FIAX - FIAX Has An Attractive Yield, But Still Has To Prove Itself
2025-07-09 02:57:44 ET
FIAX Strategy
Nicholas Fixed Income Alternative ETF ( FIAX ) is an actively managed ETF launched on 11/29/2022 with an objective of current income. FIAX has a 30-day SEC yield of 3.29%, a distribution yield of 8.72%, and a total expense ratio of 0.95%. Distributions are paid monthly. As described in the prospectus by Nicholas Wealth, the fund seeks to provide income using short-term U.S. Treasury securities and an option strategy. The option strategy consists of vertical credit spreads and vertical debit spreads on ETFs and indices across multiple asset classes. Each vertical spread involves simultaneously buying and selling options of the same type (put or call) on the same underlying security with the same expiration date at different strike prices. The fund intends to keep the risk of each vertical spread between 1% and 3%....
FIAX Has An Attractive Yield, But Still Has To Prove Itself