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ETF NYSE Arca USD

Nicholas Fixed Income Alternative ETF FIAX

Issuer: Nicholas SEC registrant: Tidal Trust II Fixed income · US
Watch FIAX (sign in) Add to portfolio (FIAX) Set an alert for FIAX Compare FIAX with other ETFs Position size calculator for FIAX at 17.035 USD

How position sizing works
Last price 17.04 USD Change: Unchanged 0.00 Percent change: Unchanged 0.00%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Expense ratio
0.97%
Prospectus 27 Feb 2026
Net assets
$129.2M
As of 31 Jul 2026
Holdings
14
As of 31 Jul 2026
12-month distribution yield
8.31%
Monthly
Asset class
Fixed income
From holdings

Nicholas Fixed Income Alternative ETF (FIAX) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Nicholas. Its category is Fixed income · US (fixed income). Its last price was US$17.04 on 20 Oct 2026. Its expense ratio is 0.97% a year, from its prospectus dated 27 Feb 2026. It reported net assets of US$129.25 million as of 31 Jul 2026. Its latest holdings report lists 14 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$1.42 a unit, a 12-month distribution yield of 8.31%, paid monthly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
0.97%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.95%
Prospectus date
27 Feb 2026
Filed with the SEC
23 Feb 2026

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$129,249,251
Total assets
$130,728,571
Holdings as of
31 Jul 2026
Report made public
28 Sep 2026 (59 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 14 of 14 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.

FIAX top holdings as of 31 Jul 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 US TREASURY N/B United States Treasury Note/Bond US91282CNH06 25.04% $32.4M Debt United States USD
2 United States Treasury Note/Bond US91282CJC64 24.88% $32.2M Debt United States USD
3 US TREASURY N/B United States Treasury Note/Bond US91282CQG95 22.60% $29.2M Debt United States USD
4 US TREASURY N/B United States Treasury Note/Bond US91282CQJ35 22.50% $29.1M Debt United States USD
5 US TREASURY N/B United States Treasury Note/Bond US912810FT08 2.43% $3.1M Debt United States USD
6 SPXW US 09/30/26 C7200 No identifier reported 0.94% $1.2M Equity derivatives United States USD
7 SPXW US 08/31/26 C7550 No identifier reported -0.64% -$827K Equity derivatives United States USD
8 First American Government Obli First American Government Obligations Fund US31846V3362 0.59% $766K Short-term investment vehicles (cash funds) United States USD
9 SPXW US 08/31/26 P7250 No identifier reported -0.33% -$431K Equity derivatives United States USD
10 SPXW US 08/31/26 C7650 No identifier reported 0.32% $410K Equity derivatives United States USD
11 SPXW US 08/31/26 P7150 No identifier reported 0.24% $313K Equity derivatives United States USD
12 SPX US 08/21/26 C7600 No identifier reported -0.09% -$117K Equity derivatives United States USD
13 SPXW US 07/31/26 P7265 No identifier reported 0.00% $0 Equity derivatives United States USD
14 SPXW US 07/31/26 P7365 No identifier reported 0.00% $0 Equity derivatives United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 Jul 2026

All 14 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Debt 97.45%
Short-term investment vehicles (cash funds) 0.59%
Equity derivatives 0.44%

Country

Country by weight
CountryWeightBar
United States 98.48%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 98.48%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

No sector data

None of this fund's holdings matched a stock listed on this site, so no sector is shown.

Partial coverage: sectors are known for 0.0% of net assets, the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$1.4150
12 payments per unit
12-month yield
8.31%
Distributions only, not total return
Frequency
Monthly
From the gaps between ex-dates
Latest ex-date
15 Oct 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($1.4150) ÷ latest price ($17.04) × 100 = 8.31%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (46 payments)
FIAX distributions per unit by ex-date
Ex-dateAmount per unit
15 Oct 2026$0.1140
17 Sep 2026$0.1150
20 Aug 2026$0.1170
16 Jul 2026$0.1170
18 Jun 2026$0.1180
21 May 2026$0.1170
16 Apr 2026$0.1180
19 Mar 2026$0.1170
19 Feb 2026$0.1200
15 Jan 2026$0.1210
18 Dec 2025$0.1210
20 Nov 2025$0.1200
16 Oct 2025$0.1210
18 Sep 2025$0.1210
14 Aug 2025$0.1220
17 Jul 2025$0.1220
18 Jun 2025$0.1220
15 May 2025$0.1220
16 Apr 2025$0.1200
20 Mar 2025$0.1240
20 Feb 2025$0.1280
16 Jan 2025$0.1260
17 Dec 2024$0.2270
18 Nov 2024$0.1300
16 Oct 2024$0.1320
17 Sep 2024$0.1320
16 Aug 2024$0.1150
16 Jul 2024$0.1150
18 Jun 2024$0.1140
16 May 2024$0.1140
16 Apr 2024$0.1140
18 Mar 2024$0.1160
16 Feb 2024$0.1160
17 Jan 2024$0.1180
15 Dec 2023$0.1160
15 Nov 2023$0.1080
16 Oct 2023$0.1060
14 Sep 2023$0.1080
15 Aug 2023$0.1100
17 Jul 2023$0.0910
14 Jun 2023$0.0690
15 May 2023$0.0690
17 Apr 2023$0.0480
15 Mar 2023$0.0460
15 Feb 2023$0.0570
17 Jan 2023$0.0190

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

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How ETF overlap is measured, with a worked example

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