Sound ETFMultisector BondFXED · NYSE

Sound Enhanced Fixed Income ETF (FXED)

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Price: $16.56; —12 Nov 2026
Assets: $36.9M; Total net assets
Expense ratio: 1.89%; Category 1.20%
Yield: 7.51%; Trailing distributions

1Y return: -2.8%-3.5%; Category 0.7%
3Y CAGR: 4.9%-0.9%; Category 5.8%
5Y CAGR: 1.0%-0.5%; Category 1.5%

$16.56—12 Nov 2026

Fund

Assets: $36.9M
Expense: 1.89%
Categ. exp: 1.20%
Yield: 7.51%

ReturnFundCateg.

1Y-2.8%0.7%

3Y4.9%5.8%

5Y1.0%1.5%

Launch2.5%—

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Sound Enhanced Fixed Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+1.5%	-4.3%	-3.6%	-3.2%	-2.8%	+4.9%	+1.0%	—	+2.5%
Multisector Bond average	0.4%	-1.7%	-0.8%	-0.0%	0.7%	5.8%	1.5%	3.0%	2.6%
Difference	+1.1%	-2.6%	-2.8%	-3.2%	-3.5%	-0.9%	-0.5%	—	0.0%

Holdings

The 8 largest positions make up 18.5% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
GBDC	Golub Capital BDC Inc	2.68%
TSLX	Sixth Street Specialty Lending Inc	2.56%
HTGC	Hercules Capital Inc	2.28%
BACPP	Bank of America Corp 4.125% PRF PERPETUAL USD 25 - 1/1,000th Int Ser PP	2.22%
HYEM	VanEck EM High Yield Bond ETF	2.21%
EQHPC	Equitable Holdings Inc 4.30% PRF PERPETUAL USD 25 - 1/1000th Int Ser C	2.21%
ARCC	Ares Capital Corp	2.19%
TFCPR	Truist Financial Corp PRF PERPETUAL USD - Ser R	2.18%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 15.4
P/B: 1.1
P/S: 9.4
P/CF: —

Sector allocation

Share of the equity the fund holds.

Financial services61.1%
Real estate38.9%

Asset mix

Bonds44.5%
Preferred shares29.7%
Stocks24.1%
Cash1.0%
Other0.7%

Credit quality

Share of the bonds by rating.

US government3.1%

ETF details

Issuer: Sound ETF
Category: Fixed Income · Multisector Bond
Ticker: FXED
Exchange: NYSE
Inception: 30 Dec 2020 (5.9 years)
Structure: Exchange Traded Fund
Expense ratio: 1.89% (category 1.20%)
Holdings turnover: 8% (category 125%)
Distribution yield: 7.51%
Beta, 3 years: 0.69
Total net assets: $36.9M
Average duration: 5.64 years
Average maturity: 8.98 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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