Key stats
About Tidal ETF Trust FolioBeyond Enhanced Fixed Income Premium ETF
Home page
Inception date
Jan 22, 2025
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
FIXP employs a proprietary model to curate a diversified portfolio of 5-8 sector-specific fixed-income ETFs with an options overlay to enhance income and potentially increase long-term capital appreciation. Investment exposure spans US Treasuries, investment-grade and high-yield corporate bonds, mortgage-backed securities (MBS), municipal bonds, and sovereign bonds. The fund uses the FolioBeyond Fixed Income Model (FB Model), a factor-based strategy that analyzes various metrics such as price volatility, default risk, interest rate sensitivity, and yield to maturity to determine optimal ETF allocations. The objective is to allocate across these sectors to capture optimal risk-return opportunities dynamically. To enhance income, FIXP writes covered and naked call and put options, as well as option spreads, particularly in low-volatility markets. The fund uses stop-loss limits and collateral for uncovered options.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF98.00%
Cash2.07%
Rights & Warrants−0.06%
Displays a symbol's price movements over previous years to identify recurring trends.