Nicholas Fixed Income Alternative ETF (FIAX)
ARCA ARCA Primary Summary
FIAX Chart
FIAX: A Hedge-Fund Like Structure Which Under-Delivers
Nicholas Fixed Income Alternative ETF is an ETF with a core treasuries position and an options overlay strategy. The fund uses call spreads and put spreads in order to cap the downside and the upside. The fund's volatility is low, but its performance in the past year has been very disappointing.
Nicholas Fixed Income Alternative ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NWL Nicholas Wealth LLC Nicholas Wealth LLC | 641,157 | $12.29M | $11.28M | -$1.01M | -8.19% |
| AWA Authentikos Wealth Advisory LLC Authentikos Wealth Advisory LLC | 51,547 | $938,490.01 | $901,093.11 | -$37,396.9 | -3.98% |
 Smart Wealth LLC Smart Wealth LLC | 139,556 | $2.52M | $2.45M | -$78,138.24 | -3.1% |
| ZIL ZEGA Investments LLC ZEGA Investments LLC | 74,156 | $1.29M | $1.3M | $5,269.12 | 0.41% |
Nicholas Fixed Income Alternative ETF (FIAX) FAQ
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Nicholas Fixed Income Alternative ETF Profile
| ARCA Exchange | US Country |
Overview
The described entity appears to function as an investment fund specializing in U.S. Treasury fixed income securities. It adopts a strategic approach towards investments, focusing on generating returns through both the direct purchase of these securities and the implementation of options strategies. The fund's investment tactics include writing index put and call options with varying expiration periods, as well as engaging in credit spreads on ETFs or indices. Notably, the fund operates with a non-diversified status, which indicates a targeted investment approach that may involve higher risks and potentially higher returns. The emphasis on maintaining at least 80% of net assets in U.S. Treasury securities underscores a foundational preference for relatively safe, government-backed investments, around which more speculative strategies are employed.
Products and Services
- U.S. Treasury Fixed Income Securities
- Index Put Options
- Call Options
- Credit Spreads
These are government bonds and securities backed by the U.S. Treasury, which offer a fixed rate of return and are considered low-risk investments. The fund commits at least 80% of its net assets to these securities, emphasizing its conservative core investment strategy aimed at stability and reliable returns.
Index put options provide the holder the right, but not the obligation, to sell a specific index at a predetermined price before the contract expires. Writing these options represents one way the fund aims to generate additional income or hedge against potential downturns in the market.
Similarly, call options grant the holder the right, but not the obligation, to purchase an index at a set price before expiration. By writing call options, the fund potentially profits from premiums received, while managing risk through strategic selection of strike prices and expiration dates.
Credit spreads involve simultaneously buying and selling options on the same underlying asset with different strike prices or expiration dates. The fund limits its exposure to any single ETF or index credit spread to 20% of its investment at the time of purchase, showing a measured approach to managing risk while seeking to profit from spreads.
