# T-REX 2X Long Apple Daily Target ETF (AAPX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/aapx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Rexshares · Asset class: US Equity - Strategy: Leveraged · Inception: 2024-01-11 This fund, in its typical operations, primarily utilizes financial swap agreements. These derivatives are designed to deliver daily investment exposure that is equivalent to 200% of Apple's (AAPL) stock performance, and at least 80% of the fund's net assets (plus any capital acquired through borrowing for investment purposes) is dedicated to these arrangements. The ETF executes these swap contracts with major financial institutions globally. Through these agreements, the fund and the counterparty institution exchange returns, allowing the fund to achieve a daily return that mirrors double t... ## Key Facts | Metric | Value | |---|---| | Price | $43.14 | | Expense Ratio | 1.05% | | Assets Under Management | $9.1M | | NAV | $43.36 | | Holdings Count | 5 | | Distribution Yield (TTM) | 0.47% | | Annual Distribution (TTM) | $0.20 /share | | Distribution Frequency | Annual | | 52-Week Range | $23.80 – $44.13 | | Beta | 1.72 | ## Latest Distribution - Amount: $0.2031 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does AAPX invest in? This fund, in its typical operations, primarily utilizes financial swap agreements. These derivatives are designed to deliver daily investment exposure that is equivalent to 200% of Apple's (AAPL) stock performance, and at least 80% of the fund's net assets (plus any capital acquired through borrowing for investment purposes) is dedicated to these arrangements. The ETF executes these swap contracts with major financial institutions globally. Through these agreements, the fund and the counterparty institution exchange returns, allowing the fund to achieve a daily return that mirrors double the value of its net assets, as if directly invested in AAPL. Importantly, this fund maintains a non-diversified portfolio. ### What is the expense ratio of AAPX? T-REX 2X Long Apple Daily Target ETF (AAPX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations. ### Is AAPX a good long-term hold? AAPX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does AAPX's daily reset work? AAPX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is AAPX? T-REX 2X Long Apple Daily Target ETF (AAPX) manages $9.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is AAPX actively managed or an index fund? AAPX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does AAPX pay a dividend? T-REX 2X Long Apple Daily Target ETF (AAPX) currently distributes little or no income. Trailing-twelve-month yield is 0.47%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does AAPX pay dividends? T-REX 2X Long Apple Daily Target ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is AAPX's dividend yield? AAPX's trailing-twelve-month yield is 0.47%, calculated from the sum of dividends over the past year divided by the current price. ### When is AAPX's next ex-dividend date? The most recently announced ex-dividend date for AAPX was 2025-12-24. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will AAPX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does AAPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from AAPX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does AAPX cost more than a fund like VOO? AAPX is a leveraged fund (current expense ratio 1.05%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to AAPX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as AAPX (1.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/aapx - Distribution history: https://www.dividenddata.com/funds/aapx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/aapx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/aapx/expenses - Peer comparison: https://www.dividenddata.com/funds/aapx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.