Explore professionally built ETF model portfolios. Discover now →
Nicholas Fixed Income Alternative ETF
FIAX performance and flow charts
Performance
Flows
Historic performance and flows
Data as of April 7, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +0.34% | -0.70% | -0.24% | +4.25% | +9.25% | |
| Flows | -$3M | -$12M | -$12M | -$16M | +$118M | - |
Characteristics
This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
| Management strategy | Active |
| Strategy | Options Strategies |
| Provider | Nicholas Wealth Management |
| N° of holdings | 5 |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | November 30, 2022 |
| ESG | No |
More data and info about FIAX on Trackinsight
Exposure
Data as of February 28, 2026Diversification
Total weight of top 5 holdings out of 5
Top 5 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +6.39% | +5.39% | +4.39% | |
Max drawdown | -2.56% | -2.56% | -5.82% | |
Max drawdown duration | 57d | 57d | 331d | N/A |
Time to recover | N/A | N/A | 201d | N/A |
What type of ETF is FIAX?
FIAX is a Active ETF that provides exposure to Fixed Income assets. It is managed by Nicholas Wealth Management.
What does FIAX invest in?
This ETF provides exposure to US Investment Grade Government Bonds. It is part of the segment: Options Strategies.
What is the expense ratio of FIAX?
The total expense ratio (TER) of FIAX is 0.95%, representing the annual fee charged by the fund manager.
When was FIAX launched?
FIAX was launched on November 30, 2022, marking its entry into the ETF market.
Who is the issuer of FIAX?
FIAX is issued by Nicholas Wealth Management.
What is the AUM of FIAX?
As of April 7, 2026, FIAX manages $136.04 M, reflecting the total assets held in the fund.
How has FIAX performed recently?
As of April 7, 2026, FIAX delivered a return of 0.34% over the past month (1M performance), -0.7% over the past three months (3M), and -0.24% year-to-date (YTD).
What are the recent fund flows for FIAX?
As of April 7, 2026, FIAX has seen net flows of -$3M in the past month (1M flow) and -$12M year-to-date (YTD).
Does FIAX pay dividends?
As of April 7, 2026, FIAX has a trailing 12-month distribution yield of 8.25%.
How many holdings are in FIAX
As of February 28, 2026, FIAX holds 5 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is FIAX?
As of February 28, 2026, FIAX holds 5 securities.
What are the top holdings of FIAX?
As of February 28, 2026, FIAX holds a portfolio of 5 underlyings, with its largest positions including US91282CNH06, USA, Notes 4.625% 15oct2026, USD (AT-2026) and US912797TR84. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does FIAX invest in?
As of February 28, 2026, FIAX has its largest geographic exposures in USA.
What sectors or themes does FIAX focus on?
As of February 28, 2026, FIAX is primarily exposed to Sovereign.
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
ETF Trends
ETF Industry KPIs March 30, 2026
The ETF Industry saw 33 New Launches, 1 Ticker Change and 9 closures last week.
Asset TV
The ETF Show - Private Market ETFs Have Huge Demand, But Liquidity Concerns
Jerry Prior, COO and CIO of Managed Futures at Mount Lucas Management spoke with The ETF Show about the growing demand for private market access inside the ETF wrapper, and the concerns over illiquidity.
Asset TV
The ETF Show - Option Income ETF Strategies
Will Rhind, Founder & CEO of GraniteShares joins The ETF Show to discuss option income ETF strategies and their growing popularity amongst investors.
ETF Trends
ETF Industry KPIs March 23, 2026
The ETF industry saw 12 new launches, 3 conversions, 1 ETF share class addition, 1 ticker change, and 6 closures last week.
Browse all educational columns
Have you tried our ETF Compare tool?
Compare ETFs like a pro. Analyze fees, performance, exposure & holdings side-by-side.