GIAX Nicholas Global Equity and Income ETF
Share ▾
Over the year to Oct 28, 2026, GIAX paid 23.6% in cash and returned 10.6% in total, against 13.6% for SPY.
Promise check: MissedOver the year to Oct 28, 2026, GIAX paid 23.6% in cash and returned 10.6% in total, covering 44.9% of its payout. Since launch it covered 65.6%.
GIAX risk and return scorecard
vs SPY · Aug 2024 to Oct 2026 · 115 weekly returns · dividend-adjusted
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data
Money in and out
Net fund flows · Jul 31, 2026What you earned
What it paid
13 distributions · latest Oct 23, 2026More on GIAX
Every number below is on this page. Open what you need.Price and total return, 1 year
$15.22+0.9%1 day, priceClose, Oct 28, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
| Window | Total return | Cash paid | Price | SPY | Ahead or behind |
|---|---|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | −3.6% | 1.8% | −5.4% | +0.9% | −4.5 pts |
| 3M Jul 29 – Oct 28, 2026 | +11.7% | 6.6% | +5.2% | +6.1% | +5.6 pts |
| 6M Apr 29 – Oct 28, 2026 | +8.7% | 12.4% | −3.6% | +9.1% | −0.4 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | +12.9% | 19.4% | −7.5% | +14.1% | −1.2 pts |
| 1Y Oct 28, 2025 – Oct 28, 2026 | +10.6% | 23.6% | −14.5% | +13.6% | −3.0 pts |
| Since launch Jul 30, 2024 – Oct 28, 2026 | +30.9% | 47.1% | −23.6% | +46.2% | −15.3 pts |
| Since launch, annualised Jul 30, 2024 – Oct 28, 2026 | +12.7% | – | – | – | – |
Total returns, distributions reinvested. Listed Jul 2024: no 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
0.0%
0.0%
0.0%
0.0%
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
GIAX paid 23.6% in cash over the year and returned 10.6% in total, less than it paid out.
Money in and out
Monthly data · as of Jul 31, 2026GIAX: in the month to Jul 31, 2026, net $6.0m came in, by its SEC filing.
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
monthly, from SEC filings
Computed by ETFIQ from the monthly sales and redemptions GIAX files with the SEC on Form N-PORT.
How this is computed
ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jul 2026. Every day and month ETFIQ holds for GIAX, back to Jul 2024, is in its flows file. Flows across every fund · How these flows are computed · Compare GIAX with other funds in the flows tool
Month by month, money in and money outJul 2024 to Jul 2026
GIAX, money in and money out each month from Jul 2024 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from GIAX’s SEC filings (N-PORT item B.6). Of the 25 months listed, money came in on net in 23 and went out in 2.
Every bar is from GIAX’s SEC filings (N-PORT item B.6). Of the 25 months listed, money came in on net in 23 and went out in 2.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jul 31, 2026. Updated when the fund files its next report.
GIAX key stats
GIAX return of capital and tax
Trading
as of Jan 13, 2026
13 distributions for GIAX, $0.0682 to $0.0764 a share and $0.0736 in the middle, Jul 31, 2026 to Oct 23, 2026. 6 further ex-dates are expected with no amount the issuer has declared, so they are not drawn.
GIAX pays weekly. The last distribution was $0.0702 a share, which went ex on Oct 23, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Oct 30, 2026; that date is an ETFIQ projection, not the issuer’s.
Expected distributions for GIAX. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.
Cash distributions per share for GIAX. Source: ETFIQ from Tiingo end-of-day distributions.
Source: ETFIQ, from Tiingo end-of-day distributions.
How much of what it paid out did its total return cover?
That is the share of the 164 income ETFs not writing on a single company sitting at or below GIAX.
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. Where the fund sits in this set, not a rating. Do not average it with another category's score.
Total return as a share of the cash paid: 44.9% · 33rd pct, −271.3% to 2,166.7% across 164.
GIAX top ten by weight, 45.2% of the fund, of its 20 equity positions, from the holdings filed for Jul 31, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
Source: The fund’s SEC filing.
About GIAX
How we measure
12 seats on GIAX, as of Oct 28, 2026: 1 Mixed, 5 Challenges, 6 Not enough data.
Questions people ask about GIAX
- How much has GIAX paid over the last year?
- Over the year to Oct 28, 2026, GIAX paid 23.6% of its starting price in cash distributions, while the price fell 14.5%.
- Is GIAX ahead of SPY?
- Over the year to Oct 28, 2026, with every distribution reinvested, GIAX returned +10.6% against +13.6% for S&P 500 (SPY), so a holder was behind it by 3.0 points.
- How often does GIAX pay, and how much?
- GIAX pays weekly. The latest distribution annualizes to 24.0% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
- Is the GIAX distribution return of capital?
- Nicholas estimates 0% of the distribution paid Oct 5, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
- When does GIAX next pay a distribution?
- GIAX pays weekly. The last distribution went ex on Oct 23, 2026 at $0.0702 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Oct 30, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
- What does GIAX cost?
- The prospectus expense ratio is 1.03% a year.
- How much of GIAX’s distribution is return of capital?
- Nicholas’s Rule 19a-1 notice estimates 0.0% of the distribution paid Oct 5, 2026 was return of capital. Across its notices for distributions paid Oct 31, 2025 to Oct 5, 2026, the estimate is 70.2%. The annual report for the fiscal year to Oct 31, 2025 puts it at 99.6% of distributions. Estimates come before the fund year closes and often change.
Links are sources, not endorsements.
Cite this pageCitation, APA and Markdown
ETFIQ, GIAX, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/giax
ETFIQ. (Oct 28, 2026). GIAX, income ETFs. Retrieved from https://etfiq.com/funds/giax
[GIAX, income ETFs (ETFIQ, Oct 28, 2026)](https://etfiq.com/funds/giax)
The payout bar for GIAX, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Embed this chart
Free to use with the credit link. Paste this where the chart should go; it updates every trading night.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/giax"><img src="https://etfiq.com/assistant/api/embed/income/giax.svg" alt="GIAX: GIAX over 1 year: paid 23.6%, price −14.5%, total +10.6%, SPY +13.6%, −3.0 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">GIAX: GIAX over 1 year: paid 23.6%, price −14.5%, total +10.6%, SPY +13.6%, −3.0 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/giax">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Oct 28, 2026. More on the tabs above.