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ETFs

Sound Enhanced Fixed Income ETF

FXED
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 30, 2020
Expense Ratio
2.12%
Type
Global Bonds
Fund Owner
Sound ETF
Volume (1m avg. daily)
$59,811
AUM
$28,545,825
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Golub Capital BDC Inc
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PennantPark Floating Rate Capital Ltd
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XAWFX
ALLIANCEBERNSTEIN GLOBAL HIGH COM
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TSLX
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WHF
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EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
2.53%
JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
2.5%
Invest with FXED
Trade FXED Options

What is FXED?

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) 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. The Fund 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 Funds investments in fixed income securities will also include shares of business development companies ( BDCs ) and real estate investment trusts ( REITs ). Investments in BDCs and REITs are intended to provide the enhanced component of the Funds strategy because these securities typically pay a higher yield than traditional investment-grade bonds and preferred stocks. The Fund may also invest in fixed income securities that are illiquid, thinly traded or subject to special resale restrictions, such as those imposed by Rule 144A promulgated under the Securities Act of 1933, as amended (the Securities Act ).

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YTD
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FXED
Performance Measures**

for the time period Dec 31, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -0.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -19.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 8.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.41

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.16

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFXED

ETFs correlated to FXED include PFFA, PFXF, PFF

FXED
Tidal ETF Trust - Sound Enhanced Fixed Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FXED is a Global Bonds ETF. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) 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. The Fund 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 Funds investments in fixed income securities will also include shares of business development companies ( BDCs ) and real estate investment trusts ( REITs ). Investments in BDCs and REITs are intended to provide the enhanced component of the Funds strategy because these securities typically pay a higher yield than traditional investment-grade bonds and preferred stocks. The Fund may also invest in fixed income securities that are illiquid, thinly traded or subject to special resale restrictions, such as those imposed by Rule 144A promulgated under the Securities Act of 1933, as amended (the Securities Act ).

Yes, FXED is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FXED is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FXED is -0.0061%. This is the percent change in the value of FXED over the most recent 1-month period. The 3-month return on FXED is 0.013%. This is the percent change in the value of FXED over the most recent 3-month period.

The standard deviation of FXED for the past year is 0.0973%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FXED include GVI, BLV, and BSV.

ETFs correlated to FXED include PFFA, PFXF, and PFF.

ETFs that are inversely correlated to FXED include SJB, HIBS, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.