Nicholas Fixed Income Alternative ETF (FIAX)
- Expense ratio1.07%
- Net assets$120.6M
- Dividend yield6.63%
- 1-year return+3.05%
- Holdings1
FIAX ETF price chart
FIAX quote & trading statistics
FIAX performance
Annual returns & drawdowns →- YTD+2.08%
- 1 year+3.05%
- 3 years+3.78%/yr
- 1Y volatility
- 2.94%
- 3Y volatility
- 4.09%
- 3Y Sharpe ratio
- -0.32
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
FIAX holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | FGXXX | First American Funds Inc. - Government Obligations Fund | 0.28% |
This holding makes up 0.3% of the fund. As of October 24, 2026.
About Nicholas Fixed Income Alternative ETF
Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in U.S. Treasury fixed income securities. The fund typically writes index put options and call options with weekly, monthly, and quarterly expirations. The fund will generally have up to ten credit spreads at any given time, with up to 20% exposure to a single ETF or index credit spread (measured at the time of purchase). It is non-diversified.
FIAX ETF FAQ
What is the FIAX expense ratio?
Nicholas Fixed Income Alternative ETF has a net expense ratio of 1.07%, or $107.00 a year for every $10,000 invested.
How much money is in FIAX?
Nicholas Fixed Income Alternative ETF has about $120.6M in net assets.
What are the top holdings of FIAX?
The largest positions in FIAX are First American Funds Inc. - Government Obligations Fund (0.28%). The fund holds 1 securities in total.
How has FIAX performed?
FIAX returned +3.05% over the past year, including reinvested distributions.
Does FIAX pay dividends?
FIAX has a dividend yield of 6.63%.
When was FIAX launched?
Nicholas Fixed Income Alternative ETF began trading on November 29, 2022.