Sound Income Strategies, a Fort Lauderdale, Florida-based Registered Investment Advisory (RIA) firm reported its Sound Enhanced Fixed Income ETF (FXED) ranked in Morningstar’s top 1% among 131 similar funds based on total returns as of March 31, 2023.
The FXED ETF had a total return of 4.33% and an annual dividend yield of 5.55% net of fees and fund expenses, according to a Morningstar report.
FXED utilizes a combination of BDCs (Business Develop Companies), Specialty Bond ETFs, REITs and corporate bonds that may be poised to benefit in 2023.
“We are proud to see the FXED ETF ranked in the top 1% among active managers and passive indices in its peer group,” said David J. Scranton, CEO and Founder of Sound Income Strategies said in a press release. “We created FXED in 2020 to help investors generate current income while providing the opportunity for capital appreciation by investing in fixed-income securities.”
Sound Income Strategies also recently reported its Sound Equity Income ETF (DIVY) ranked in Morningstar’s top 4% of the 1,229 U.S. large-value funds based on total returns as of Dec. 31, 2022. The DIVY has consistently outperformed the S&P 500 Index since it launched in December 2020.
Mr. Scranton founded Sound Income Strategies in 2014 as a wealth management business focused on fee-based advisory income solutions. The independent RIA with $2 billion in AUM also offers income advisory solutions as a third-party sub-advisor to wealth management firms.
