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About Nicholas Global Equity and Income ETF
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Inception date
Jul 29, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636J1622
GIAX combines global equity investing with selling daily index credit call spreads. For the equity portfolio, the fund typically invests in four to six unaffiliated, passively managed broad-based ETFs. These underlying ETFs are approximately equally weighted, with at least two tracking the performance of foreign equity markets. As the fund is actively managed, the adviser may adjust allocations to the underlying index ETFs at any given time. Meanwhile, the fund's index call spreads component generally uses cash-settled options on US equity indexes, typically with one-day expirations. The call spread strategy consists of selling an at-the-money call option while simultaneously buying an out-of-the-money call option to generate income. Although this strategy earns option premiums, it caps the fund's participation in potential gains. Additionally, the fund holds cash and short-term US Treasury securities to serve as collateral and to generate additional income.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
ETF
Stocks24.83%
Technology Services10.09%
Electronic Technology7.27%
Commercial Services2.84%
Consumer Durables2.41%
Retail Trade1.99%
Bonds, Cash & Other75.17%
ETF74.68%
Mutual fund1.44%
Cash−0.09%
Rights & Warrants−0.87%
Stock breakdown by region
North America94.43%
Europe2.88%
Asia2.69%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GIAX invests in funds. The fund's major sectors are ETF, with 74.68% stocks, and Mutual fund, with 1.44% of the basket. The assets are mostly located in the North America region.
GIAX top holdings are Vanguard Information Technology ETF and Vanguard Mid-Cap Growth ETF, occupying 15.40% and 11.91% of the portfolio correspondingly.
GIAX last dividends amounted to 0.35 USD. The month before, the issuer paid 0.36 USD in dividends, which shows a 2.26% decrease.
GIAX assets under management is 71.56 M USD. It's risen 5.20% over the last month.
GIAX fund flows account for 60.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GIAX pays dividends to its holders with the dividend yield of 24.90%. The last dividend (Aug 29, 2025) amounted to 0.35 USD. The dividends are paid monthly.
GIAX shares are issued by Toroso Investments Topco LLC under the brand Nicholas. The ETF was launched on Jul 29, 2024, and its management style is Active.
GIAX expense ratio is 0.93% meaning you'd have to pay 0.93% of your investment to help manage the fund.
GIAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GIAX invests in funds.
GIAX price has fallen by −0.78% over the last month, and its yearly performance shows a −9.59% decrease. See more dynamics on GIAX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.66% increase in three-month performance and has increased by 11.63% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.66% increase in three-month performance and has increased by 11.63% in a year.
GIAX trades at a premium (0.28%) meaning the ETF is trading at a higher price than the calculated NAV.