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About Sound Enhanced Fixed Income ETF
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Inception date
Dec 30, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863648197
FXED relies on the advisers ability to select fixed income securities. The portfolio can include fixed income securities issued by US and foreign corporations and governments. The selection process categorizes securities into component groups based on industry, credit rating, duration, and security type. For each category, the adviser establishes estimates of expected returns for both yield and capital appreciation. Individual securities are selected based on fundamental criteria, taking into account the yield, duration, and option-adjusted spread as compared to estimates. The portfolio will contain approximately an equal combination of both investment grade and high-yield debt securities of any duration. Holdings may also include shares of business development companies and real estate investment trusts. The adviser monitors the market and fundamental criteria to make buy and sell decisions. Prior to April 03, 2023, the fund traded under the ticker SDEF.
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
Finance
Corporate
Stocks27.04%
Finance22.41%
Miscellaneous4.63%
Bonds, Cash & Other72.96%
Corporate55.80%
ETF9.83%
Mutual fund6.83%
Cash0.49%
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
FXED top holdings are Hercules Capital, Inc. and Ares Capital Corporation, occupying 3.57% and 3.51% of the portfolio correspondingly.
FXED last dividends amounted to 0.04 USD. Before that, the issuer paid 0.04 USD in dividends,
FXED assets under management is 44.57 M USD. It's risen 3.08% over the last month.
FXED fund flows account for 6.54 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, FXED pays dividends to its holders with the dividend yield of 5.44%. The last dividend (Aug 29, 2025) amounted to 0.04 USD.
FXED shares are issued by Toroso Investments Topco LLC under the brand Sound Income Strategies. The ETF was launched on Dec 30, 2020, and its management style is Active.
FXED expense ratio is 2.51% meaning you'd have to pay 2.51% of your investment to help manage the fund.
FXED follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FXED invests in bonds.
FXED price has risen by 2.89% over the last month, and its yearly performance shows a −2.46% decrease. See more dynamics on FXED price chart.
NAV returns, another gauge of an ETF dynamics, showed a 5.13% increase in three-month performance and has increased by 4.47% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 5.13% increase in three-month performance and has increased by 4.47% in a year.
FXED trades at a premium (0.38%) meaning the ETF is trading at a higher price than the calculated NAV.