Nicholas Defense and Rare Earth Income ETF

Nicholas Defense and Rare Earth Income ETF is an actively managed exchange-traded fund that primarily seeks capital appreciation, with a secondary objective of generating current income. It invests in equity shares of companies involved in national defense sectors such as aerospace, intelligence, weapons systems, cybersecurity, defense electronics, and defense technology applications, alongside firms engaged in producing, refining, and recycling rare earth elements and strategic metals and minerals. The fund also provides exposure to price returns of U.S.-listed exchange-traded funds and products focused on key commodities including aluminum, copper, uranium, lithium, cobalt, steel, and platinum. Complementing these holdings is an options overlay strategy that employs defined-risk option premium trades on individual equity holdings and underlying funds to enhance income potential. This multi-component approach offers targeted access to defense industries and critical materials essential for advanced manufacturing, security, and technological applications within the financial markets.