Welcome to our dedicated page for Nicholas Fixed Income Alternative ETF news (Ticker: FIAX), a resource for investors and traders seeking the latest updates and insights on Nicholas Fixed Income Alternative ETF stock.
Nicholas Fixed Income Alternative ETF (FIAX) is an innovative financial instrument designed to offer investors exposure to diversified fixed income assets. Managed by Nicholas Wealth, FIAX aims to provide monthly income while mitigating risks associated with traditional fixed income investments.
The fund employs a strategy that includes the use of options contracts to enhance income and manage risk. The strategy primarily focuses on selling call options, which can limit potential gains but help generate additional income. This ensures a steady flow of distributions, although the amounts may vary significantly from month to month and are not guaranteed.
As of November 30, 2023, FIAX boasts a 30-Day SEC Yield of 4.08%. This yield represents net investment income expressed as an annual percentage rate based on the ETF’s share price at the end of the 30-day period. The Gross Expense Ratio of the fund stands at 0.95%, reflecting the costs associated with managing the ETF.
Investors should be aware that FIAX's distribution rate is calculated by multiplying its distribution per share by twelve and dividing by the most recent NAV. While this offers an estimate of annual yield, it does not guarantee future performance. Due to the fund's strategy, distributions may include a mix of ordinary dividends, capital gains, and return of capital, which can impact the ETF’s NAV and trading price over time.
FIAX is exposed to various risks, including Equity Market Risk, Currency Risk, and Interest Rate Risk. The fund’s investments might fluctuate with changes in market conditions, interest rates, and currency valuations. Additionally, the use of derivatives, such as options, introduces complexities like counterparty risk and imperfect correlation with underlying investments.
Despite these risks, FIAX offers a unique investment opportunity for those seeking diversified fixed income exposure with the potential for enhanced income through options strategies. Investors should consult the fund’s prospectus for a comprehensive understanding of its investment objectives, risks, charges, and expenses. It is advisable to consider these factors carefully before investing.
For the latest performance data, investors can visit the Nicholas Wealth website or contact their customer service for up-to-date information. Past performance does not guarantee future results, and the value of investments can fluctuate, potentially leading to losses.
Nicholas Wealth has announced that its Nicholas Fixed Income Alternative ETF (FIAX) has reached $100,000,000 in assets under management. The ETF, which was launched on November 30, 2022, has shown significant growth, reflecting strong investor confidence. As of September 18, 2024, FIAX reported a distribution rate of 8.03% and a 30-day SEC yield of 3.19%.
The fund's most recent distribution was $0.1321 per share, with ex-date, record date, and payment date of September 16, 17, and 18, 2024, respectively. FIAX has a gross expense ratio of 0.95%. The ETF's portfolio manager, David Nicholas, expressed gratitude to investors and financial advisors for their support and excitement about the fund's future prospects.
Nicholas Wealth has announced a 24.00% monthly distribution for its Nicholas Global Equity and Income ETF (GIAX). The distribution details are as follows:
- Distribution per Share: $0.4020
- Ex-Date: 9/25/2024
- Record Date: 9/25/2024
- Payment Date: 9/26/2024
- 30-Day SEC Yield: 0.93%
GIAX, launched on 7/29/2024 in partnership with Tidal Investments , is an actively managed ETF seeking current income and capital appreciation. The fund achieves this by holding shares of unaffiliated passively managed ETFs for global equity exposure and selling daily index credit call spreads on US equity indexes.
Nicholas Wealth has increased monthly distributions to 8.04% on the Nicholas Fixed Income Alternative ETF (FIAX). As of September 18, 2024, the distribution per share is $0.1321, with an ex-date of 9/16/2024, record date of 9/17/2024, and payment date of 9/18/2024. The ETF's 30-Day SEC Yield stands at 3.43%.
FIAX, launched on 11/30/2022, has a gross expense ratio of 0.95%. The Distribution Rate represents the annual rate an investor would receive if the most recent distribution remained constant. However, investors should note that distributions are not guaranteed and may vary significantly month to month, potentially reaching zero.
The fund involves high-risk investments, including derivatives and counterparty risks. It's non-diversified and subject to equity market risk, high portfolio turnover risk, and interest rate risk. Potential investors should carefully consider these factors before investing.
Nicholas Wealth has announced monthly distributions for its Nicholas Global Equity and Income ETF (GIAX). As of August 27, 2024, the distribution per share is $0.4038. The ex-date and record date are set for August 26, 2024, with the payment date on August 27, 2024.
GIAX, launched on July 29, 2024, in partnership with Tidal Investments , is an actively managed ETF focusing on current income and capital appreciation. It achieves this by holding shares of unaffiliated passively managed ETFs for global equity exposure and selling daily index credit call spreads on US equity indexes.
Investors are reminded that past performance does not guarantee future results, and the value of investments may fluctuate. For the most recent performance data, investors can call (855) 563-6900.
FAQ
What is the current stock price of Nicholas Fixed Income Alternative ETF (FIAX)?
What is the primary objective of Nicholas Fixed Income Alternative ETF (FIAX)?
What is the 30-Day SEC Yield of FIAX?
What does the Gross Expense Ratio of FIAX represent?
How is the Distribution Rate of FIAX calculated?
What types of risks are associated with FIAX?
Can the distribution amounts of FIAX vary?
Where can I find the latest performance data for FIAX?
Is past performance of FIAX indicative of future results?
What is the role of options contracts in FIAX’s strategy?
How can I obtain the prospectus for FIAX?
