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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 8.21% as of Jul 22, 2026. It pays $1.43 per share over the trailing twelve months and distributes monthly.

Nontraditional Bond
Category
8.21%
Dividend yield
0.97%
Expense ratio
130.55M
Assets
4.95%
1Y return

FIAX chart

1M
3M
1Y
5Y
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FIAX returns

YTD
1.88%
1Y
4.95%
3Y
3.42%
1Y volatility2.72%
3Y volatility4.03%
Sharpe ratio-0.25

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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