FIAX — Nicholas Fixed Income Alternative ETF
Data updated: 2026-06-25
FIAX — Nicholas Fixed Income Alternative ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Short Treasury / Sovereign Bond · $134.86M AUM · 1.04% expense ratio · 6.4% 1-yr return. From SEC regulatory filings.
FIAX Fund Overview
FIAX — Nicholas Fixed Income Alternative ETF is a US ETF managed by Tidal Trust II, categorised as Short Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Tidal Trust II
- Category: Short Treasury / Sovereign Bond
- Assets under management: $134.86M
- 1-year return: 6.4%
- Ticker: FIAX
- SEC CIK: 0001924868
- SEC series ID: S000078265
- Share class ID: C000239025
FIAX Holdings
Top 6 holdings of Nicholas Fixed Income Alternative ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Treasury N/b | 24.92% |
| United States Treasury Note/Bond | 24.28% |
| US Treasury N/b | 22.92% |
| US Treasury N/b | 22.79% |
| US Treasury N/b | 3.89% |
| First American Government Obli | 0.42% |
FIAX Portfolio Allocation
Asset-class allocation of Nicholas Fixed Income Alternative ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.8% |
| Cash & Equivalents | 0.4% |
| Derivatives | 0.3% |
FIAX Performance
Total returns for FIAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 6.4% |
| 3 years (annualised) | 3.4% |
FIAX Risk Information
Risk metrics for FIAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
FIAX Costs and Fees
FIAX costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.04%
- Portfolio turnover: 262%
- Brokerage commissions: 9.53 bps of average net assets (SEC N-CEN)
FIAX Cashflows
Over the 12 months to 2026-04, Nicholas Fixed Income Alternative ETF had net outflows of $18.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$2.21M |
| 2026-03 | −$3.93M |
| 2026-02 | −$2.25M |
| 2026-01 | −$6.25M |
| 2025-12 | −$1.35M |
| 2025-11 | −$902.26K |
FIAX Debt Constituents
Largest debt holdings of Nicholas Fixed Income Alternative ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 24.92% |
| United States Treasury Note/Bond | 24.28% |
| US Treasury N/b | 22.92% |
| US Treasury N/b | 22.79% |
| US Treasury N/b | 3.89% |
FIAX Prospectus and SEC Filings
Official Nicholas Fixed Income Alternative ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.