GIAX
Nicholas Global Equity And Income ETF
The Nicholas Global Equity And Income ETF is a fund of funds that seeks to provide investors with long-term capital appreciation and current income by investing equity ETFs with global exposure, while selling daily index credit call spreads.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
67.9 M
ASSETS UNDER MGMT
97 bp
EXPENSES
Fund Basics
| Fund sponsor | Nicholas |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jul 29, 2024 |
| Assets (mns) | $68 |
| Expense ratio | 97 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top Holdings
| VANGUARD INFORMATION TECHNOLOGY ETF | 15.2 % |
| VANGUARD MID-CAP GROWTH ETF | 11.9 % |
| VANGUARD S&P 500 ETF | 9.5 % |
| VANGUARD DIVIDEND APPRECIATION ETF | 8.7 % |
| VANGUARD SMALL-CAP ETF | 5.1 % |
| NVIDIA CORP | 4.7 % |
| FREEDOM 100 EMERGING MARKETS ETF | 4.2 % |
| GLOBAL X DEFENSE TECH ETF | 3.9 % |
| VANECK ISRAEL ETF | 3.5 % |
| GLOBAL X MSCI ARGENTINA ETF | 3.4 % |
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.9% | -12.4% | -- | -- | -- | -- | -- | -11.7% |
| Dividend Yield | 14.1% | 21.7% | -- | -- | -- | -- | -- | 22.1% |
| Total Returns | 7.2% | 9.3% | -- | -- | -- | -- | -- | 10.4% | Ann. Volatility | 22.0% | 19.2% | -- | -- | -- | -- | -- | 19.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 84% |
| MSCI EAFE | 0.10 | 1% |
| MSCI Emg Mkts | -0.31 | 4% |
Liquidity Measures
| Avg. volume (000) | 40 |
| ADV traded (mns) | $1 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
Technical Indicators
| Recent close | $17.42 |
| 30d moving avg. | $17.70 |
| Annualized volatility | 14.3% |
| Relative strength (RSI) | 52 |
| Short interest | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| GIAX (97 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GIAX | 97.0 | 30.8 | 127.8 |
| Peer Avg. | 96.3 | 31.5 | 127.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .