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FIAX · ARCA · ETF

Nicholas Fixed Income Alternative ETF (FIAX) Price, Holdings & Fees

$452.36+0.71%+$3.18End-of-day price as of Oct 9, 2026

Nicholas Fixed Income Alternative ETF (FIAX) closed at $452.36 on Oct 9, 2026, up 0.71% from the previous close of $449.18.

Share price, past year

1Y −5.85%

52-week range $439.20 – $501.54. Daily closing prices.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$452.36
Sep 30, 2026$443.39
Aug 31, 2026$456.06
Jul 31, 2026$478.29
Jun 30, 2026$491.97
May 29, 2026$489.43
Apr 30, 2026$456.60
Mar 31, 2026$457.79
Feb 27, 2026$455.08
Jan 30, 2026$459.05
Dec 31, 2025$445.99
Nov 28, 2025$474.44
Oct 31, 2025$490.63

Key statistics

Expense ratio
0.97%
as of Feb 28, 2026
Net assets
$129.2M
as of Jul 31, 2026
Holdings
14
as of Jul 31, 2026
52-week range
$439.20 – $501.54

Nicholas Fixed Income Alternative ETF's expense ratio is 0.97%: $97.00 a year on $10,000 invested.

Holdings

Nicholas Fixed Income Alternative ETF held 14 investments worth $129.25M as of Jul 31, 2026. Its largest holding was US TREASURY N/B, at 25.04% of the fund.

Nicholas Fixed Income Alternative ETF largest holdings by share of net assets
#Holding% of fundValue
1US TREASURY N/B25.04%$32.37M
2United States Treasury Note/Bond24.88%$32.15M
3US TREASURY N/B22.60%$29.21M
4US TREASURY N/B22.50%$29.08M
5US TREASURY N/B2.43%$3.14M
6N/A0.94%$1.22M
7First American Government Obli0.59%$765.96K
8N/A0.32%$409.93K
9N/A0.24%$312.55K
10N/A0.00%$0.00
11N/A0.00%$0.00
12N/A−0.09%−$116.55K
13N/A−0.33%−$430.83K
14N/A−0.64%−$826.50K

Top 14 of 14 holdings, as of Jul 31, 2026. Percentages are of the fund's net assets.

What the fund owns

Nicholas Fixed Income Alternative ETF holdings by asset type
Asset type% of fund
Bonds and other debt97.45%
Cash and short-term investments0.59%
Derivatives0.44%
Nicholas Fixed Income Alternative ETF holdings by country, largest 1
Country% of fund
United States98.48%

Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.

Monthly total returns

Over the 3 months to Jul 31, 2026, Nicholas Fixed Income Alternative ETF's total return was +0.75%, as reported to the SEC.

Nicholas Fixed Income Alternative ETF monthly total returns
MonthTotal return
Jul 31, 2026−0.16%
Jun 30, 2026+0.40%
May 31, 2026+0.51%

The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.

Fund profile

Name
Nicholas Fixed Income Alternative ETF
Ticker
FIAX
Exchange
ARCA
Fund type
ETF
Trust
Tidal Trust II
SEC series ID
S000078265
SEC CIK
0001924868
Fractional shares
No

Recent SEC filings

Shareholder reports and prospectuses are filed by Tidal Trust II, the trust behind Nicholas Fixed Income Alternative ETF, and cover all of its funds.

Frequently asked questions

What is FIAX's price?

Nicholas Fixed Income Alternative ETF (FIAX) closed at $452.36 on Oct 9, 2026, up 0.71% from the previous close of $449.18.

What is FIAX's expense ratio?

Nicholas Fixed Income Alternative ETF's expense ratio is 0.97%: $97.00 a year on $10,000 invested.

What does FIAX hold?

Nicholas Fixed Income Alternative ETF held 14 investments worth $129.25M as of Jul 31, 2026. Its largest holding was US TREASURY N/B, at 25.04% of the fund. Its five largest holdings were US TREASURY N/B, United States Treasury Note/Bond, US TREASURY N/B, US TREASURY N/B, US TREASURY N/B.

How has FIAX performed?

Over the 3 months to Jul 31, 2026, Nicholas Fixed Income Alternative ETF's total return was +0.75%, as reported to the SEC.

Sources and methodology

Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jul 31, 2026 (filed Sep 28, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Feb 28, 2026. Prices are generated sample data for development. Data sources and disclosures