Nicholas Fixed Income Alternative ETF

1D
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About FIAX

FIAX is an actively managed fund that seeks to provide income by holding a short-term portfolio of US Treasury securities and using a vertical option spread strategy across multiple asset classes. 

Category
Nontraditional Bond
CategoryNontraditional Bond
Number of holdings
14
Number of holdings14
Inception Date
Nov 29, 2022
Inception DateNov 29, 2022

What's in this fund

Sectors

As of July 23, 2026
Government Bonds74.53%
Cash & Equivalents25.47%

Top 10 Holdings (102.51% of total assets)

As of July 23, 2026
NameSymbol% Assets
United States Treasury Notes 3.88%24.99%
United States Treasury Notes 4.63%24.86%
United States Treasury Notes 3.88%23.22%
United States Treasury Notes 3.88%22.58%
United States Treasury Bonds 4.5%2.43%
Call On S&P 500 Sep261.99%
Put On S&P 500 Jul261.05%
Put On S&P 500 Jul260.67%
Call On S&P 500 Jul260.50%
Call On S&P 500 Jul260.22%

FIAX Key Statistics

AUM
129.45M
AUM129.45M
Price-Earnings ratio
Price-Earnings ratio
30-Day yield
3.15
30-Day yield3.15
Average volume
11.66K
Average volume11.66K
High today
$17.46
High today$17.46
Low today
$17.39
Low today$17.39
Open price
$17.42
Open price$17.42
Volume
13.09K
Volume13.09K
52 Week high
$18.30
52 Week high$18.30
52 Week low
$17.29
52 Week low$17.29
Expense ratio
0.97
Expense ratio0.97

Stock Snapshot

With a market cap of 129.74M, Nicholas Fixed Income Alternative ETF(FIAX) trades at $17.44.

On 2026-07-25, Nicholas Fixed Income Alternative ETF(FIAX) stock traded between a low of $17.39 and a high of $17.46. Shares are currently priced at $17.44, which is +0.3% above the low and -0.1% below the high.

Nicholas Fixed Income Alternative ETF(FIAX) shares are trading with a volume of 13.09K, against a daily average of 11.66K.

During the past year, Nicholas Fixed Income Alternative ETF(FIAX) stock moved between $17.29 at its lowest and $18.30 at its peak.

During the past year, Nicholas Fixed Income Alternative ETF(FIAX) stock moved between $17.29 at its lowest and $18.30 at its peak.

Average Annual Return

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All investments involve risks, including the loss of principal. Performance data represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate and are subject to market volatility. An investment, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Options are risky and aren’t suitable for all investors. To learn more about risks, read the Options Disclosure Document.