Nicholas Global Equity and Income ETF (GIAX)

The Nicholas Global Equity and Income ETF (GIAX) is an actively managed exchange-traded fund sponsored by Nicholas Wealth Management. As its name indicates, the fund pursues a combination of equity market exposure and current income, drawing on stocks from both U.S. and international markets.

The fund's income component comes from an options-based strategy layered on top of its global equity exposure, so part of the potential upside of the underlying holdings may be exchanged for option premium that is distributed to shareholders. The portfolio managers decide on allocations and option positions rather than replicating a fixed index.

The ETF trades on NYSE Arca and is aimed at investors who want diversified worldwide stock exposure packaged with a regular distribution policy.