FIAXNicholas Fixed Income Alternative ETF
Seeks current income.
By Nicholas Wealth Management · Launched 2022
Annual Cost
0.97%
#5,177 of 6,040 · expensive
Fund Size
$125M
#2,879 of 6,040 · mid-size
Return (1Y)
+2.5%
Track Record
3 years
#2,813 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,269+2.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 101.2% of fundconcentrated
US TREASURY N/B
24.9%
United States Treasury Note/Bond
24.3%
US TREASURY N/B
22.9%
US TREASURY N/B
22.8%
US TREASURY N/B
3.9%
N/A
1.7%
First American Government Obli
0.4%
N/A
0.1%
N/A
0.1%
N/A
0.1%
Asset allocation
Bonds
74.1%
Cash
24.4%
Other
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.0%Low
Year-on-year price swings
Max drawdown
-6.2%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.22Below average
Sortino (3Y)
-0.30Moderate downside risk
Bond profile
Duration
3.9 years
Avg maturity
9.8 years
Credit ratings
US Government
74.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income.
- Strategy
- Actively manages a portfolio primarily invested in U.S. Treasury fixed income securities and employs a defined risk option premium strategy using options on ETFs and securities indices. Aims to provide current income through vertical credit and debit spreads.
- Inception date
- November 29, 2022
- Fund family
- Nicholas Wealth Management
Similar funds
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Data updated on 2026-09-18