Nicholas Fixed Income Alternative ETF

1D
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3M
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1Y
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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. 

Index-Tracked
Index-Tracked
Category
Nontraditional Bond
CategoryNontraditional Bond
Number of holdings
15
Number of holdings15
Inception Date
Nov 29, 2022
Inception DateNov 29, 2022

What's in this fund

Sectors

As of December 11, 2025
Government Bonds75.94%
Cash and Equivalents24.06%

Top 10 Holdings (101.10% of total assets)

As of December 11, 2025
NameSymbol% Assets
United States Treasury Notes 4.63%—23.23%
United States Treasury Notes 3.88%—23.23%
United States Treasury Notes 3.88%—23.07%
United States Treasury Bills 0%—22.95%
United States Treasury Bonds 4.5%—3.78%
Option on S&P 500 PR—3.13%
HYG US 12/19/25 P80—0.97%
SQQQ2 US 01/16/26 P14—0.26%
Tqqq 01/16/2026 52.01 C—0.25%
Sqqq 01/16/2026 14.01 C—0.23%

FIAX Key Statistics

AUM
154.15M
AUM154.15M
Price-Earnings ratio
—
Price-Earnings ratio—
30-Day yield
2.89
30-Day yield2.89
Average volume
13.73K
Average volume13.73K
High today
$18.11
High today$18.11
Low today
$18.10
Low today$18.10
Open price
$18.11
Open price$18.11
Volume
1.33K
Volume1.33K
52 Week high
$19.56
52 Week high$19.56
52 Week low
$17.60
52 Week low$17.60
Expense ratio
0.95
Expense ratio0.95
View Prospectus and Reports

Stock Snapshot

The current Nicholas Fixed Income Alternative ETF(FIAX) stock price is $18.10, with a market capitalization of 154.3M.

During the trading session on 2025-12-15, Nicholas Fixed Income Alternative ETF(FIAX) shares reached a daily high of $18.11 and a low of $18.10. At a current price of $18.10, the stock is 0.0% higher than the low and still -0.1% under the high.

Trading volume for Nicholas Fixed Income Alternative ETF(FIAX) stock has reached 1.33K, versus its average volume of 13.73K.

Over the past 52 weeks, Nicholas Fixed Income Alternative ETF(FIAX) stock has traded between a high of $19.56 and a low of $17.60.

Over the past 52 weeks, Nicholas Fixed Income Alternative ETF(FIAX) stock has traded between a high of $19.56 and a low of $17.60.

Average Annual Return

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.