Nicholas Wealth Announces $100,000,000 in AUM for $FIAX ETF
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 ha annunciato che il suo Nicholas Fixed Income Alternative ETF (FIAX) ha raggiunto $100.000.000 di attivi sotto gestione. L'ETF, lanciato il 30 novembre 2022, ha mostrato una crescita significativa, riflettendo una forte fiducia da parte degli investitori. Al 18 settembre 2024, FIAX ha riportato un tasso di distribuzione dell'8,03% e un rendimento SEC a 30 giorni del 3,19%.
La distribuzione più recente del fondo è stata di $0,1321 per azione, con le date esclusione, registrazione e pagamento rispettivamente del 16, 17 e 18 settembre 2024. FIAX ha un rapporto di spese lordo dello 0,95%. Il gestore del portafoglio dell'ETF, David Nicholas, ha espresso gratitudine agli investitori e agli consulenti finanziari per il loro supporto e ha manifestato entusiasmo per le prospettive future del fondo.
Nicholas Wealth ha anunciado que su Nicholas Fixed Income Alternative ETF (FIAX) ha alcanzado $100,000,000 en activos bajo gestión. El ETF, que se lanzó el 30 de noviembre de 2022, ha mostrado un crecimiento significativo, reflejando una fuerte confianza de los inversores. Al 18 de septiembre de 2024, FIAX reportó una tasa de distribución del 8.03% y un rendimiento SEC a 30 días del 3.19%.
La distribución más reciente del fondo fue de $0.1321 por acción, con las fechas de exclusión, registro y pago el 16, 17 y 18 de septiembre de 2024, respectivamente. FIAX tiene un índice de gastos brutos del 0.95%. El gestor de la cartera del ETF, David Nicholas, expresó su agradecimiento a los inversores y asesores financieros por su apoyo y entusiasmo por las perspectivas futuras del fondo.
니콜라스 웰스는 자사의 니콜라스 고정 수익 대체 ETF(FIAX)가 $100,000,000의 운용 자산을 달성했다고 발표했습니다. 2022년 11월 30일에 출시된 이 ETF는 투자자들의 강한 신뢰를 반영하며 상당한 성장을 보여주었습니다. 2024년 9월 18일 기준 FIAX는 8.03%의 분배율과 30일 SEC 수익률 3.19%를 기록했습니다.
펀드의 최근 분배금은 주당 $0.1321이며, 배당 기준일, 등록일, 지급일은 각각 2024년 9월 16일, 17일, 18일입니다. FIAX는 총 경비 비율이 0.95%입니다. ETF의 포트폴리오 매니저인 데이비드 니콜라스는 투자자와 금융 고문들에게 지원에 대해 감사의 뜻을 전하며 펀드의 미래 전망에 대한 기대감을 표현했습니다.
Nicholas Wealth a annoncé que son Nicholas Fixed Income Alternative ETF (FIAX) a atteint $100,000,000 d'actifs sous gestion. L'ETF, lancé le 30 novembre 2022, a affiché une croissance significative, reflétant la forte confiance des investisseurs. Au 18 septembre 2024, FIAX a rapporté un taux de distribution de 8,03% et un rendement SEC à 30 jours de 3,19%.
La distribution la plus récente du fonds était de $0,1321 par action, avec des dates d'exclusion, d'enregistrement et de paiement respectivement les 16, 17 et 18 septembre 2024. FIAX a un ratio de dépenses brutes de 0,95%. Le gestionnaire de portefeuille de l'ETF, David Nicholas, a exprimé sa gratitude envers les investisseurs et les conseillers financiers pour leur soutien et a manifesté son enthousiasme pour les perspectives futures du fonds.
Nicholas Wealth hat angekündigt, dass sein Nicholas Fixed Income Alternative ETF (FIAX) $100.000.000 an verwaltetem Vermögen erreicht hat. Der ETF, der am 30. November 2022 gestartet wurde, hat ein signifikantes Wachstum gezeigt, was das starke Vertrauen der Investoren widerspiegelt. Zum 18. September 2024 berichtete FIAX von einer Ausschüttungsquote von 8,03% und einer SEC-Rendite von 3,19% über 30 Tage.
Die letzte Ausschüttung des Fonds betrug $0,1321 pro Aktie, mit Ex-Datum, Börsendatum und Zahlungstermin am 16., 17. und 18. September 2024. FIAX hat eine Bruttoaufwandsquote von 0,95%. Der Portfoliomanager des ETF, David Nicholas, äußerte seinen Dank an die Investoren und Finanzberater für ihre Unterstützung und seine Begeisterung für die Zukunftsaussichten des Fonds.
- FIAX ETF reached $100,000,000 in assets under management
- High distribution rate of 8.03%
- 30-day SEC yield of 3.19%
- Gross expense ratio of 0.95% may be considered high for some investors
- High portfolio turnover risk mentioned in risk disclosures
- Non-diversification risk highlighted in the press release
Insights
The announcement of
Key points to consider:
- The fund's high distribution rate of
8.03% and 30-day SEC yield of33.19% are notably attractive in the current market environment. - However, investors should be cautious as the fund has a high expense ratio of
0.95% , which could impact overall returns. - The fund's inception date of 11/30/2022 indicates it's relatively new, which may present both opportunities and risks for investors.
While the growth in AUM is impressive, investors should carefully consider the fund's strategy, risk profile and fee structure before making investment decisions. The high yields reported may not be sustainable in the long term and could involve significant risks.
The FIAX ETF presents a complex risk profile that investors should carefully evaluate:
- As a non-diversified fund, it may have higher concentration risk than diversified ETFs.
- The use of derivatives, including options, introduces additional layers of complexity and potential volatility.
- High portfolio turnover could lead to increased transaction costs and tax implications for investors.
- The fund's illiquid investments and interest rate sensitivity add to its risk factors.
The reported
While the growth in AUM is positive, it doesn't necessarily correlate with future performance or reduced risk. Investors must conduct thorough due diligence and consider their risk tolerance before investing in this complex product.
MARIETTA, Ga., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Nicholas Wealth, a leading provider of actively managed income ETFs, just announced that the Nicholas Fixed Income Alternative ETF (FIAX) now has
"We are humbled to see the incredible growth in AUM for our FIAX ETF. The success of this fund is a testament to the investors and financial advisors throughout the United States and globally who have believed in us. On behalf of the entire XFUNDS / Nicholas Wealth team, thank you! We are excited for the future of FIAX." - David Nicholas, Portfolio Manager of FIAX
Distribution as of 9/18/2024
| ETF Ticker | Distribution per Share | Distribution Rate | 30-Day SEC Yield | Ex-Date | Record Date | Payment Date | |
| FIAX | 9/16/2024 | 9/17/2024 | 9/18/2024 | ||||
Inception date: 11/30/2022
Click here to view standardized performance for FIAX.
The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (855) 563-6900.
1 Nicholas Fixed Income Alternative ETF has a gross expense ratio of
2 The 30-Day SEC Yield for FIAX is
3 The Distribution Rate is the annual rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return.
Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. Please see the 19a-1 notice for more information on return of investor capital. The distribution may contain a return of capital, but an estimate cannot be provided at this time.
As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
Investors in the Fund will not have rights to receive dividends or other distributions with respect to the underlying reference asset.
Must be preceded or accompanied by a prospectus.
Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.
Risk Information
Investments involve risk. Principal loss is possible.
Investing in the Funds involves a high degree of risk.
THE FUND, TRUST, AND SUB-ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING ETF.
Due to the Funds’ investment strategies, the Funds’ investment exposures are concentrated in the same industries that are assigned to the underlying stock or ETF. As with any investment, there is a risk you could lose all or part of your investment in the Fund. Some or all of these risks may adversely affect the Funds’ net asset value (“NAV”) per share, trading prices, yields, total returns, and/or ability to meet their objective.
Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or redeemed from the Fund in creation units. Brokerage commissions will reduce returns.
Investments involve risk. Principal loss is possible.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in option contracts which exposes the Fund to the risk that the counterparty will not fulfill its obligation to the Fund.
Equity Market Risk. By virtue of the Fund’s investments in option contracts equity ETFs and equity indices, the Fund is exposed to common stocks indirectly which subjects the Fund to equity market risk.
High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
Hedging Transactions Risk. Hedging transactions involve risks different than those of underlying investments. In particular, the variable degree of correlation between price movements of hedging transactions and price movements in the position being hedged means that losses on the hedge may be greater than gains in the value of the Fund’s positions, opportunities for gain may be limited or that there may be losses on both parts of a transaction.
Illiquid Investments Risk. The Fund may, at times, hold illiquid investments, by virtue of the absence of a readily available market for certain of its investments, or because of legal or contractual restrictions on sales.
Interest Rate Risk. The value of the Fund’s investments in fixed income Treasury securities will fluctuate with changes in interest rates.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Yield to Maturity: Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures.
Dividend Yield: The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.
Average Duration: A measure of a fund’s interest-rate sensitivity—the longer a fund’s duration, the more sensitive the fund is to shifts in interest rates. Duration is determined by a formula that includes coupon rates and bond maturities. Small coupons tend to increase duration, while shorter maturities and higher coupons shorten duration.
Distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with Tidal Financial Group
Launch & Structure Partner: Tidal Financial Group.
FAQ
What is the current assets under management for the Nicholas Fixed Income Alternative ETF (FIAX)?
What is the distribution rate and 30-day SEC yield for FIAX as of September 18, 2024?
When was the Nicholas Fixed Income Alternative ETF (FIAX) launched?
What is the gross expense ratio for the FIAX ETF?
