Fund Evaluator:
Nicholas Fixed Income Alternative ETF (FIAX)
Follow This Fund
Fixed Income
Global Asset Class
Taxable Bond
Fund Group
Nontraditional Bond
Category
$0.000
NAV (as of )
$0.00
Minimum Initial
0.97% D
Expense Ratio
$129 Mil
Assets
Open
Status
0.00%
12b-1 Fee
5.42%
TTM Yield
0.00%
Max Load
262%
Portfolio Turnover
Best Performing in Nontraditional Bond Over the Last Year
| 11.2% | Artisan Global Unconstrained Investor (APFPX) |
| 6.3% | Goldman Sachs Dynamic Bond Inv (GZIRX) |
| 5.2% | PGIM Absolute Return Bond Z (PADZX) |
| 4.9% | Spectrum Low Volatility Investor (SVARX) |
| 4.8% | Spectrum Unconstrained Investor (SUNBX) |
Data as of 7/31/2026
-0.2% C
1-Mo Return
0.8% B
3-Mo Return
2.0% C
YTD Return
4.0% C
1-Yr Return
3.4% D
3-Yr Return
na
5-Yr Return
0.75 C
Category Risk Index
0.33
Total Risk Index
Fund Details
Fund Family
Nicholas Wealth Management
Inception Date
11/29/2022
Share Class Type
Equity Investment Style
Large-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US Agg Bond TR USD: 100%
Additional Fund Details
Nicholas Fixed Income Alternative ETF Overview
FIAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FIAX Return (NAV) | -0.2% | 0.8% | 4.0% | 3.4% | na | na |
| FIAX Grade | C | B | C | D | na | na |
| +/- Category | 0.1% | 0.4% | -0.3% | -2.2% | na | na |
| Nontraditional Bond Avg | -0.2% | 0.4% | 4.4% | 5.6% | 2.5% | 3.1% |
| FIAX Tax Cost Ratio | na | na | 2.2% | 2.3% | na | na |
FIAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FIAX Return (NAV) | 2.0% | 2.9% | 3.8% | 3.7% | na | na | na | na | na | na | na |
| FIAX Grade | C | D | F | F | na | na | na | na | na | na | na |
| +/- Category | 0.7% | -3.9% | -1.6% | -2.9% | na | na | na | na | na | na | na |
| Nontraditional Bond Avg | 1.2% | 6.8% | 5.4% | 6.5% | -6.1% | 1.3% | 5.4% | 6.5% | -0.8% | 4.1% | 6.4% |
| Risk Measures | |
| Standard Deviation: | 4.0% |
| Total Risk Index: | 0.33 - Low |
| Category Risk Index: | 0.75 - Average |
| Category Risk Grade: | C (47% Rank) |
| Beta: | 0.42 |
| R-Squared: | 34% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 5.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $129 Mil |
| Fund Total Assets: | $ 129 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 262% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 3.7 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Pestrichelli Jay (2022), Nicholas David (2022), Mullen Christopher (2024), Snyder Scott (2026), Berry Quinn (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 16 |
| % in Top 10 Holdings: | 102.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 1.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 72.6% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.5% |
| Cash: | 24.9% |
Purchase Information
| Fund Family: | Nicholas Wealth Management |
| Phone Number: | 855-563-6900 |
| Website: |
| Status: | Open |
| Inception Date: | November 29, 2022 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.97% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.42% |
| Share Class: | Nicholas Fixed Income Alternative ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.