What this ETF is trying to do

The HEXIS Active Nicotine Engagement ETF (NICO) is an exchange-traded fund that focuses on companies involved in the nicotine and tobacco industry. It holds a variety of assets, including stocks in major tobacco companies and treasury obligations.

What the numbers show

As of October 5, 2026, the share price for NICO was $24.75.

Currently, there is no data available for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund's holdings can change over time. As of October 7, 2026, the top holdings included:

• First American Treasury Obligs X: 39.02%

• Philip Morris International Inc: 14.8%

• British American Tobacco PLC ADR: 14.39%

• British American Tobacco P.L.C.-Swap-Cant-L: 12.94%

• Altria Group Inc: 9.48%

Income and distribution explanation

The distribution yield for this ETF is 0%. There have been no distributions detected, and the payout count for the last 12 months is zero. This means the fund has not paid out cash to investors during this period.

It is important for new investors to remember that a high distribution yield alone can be misleading. While some investors look for high yields for income, those payments do not guarantee that the original investment (the principal) is safe.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time. This is a concern for income investors because they want their principal to remain stable while they collect payments.

For this specific ETF, the severe erosion-risk flag is false. However, as mentioned before, there is currently insufficient price history to provide a specific erosion-risk score.

Pros

• The fund provides exposure to several of the largest global nicotine and tobacco companies.

• It holds a significant amount of treasury obligations (39.02%), which are generally different in risk compared to individual stocks.

Cons

• There is currently no available data on price or total returns to show how the fund has performed over time.

• The fund has an income rating grade of "F" and a score of 49, reflecting the lack of distributions.

Beginner takeaway

NICO is a specialized ETF focusing on the nicotine industry. It currently does not pay a distribution yield, and there is not enough historical data to determine its past performance or erosion risk. Investors should look at the holdings to understand the types of companies the fund owns.