WEPN Nicholas Defense and Rare Earth Income ETF
Issuer
Nicholasx
Inception
Mar 2, 2026
AUM
$4.5M
Expense ratio
1.11%
Yield
10.29%
Asset class
Equity
Holdings
107
Last price
$36.25
The Nicholas Defense and Rare Earth Income ETF (the Fund) primarily aims to achieve capital growth. Its secondary objective is to provide a consistent stream of current income.
-28.3%
2026-03-03low 34.72 · high 49.552026-11-13
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| WEPN | -11.4% | -22.7% | -26.3% | -26.3% | -9.7% | -5.9% |
| Equity average (4725 funds) | -2.2% | -4.7% | +3008.3% | +1886.0% | +15.1% | +2.6% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$45K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| MP MP Materials Corp | 1.34% | $3.4M | $0 |
Holdings · as of Nov 13, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | CRWD Crowdstrike Holdings Inc | 10.95% |
| 2 | PANW Palo Alto Networks Inc | 10.22% |
| 3 | SPCX Space Exploration Technologies Corp | 8.30% |
| 4 | DBB Invesco DB Base Metals Fund | 7.12% |
| 5 | PLTR Palantir Technologies Inc | 5.48% |
| 6 | CACI CACI International Inc | 4.73% |
| 7 | SLX VanEck Steel ETF | 4.59% |
| 8 | RTX RTX Corp | 4.36% |
| 9 | LMT Lockheed Martin Corp | 4.11% |
| 10 | CPER United States Copper Index Fund | 3.60% |
| 11 | PPLT abrdn Physical Platinum Shares ETF | 3.58% |
| 12 | NOC Northrop Grumman Corp | 3.30% |
| 13 | HII Huntington Ingalls Industries Inc | 3.18% |
| 14 | AVAV AeroVironment Inc | 2.86% |
| 15 | LIT Global X Lithium & Battery Tech ETF | 2.81% |
| 16 | BWXT BWX Technologies Inc | 2.66% |
| 17 | ONDS Ondas Inc | 2.54% |
| 18 | AXON Axon Enterprise Inc | 2.53% |
| 19 | URA Global X Uranium ETF | 2.07% |
| 20 | KTOS Kratos Defense & Security Solutions Inc | 1.89% |
| 21 | SQM Sociedad Quimica y Minera de Chile SA | 1.67% |
| 22 | AA Alcoa Corp | 1.48% |
| 23 | MP MP Materials Corp | 1.34% |
| 24 | ALB Albemarle Corp | 1.25% |
| 25 | CRML Critical Metals Corp | 1.19% |
| 26 | USAR USA Rare Earth Inc | 0.92% |
| 27 | AREC American Resources Corp | 0.76% |
| 28 | UUUU Energy Fuels Inc/Canada | 0.69% |
| 29 | WEPN First American Government Obligations Fund 12/01/2031 | 0.58% |
| 30 | IPX IperionX Ltd | 0.37% |
Sector breakdown
Technology41.0%
Industrials40.4%
Basic Materials15.6%
Energy2.5%
Consumer Cyclical0.3%
Utilities0.1%
Cash & Others0.0%
Country breakdown
United States88.1%
United Kingdom2.6%
Chile2.1%
Australia1.6%
Canada1.2%
China1.1%
Japan0.8%
South Korea0.8%
Brazil0.5%
Taiwan0.3%
Hong Kong0.1%
Sweden0.1%
Distributions
| Date | Per unit |
|---|---|
| Nov 10, 2026 | $0.0800 |
| Nov 3, 2026 | $0.0940 |
| Oct 27, 2026 | $0.0888 |
| Oct 20, 2026 | $0.0915 |
| Oct 14, 2026 | $0.0975 |
| Oct 6, 2026 | $0.0961 |
| Sep 29, 2026 | $0.0992 |
| Sep 22, 2026 | $0.0997 |
| Sep 15, 2026 | $0.0974 |
| Sep 9, 2026 | $0.1013 |
| Sep 1, 2026 | $0.1065 |
| Aug 25, 2026 | $0.1019 |
| Aug 18, 2026 | $0.1080 |
| Aug 11, 2026 | $0.1013 |
| Aug 4, 2026 | $0.0931 |
| Jul 28, 2026 | $0.0935 |
| Jul 21, 2026 | $0.0944 |
| Jul 14, 2026 | $0.0982 |
| Jul 7, 2026 | $0.1001 |
| Jun 30, 2026 | $0.0938 |
| Jun 23, 2026 | $0.1020 |
| Jun 16, 2026 | $0.1028 |
| Jun 9, 2026 | $0.1082 |
| Jun 2, 2026 | $0.1093 |
| May 27, 2026 | $0.1036 |
| May 19, 2026 | $0.1041 |
| May 12, 2026 | $0.1112 |
| May 5, 2026 | $0.1036 |
| Apr 28, 2026 | $0.1033 |
| Apr 21, 2026 | $0.1063 |
| Apr 14, 2026 | $0.1022 |
| Apr 7, 2026 | $0.1014 |
| Mar 31, 2026 | $0.1010 |
| Mar 24, 2026 | $0.2172 |
| Mar 17, 2026 | $0.2186 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in WEPN in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error