FIAX

Nicholas Fixed Income Alternative ETF

NAV as of 19-Sep-2023

19.7778

4 Week: 19.81 - 20.07

52 Week: 19.71 - 20.10

Latest Closing Price

19.81

Premium / Discount

0.17

Expense Ratio

0.95%

Investment Objective

The investment seeks current income. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in U.S. Treasury fixed income securities. he Fund typically writes index put options and call options with weekly, monthly, and quarterly expirations. The fund will generally have up to ten credit spreads at any given time, with up to 20% exposure to a single ETF or index credit spread (measured at the time of purchase). It is non-diversified.

Main Fund Characteristics

Fund Manager:
Nicholas Wealth Management
Asset Under Management:
48,137,643
Launch Date:
28/11/2022
Asset Class:
Fixed Income
Replication Method:
Not Applicable
Number of Holdings:
8
Trading Currency:
USD
Style:
Region/Sector/Strategy:
N.A / N.A / N.A
Exchange:
NYSE

Performance

Period Performance Returns(%) Volatility(%) Risk Adjusted Performance
YTD-0.730.15-4.77
1 Day-0.040.000.00
1 Week-0.750.44-1.70
1 Month0.091.030.09
3 Months-0.751.54-0.49
6 Months-1.271.84-0.69
1 Year0.000.000.00
2 Years0.000.000.00
3 Years0.000.000.00
5 Years0.000.000.00
10 Years0.000.000.00

Price History

-

Annual Performance Return

2013201420152016201720182019202020212022
Price (%) 0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
Nav (%) 0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
Rank 0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000

Dividend Frequency

Lastest Dividend

Ex Date Payment Date Dividend Payout per unit
N.A

Portfolio Data

Total Number of Holdings: 8

Number of Bond Holdings: 3

Number of Equity Holdings: 2

Total Market Value: 48,137,643

Portfolio Composition

Top 10 Holdings

% Portfolio Weight Shares Owned Shares Changed Market Value
1United States Treasury Notes 0.75%47.352222,298,000022,008,253
2United States Treasury Notes 1%24.456111,992,000011,366,636
3United States Treasury Notes 0.25%24.252811,554,000011,272,187

Country Exposure

Regional Exposure

America

Greater Europe

Greater Asia

Market Classification

Market Capitalization

Size% of portfolio
Giant0.53
Large0.38
Medium0.19
Small0.00
Micro0.00

Equity Style Box Breakdown

000Large
000Mid
000Small
ValueBlendGrowth

Value Measures

Price/Prospective Earnings*

20.0290

Price/Book*

3.6626

Price/Sales*

2.2752

Price/Cash Flow*

13.4840

Dividend Yield*

1.6798

Growth Measures

Long-Term Earnings

11.7946

Historical Earnings

15.0288

Sales Growth

11.3994

Cash-Flow Growth

7.9896

Book-Value Growth

4.6383

*Forward-looking based on historical data.

Equity Sector

Number of Bond Holdings

3

Bond Statitics

DetailValue
Average Effective Duration0
Average Effective Maturity (Years)*0
Average Credit Quality0
Average Weighted Coupon*0.69
Average Weighted Price*97.42

Bond Style Box Breakdown

000HighQuality
000Med
000Low
LtdModExt
Interest-Rate Sensitivity

Credit Quality

Type% Bonds
N.A

Bond Sector

Type
% Bonds

Bond Maturity

% Bonds
1 to 3 Years24.46
3 to 5 Years0.00
5 to 7 Years0.00
7 to 10 Years0.00
10 to 15 Years0.00
15 to 20 Years0.00
20 to 30 Years0.00
Over 30 Years0.00
1 to 7 Days0.00
8 to 30 Days0.00
31 to 90 Days0.00
91 to 182 Days71.61
183 to 364 Days0.00

Data Source: Morningstar

© 2019 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein:

(1) include the proprietary information of Morningstar and Morningstar’s third party licensors;
(2) may not be copied or redistributed except as specifically authorised;
(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
(6) may be drawn from fund data published on various dates.

Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.

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