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GIAX Nicholas Global Equity and Income ETF

Option income on ACWI, paying weekly

Over the year to Sep 11, 2026, GIAX paid 23.3% in cash and still finished 3.4 points behind ACWI.

Nicholas · Income ETFs · data as of

Key facts

23.3%Cash paid, 1 year, on its starting price
+15.8%Total return, 1 year
−3.4 ptsAgainst ACWI
24.5%Latest payout, annualized

Method

ETFIQ Return Stability Score

40.6115th of 161

GIAX paid 23.3% in cash. Its price fell 9.8%, so 42% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTOPW −18.6 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsGIAX −3.4 ptsGIAX −3.4 pts−38.1 pts+24.6 pts

54.3% of the 161 sit at or below GIAX on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%TOPW −36.6%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%GIAX −9.8%GIAX −9.8%−75.0%+68.6%

27% of the 161 sit at or below GIAX on this measure.

Weighted evenly, those two positions are what the score combines, across the 161 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−3.4 pts54.350%
what happened to the principal−9.8%2750%

All income ETFs ranked by this score · How it is computed

3rd of 5 income ETFs writing on ACWI, by return against it

What a holder got

GIAX against ACWIGIAX returned +15.8% with distributions reinvested against +19.1% for All-country world (ACWI), a gap of −3.4 pts. Of that, 23.3% arrived as cash rather than price.+15.8%GIAX total return+19.1%All-country world (ACWI)23.3% of it arrived as cash

Over the year to Sep 11, 2026, GIAX returned +15.8% with distributions reinvested and All-country world (ACWI) returned +19.1%, so a holder came out behind it by 3.4 points. The lighter segment is the 23.3% that arrived as cash rather than as price.

Its ten largest equity positions

GIAX top ten by weight, 59.7% of its 22 equity positions, from the holdings filed for Apr 30, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the fund’s SEC filing.
HoldingTickerWeight
Vanguard FTSE Developed MarketVEA9.41%
Freedom 100 Emerging Markets EFRDM8.58%
Vanguard Small-Cap ETFVB7.23%
Vanguard S&P 500 ETFVOO6.90%
Vanguard Mid-Cap Growth ETFVOT5.67%
Nebius Group NVNBIS4.66%
Alphabet IncGOOGL4.59%
Robinhood Markets IncHOOD4.29%
Amazon.com IncAMZN4.23%
TSMCTSM4.11%

Method

Period by period

GIAX over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnACWIAhead or behind
3 months5.7%−7.6%−1.9%+3.1%−5.0 pts
6 months13.1%+7.9%+21.7%+15.6%+6.1 pts
1 year23.3%−9.8%+15.8%+19.1%−3.4 pts
Since launch44.9%−20.1%+33.2%+47.3%−14.1 pts

Method

When GIAX pays

GIAX pays weekly. The last distribution was $0.075 a share, which went ex on Sep 11, 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 Sep 18, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for GIAX. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 18, 2026Sep 21, 2026$0.075ETFIQ projection from the fund’s own cadence
Sep 25, 2026Sep 28, 2026$0.075ETFIQ projection from the fund’s own cadence
Oct 2, 2026Oct 5, 2026$0.075ETFIQ projection from the fund’s own cadence
Oct 9, 2026Oct 12, 2026$0.075ETFIQ projection from the fund’s own cadence
Oct 16, 2026Oct 19, 2026$0.075ETFIQ projection from the fund’s own cadence
Oct 23, 2026Oct 26, 2026$0.075ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for GIAX (13, most recent first)
Cash distributions per share for GIAX. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 11, 2026$0.075
Sep 4, 2026$0.0725
Aug 28, 2026$0.0736
Aug 21, 2026$0.0736
Aug 14, 2026$0.0736
Aug 7, 2026$0.0744
Jul 31, 2026$0.0682
Jul 24, 2026$0.0734
Jul 17, 2026$0.0745
Jul 10, 2026$0.0748
Jul 6, 2026$0.0793
Jun 26, 2026$0.0794
Jun 22, 2026$0.0807

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Jul 30, 2024, GIAX has returned +33.2% with distributions reinvested, against +47.3% for All-country world (ACWI), and has paid out 44.9% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 24.5%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

GIAX (Nicholas Global Equity and Income ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkAll-country world (ACWI)
Paysweekly
Net assets (SEC filing, whole fund, as filed for Apr 30, 2026)$86m
Latest payout, annualized (ETFIQ)24.5%
Expense ratio (485BPOS XBRL, Feb 23, 2026)1.03%
Cash paid, last 12 months, over today’s price (ETFIQ)25.9%
LaunchedJul 30, 2024
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.075 ex Sep 11, 2026
Sum of the last 12 distributions$0.8923

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has GIAX paid over the last year?
Over the year to Sep 11, 2026, GIAX paid 23.3% of its starting price in cash distributions, while the price fell 9.8%.
Is GIAX ahead of ACWI?
Over the year to Sep 11, 2026, with every distribution reinvested, GIAX returned +15.8% against +19.1% for All-country world (ACWI), so a holder was behind it by 3.4 points.
How often does GIAX pay, and how much?
GIAX pays weekly. The latest distribution annualizes to 24.5% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does GIAX next pay a distribution?
GIAX pays weekly. The last distribution went ex on Sep 11, 2026 at $0.075 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 18, 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.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

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GIAX payout bar, ETFIQ

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Where GIAX is written about

GIAX, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open GIAX live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, GIAX, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/giax Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources