- What does FXED invest in?
- Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.
- What is the expense ratio of FXED?
- Sound Enhanced Fixed Income ETF (FXED) charges an expense ratio of 2.51%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FXED's dividend yield?
- FXED's trailing-twelve-month yield is 7.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FXED?
- Effective duration measures FXED's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FXED's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FXED?
- FXED's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FXED?
- Yield to maturity (YTM) is the total return you'd earn from FXED if every bond in the portfolio is held to maturity at the current price. FXED's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
