Key stats
About Soundwatch Hedged Equity ETF
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Inception date
Oct 24, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Soundwatch Capital LLC
Distributor
Quasar Distributors LLC
ISIN
US00777X6031
SHDG leverages the advisers options expertise to invest in US large-cap stocks, ETFs that track US large-cap indices, equity index futures, and other derivatives that provide similar investment characteristics as equity securities. Against the equity portfolio, the fund manager writes (sells) calls or enters option spreads to potentially generate income. A portion of the income is used to buy put options or spreads to hedge the portfolio when deemed necessary. A combination of fundamental, technical, and cyclical analysis is used in order to position the underlying portfolio. The fund uses a proprietary rules-based strategy to select option contracts, prices, and maturities. Through the use of options, the fund aims to reduce downside risk and generate long-term equity returns in line with the S&P 500. Prior to launch, the strategy was offered as a mutual fund, using the same name. The fund converted with roughly $91.4 million in assets.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SHDG assets under management is 164.52 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SHDG invests in funds. See more details in our Analysis section.
SHDG expense ratio is 0.53%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SHDG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SHDG pays dividends to its holders with the dividend yield of 0.57%.
SHDG shares are issued by Soundwatch Capital LLC
SHDG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 24, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.