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WEPN · ARCA · ETF

Nicholas Defense and Rare Earth Income ETF (WEPN) Price, Holdings & Fees

$714.96−0.51%−$3.67End-of-day price as of Oct 9, 2026

Nicholas Defense and Rare Earth Income ETF (WEPN) closed at $714.96 on Oct 9, 2026, down 0.51% from the previous close of $718.63.

Share price, past year

1Y +12.07%

52-week range $601.16 – $787.54. Daily closing prices.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$714.96
Sep 30, 2026$702.42
Aug 31, 2026$744.39
Jul 31, 2026$780.11
Jun 30, 2026$751.50
May 29, 2026$724.94
Apr 30, 2026$684.25
Mar 31, 2026$666.43
Feb 27, 2026$638.81
Jan 30, 2026$647.77
Dec 31, 2025$654.22
Nov 28, 2025$622.25
Oct 31, 2025$602.81

Key statistics

Expense ratio
1.11%
as of Jan 31, 2026
Net assets
$6.1M
as of Jul 31, 2026
Holdings
80
as of Jul 31, 2026
52-week range
$601.16 – $787.54

Nicholas Defense and Rare Earth Income ETF's expense ratio is 1.11%: $111.00 a year on $10,000 invested.

Holdings

Nicholas Defense and Rare Earth Income ETF held 80 investments worth $6.08M as of Jul 31, 2026. Its largest holding was Palo Alto Networks Inc, at 9.96% of the fund.

Nicholas Defense and Rare Earth Income ETF largest holdings by share of net assets
#Holding% of fundValue
1Palo Alto Networks IncPANW9.96%$605.26K
2Crowdstrike Holdings IncCRWD8.97%$545.10K
3Invesco DB Base Metals FundDBB7.15%$434.66K
4SPACEXSPCX6.32%$384.39K
5VanEck Steel ETFSLX4.75%$288.91K
6RTX CorpRTX4.58%$278.71K
7Axon Enterprise IncAXON4.17%$253.32K
8Lockheed Martin CorpLMT3.86%$234.84K
9Palantir Technologies IncPLTR3.84%$233.69K
10abrdn Physical Platinum SharesPPLT3.79%$230.20K
11United States Copper Index FunCPER3.71%$225.53K
12CACI International IncCACI3.59%$218.01K
13BWX Technologies IncBWXT3.51%$213.57K
14AeroVironment IncAVAV3.38%$205.23K
15Ondas IncONDS3.27%$198.57K
16Huntington Ingalls IndustriesHII3.26%$198.48K
17Northrop Grumman CorpNOC3.20%$194.75K
18Global X Lithium & Battery Tech ETFLIT3.12%$189.94K
19Global X Uranium ETFURA2.37%$143.89K
20Kratos Defense & Security SoluKTOS2.35%$143.11K
21Sociedad Quimica y Minera de CSQM2.01%$122.32K
22USA Rare Earth IncUSAR1.63%$99.03K
23Alcoa CorpAA1.61%$97.63K
24Albemarle CorpALB1.50%$91.41K
25MP Materials CorpMP1.48%$89.98K

Top 25 of 80 holdings, as of Jul 31, 2026. Percentages are of the fund's net assets.

What the fund owns

Nicholas Defense and Rare Earth Income ETF holdings by asset type
Asset type% of fund
Stocks101.37%
Cash and short-term investments0.03%
Derivatives−1.66%
Nicholas Defense and Rare Earth Income ETF holdings by country, largest 3
Country% of fund
United States97.26%
Chile2.01%
Australia0.47%

Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.

Monthly total returns

Over the 3 months to Jul 31, 2026, Nicholas Defense and Rare Earth Income ETF's total return was −6.97%, as reported to the SEC.

Nicholas Defense and Rare Earth Income ETF monthly total returns
MonthTotal return
Jul 31, 2026−5.06%
Jun 30, 2026−8.95%
May 31, 2026+7.62%

The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.

Fund profile

Name
Nicholas Defense and Rare Earth Income ETF
Ticker
WEPN
Exchange
ARCA
Fund type
ETF
Trust
Tidal Trust II
SEC series ID
S000101213
SEC CIK
0001924868
Fractional shares
No

Recent SEC filings

Shareholder reports and prospectuses are filed by Tidal Trust II, the trust behind Nicholas Defense and Rare Earth Income ETF, and cover all of its funds.

Frequently asked questions

What is WEPN's price?

Nicholas Defense and Rare Earth Income ETF (WEPN) closed at $714.96 on Oct 9, 2026, down 0.51% from the previous close of $718.63.

What is WEPN's expense ratio?

Nicholas Defense and Rare Earth Income ETF's expense ratio is 1.11%: $111.00 a year on $10,000 invested.

What does WEPN hold?

Nicholas Defense and Rare Earth Income ETF held 80 investments worth $6.08M as of Jul 31, 2026. Its largest holding was Palo Alto Networks Inc, at 9.96% of the fund. Its five largest holdings were Palo Alto Networks Inc, Crowdstrike Holdings Inc, Invesco DB Base Metals Fund, SPACEX, VanEck Steel ETF.

How has WEPN performed?

Over the 3 months to Jul 31, 2026, Nicholas Defense and Rare Earth Income ETF's total return was −6.97%, as reported to the SEC.

Sources and methodology

Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jul 31, 2026 (filed Sep 28, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Jan 31, 2026. Prices are generated sample data for development. Data sources and disclosures