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Nicholas Fixed Income Alternative ETF
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Nicholas Fixed Income Alternative ETF (FIAX) is a dividend-paying ETF with a current dividend yield of 8.31% as of Sep 10, 2026. It pays $1.43 per share over the trailing twelve months and distributes monthly.

Nontraditional Bond
Category
8.31%
Dividend yield
0.97%
Expense ratio
124.35M
Assets
3.16%
1Y return

FIAX chart

FIAX returns

YTD
1.39%
1Y
3.16%
3Y
2.96%
1Y volatility2.88%
3Y volatility4.05%
Sharpe ratio-0.40

About

The Nicholas Fixed Income Alternative ETF is a dynamically managed fund that primarily allocates capital to U. S. government debt instruments, seeking to generate consistent income. This is achieved in part through a structured options strategy designed to yield premium income while managing potential losses, by utilizing options tied to exchange-traded funds that cover a broad range of asset categories.

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