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NICO

GradeDNew York Stock Exchange Arca

Hexis Active Nicotine Engagement ETF

Themes · Hexis · Inception 2026-05-06

$25.10−0.03 (−0.11%)

As of Sep 23, 2026, 10:33 AM EDT

History starts May 6, 2026.History starts May 6, 2026.History starts May 6, 2026.
Intraday session: down, 3 prints from 25.13 to 25.10. Range 25.10 to 25.13. Use the arrow keys to read each point.$25.11$25.12$25.1310 AM12 PM2 PM4 PM
Expense ratio
0.70%
Fund size
$2M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$24.98
52W range
low $24.62high $27.44

The ETF.net NICO Grade

D

33/ 100

Rank 11 of 11 in Consumer Lifestyle⁠

Confidence Low

Six-pillar profile for NICO. Scores out of 100: Cost 10, Risk 70, Mission not scored, Tradability 43, Holdings not scored, Durability 32. Strongest: Risk (70). Weakest: Cost (10). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned33This cap took−0Published score33 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 10
    Category rank11/11 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 70
    Category rank2/11 · top 18%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 43
    Category rank8/11 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank9/11 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on NICO

ETF.net Research

DMost staples funds own tobacco as a sliver next to soap and soda. This one makes it the whole trade: active management, a global mandate, and at least 80% of assets in tobacco and nicotine companies.

Stated mandate

The Fund seeks long-term capital appreciation through active management, normally investing at least 80% of net assets in companies engaged in the global tobacco and nicotine sectors.

Why people hold it

  1. 01Pure-play by design: at least 80% of net assets go to global tobacco and nicotine names, not a slice of a diversified staples basket.
  2. 02Actively managed rather than index-tracking, with a global remit, so the manager can pick across markets instead of following a fixed weighting.
  3. 03Standard 1940 Act ETF plumbing: it trades like any ordinary stock fund, and shareholders get a 1099 rather than a K-1.sec.gov

Worth knowing

  1. 010.70% a year is the price of active, single-theme access; the broad staples index funds in its group (XLP, VDC, FSTA) charge under a tenth of a percent.
  2. 02A small, thinly traded fund since its 2026 launch, so bid-ask spreads can run wider than on the giant staples funds.
  3. 03Income is not the mandate here: the objective is long-term capital appreciation, and regular payouts have not been a feature of the fund.

NICO Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Stocks
Holdings
—
Top-10 weight
125%
Largest holding
First American Treasury Obligations Fund 01/01/204034.5%

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Treasury Obligations Fund 01/01/204034.51%606,822$607K147
002BTIBritish American Tobacco PLC15.62%4,921$275K40
003PMPhilip Morris International Inc15.47%1,442$272K412
004—BRITISH AMERICAN TOBACCO P.L.C.-SWAP-CANT-L13.11%4,130$231K1
005MOAltria Group Inc10.35%2,618$182K369
006IMB.LIMPERIAL BRANDS PLC9.89%5,208$174K138
007—PHILIP MORRIS INTERNATIONAL INC.-SWAP-CANT-L9.01%840$158K1
008—ALTRIA GROUP, INC.-SWAP-CANT-L6.00%1,519$106K1
009—IMPERIAL BRANDS PLC-SWAP-CANT-L5.73%3,024$101K1
0102914.TJapan Tobacco Inc5.25%2,100$92K132
011033780.KSKT&G Corp4.41%623$78K81
012STG.COScandinavian Tobacco Group A/S0.99%1,540$17K30
013RLXRLX Technology Inc0.94%9,863$17K31
014BATS.LBritish American Tobacco PLC0.83%259$15K145
015HAYPP.STHaypp Group AB0.51%595$9K5

Showing 1–15 of 17 holdings

NICO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NICO$10,068
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. NICO $10,068. SPY $10,415. Use the arrow keys to read each point.$9,707$10,331$10,955Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NICO. Periods over one year show the average yearly return.
PeriodNICO
Year to dateFund launched this year—
1 month+0.4%
3 months+0.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NICO
YearReturn barNICO
2026 YTD−0.6%

Since listing, May 6, 2026

NICO in the news

ETF.net Research hasn’t filed on NICO yet — coverage lands here as it’s written.

NICO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

NICO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.53
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NICO Cost

Expense ratio0.70%
  • The middle half of Consumer Lifestyle funds
  • Median 0.58%

Every other Consumer Lifestyle fund charges less.

NICO costs $70.00 a year on $10,000. The median Consumer Lifestyle fund costs $58.00.