SDEF

Sound Enhanced Fixed Income ETF

Fund Information

Sound Enhanced Fixed Income ETF (SDEF) is an actively managed exchange-traded fund (ETF) that seeks current income while providing the opportunity for capital appreciation by investing in fixed income securities. 

SDEF invests in a combination of investment grade and below investment grade (often referred to as “high yield” debt securities). Typically, the SDEF portfolio will have an approximate equal weighting of investment grade and high yield debt securities. The portfolio weighting will be adjusted from time to time based on the sub-adviser’s assessment.

Fund Documents

Fact Sheet

Prospectus

Summary Prospectus

SAI

Fiscal Q1 Holdings

Annual Report

Semi Annual Report

Fiscal Q3 Holdings

New IRS Form 8937

Fund Information

Fund Name Sound Enhanced Fixed Income ETF
Fund Inception 12/30/20
Ticker SDEF
Primary Exchange NYSE Arca
CUSIP 886364819
NAV Symbol SDEF.NV
Expense Ratio* 0.61%
30 Day SEC Yield** 6.76%

Fund Data and Pricing

Data as of

*The Expense Ratio includes management fees and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Expense Ratio would be 0.49%.
**The 30-Day Yield represents net investment income earned by the Fund over a 30-Day period, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect. As of 01/31/2023

Performance

As of January 31, 2023 (Cumulative) As of December 31, 2022 (Annualized)
MTD QTD YTD QTD YTD 1 Year 3 Year Since Inception
Market Price 7.43% 7.43% 7.43% 5.79% -14.69% -14.69% – -3.03%
Fund NAV 8.65% 8.65% 8.65% 4.38% -15.22% -15.22% – -3.49%
Index 3.10% 3.10% 3.10% 2.24% -12.99% -12.99% – -7.19%
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end-performance, please call (833) 916-9056. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

Performance Returns Calendar Year

YTD 2023
Market Price 7.43%
Fund NAV 8.65%

Distribution Detail

Fund Name EX-Date Record Date Payable Date Amount
SDEF 3/24/2021 3/25/2021 3/29/2021 0.2039
SDEF 6/1/2021 6/2/2021 6/4/2021 0.0403
SDEF 6/15/2021 6/16/2021 6/18/2021 0.0403
SDEF 6/29/2021 6/30/2021 7/2/2021 0.0403
SDEF 7/13/2021 7/14/2021 7/16/2021 0.0406
SDEF 7/27/2021 7/28/2021 7/30/2021 0.0400
SDEF 8/17/2021 8/18/2021 8/20/2021 0.0400
SDEF 8/31/2021 9/1/2021 9/3/2021 0.0400
SDEF 9/14/2021 9/15/2021 9/17/2021 0.0400
SDEF 9/28/2021 9/29/2021 10/1/2021 0.0400
SDEF 10/12/2021 10/13/2021 10/15/2021 0.0400
SDEF 10/26/2021 10/27/2021 10/29/2021 0.0400
SDEF 11/16/2021 11/17/2021 11/19/2021 0.0400
SDEF 11/30/2021 12/1/2021 12/3/2021 0.0400
SDEF 12/14/2021 12/15/2021 12/17/2021 0.0400
SDEF 12/28/2021 12/29/2021 12/31/2021 0.0800
SDEF 2/23/2022 2/24/2022 2/28/2022 0.0400
SDEF 4/12/2022 4/13/2022 4/18/2022 0.0400
SDEF 4/26/2022 4/27/2022 4/29/2022 0.0400
SDEF 5/11/2022 5/12/2022 5/16/2022 0.0400
SDEF 5/25/2022 5/26/2022 5/31/2022 0.0400
SDEF 6/13/2022 6/14/2022 6/16/2022 0.0400
SDEF 6/27/2022 6/28/2022 6/30/2022 0.0400
SDEF 7/12/2022 7/13/2022 7/15/2022 0.0400
SDEF 7/26/2022 7/27/2022 7/29/2022 0.0400
SDEF 8/11/2022 8/12/2022 8/16/2022 0.0400
SDEF 8/25/2022 8/26/2022 8/30/2022 0.0400
SDEF 9/12/2022 9/13/2022 9/16/2022 0.0400
SDEF 9/27/2022 9/28/2022 9/30/2022 0.0400
SDEF 10/25/2022 10/26/2022 10/28/2022 0.0400
SDEF 11/25/2022 11/28/2022 11/30/2022 0.0400
SDEF 12/13/2022 12/14/2022 12/16/2022 0.0400
SDEF 12/23/2022 12/27/2022 12/28/2022 0.0496
SDEF 1/10/2023 1/11/2023 1/13/2023 0.0400
SDEF 1/26/2023 1/27/2023 1/27/2023 0.0400
SDEF 2/14/2023 2/15/2023 2/17/2023 0.0400
SDEF 2/23/2023 2/24/2023 2/28/2023 0.0400
SDEF 3/13/2023 3/14/2023 3/16/2023 0.0400

Top 10 Holdings

Holdings subject to change.
Data as of
ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

How to purchase our ETFs

Sound Income Strategies SDEI ETF is available through various channels including via phone (833) 916-9056, broker-dealers, investment advisers, and other financial services firms, including:
The Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

Sound Income ETFs

Contact Us

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by calling (833) 916-9056 or viewing here. Please read the prospectus carefully before you invest.

Investing involves risk, including the potential loss of principal. There is no guarantee that the Funds investment strategy will be successful. Shares may trade at a premium or discount to their NAV in the secondary market. The Fund is new and has a limited operating history. The Fund has a limited number of financial institutions that are authorized to purchase and redeem shares directly from the Fund; and there may be a limited number of market makers or other liquidity providers in the marketplace. Since the Fund is actively managed it does not seek to replicate the performance of a specified index. The Fund may frequently trade all or a significant portion of its portfolio; and have higher portfolio turnover than funds that do seek to replicate the performance of an index. Securities rated below investment grade are often referred to as high yield securities or “junk bonds.” Investments in lower rated corporate debt securities typically entail greater price volatility and principal and income risk. High yield securities may be more susceptible to real or perceived adverse economic and competitive industry conditions than investment grade securities.

The Fund may, at times, hold illiquid securities. The Fund could lose money if it is unable to dispose of an illiquid investment at a time or price that is most beneficial to the Fund. The Fund’s investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally declines. Securities with greater interest rate sensitivity and longer maturities generally are subject to greater fluctuations in value. The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.

The Fund is distributed by Foreside Fund Services, LLC.

All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Retirement Income Source and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Fee-based financial planning and Investment Advisory Services are offered by Sound Income Strategies, LLC, an SEC Registered Investment Advisory firm. Retirement Income Source and Sound Income Strategies LLC are associated entities.