Summary
Sound Enhanced Fixed Income ETF is an ETF - a fund traded on an exchange like a stock - run by Sound Income. Positions inside: 56. The ten largest make up 23% of the fund.
- Yearly costs
- 0.49%
- Fund size
- $39.9M
- Positions
- 56
- Dividend yield
- 7.98%
- Running since
- 2020
What speaks for it
Nothing stands out in its favour.
What to watch
- 61% of the fund is in one sector (Financials).
- 100% of the fund is in one country (United States).
- Costs of 0.49% a year are above the middle of comparable funds (0.20%).
- A small fund with $39.9M under management; small funds get closed more often.
- It trades little: only about $79.5K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.1%
- 3 months
- -4.4%
- This year
- -7.3%
- 1 year
- -9.7%
- 3 years
- +0.3%
- 5 years
- -21%
- Avg. market cap
- $11.2B
- P/E
- 15.4x
- Forward P/E
- 11.5x
- P/S
- 5.2x
- P/B
- 1.1x
- P/FCF
- 7.7x
- EV/EBITDA
- -
- Dividend yield
- 10.06%
- ROIC
- -
- ROE
- 10.7%
- Gross margin
- -
- Operating margin
- 55.1%
- Net margin
- 36.1%
- Payout ratio
- 154.7%
- Net debt/EBITDA
- -
- Beta
- 0.65
Weighted average of the 21 largest companies, which make up 25% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 GBGolub Capital BDC, Inc. GBDC 2.6%
- 2 TSSixth Street Specialty Lending, Inc. TSLX 2.4%
- 3 Truist Financial Corp 4.75% 09/01/2175 2.2%
- 4 HTHercules Capital, Inc. HTGC 2.2%
- 5 Prudential Financial Inc 5.95% 09/01/2062 2.2%
- 6 DTE Energy Co 5.25% 12/01/2077 2.2%
- 7 HYVanEck Emerging Markets High Yield Bond ETF HYEM 2.2%
- 8 Equitable Holdings Inc 4.3% 09/15/2175 2.2%
- 9 NextEra Energy Capital Holdings Inc 5.65% 03/01/2079 2.2%
- 10 JPMorgan Chase & Co 5.75% 12/01/2174 2.2%
Positions in the fund: 56. The ten largest make up 23% of it.
Composition as of Oct 19, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 61%
- Real estate 39%
By country
- United States 100%
- Other countries 0.3%
Largest sector: Financials (61%). Largest country: United States (100%).
What does it cost me?
Expensive- A year from $10,000
- $49.00
- Over 20 years
- $2,370
From every $10,000 invested the fund takes $49.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,370.
How has it done?
Losing value- A year on average, 5 years
- -4.6%
- Deepest drop
- -24%
- Yearly volatility
- 8.5%
Average yearly decline over the last five years: 4.6%. Deepest drop in these years: 24% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 7.98%
- Payments a year
- 23
- Last payment
- $0.04
Over the last 12 months it paid $1.33 per share, which is 7.98% of today's price. The last payment was $0.04 on Oct 15, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $79.5K
- Shares a day
- 4.8K
On an average day about $79.5K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.4
- Average Bulios Score
- 73 out of 100
Weight by Bulios Fair Price
- Undervalued 76%
- Fairly valued 8.1%
- Overvalued 16%
On average the companies inside trade for 15.4 times their yearly profit. By Fair Price, 76% of the rated weight comes out as undervalued.
Counted from its largest companies (21), which make up 25% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.