Sound Enhanced Fixed Income ETF (FXED)
Sound Enhanced Fixed Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Fort Lauderdale, FL, US. The stock last traded at $17.32, down 0.35% on the session, giving a market capitalisation of $39.8M. Its beta of 0.65 implies it has historically moved less than the broad market.
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.
Sound Enhanced Fixed Income ETF is most often compared with the following Financial Services names: