BHHEX — Soundwatch Core Hedged Equity Fund
Data updated: 2022-09-29
BHHEX — Soundwatch Core Hedged Equity Fund. United States Blend / Core Equity · $102.77M AUM. Holdings, fees, performance and SEC filings.
BHHEX Fund Overview
BHHEX — Soundwatch Core Hedged Equity Fund is a US mutual fund managed by Trust for Advised Portfolios, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Trust for Advised Portfolios
- Category: United States Blend / Core Equity
- Assets under management: $102.77M
- 1-year return: -4.1%
- Ticker: BHHEX
- SEC CIK: 0001261788
- SEC series ID: S000054437
- Share class ID: C000170961
BHHEX Investment Objective and Strategy
Soundwatch Core Hedged Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust for Advised Portfolios.
Investment objective
The Soundwatch Core Hedged Equity Fund (the Fund) seeks to provide long-term capital appreciation.
Principal investment strategy
The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in a core portfolio of equity securities and investments that have economic characteristics similar to equity securities. These equity securities and investments may include U.S. exchange-listed common stocks, equity index futures, and/or exchange-traded funds (ETFs) that track the S&P 500 Index. For purposes of this 80% investment policy, the Adviser will consider the underlying holdings of any ETFs in which the Fund invests. On the core portfolio, the Fund systematically writes (sells) equity index and/or ETF call options, covered calls and option spreads to generate additional income. A portion of this income is used to systematically purchase a series of protective equity index and/or ETF put options or put spreads to reduce the negative impact of stock market declines on long-term performance.
The Fund is a core equity strategy, which aims to provide better risk-adjusted returns across market cycles compared to an investment in the benchmark index. The Fund follows a proprietary rules-based BUY, HOLD & HEDGE strategy. It systematically selects option strikes, maturities, and trade dates based upon several measureable market factors. Through the use of options, the Fund intends to reduce the downside risk inherent in equity investments while generating long-term equity returns in line with the benchmark index. Thus, the Fund seeks to provide an efficient trade-off between risk and reward, where risk is characterized by volatility or fluctuations in value over time, as well as drawdown risk (tail risk). Under certain market conditions, the selling of call options, including covered call options, or option spreads and purchasing of protective put options or put spreads may also limit the upside returns of the Fund.
The Adviser may utilize the following methods of security analysis when making purchase and sales decisions: ? Fundamental analysis performed on historical and present data, with the goal of making financial forecasts; ? Technical analysis performed on historical and present data, focusing on price and trade volume, to forecast the direction of prices; and ? Cyclical analysis performed on historical relationships between price and market trends, to forecast the direction of prices.
BHHEX Performance
Total returns for BHHEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.1% |
| 3 years (annualised) | 8.0% |
BHHEX Risk Information
Risk metrics for BHHEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.4%
BHHEX Costs and Fees
BHHEX costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 1.10%
- Portfolio turnover: 2%
- Brokerage commissions: 0.70 bps of average net assets (SEC N-CEN)
BHHEX Cashflows
Over the 12 months to 2022-07, Soundwatch Core Hedged Equity Fund had net inflows of $17.72M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-07 | $571.76K |
| 2022-06 | $1.25M |
| 2022-05 | $1.17M |
| 2022-04 | $1.21M |
| 2022-03 | $1.93M |
| 2022-02 | $1.29M |
BHHEX Debt Constituents
No individual debt constituents are reported in Soundwatch Core Hedged Equity Fund's latest SEC N-PORT filing.
BHHEX Prospectus and SEC Filings
Official Soundwatch Core Hedged Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-18
- Portfolio holdings (N-PORT) — filed 2022-09-29
- Portfolio holdings (N-PORT) — filed 2022-06-28
- Portfolio holdings (N-PORT) — filed 2022-03-29
- Annual census (N-CEN) — filed 2022-01-14
- Annual census (N-CEN) — filed 2021-01-14
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.