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FIAX ETF · Nicholas Fixed Income Alternative ETF
The FIAX Exchange Traded Fund (ETF) is provided by Nicholas Wealth Management. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofOptions Strategies1M perf.-1.01%
Last price
$17.52
1M perf.
-1.01%
1M flows
-€1.1M
AuM
€121M
E/R
0.95%
Rating
Not rated
ESG Consensus®
FIAX
$17.52
Performance & flows
December 15, 2025 → March 13, 2026
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FIAX
$17.63
-0.50%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.01% | -0.50% | +3.24% | +9.48% | N/A | -0.85% | -0.45% | -0.45% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/13/2026
$17.63
1D NAV change
+0.71%
Dividend policy
No. of holdings
5
Inception date
11/30/2022
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The Nicholas Fixed Income Alternative ETF (the “Fund”) seeks current income.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.50% | +3.24% | +9.48% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
96.79%
Unavailable
3.21%
Sectors
Sovereign
49.91%
Unavailable
50.09%
Diversification
Total weight of top 5 holdings out of 5
Top 5 holdings
Data as of January 31, 2026
USA, Notes 4.625% 15oct2026, USD (AT-2026)
US91282CNH06
US912797TR84
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USA, Bills 0% 19feb2026, USD (364D)
USA, Bonds 4.5% 15feb2036, USD
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Integrates ESG criteria
No
SDG
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Enterprise
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Nicholas Wealth Management
Nicholas Wealth Management ID Card
Number of funds
7
Total AuM
€399M
Expense ratio range
0.93% - 1.16%
Average expense ratio
1.0457%
Top 5 funds by Nicholas Wealth Management
| AuM | ||
|---|---|---|
BLOX | Nicholas Crypto Income ETF | €192M |
FIAX | Nicholas Fixed Income Alternative ETF | €121M |
GIAX | Nicholas Global Equity and Income ETF | €73M |
WEPN | Nicholas Defense and Rare Earth Income ETF | €6.2M |
NUKX | Nicholas Nuclear Income ETF | €3M |
Frequently asked questions about FIAX
What does Nicholas Fixed Income Alternative ETF, FIAX, invest in?
FIAX is a Active ETF. This ETF provides exposure to US Investment Grade Government Bonds.
What is the Total Expense ratio (TER) of FIAX?
FIAX carries a total expense ratio (TER) of 0.95%, indicating the annual cost for holding the fund.
When was FIAX launched?
FIAX was introduced to the market on November 30, 2022. It trades on United States
Who is the ETF issuer of FIAX?
Nicholas Fixed Income Alternative ETF, FIAX, is provided by Nicholas Wealth Management. Learn more about Nicholas Wealth Management here.
What is the current assets under management (AUM) of FIAX?
FIAX oversees €121M in assets as of March 13, 2026.
How has FIAX performed lately?
Based on data from March 13, 2026, FIAX returned -1.01% over the past month, -0.50% over the last three months and -0.45% year-to-date.
What are the latest inflows or outflows for FIAX?
As of March 13, 2026, FIAX recorded net flows of -€1.1M over the last month and -€8.3M year-to-date.
Does FIAX distribute dividends?
FIAX follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 8.25%.
What are the main country or region exposures of FIAX?
As of January 31, 2026, FIAX has significant geographic allocations in USA.
In which sector or theme does FIAX invest in?
As of January 31, 2026, FIAX focuses largely on Sovereign.
How many securities does FIAX hold and how diversified is it?
As of January 31, 2026, FIAX holds 5 positions in its portfolio, with 96.79% of assets concentrated in its top 15 holdings.
What are the main positions in FIAX?
As of January 31, 2026, FIAX top three holdings include USA, Notes 4.625% 15oct2026, USD (AT-2026), US91282CNH06 and US912797TR84.
What is the base currency of FIAX?
The base currency of FIAX is USD.
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