REX Defensive Autocallable Income ETF (DACL)

The REX Defensive Autocallable Income ETF is an income-oriented fund from REX Shares that seeks to provide current income through exposure to autocallable structured notes or option strategies that replicate them.

Autocallables pay a regular coupon as long as a reference index stays above a set barrier level and are redeemed early when the reference rises above a call level. The fund emphasizes defensive terms, such as lower barrier levels, to give its income stream more protection against moderate market declines, while large declines can still cause losses.

Holdings are collateralized primarily with short-term U.S. Treasury securities.