Nicholas Fixed Income Alternative ETF

FIAX

Market cap $131M

Nicholas Fixed Income Alternative ETF is an ETF with a core treasuries position and an options overlay strategy. The fund uses call spreads and put spreads in order to cap the downside and the upside. The fund's volatility is low, but its performance in the past year has been very disappointing.

Nicholas Fixed Income Alternative ETF has an 8.7% yield from treasuries and option spreads in various asset categories, including equity sectors, metals, and VIX. The monthly distribution of FIAX has been steady for almost two years, but the fund has suffered a decay in value. FIAX has underperformed SHY and some income ETFs with various strategies, lower fees, and higher liquidity.

FIAX aims to outperform the Bloomberg US Aggregate Bond Index by holding U.S. treasuries and using options strategies to enhance returns.

MARIETTA, Ga., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Nicholas Wealth, a leading provider of actively managed income ETFs, just announced that the Nicholas Fixed Income Alternative ETF (FIAX) now has $100,000,000 in assets under management.

Nicholas Wealth, a leading provider of actively managed income ETFs, announced monthly distributions of 24.00% on the Nicholas Global Equity and Income ETF

NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Nicholas Wealth, a leading provider of actively managed income ETFs, just announced increased monthly distributions to 8.04% on the Nicholas Fixed Income Alternative ETF (FIAX).

ATLANTA, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Nicholas Wealth, a leading provider of actively managed income ETFs, just announced monthly distributions on the Nicholas Global Equity and Income ETF (GIAX).

ATLANTA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Nicholas Wealth today announced a 7.01% distribution yield, up from 6.56%, for the Nicholas Fixed Income Alternative ETF (FIAX). The dividend is payable on 12/19/2023 to shareholders of record at the close of trading day on 12/14/2023.

ATLANTA , Nov. 14, 2023 /PRNewswire/ -- Nicholas Wealth Management's first actively managed exchange-traded fund (ETF), the Nicholas Fixed Income Alternative ETF (NYSE: FIAX) hit $50 million in assets in less than 12 months in existence. "This is such a tremendous milestone for our fund" said David Nicholas, Portfolio Manager of FIAX.