What does FIAX track?

FIAX is the Nicholas Fixed Income Alternative ETF, a Other ETF.

What is the expense ratio of FIAX?

Expense ratio data for FIAX is shown on the page when available from our data provider.

What are the largest holdings in FIAX?

Top holdings include United States Treasury Note/Bond 3.875% 06/15/2028, United States Treasury Note/Bond 4.625% 10/15/2026, United States Treasury Note/Bond 3.875% 03/31/2031, United States Treasury Note/Bond 3.875% 04/15/2029, United States Treasury Note/Bond 4.5% 02/15/2036.

How can PortView analyze FIAX overlap with other ETFs?

PortView computes the holdings overlap between FIAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

Nicholas Fixed Income Alternative (FIAX) ETF Holdings & Analysis

ETFOther

$17.24+0.11%

1-year price historyRange $17.22 – $18.17

52-week range$17.24

$17.21$18.30

What FIAX does

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.

Fund profile

Top holdings

	Holding	Weight
	United States Treasury Note/Bond 3.875% 06/15/2028	24.10%
	United States Treasury Note/Bond 4.625% 10/15/2026	23.70%
	United States Treasury Note/Bond 3.875% 03/31/2031	23.13%
	United States Treasury Note/Bond 3.875% 04/15/2029	23.05%
	United States Treasury Note/Bond 4.5% 02/15/2036	2.48%
	Cash & Other	1.69%
	SPXW US 09/30/26 C7200	1.13%
	First American Government Obligations Fund 12/01/2031	0.29%
	SPXW US 09/30/26 C7815	0.26%
	SPXW US 09/30/26 C7915	0.10%

Sector allocation

Basic Materials	1.65%
Communication Services	9.90%
Consumer Cyclical	9.49%
Consumer Defensive	4.52%
Energy	2.98%
Financial Services	11.55%
Healthcare	8.89%
Industrials	8.45%
Real Estate	1.83%
Technology	38.55%
Utilities	2.20%

Geographic allocation

Other

100.00%

PortView Portfolio Insights

PortView analyzes how FIAX fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Analyze FIAX in PortView →

Related securities

Frequently asked questions

What does FIAX track?: FIAX is the Nicholas Fixed Income Alternative ETF, a Other ETF.
What is the expense ratio of FIAX?: Expense ratio data for FIAX is shown on the page when available from our data provider.
What are the largest holdings in FIAX?: Top holdings include United States Treasury Note/Bond 3.875% 06/15/2028, United States Treasury Note/Bond 4.625% 10/15/2026, United States Treasury Note/Bond 3.875% 03/31/2031, United States Treasury Note/Bond 3.875% 04/15/2029, United States Treasury Note/Bond 4.5% 02/15/2036.
How can PortView analyze FIAX overlap with other ETFs?: PortView computes the holdings overlap between FIAX and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.

The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.