Soundwatch Hedged Equity ETF
Data updated: 2023-09-29
C000238102 — Soundwatch Hedged Equity ETF. United States Blend / Core Equity · $112.60M AUM. Holdings, fees, performance and SEC filings.
C000238102 Fund Overview
Soundwatch Hedged Equity ETF is a US ETF 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 ETF
- Manager: Trust for Advised Portfolios
- Category: United States Blend / Core Equity
- Assets under management: $112.60M
- 1-year return: 12.2%
- SEC CIK: 0001261788
- SEC series ID: S000077614
- Share class ID: C000238102
C000238102 Investment Objective and Strategy
Soundwatch Hedged Equity ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust for Advised Portfolios.
Investment objective
The Soundwatch Hedged Equity ETF (the Fund or the Hedged Equity ETF) 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 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 U.S. large-capitalization (large-cap) indices, such as 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. The Funds investments in derivatives that have economic characteristics similar to equity securities will be valued at mark-to-market for purposes of the 80% policy. On the 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 Funds strategy is an 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. The strategy systematically selects option strike prices, maturities, and trade dates based upon several measurable 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 the purchasing of protective put options or put spreads may also limit the upside returns of the Fund. The Adviser may perform 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, with the goal of forecasting the direction of prices; and Cyclical analysis performed on historical relationships between price and market trends, with the goal of forecasting the direction of prices.
C000238102 Performance
Total returns for C000238102 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.2% |
C000238102 Risk Information
Risk metrics for C000238102, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
C000238102 Costs and Fees
C000238102 costs about $53 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.53%
- Gross expense ratio: 0.63%
- Portfolio turnover: 25%
- Brokerage commissions: 0.69 bps of average net assets (SEC N-CEN)
C000238102 Cashflows
Over the 12 months to 2023-07, Soundwatch Hedged Equity ETF had net inflows of $11.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | $1.22M |
| 2023-06 | $0 |
| 2023-05 | $572.07K |
| 2023-04 | $564.33K |
| 2023-03 | $1.10M |
| 2023-02 | $547.72K |
C000238102 Debt Constituents
No individual debt constituents are reported in Soundwatch Hedged Equity ETF's latest SEC N-PORT filing.
C000238102 Prospectus and SEC Filings
Official Soundwatch Hedged Equity ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-10-20
- Prospectus supplement (497) — filed 2022-12-09
- Portfolio holdings (N-PORT) — filed 2023-09-29
- Portfolio holdings (N-PORT) — filed 2023-06-29
- Portfolio holdings (N-PORT) — filed 2023-03-23
- Annual census (N-CEN) — filed 2023-01-17
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.