Nicholas Fixed Income Alternative ETF (FIAX)
19.38
-0.01
(-0.05%)
USD |
NYSEARCA |
Mar 28, 16:00
19.39
+0.01
(+0.05%)
After-Hours: 20:00
Price Chart
Key Stats
Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
---|---|---|---|
1.04% | -0.06% | 62.09M | 29587.23 |
Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
6.06% | 360.0% | 37.07M | Upgrade |
Basic Info
Investment Strategy | |
The investment seeks current income. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in U.S. Treasury fixed income securities. he Fund typically writes index put options and call options with weekly, monthly, and quarterly expirations. The fund will generally have up to ten credit spreads at any given time, with up to 20% exposure to a single ETF or index credit spread (measured at the time of purchase). It is non-diversified. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Growth |
Fixed Income Style | -- |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | Nontraditional Bond |
Category Index | ICE BofA USD 3M Dep OR CM TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Prospectus Objective | Income |
Fund Owner Firm Name | Nicholas Wealth Management |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Charles Ragauss | 1.25 yrs |
David Nicholas | 1.25 yrs |
Jay Pestrichelli | 1.25 yrs |
Michael Venuto | 1.25 yrs |
Performance Versus Category
As of March 28, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 28, 2024.
Basic Info
Investment Strategy | |
The investment seeks current income. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in U.S. Treasury fixed income securities. he Fund typically writes index put options and call options with weekly, monthly, and quarterly expirations. The fund will generally have up to ten credit spreads at any given time, with up to 20% exposure to a single ETF or index credit spread (measured at the time of purchase). It is non-diversified. |
General | |
Security Type | Exchange-Traded Fund |
Equity Style | Large Cap/Growth |
Fixed Income Style | -- |
Broad Asset Class | Taxable Bond |
Broad Category | Fixed Income |
Category Name | Nontraditional Bond |
Category Index | ICE BofA USD 3M Dep OR CM TR USD |
Global Category Name | US Fixed Income |
YCharts Categorization | US Fixed Income |
YCharts Benchmark | Bloomberg US Aggregate (^BBUSATR) |
Prospectus Objective | Income |
Fund Owner Firm Name | Nicholas Wealth Management |
Prospectus Benchmark Index | |
N/A | 100.0% |
Broad Asset Class Benchmark Index | |
^BBUSATR | 100.0% |
Manager Tenure | |
Charles Ragauss | 1.25 yrs |
David Nicholas | 1.25 yrs |
Jay Pestrichelli | 1.25 yrs |
Michael Venuto | 1.25 yrs |