Nicholas Defense and Rare Earth (WEPN)

Nicholas Defense and Rare Earth (WEPN) is an exchange-traded fund in the Industrials category. It has $6.27M in assets and an expense ratio of 1.11%. Under normal circumstances, the fund will invest at least 80% of the value of its assets, plus borrowings for investment purposes, in (i) the equity securities of Defense and Rare Earth Companies, (ii) options contracts on Defense and Rare Earth Companies, (iii) underlying funds, and (iv) options contracts and futures contracts on underlying funds. The fund is non-diversified.