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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
Identifiers
3
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
Electronic Technology
ETF
Stocks51.07%
Technology Services22.25%
Electronic Technology16.69%
Consumer Durables4.13%
Finance3.79%
Retail Trade3.50%
Bonds, Cash & Other48.93%
ETF49.49%
Mutual fund0.77%
Cash0.08%
Rights & Warrants−1.41%
Stock breakdown by region
North America87.32%
Asia5.31%
Europe3.96%
Oceania3.41%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GIAX invests in stocks. The fund's major sectors are Technology Services, with 22.56% stocks, and Electronic Technology, with 16.93% of the basket. The assets are mostly located in the North America region.
GIAX top holdings are Vanguard FTSE Developed Markets ETF and Freedom 100 Emerging Markets ETF, occupying 11.52% and 9.16% of the portfolio correspondingly.
GIAX last dividends amounted to 0.07 USD. The month before, the issuer paid 0.07 USD in dividends, which shows a 1.91% decrease.
GIAX assets under management is 87.88 M USD. It's risen 2.90% over the last month.
GIAX fund flows account for 48.71 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 28.44%. The last dividend (Feb 17, 2026) amounted to 0.07 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 stocks.
GIAX price has fallen by −9.04% over the last month, and its yearly performance shows a −19.00% decrease. See more dynamics on GIAX price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.81% over the last month, showed a −4.93% decrease in three-month performance and has increased by 4.54% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.81% over the last month, showed a −4.93% decrease in three-month performance and has increased by 4.54% in a year.
GIAX trades at a premium (0.54%) meaning the ETF is trading at a higher price than the calculated NAV.