FXEDSound Enhanced Fixed Income ETF

Get income5y track recordRanked #1,427 of 1,622 in this goal

Seeks current income while providing the opportunity for capital appreciation.

By Sound ETF · Launched 2020

Annual Cost

1.89%

#5,509 of 5,562 · expensive

Fund Size

$40M

#3,773 of 5,562 · small

Dividend YieldGoal

7.10%

Track Record

5 years

#2,273 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,486+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 46.6% of fundmoderately concentrated

Mount Vernon Liquid Assets Portfolio, LLC

21.0%

Hercules Capital Inc

3.4%

Ares Capital Corp

3.3%

iShares 0-5 Year High Yield Co

3.0%

AllianceBernstein Global High Income Fund Inc

2.9%

Sixth Street Specialty Lending

2.8%

iShares J.P. Morgan EM High Yi

2.8%

Golub Capital BDC Inc

2.7%

GOODYEAR TIRE & RUBBER

2.4%

JPMORGAN CHASE & CO

2.4%

Asset allocation

Bonds

42.5%

Preferred

28.4%

Stocks

27.5%

Cash

1.0%

Other

0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

6.8%Low

Year-on-year price swings

Max drawdown

-20.1%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.37Below average

Sortino (3Y)

0.54Moderate downside risk

Bond profile

Duration

5.7 years

Avg maturity

9.8 years

Credit ratings

US Government

4.4%

Where to buy

Listing

Exchange: New York Stock Exchange

Full fund details

Objective: Seeks current income while providing the opportunity for capital appreciation.
Strategy: Actively managed ETF investing primarily in fixed income securities, including investment grade and high yield bonds. The Sub-Adviser uses a fundamental approach to analyze securities, adjusting portfolio weightings based on expected returns and market conditions.
Inception date: December 30, 2020
Fund family: Sound ETF