Nicholas Defense and Rare Earth Income ETF WEPN
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 1.11%
- Net assets
- $6.1M
- Holdings
- 80
- 12-month distribution yield
- 2.42%
- Asset class
- Equity
Nicholas Defense and Rare Earth Income ETF (WEPN) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Nicholas. Its category is Equity · US (equity). Its last price was US$38.59 on 20 Oct 2026. Its expense ratio is 1.11% a year, from its prospectus dated 4 Feb 2026. It reported net assets of US$6.08 million as of 31 Jul 2026. Its latest holdings report lists 80 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$0.93 a unit, a 12-month distribution yield of 2.42%, paid weekly.
Fees
- Total annual operating expenses (gross)
- 1.11%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.99%
- Prospectus date
- 4 Feb 2026
- Filed with the SEC
- 4 Feb 2026
Size and reporting
- Net assets
- $6,079,133
- Total assets
- $6,307,574
- Holdings as of
- 31 Jul 2026
- Report made public
- 28 Sep 2026 (59 days after the month end)
Top holdings
Largest 25 of 80 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | Palo Alto Networks Inc | US6974351057 | 9.96% | $605K | Equity (common) | United States | USD |
| 2 | Crowdstrike Holdings Inc | US22788C1053 | 8.97% | $545K | Equity (common) | United States | USD |
| 3 | Invesco DB Base Metals Fund | US46140H7008 | 7.15% | $435K | Equity (common) | United States | USD |
| 4 | SPACEX Space Exploration Technologies Corp | US84615Q1031 | 6.32% | $384K | Equity (common) | United States | USD |
| 5 | VanEck Steel ETF | US92189F2056 | 4.75% | $289K | Equity (common) | United States | USD |
| 6 | RTX Corp | US75513E1010 | 4.58% | $279K | Equity (common) | United States | USD |
| 7 | Axon Enterprise Inc | US05464C1018 | 4.17% | $253K | Equity (common) | United States | USD |
| 8 | Lockheed Martin Corp | US5398301094 | 3.86% | $235K | Equity (common) | United States | USD |
| 9 | Palantir Technologies Inc | US69608A1088 | 3.84% | $234K | Equity (common) | United States | USD |
| 10 | abrdn Physical Platinum Shares abrdn Physical Platinum Shares ETF | US0032601066 | 3.79% | $230K | Equity (common) | United States | USD |
| 11 | United States Copper Index Fun United States Copper Index Fund | US9117181043 | 3.71% | $226K | Equity (common) | United States | USD |
| 12 | CACI International Inc | US1271903049 | 3.59% | $218K | Equity (common) | United States | USD |
| 13 | BWX Technologies Inc | US05605H1005 | 3.51% | $214K | Equity (common) | United States | USD |
| 14 | AeroVironment Inc | US0080731088 | 3.38% | $205K | Equity (common) | United States | USD |
| 15 | Ondas Inc | US68236H2040 | 3.27% | $199K | Equity (common) | United States | USD |
| 16 | Huntington Ingalls Industries Huntington Ingalls Industries Inc | US4464131063 | 3.26% | $198K | Equity (common) | United States | USD |
| 17 | Northrop Grumman Corp | US6668071029 | 3.20% | $195K | Equity (common) | United States | USD |
| 18 | Global X Lithium & Battery Tech ETF | US37954Y8553 | 3.12% | $190K | Equity (common) | United States | USD |
| 19 | Global X Uranium ETF | US37954Y8710 | 2.37% | $144K | Equity (common) | United States | USD |
| 20 | Kratos Defense & Security Solu Kratos Defense & Security Solutions Inc | US50077B2079 | 2.35% | $143K | Equity (common) | United States | USD |
| 21 | Sociedad Quimica y Minera de C Sociedad Quimica y Minera de Chile SA | US8336351056 | 2.01% | $122K | Equity (common) | Chile | USD |
| 22 | USA Rare Earth Inc | US91733P1075 | 1.63% | $99K | Equity (common) | United States | USD |
| 23 | Alcoa Corp | US0138721065 | 1.61% | $98K | Equity (common) | United States | USD |
| 24 | Albemarle Corp | US0126531013 | 1.50% | $91K | Equity (common) | United States | USD |
| 25 | MP Materials Corp | US5533681012 | 1.48% | $90K | Equity (common) | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Equity (common) | 101.37% | |
| Equity derivatives | -1.66% | |
| Short-term investment vehicles (cash funds) | 0.03% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 97.26% | |
| Chile | 2.01% | |
| Australia | 0.47% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.74% |
Sector
| Sector | Weight | Bar |
|---|---|---|
| Industrials | 34.57% | |
| Technology | 26.35% | |
| Basic Materials | 1.48% |
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $0.9320
- 12-month yield
- 2.42%
- Frequency
- Weekly
- Latest ex-date
- 14 Oct 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($0.9320) ÷ latest price ($38.59) × 100 = 2.42%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (8 payments)
| Ex-date | Amount per unit |
|---|---|
| 14 Oct 2026 | $0.0980 |
| 5 May 2026 | $0.1040 |
| 28 Apr 2026 | $0.1030 |
| 21 Apr 2026 | $0.1060 |
| 14 Apr 2026 | $0.1020 |
| 7 Apr 2026 | $0.1010 |
| 31 Mar 2026 | $0.1010 |
| 24 Mar 2026 | $0.2170 |
Filings and sources
- Form N-PORT report for July 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000101213) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- WEPN and VTI Vanguard Morningstar Total Stock Market ETF
- WEPN and VOO Vanguard S&P 500 ETF
- WEPN and IVV iShares Core S&P 500 ETF
- WEPN and QQQ Invesco QQQ Trust, Series 1