REX Files AI Leaders ETF With 50% Covered Call Strategy

The REX AI Growth & Income ETF will pair AI-focused equities with a covered call strategy targeting roughly 50% of the portfolio. The actively-managed fund will hold companies from the BITA AI Leaders Select Index, which allocates 40% to AI “Purity Leaders” deriving at least half their revenue from AI themes and 60% to key AI enablers. REX plans to overwrite about 12.5% of the portfolio weekly using staggered call options, targeting a 50% total overwrite. The approach seeks option income while leaving roughly half the portfolio uncapped to capture AI-stock gains, though calls can limit upside on covered positions.