FXED Sound Enhanced Fixed Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Sound Enhanced Fixed Income ETF (FXED) ETF
No description available.
- Exchange
- XNYS
- Inception
- 2020-12-30
- Has Options
- No
- Expense ratio
- 1.89% prospectus, filed Mar 26, 2026
- Assets
- $37M shares × price, Nov 11, 2026
- Trailing yield
- 7.50% paid semi-monthly
- Average daily volume
- $84K 30 sessions
- Holdings
- 63 top 10 are 23.2%
- Listed
- Dec 30, 2020 NYSE
- Last fee change
- -62 bp filed Mar 26, 2026
Moves with. Long Treasuries (11% of its variance, beta 0.21); US large-cap stocks (9% of its variance, beta 0.20); Small caps over large (5% of its variance, beta 0.13). These factors explain 28% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Sound Enhanced Fixed Income ETF (the Fund or the Enhanced Fixed Income ETF) seeks current income while providing the opportunity for capital appreciation. (from the fund's prospectus)
All 63 holdingsFlow historySimilar fundsOverlap toolAll Multisector Bond ETFs
- Aug 2026
- $0 latest reported month
- Latest 3 months
- $0 0.0% of assets
- Latest 12 months
- −$1.8M −4.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | $0 |
| Jul 2026 | $0 |
| Jun 2026 | $0 |
| May 2026 | −$17K |
| Apr 2026 | $0 |
| Mar 2026 | −$872K |
| Feb 2026 | $0 |
| Jan 2026 | $0 |
| Dec 2025 | −$2.3M |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | +$1.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 69 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FBDCFT Confluence BDC & Specialty Finance Income ETF | 15% | — | $39M | −11.2% | compare |
| PBDCPutnam BDC Income ETF | 14% | 11.77% | $280M | −12.0% | compare |
| BIZDVanEck BDC Income ETF | 13% | 9.69% | $1.5B | −10.8% | compare |
| HYINWisdomTree Private Credit and Alternative Income Fund | 12% | 4.34% | $45M | −25.0% | compare |
| LBOWHITEWOLF Publicly Listed Private Equity ETF | 11% | 6.53% | $6.7M | −8.1% | compare |
Ranked by how much of the two portfolios is the same securities.
- Insider buying
- 11% of weight had net insider buying, 90 days; 3% net selling
- 13F holders
- +13.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 4.9% of weight in 7 days; 8.7% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | SHYGiShares 0-5 Year High Yield Co | 3.11% | — | — |
| Exit | AWFAllianceBernstein Global High | 2.92% | — | — |
| Exit | JPMPCJPMORGAN CHASE & CO | 2.45% | — | — |
| Exit | PCYInvesco Emerging Markets Sovereign Debt ETF | 2.33% | — | — |
| New position | AFGDAmerican Financial Group Inc/OH | — | 2.28% | — |
| New position | EQHPCEQUITABLE HOLDINGS INC | — | 2.26% | — |
| New position | DTWDTE Energy Co | — | 2.24% | — |
| New position | PRHPrudential Financial Inc | — | 2.24% | — |
| New position | NEEPNNEXTERA ENERGY CAPITAL | — | 2.22% | — |
| New position | TFCPRTRUIST FINANCIAL CORP | — | 2.22% | — |
15 new, 17 exited, 0 increased and 5 decreased between the fund's two latest holdings reports; turnover 64.8%. Full holdings and history
- Authorized participants
- 1 active of 1 with agreements; top 3 did 100%
- Created · redeemed
- $4.1M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 99% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 19.35% of assets on loan on average; earned 6.2 bp
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-29 | 2026-10-30 | $0.0400 | CD |
| 2026-10-15 | 2026-10-16 | $0.0400 | CD |
| 2026-09-29 | 2026-09-30 | $0.0400 | CD |
| 2026-09-15 | 2026-09-16 | $0.0400 | CD |
| 2026-08-28 | 2026-08-31 | $0.0400 | CD |
| 2026-08-17 | 2026-08-18 | $0.0400 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Mount Vernon Liquid Assets Portfolio, LLC | 13.02% | Short-term investment | US |
| GBDC | Golub Capital BDC Inc | 2.67% | Equity (common) | US |
| TSLX | Sixth Street Specialty Lending | 2.55% | Equity (common) | US |
| HTGC | Hercules Capital Inc | 2.29% | Equity (common) | US |
| AFGD | American Financial Group Inc/OH | 2.28% | Equity (preferred) | US |
| EQHPC | EQUITABLE HOLDINGS INC | 2.26% | Equity (preferred) | US |
| DTW | DTE Energy Co | 2.24% | Equity (preferred) | US |
| PRH | Prudential Financial Inc | 2.24% | Equity (preferred) | US |
| NEEPN | NEXTERA ENERGY CAPITAL | 2.22% | Equity (preferred) | US |
| TFCPR | TRUIST FINANCIAL CORP | 2.22% | Equity (preferred) | US |
| BACPP | BANK OF AMERICA CORP | 2.21% | Equity (preferred) | US |
| ARCC | Ares Capital Corp | 2.20% | Equity (common) | US |
| JPMPD | JPMORGAN CHASE & CO | 2.19% | Equity (preferred) | US |
| HYEM | VanEck Emerging Markets High Y | 2.18% | Equity (common) | US |
| WFCPD | Wells Fargo & Co | 2.16% | Equity (preferred) | US |
| CMSD | CMS Energy Corp | 2.13% | Equity (preferred) | US |
| EMHY | iShares J.P. Morgan EM High Yi | 2.09% | Equity (common) | US |
| JPMB | JPMorgan USD Emerging Markets | 2.09% | Equity (common) | US |
| — | Dominion Energy Inc | 2.01% | Debt | US |
| — | Kinder Morgan Energy Partners LP | 2.01% | Debt | US |
| PFLT | PennantPark Floating Rate Capi | 2.01% | Equity (common) | US |
| — | ENTERGY CORP | 2.01% | Debt | US |
| — | Apache Corp | 2.00% | Debt | US |
| — | ENERGY TRANSFER LP | 2.00% | Debt | US |
| — | NATIONAL FUEL GAS CO | 1.99% | Debt | US |
| MSPL | MORGAN STANLEY | 1.99% | Equity (preferred) | US |
| — | AT&T Inc | 1.99% | Debt | US |
| — | VIATRIS INC | 1.99% | Debt | US |
| — | CVS Health Corp | 1.99% | Debt | US |
| — | OMNICOM GROUP INC | 1.99% | Debt | US |
| — | KRAFT HEINZ FOODS CO | 1.98% | Debt | US |
| — | COMCAST CORP | 1.97% | Debt | US |
| — | HCA INC | 1.97% | Debt | US |
| — | HP ENTERPRISE CO | 1.96% | Debt | US |
| — | HA SUSTAINABLE INF CAP | 1.96% | Debt | US |
| — | JACOBS SOLUTIONS INC | 1.96% | Debt | US |
| SOJD | Southern Co/The | 1.87% | Equity (preferred) | US |
| — | DELL INC | 1.85% | Debt | US |
| AEFC | AEGON Funding Co LLC | 1.84% | Equity (preferred) | US |
| METPF | METLIFE INC | 1.82% | Equity (preferred) | US |
| SPG | Simon Property Group Inc | 1.53% | Equity (common) | US |
| O | Realty Income Corp | 1.30% | Equity (common) | US |
| VICI | VICI Properties Inc | 1.25% | Equity (common) | US |
| CTRE | CareTrust REIT Inc | 1.19% | Equity (common) | US |
| PINE | Alpine Income Property Trust I | 1.19% | Equity (common) | US |
| — | HASBRO INC | 1.07% | Debt | US |
| BXSL | Blackstone Secured Lending Fun | 0.93% | Equity (common) | US |
| PGHY | Invesco Global Ex US High Yiel | 0.91% | Equity (common) | US |
| OBDC | Blue Owl Capital Corp | 0.86% | Equity (common) | US |
| NNN | NNN REIT Inc | 0.80% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 37.16% | $14.6M | 22 |
| Short-term investment | 13.43% | $5.3M | 2 |
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 0.27% | 1.01% | 0.97% | 0.75% |
| Feb | -- | -0.79% | 1.54% | -2.00% | -0.42% |
| Mar | -- | 1.52% | -2.27% | -3.22% | -1.32% |
| Apr | 0.34% | -2.36% | -2.43% | 3.16% | -0.32% |
| May | -2.11% | 1.21% | 1.21% | -1.15% | -0.21% |
| Jun | 1.21% | -0.41% | 1.43% | -0.14% | 0.52% |
| Jul | 1.59% | 1.72% | 0.44% | -1.25% | 0.62% |
| Aug | -0.68% | 1.73% | 2.11% | -1.32% | 0.46% |
| Sep | -2.08% | 1.59% | -0.40% | -3.95% | -1.21% |
| Oct | -2.06% | -1.76% | -1.76% | -0.11% | -1.42% |
| Nov | 5.92% | 1.18% | -0.05% | -0.42%* | 1.66% |
| Dec | 2.79% | -3.63% | -1.38% | -- | -0.74% |
| Total | 4.73% | 0.09% | -0.69% | -9.21% | -1.27% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is the comprehensive stock analysis report for FXED:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Low volatility, trend following indicators in neutral territory
Primary Risks: Limited upside potential due to recent price consolidation, no clear catalysts driving the stock
Recent News Sentiment Impact: No recent news available, but historically low volatility and stable market conditions may contribute to this neutrality
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral, trending sideways between SMA 20 and SMA 50
- Medium-term (1-3 months): Neutral, within range of SMA 200 and EMA 12/26 crossovers
- Long-term (3-12 months): Uptrend, but currently paused
Support/Resistance Levels:
- Upper: $17.51 (Bollinger Band Upper)
- Middle: $17.32 (SMA 20 and EMA 12)
- Lower: $17.13 (Bollinger Band Lower)
Momentum Signals:
- RSI interpretation: Neutral, below 70 and above 30
- MACD signal: Bearish, but trending upward
- Bollinger Bands position: Squeeze, indicating reduced volatility
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: NEUTRAL (no clear sentiment due to lack of recent news)
Catalyst Identification: Earnings not scheduled for the next 3 months, but potential catalysts could emerge in the medium-term
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.20 vs SPY)
Volatility Regime: Low volatility regime, with stock moving less than the market
Options Market Signals:
- IV rank: N/A (no options data available)
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection:
- Support levels: SMA 20 and SMA 50, with lower Bollinger Band at $17.13
- Risk management considerations: Stop-loss levels around $16.90 to $17.10
Market Context & Positioning
Sector Performance: Neutral in the sector, with no strong trends or catalysts
Institutional Activity: Low volume and interest from institutional investors
Correlation Analysis: Stock moves less than the market (R-squared = 0.36)
Relative Valuation: Positioned within a trading range, but lacks clear direction
Key Levels & Action Items
- Critical price levels: SMA 20, SMA 50, and Bollinger Band Upper/Lower
- Breakout/Breakdown levels: Not identified due to current consolidation
- Time-sensitive catalysts: No upcoming events or releases expected in the next 3 months
- Risk management: Set stop-loss levels around $16.90 to $17.10, considering the low volatility regime
FXED Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
FXED Institutional Ownership (13F)
Filings for 2026-06-30 · 5 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| GBDC | Golub Capital BDC Inc | 2.67% | $12.51 | +0.12% | -1.84% | +3.18% |
| TSLX | Sixth Street Specialty Lending | 2.55% | $17.59 | +0.17% | -0.34% | +3.29% |
| HTGC | Hercules Capital Inc | 2.29% | $15.86 | +0.06% | -1.86% | -3.12% |
| AFGD | American Financial Group Inc/OH | 2.28% | $19.51 | -2.60% | -3.89% | -9.84% |
| DTW | DTE Energy Co | 2.24% | $17.34 | +0.00% | -3.29% | -5.56% |
| PRH | Prudential Financial Inc | 2.24% | $20.28 | -2.97% | -4.38% | -0.88% |
| ARCC | Ares Capital Corp | 2.20% | $19.14 | +0.16% | +0.05% | +2.24% |
| HYEM | VanEck Emerging Markets High Y | 2.18% | $19.16 | -0.13% | -0.13% | -1.21% |
| CMSD | CMS Energy Corp | 2.13% | $19.28 | -1.18% | -4.32% | -2.92% |
| EMHY | iShares J.P. Morgan EM High Yi | 2.09% | $38.53 | -0.04% | -0.19% | -0.45% |
| JPMB | JPMorgan USD Emerging Markets | 2.09% | $38.22 | -0.14% | -0.96% | -0.23% |
| PFLT | PennantPark Floating Rate Capi | 2.01% | $6.67 | -0.97% | -3.12% | +2.38% |
| SOJD | Southern Co/The | 1.87% | $16.68 | -1.24% | -4.36% | -5.07% |
| AEFC | AEGON Funding Co LLC | 1.84% | $16.98 | -0.35% | -3.19% | -1.34% |
| SPG | Simon Property Group Inc | 1.53% | $232.94 | -0.28% | +1.98% | +13.39% |
| O | Realty Income Corp | 1.30% | $58.92 | -0.57% | -0.19% | +5.07% |
| VICI | VICI Properties Inc | 1.25% | $24.93 | +0.54% | +0.58% | +5.66% |
| CTRE | CareTrust REIT Inc | 1.19% | $38.09 | -0.14% | -0.30% | +4.23% |
| PINE | Alpine Income Property Trust I | 1.19% | $16.66 | -0.18% | +0.24% | -7.08% |
| BXSL | Blackstone Secured Lending Fun | 0.93% | $23.75 | +0.36% | -1.39% | -0.44% |
| PGHY | Invesco Global Ex US High Yiel | 0.91% | $18.99 | +0.26% | -0.44% | -0.11% |
| OBDC | Blue Owl Capital Corp | 0.86% | $10.94 | +0.32% | -0.05% | +8.16% |
| NNN | NNN REIT Inc | 0.80% | $41.08 | +0.37% | -0.10% | -1.11% |
| OHI | Omega Healthcare Investors Inc | 0.76% | $47.16 | +0.27% | -2.15% | +3.32% |
| CSWC | Capital Southwest Corp | 0.63% | $23.4 | -0.43% | +0.60% | +1.39% |
| NHI | National Health Investors Inc | 0.54% | $63.14 | -2.18% | -11.37% | -4.74% |
| SBRA | Sabra Health Care REIT Inc | 0.42% | $20.36 | -0.95% | -3.12% | +5.30% |
| AMT | American Tower Corp | 0.41% | $191.22 | +0.76% | +1.29% | +3.21% |
| FDUS | Fidus Investment Corp | 0.36% | $19.43 | +0.57% | -1.12% | +2.37% |
| SLRC | SLR Investment Corp | 0.36% | $11.61 | +0.00% | -1.69% | +2.02% |
| GLPI | Gaming and Leisure Properties | 0.31% | $39.38 | +0.72% | +1.26% | +0.25% |