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Sound Enhanced Fixed Income ETF FXED

Morningstar Medalist Rating
Medalist Rating as of | See Sound Income Strategies Investment Hub

Morningstar’s Analysis FXED

Will FXED outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FXED’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FXED management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FXED’s parent organization’s priorities and whether they’re in line with investors’ interests.

Sound Enhanced Fixed Income ETF's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FXED

More FXED Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Hercules Capital Inc

3.74 1.4 Mil
Financial Services

Ares Capital Corp

3.29 1.2 Mil
Financial Services

Golub Capital BDC Inc

3.00 1.1 Mil
Financial Services

iShares 0-5 Year High Yield Corp Bd ETF

2.94 1.1 Mil
—

PennantPark Floating Rate Capital Ltd

2.88 1.1 Mil
Financial Services

AllianceBernstein Glb High Inc

2.83 1.1 Mil
—

Sixth Street Specialty Lending Inc

2.71 1.0 Mil
Financial Services

iShares J.P. Morgan EM High Yld Bd ETF

2.54 946,866
—

First American Government Obligs X

2.45 914,142
Cash and Equivalents

JPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE

2.33 868,260
Financial Services