Nicholas Fixed Income Alternative ETF (FIAX)

NYSEARCA: FIAX · Real-Time Price · USD
18.11
-0.04 (-0.22%)
Jul 24, 2025, 4:00 PM - Market closed
-0.22%
Assets$158.62M
Expense Ratio0.95%
PE Ration/a
Shares Out8.75M
Dividend (ttm)$1.60
Dividend Yield8.83%
Ex-Dividend DateJul 17, 2025
Payout FrequencyMonthly
Payout Ration/a
Volume50,545
Open18.13
Previous Close18.15
Day's Range18.10 - 18.16
52-Week Low17.60
52-Week High19.75
Beta0.20
Holdings14
Inception DateNov 29, 2022

About FIAX

Fund Home Page

The Nicholas Fixed Income Alternative ETF (FIAX) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund 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. FIAX was launched on Nov 29, 2022 and is issued by Tidal.

Asset Class Alternatives
Category Nontraditional Bond
Region North America
Stock Exchange NYSEARCA
Ticker Symbol FIAX
ETF Provider Tidal

Top 10 Holdings

101.43% of assets
NameSymbolWeight
United States Treasury Notes 4.63%T.4.625 10.15.2619.75%
United States Treasury Notes 3.88%T.3.875 06.15.2819.67%
United States Treasury Notes 3.88%T.3.875 01.15.2619.58%
United States Treasury Bills 0%B.0 11.06.2519.37%
United States Treasury Bills 0%B.0 02.19.2619.15%
GDX US 07/25/25 C49n/a1.46%
DEPOSITS WITH BROKER FOR SHORT POSITIONSn/a1.04%
XLV US 07/25/25 C129n/a0.89%
SVXY US 08/15/25 P45n/a0.51%
First American Government Obligations FundFGXXX0.01%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jul 17, 2025$0.1217Jul 18, 2025
Jun 18, 2025$0.1221Jun 20, 2025
May 15, 2025$0.1218May 16, 2025
Apr 16, 2025$0.1204Apr 17, 2025
Mar 20, 2025$0.1236Mar 21, 2025
Feb 20, 2025$0.128Feb 21, 2025
Full Dividend History

Performance

FIAX had a total return of 1.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.80%.

Chart

Bar chart with 6 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.2643462936446845 to 2.799.
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News

FIAX Has An Attractive Yield, But Still Has To Prove Itself

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 ...

16 days ago - Seeking Alpha

FIAX: Options Overlay ETF

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

7 months ago - Seeking Alpha

Nicholas Wealth Announces $100,000,000 in AUM for $FIAX ETF

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,...

9 months ago - GlobeNewsWire

Nicholas Wealth Announces Distribution Yield on $GIAX

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

10 months ago - GlobeNewsWire

Nicholas Wealth Announces Increased Distribution Rate on $FIAX

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 A...

11 months ago - GlobeNewsWire

Nicholas Wealth Announces Monthly Distributions on $GIAX

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)...

11 months ago - GlobeNewsWire

Nicholas Wealth Announces Increased Distribution Yield on FIAX ETF

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 1...

1 year ago - GlobeNewsWire

Nicholas Fixed Income Alternative ETF (Ticker: FIAX) Hits $50M in Assets

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...

1 year ago - PRNewsWire

David Nicholas of Nicholas Wealth Management to Ring The Opening Bell® At The New York Stock Exchange

ATLANTA , Aug. 23, 2023 /PRNewswire/ -- Chief Executive Officer and Founder of Nicholas Wealth Management, David Nicholas will ring The Opening Bell® at the New York Stock Exchange (NYSE) on Thursday,...

2 years ago - PRNewsWire

Nicholas Wealth Announces Distribution on FIAX ETF

MARIETTA, Ga., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Nicholas Wealth today announced distributions on the Nicholas Fixed Income Alternative ETF (FIAX):

2 years ago - GlobeNewsWire