Nicholas Defense and Rare Earth Income ETF (WEPN) Stock Price, Quote, News & History | Benzinga

In order to achieve its investment objective, Equity Portfolio as holding equity shares of companies engaged in national defense, aerospace, intelligence, weapons systems, cybersecurity, defense electronics, and other defense technology applications, as well as companies involved in the producing, refining, and recycling of rare earth and strategic metals and minerals (Defense and Rare Earth Companies), Commodities Portfolio as providing direct or indirect exposure to the price returns of select U.S.-listed exchange-traded funds (ETFs) or exchange-traded products (together with ETFs, Underlying Funds) that seek exposure to strategic metals and minerals, including Aluminum, Copper, Uranium, Lithium, Cobalt , Steel, and Platinum, and Options Overlay as generating options premiums through an options portfolio (the Options Strategies), which involves using options contracts on the individual holdings of the equity portfolio as well as the Underlying Funds (collectively, the Underlying Securities).