- What does FXED invest in?
- Under typical market circumstances, this fund allocates a minimum of 80% of its net assets to fixed income instruments. Its portfolio commonly comprises U.S. corporate debt, preferred shares, exchange-traded funds (ETFs) focused on bonds, sovereign obligations, and privately placed debt. The fund also has the flexibility to invest in fixed income securities issued by both domestic and international corporations, as well as those from governments, their various agencies, or supranational entities. It operates as a non-diversified fund.
- What is the expense ratio of FXED?
- Sound Enhanced Fixed Income ETF (FXED) charges an expense ratio of 0.49%. 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 7.83%, 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.
