Soundwatch Hedged Equity ETF
SHDG
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 485 Madison Avenue, 7th Floor New York NY United States of America 10022
- IPO Date
- Oct 25, 2022
- Website
- soundwatchfunds.com
- Similar Companies
- Business
- Soundwatch Hedged Equity ETF (SHDG) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S. large-cap equities while employing options strategies to hedge downside market risk and generate income; its portfolio consists principally of the iShares Core S&P 500 ETF, supplemented by purchased protective put options on the S&P 500 Index, written call options, covered calls, option spreads, and short-term investments such as government obligations funds. The fund benchmarks its performance against the S&P 500 Total Return Index and the CBOE S&P 500 BuyWrite Index, targeting growth and value stocks across diversified market capitalizations through fundamental analysis and proprietary research. Launched as a mutual fund in 2016, it converted to an ETF on October 24, 2022 via reorganization from the Soundwatch Hedged Equity Fund (a series of Trust for Advised Portfolios), followed by a further reorganization into its current series under Advisor Managed Portfolios on September 29, 2023; these tax-free exchanges preserved its performance history, investment portfolio, and accounting policies without material changes. Soundwatch Capital, LLC, the investment adviser based in Rowayton, Connecticut, manages the fund under a unitary fee structure (net expense ratio of 0.78% after waivers, with a contractual waiver to 0.50% through at least February 28, 2026), overseeing approximately $144.6 million in net assets as of April 30, 2025 across 7 holdings traded on the Cboe BZX Exchange. The strategy operates domestically in the U.S. equity market, serving institutional and retail investors seeking risk-adjusted returns superior to broad large-cap indices over market cycles.