity, and options-based strategies within defined weights. Target allocations range from 25 to75% in equities, 25 to 50% in commodities, and 25 to 50% in options overlay. First, the fund invests in specific defense and rare earth industry companies, across the US and international markets, including emerging markets. Second, WEPN obtains direct or synthetic long exposure through US-listed ETFs and ETPs, using futures and options to mirror the price performance of strategic metals and minerals. Lastly, the fund overlays options strategies such as synthetic covered calls, credit call spreads, credit put spreads, collars, and other spread structures on its positions. This generates premium income but may limit upside potential. The fund holds short-term fixed-income as collateral. Up to 25% of total assets may be invested in a Cayman Islands subsidiary. A portion of distributions may be classified as return of capital.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
ETF
Stocks77.30%
Electronic Technology37.31%
Technology Services21.90%
Non-Energy Minerals8.38%
Process Industries3.78%
Producer Manufacturing2.23%
Energy Minerals1.38%
Bonds, Cash & Other22.70%
ETF20.88%
Mutual fund4.87%
Cash0.05%
Rights & Warrants−3.10%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
WEPN trades at 43.01 USD today, its price has fallen −1.54% in the past 24 hours. Track more dynamics on WEPN price chart.
WEPN net asset value is 43.08 today — it's fallen 2.01% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
WEPN assets under management is 6.64 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
WEPN fund flows account for 7.48 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
WEPN invests in stocks. See more details in our Analysis section.
WEPN expense ratio is 1.11%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, WEPN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, WEPN pays dividends to its holders with the dividend yield of 3.66%.
WEPN trades at a premium (0.28%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
WEPN shares are issued by Nicholas Wealth LLC
WEPN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 3, 2026.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.