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ETFs

Sound Enhanced Fixed Income ETF

SDEF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 30 2020
Expense Ratio
1.89%
Type
Global Bonds
Fund Owner
Sound ETF
Volume (1m avg. daily)
$142,899
AUM
$25,748,862
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
3.19%
ARCC
Ares Capital Corp
3.05%
PFLT
PennantPark Floating Rate Capital Ltd
2.90%
XAWFX
ALLIANCEBERNSTEIN GL HI INC
2.89%
GBDC
Golub Capital BDC Inc
2.71%
WHF
WhiteHorse Finance Inc
2.71%
EMHY
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM High Yield Bond ETF
2.66%
JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
2.59%
CMSD
CMS Energy Corporation - 5.875% NT REDEEM 01/03/2079 USD 25
2.54%
HTGC
Hercules Capital Inc
2.52%
Invest with SDEF

What is SDEF?

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 Fund s 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 Fund s 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 ).

ETFs related toSDEF

ETFs correlated to SDEF include PFFA, PFXF, PCEF

SDEF
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
PCEF
Invesco Capital Management LLC - Invesco CEF Income Composite ETF
MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
YYY
Amplify ETF Trust - Amplify High Income ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
HYLS
First Trust Exchange-Traded Fund III - First Trust Tactical High Yield ETF
GHYG
BlackRock Institutional Trust Company N.A. - iShares US & Intl High Yield Corp Bond ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial 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.

Automated Strategies
Related toSDEF

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SDEF using Composer

FAQ

SDEF 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 Fund s 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 Fund s 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, SDEF 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, SDEF 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 SDEF is -0.0374%. This is the percent change in the value of SDEF over the most recent 1-month period. The 3-month return on SDEF is 0.0036%. This is the percent change in the value of SDEF over the most recent 3-month period.

The standard deviation of SDEF for the past year is 0.1147%. 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 SDEF include BIV, MINT, and BLV.

ETFs correlated to SDEF include PFFA, PFXF, and PCEF.

ETFs that are inversely correlated to SDEF include SJB, HIBS, and SEF.

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.