Key stats
About Soundwatch Hedged Equity ETF
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Inception date
Oct 24, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Soundwatch Capital LLC
Distributor
Quasar Distributors LLC
ISIN
US00777X6031
SHDG leverages the advisers options expertise to invest in US large-cap stocks, ETFs that track US large-cap indices, equity index futures, and other derivatives that provide similar investment characteristics as equity securities. Against the equity portfolio, the fund manager writes (sells) calls or enters option spreads to potentially generate income. A portion of the income is used to buy put options or spreads to hedge the portfolio when deemed necessary. A combination of fundamental, technical, and cyclical analysis is used in order to position the underlying portfolio. The fund uses a proprietary rules-based strategy to select option contracts, prices, and maturities. Through the use of options, the fund aims to reduce downside risk and generate long-term equity returns in line with the S&P 500. Prior to launch, the strategy was offered as a mutual fund, using the same name. The fund converted with roughly $91.4 million in assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF96.79%
Mutual fund3.42%
Cash0.26%
Rights & Warrants−0.47%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SHDG invests in funds. The fund's major sectors are ETF, with 96.79% stocks, and Mutual fund, with 3.42% of the basket. The assets are mostly located in the North America region.
SHDG last dividends amounted to 0.18 USD. The year before, the issuer paid 0.30 USD in dividends, which shows a 68.62% decrease.
SHDG assets under management is 162.34 M USD. It's risen 1.69% over the last month.
SHDG fund flows account for 6.56 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SHDG pays dividends to its holders with the dividend yield of 0.58%. The last dividend (Dec 30, 2024) amounted to 0.18 USD. The dividends are paid annually.
SHDG shares are issued by Soundwatch Capital LLC under the brand SoundWatch Capital. The ETF was launched on Oct 24, 2022, and its management style is Active.
SHDG expense ratio is 0.53% meaning you'd have to pay 0.53% of your investment to help manage the fund.
SHDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SHDG invests in funds.
SHDG price has risen by 2.30% over the last month, and its yearly performance shows a 11.85% increase. See more dynamics on SHDG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.65% over the last month, showed a 6.07% increase in three-month performance and has increased by 12.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.65% over the last month, showed a 6.07% increase in three-month performance and has increased by 12.83% in a year.
SHDG trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.