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Nicholas Fixed Income Alternative ETF
FIAX performance and flow charts
Performance
Flows
Historic performance and flows
Data as of July 17, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | +0.55% | +0.83% | +2.12% | +5.52% | +10.74% | |
| Flows | -$1M | -$5M | -$18M | -$24M | +$112M | - |
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 | 4 |
| 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 May 31, 2026Diversification
Total weight of top 4 holdings out of 4
Top 4 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +5.71% | +5.39% | +4.66% | |
Max drawdown | -2.20% | -2.56% | -5.82% | |
Max drawdown duration | 22d | 66d | 331d | N/A |
Time to recover | 14d | 18d | 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 0.97%, 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 July 17, 2026, FIAX manages $129.90 M, reflecting the total assets held in the fund.
How has FIAX performed recently?
As of July 17, 2026, FIAX delivered a return of 0.55% over the past month (1M performance), 0.83% over the past three months (3M), and 2.12% year-to-date (YTD).
What are the recent fund flows for FIAX?
As of July 17, 2026, FIAX has seen net flows of -$1M in the past month (1M flow) and -$18M year-to-date (YTD).
Does FIAX pay dividends?
As of July 17, 2026, FIAX has a trailing 12-month distribution yield of 8.19%.
How many holdings are in FIAX
As of May 31, 2026, FIAX holds 4 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 May 31, 2026, FIAX holds 4 securities.
What are the top holdings of FIAX?
As of May 31, 2026, FIAX holds a portfolio of 4 underlyings, with its largest positions including USA, Notes 4.625% 15oct2026, USD (AT-2026), US91282CNH06 and US91282CQG95. 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 May 31, 2026, FIAX has its largest geographic exposures in USA.
What sectors or themes does FIAX focus on?
As of May 31, 2026, FIAX is primarily exposed to Sovereign.
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