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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Soundwatch Hedged Equity ETF

SHDG | Active ETF

$28.06

$125 M

1.08%

$0.30

0.63%

Vitals

YTD Return

14.6%

1 yr return

17.1%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$125 M

Holdings in Top 10

99.7%

52 WEEK LOW AND HIGH

$27.9
$22.46
$28.08

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Soundwatch Hedged Equity ETF

SHDG | Active ETF

$28.06

$125 M

1.08%

$0.30

0.63%

SHDG - Profile

Distributions

  • YTD Total Return 14.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Soundwatch Hedged Equity ETF
  • Fund Family Name
    N/A
  • Inception Date
    Nov 30, 2016
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds (“ETFs”) that track U.S. large-capitalization (“large-cap”) indices, such as the S&P 500® Index. For purposes of this 80% investment policy, the Adviser will consider the underlying holdings of any ETFs in which the Fund invests. The Fund’s investments in derivatives that have economic characteristics similar to equity securities will be valued at mark-to-market for purposes of the 80% policy. On the portfolio, the Fund
systematically writes (sells) equity index and/or ETF call options, covered calls, and option spreads to generate additional income. A portion of this income is used to systematically purchase a series of protective equity index and/or ETF put options or put spreads to reduce the negative impact of stock market declines on long-term performance. The Fund’s strategy is an equity strategy that aims to provide better risk-adjusted returns across market cycles compared to investing solely in the securities of companies that comprise U.S. large-capitalization indices such as the S&P 500® Index.
The Fund follows a proprietary rules-based BUY, HOLD & HEDGE™ strategy. The strategy systematically selects option strike prices, maturities, and trade dates based upon several measurable market factors. Through the use of options, the Fund intends to reduce the downside risk inherent in equity investments while generating long‑term equity returns in line with the benchmark index. Thus, the Fund seeks to provide an efficient trade-off between risk and reward, where risk is characterized by volatility or fluctuations in value over time, as well as drawdown risk or tail risk. Drawdown risk refers to the length of time it will take for an investment to recoup its losses after it declines from a previous high. Tail risk refers to the risk of significant losses from an unforeseen or rare event. Under certain market conditions, the selling of call options, including covered call options, or option spreads and the purchasing of protective put options or put spreads may also limit the upside returns of the Fund.
The Adviser will perform one or more of the following methods of security analysis when making purchase and sales decisions:
Fundamental analysis – performed on historical and present data, with the goal of making financial forecasts;
Technical analysis – performed on historical and present data, focusing on price and trade volume, with the goal of forecasting the direction of prices; and
Cyclical analysis – performed on historical relationships between price and market trends, with the goal of forecasting the direction of prices.
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SHDG - Performance

Return Ranking - Trailing

Period SHDG Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% N/A N/A N/A
1 Yr 17.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period SHDG Return Category Return Low Category Return High Rank in Category (%)
2023 16.4% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period SHDG Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% N/A N/A N/A
1 Yr 17.1% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period SHDG Return Category Return Low Category Return High Rank in Category (%)
2023 17.8% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

SHDG - Holdings

Concentration Analysis

SHDG Category Low Category High SHDG % Rank
Net Assets 125 M N/A N/A N/A
Number of Holdings 6 N/A N/A N/A
Net Assets in Top 10 124 M N/A N/A N/A
Weighting of Top 10 99.74% N/A N/A N/A

Top 10 Holdings

  1. iShares Core SP 500 ETF 97.31%
  2. SPXW US 06/28/24 P4990 1.58%
  3. First American Government Obligations Fund 1.23%
  4. SPXW US 06/28/24 C5240 0.02%
  5. SPXW US 06/28/24 P5240 -0.08%
  6. SPXW US 06/28/24 P4570 -0.32%

Asset Allocation

Weighting Return Low Return High SHDG % Rank
Stocks
97.31% N/A N/A N/A
Cash
1.49% N/A N/A N/A
Other
1.19% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A
Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High SHDG % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High SHDG % Rank
US
97.31% N/A N/A N/A
Non US
0.00% N/A N/A N/A

SHDG - Expenses

Operational Fees

SHDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% N/A N/A N/A
Management Fee 0.60% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

SHDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

SHDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHDG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

SHDG - Distributions

Dividend Yield Analysis

SHDG Category Low Category High SHDG % Rank
Dividend Yield 1.08% N/A N/A N/A

Dividend Distribution Analysis

SHDG Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

SHDG Category Low Category High SHDG % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

SHDG Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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SHDG - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A