FIAX ETF — Holdings & Analysis
The Nicholas Fixed Income Alternative ETF (FIAX) is an actively managed fixed income ETF with $0.16 billion in assets under management. Launched in November 2022, FIAX seeks to provide current income by investing primarily in U.S. Treasury fixed income securities.
A key differentiator is its defined risk option premium strategy, which utilizes options on ETFs across multiple asset classes to enhance returns. However, its expense ratio of 0.95% is relatively high compared to category averages.
Nicholas Fixed Income Alternative ETF (FIAX) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Technology | 34.1% |
| Financial Services | 12.6% |
| Communication Services | 11.2% |
| Consumer Cyclical | 10.6% |
| Healthcare | 9.4% |
| Industrials | 8.0% |
| Consumer Defensive | 5.0% |
| Energy | 3.2% |
| Utilities | 2.3% |
| Real Estate | 1.9% |
| Basic Materials | 1.8% |
| Country | Weight |
|---|---|
| Other | 100.0% |
Dividend Yield
- JPMorgan International Bond Opportunities ETF (JPIB) — 0.50% expense ratio
- IDX Dynamic Fixed Income ETF (DYFI) — 1.12% expense ratio
- Invesco Taxable Municipal Bond ETF (BAB) — 0.28% expense ratio
- Bluemonte Long Term Bond ETF (BLTD) — 0.23% expense ratio
- Academy Veteran Impact ETF (VETZ) — 0.35% expense ratio
- Invesco Ultra Short Duration ETF (GSY) — 0.22% expense ratio
- iShares iBoxx $ High Yield Corporate Bond ETF (HYG) — 0.49% expense ratio
- iShares Securitized Income Active ETF (SECU) — 0.40% expense ratio
- Nicholas Global Equity and Income ETF (GIAX) (Equity) — 0.93% expense ratio
Risk Metrics
- Beta: 0.39
Questions & Answers
What is FIAX and what does it track?
The Nicholas Fixed Income Alternative ETF (FIAX) is an actively managed ETF that primarily invests in U.S. Treasury fixed income securities. It does not track a specific index.
Instead, FIAX aims to provide current income through a defined risk option premium strategy, utilizing options on ETFs across multiple asset classes.
What is the expense ratio for FIAX?
The expense ratio for the Nicholas Fixed Income Alternative ETF (FIAX) is 0.95%. This means that for every $10,000 invested, $95 is used to cover the fund's operating expenses annually.
The expense ratio is relatively high compared to the average expense ratio for fixed income ETFs, which is approximately 0.44%.
What are the top holdings in FIAX?
As an actively managed fund, FIAX's holdings are subject to change. While specific holdings data is not available, the fund's sector allocation provides insight into its investment strategy.
The top sector allocations include Technology (34.1%), Financial Services (12.6%), and Communication Services (11.2%).
Is FIAX a good long-term investment?
Determining whether FIAX is a suitable long-term investment depends on individual investor goals and risk tolerance. The fund's active management and defined risk option premium strategy may appeal to investors seeking enhanced income and risk management.
However, the higher expense ratio of 0.95% can impact long-term returns. The fund's beta of 0.39 suggests lower volatility compared to the overall market.
How does FIAX compare to similar ETFs?
FIAX differentiates itself from similar ETFs through its active management and defined risk option premium strategy. While many fixed income ETFs passively track an index, FIAX actively selects investments and utilizes options to generate income.
However, its expense ratio of 0.95% is higher than many passively managed fixed income ETFs.
Does FIAX pay dividends?
According to the provided data, the Nicholas Fixed Income Alternative ETF (FIAX) has a dividend yield of 0.00%. This indicates that, as of the current data, FIAX is not distributing dividends to its shareholders.
Investors seeking income through dividends may need to consider alternative fixed income ETFs with a positive dividend yield.