---
ticker: "FXED"
name: "Sound Enhanced Fixed Income ETF"
url: "https://etf.net/etf/FXED"
grade: "D"
score: 30
graded_at: "2026-10-12"
category: "Preferred Securities"
category_rank: "29 of 31"
methodology: "https://etf.net/methodology"
---

# FXED: Sound Enhanced Fixed Income ETF

Grade **D**, Score 30 of 100. Rank 29 of 31 in Preferred Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 55 | 13 of 31 |
| Mission | 11 | 26 of 26 |
| Risk | 29 | 26 of 31 |
| Tradability | 7 | 29 of 31 |
| Holdings | 52 | 17 of 29 |
| Durability | 20 | 30 of 31 |

## Top holdings

The fund holds 56 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | GBDC | Golub Capital BDC Inc | 3.02% |
| 2 | TSLX | Sixth Street Specialty Lending Inc | 2.89% |
| 3 | HTGC | Hercules Capital Inc | 2.64% |
| 4 | 89832Q695 | Truist Financial Corp 4.75% 09/01/2175 | 2.62% |
| 5 | 233331859 | DTE Energy Co 5.25% 12/01/2077 | 2.60% |
| 6 | HYEM | VanEck Emerging Markets High Yield Bond ETF | 2.60% |
| 7 | 29452E408 | Equitable Holdings Inc 4.3% 09/15/2175 | 2.59% |
| 8 | 744320870 | Prudential Financial Inc 5.95% 09/01/2062 | 2.59% |
| 9 | 65339K860 | NextEra Energy Capital Holdings Inc 5.65% 03/01/2079 | 2.51% |
| 10 | 95002Y400 | Wells Fargo & Co 4.25% 09/15/2175 | 2.51% |
| 11 | ARCC | Ares Capital Corp | 2.51% |
| 12 | 48128B655 | JPMorgan Chase & Co 5.75% 09/01/2175 | 2.50% |
| 13 | EMHY | iShares J.P. Morgan EM High Yield Bond ETF | 2.48% |
| 14 | JPMB | JPMorgan USD Emerging Markets Sovereign Bond ETF | 2.47% |
| 15 | 29273RAR0 | Energy Transfer LP 6.5% 02/01/2042 | 2.39% |
| 16 | 29364GAS2 | Entergy Corp 6.1% 06/15/2056 | 2.38% |
| 17 | 636180BX8 | National Fuel Gas Co 5.5% 05/15/2036 | 2.38% |
| 18 | 494550BN5 | Kinder Morgan Energy Partners LP 5% 08/15/2042 | 2.38% |
| 19 | 25746UEA3 | Dominion Energy Inc 6.2% 02/15/2056 | 2.38% |
| 20 | 92556VAE6 | Viatris Inc 3.85% 06/22/2040 | 2.37% |
| 21 | 681919BX3 | Omnicom Group Inc 5.3% 06/02/2036 | 2.35% |
| 22 | 42824CAY5 | Hewlett Packard Enterprise Co 6.35% 10/15/2045 | 2.33% |
| 23 | 50076QAE6 | Kraft Heinz Foods Co 5% 06/04/2042 | 2.33% |
| 24 | 46982LAB4 | Jacobs Solutions Inc 5.375% 03/03/2036 | 2.33% |
| 25 | 404119CS6 | HCA Inc 4.375% 03/15/2042 | 2.32% |
| 26 | 41068XAK6 | HA Sustainable Infrastructure Capital Inc 6% 03/15/2036 | 2.31% |
| 27 | 20030NCL3 | Comcast Corp 4.6% 10/15/2038 | 2.30% |
| 28 | 61762V804 | Morgan Stanley 4.875% 10/15/2174 | 2.26% |
| 29 | PFLT | PennantPark Floating Rate Capital Ltd | 2.21% |
| 30 | 842587800 | Southern Co/The 4.95% 01/30/2080 | 2.20% |

Source: etf.net, https://etf.net/etf/FXED. Please cite the page URL.