Tidal ETF Trust - Sound Equity Income ETF
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.9%
1 yr return
-0.2%
3 Yr Avg Return
0.0%
5 Yr Avg Return
0.0%
Net Assets
$24.8 M
Holdings in Top 10
44.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SDEI - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Other
Fund Details
-
Legal NameTidal ETF Trust - Sound Equity Income ETF
-
Fund Family NameN/A
-
Inception DateDec 30, 2020
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Venuto
Fund Description
The Fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objectives by investing primarily in common stock issued by dividend paying, mid- and large-capitalization companies whose market capitalization at the time of purchase is typically in excess of $2 billion. Investment decisions for the Fund are made by Sound Income Strategies, LLC (“SIS” or the “Sub-Adviser”), the Fund’s investment sub-adviser. The Fund will invest in companies whose securities trade on U.S. stock exchanges, which may include indirect investments in foreign securities via American Depositary Receipts (“ADRs”). In making investment decisions for the Fund, the Sub-Adviser conducts a fundamental, “bottom-up” analysis on individual securities, focusing on companies that the Sub-Adviser believes are undervalued and have sound economic foundations, as demonstrated by indicators such as: generally positive cash flows, favorable profitability ratios and manageable leverage ratios. In creating the universe of securities eligible for selection in the Fund’s portfolio, the Sub-Adviser seeks to identify companies with low price to earnings ratios and high dividend yields to create a total portfolio with an aggregate dividend yield that is twice the dividend yield of the S&P 500® Index. The Fund will also select securities that have a catalyst that the Sub-Adviser believes will increase the price of the stock. Catalysts for equity appreciation might include such factors as: new management, new products, corporate restructuring, a recapitalization, or market dynamics, such as a turn in the business cycle, change in factor costs, or competitive dynamics. The Sub-Adviser may sell a security due to achievement of price objective, significant change in the initial investment premise or fundamental deterioration.
Under normal circumstances the Fund will invest at least 80% its net assets (plus any borrowing made for investment purposes) in equity securities. The Fund may invest in ETFs that principally invest in equity securities. The Fund will typically hold securities of approximately 30 companies in its portfolio.
The Fund is considered to be non-diversified, which means that it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. However, the Fund has a policy that it will reduce its holding in a security if the position makes up more than 6% of the Fund’s portfolio.
SDEI - Performance
Return Ranking - Trailing
Period | SDEI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.9% | -21.2% | 27.4% | 74.48% |
1 Yr | -0.2% | -61.1% | 51.5% | 1.21% |
3 Yr | 0.0%* | -22.7% | 64.3% | N/A |
5 Yr | 0.0%* | -17.2% | 29.8% | N/A |
10 Yr | 0.0%* | -16.4% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | SDEI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -65.1% | 38.0% | 0.49% |
2022 | 15.6% | -25.3% | 29.0% | N/A |
2021 | N/A | -8.4% | 56.7% | N/A |
2020 | N/A | -24.3% | 10.4% | N/A |
2019 | N/A | -9.4% | 21.9% | N/A |
Total Return Ranking - Trailing
Period | SDEI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -21.2% | 27.4% | 93.74% |
1 Yr | N/A | -61.1% | 61.5% | 3.31% |
3 Yr | N/A* | -22.7% | 64.3% | N/A |
5 Yr | N/A* | -16.2% | 32.9% | N/A |
10 Yr | N/A* | -3.7% | 21.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SDEI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.5% | -65.1% | 38.0% | 0.49% |
2022 | 15.6% | -25.3% | 29.0% | N/A |
2021 | N/A | -8.4% | 56.7% | N/A |
2020 | N/A | -24.3% | 10.4% | N/A |
2019 | N/A | -8.9% | 21.9% | N/A |
SDEI - Holdings
Concentration Analysis
SDEI | Category Low | Category High | SDEI % Rank | |
---|---|---|---|---|
Net Assets | 24.8 M | 390 K | 151 B | 95.94% |
Number of Holdings | 33 | 2 | 1727 | 91.65% |
Net Assets in Top 10 | 10.2 M | 2.1 K | 32.3 B | 90.95% |
Weighting of Top 10 | 44.64% | 5.0% | 99.2% | 6.72% |
Top 10 Holdings
- Omnicom Group Inc 5.38%
- Greif Inc 5.31%
- AbbVie Inc 5.17%
- Valero Energy Corp 5.14%
- LyondellBasell Industries NV 4.55%
- Enbridge Inc 3.91%
- Patterson Cos Inc 3.78%
- Walgreens Boots Alliance Inc 3.61%
- Principal Financial Group Inc 3.54%
- TotalEnergies SE 3.54%
Asset Allocation
Weighting | Return Low | Return High | SDEI % Rank | |
---|---|---|---|---|
Stocks | 98.66% | 28.02% | 125.26% | 26.37% |
Cash | 1.34% | -88.20% | 71.98% | 71.46% |
Preferred Stocks | 0.00% | 0.00% | 19.30% | 12.84% |
Other | 0.00% | -2.02% | 26.80% | 5.18% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 6.88% |
Bonds | 0.00% | 0.00% | 80.18% | 8.51% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SDEI % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 27.04% | 68.48% |
Technology | 0.00% | 0.00% | 54.02% | 32.76% |
Real Estate | 0.00% | 0.00% | 90.54% | 83.00% |
Industrials | 0.00% | 0.00% | 42.76% | 99.15% |
Healthcare | 0.00% | 0.00% | 30.77% | 46.43% |
Financial Services | 0.00% | 0.00% | 58.05% | 63.28% |
Energy | 0.00% | 0.00% | 54.00% | 4.19% |
Communication Services | 0.00% | 0.00% | 26.58% | 31.91% |
Consumer Defense | 0.00% | 0.00% | 34.10% | 89.13% |
Consumer Cyclical | 0.00% | 0.00% | 22.74% | 4.97% |
Basic Materials | 0.00% | 0.00% | 21.69% | 7.07% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SDEI % Rank | |
---|---|---|---|---|
US | 98.66% | 24.51% | 121.23% | 81.98% |
Non US | 0.00% | 0.00% | 45.02% | 11.45% |
SDEI - Expenses
Operational Fees
SDEI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 4.02% | 84.34% |
Management Fee | 0.00% | 0.00% | 1.50% | 26.06% |
12b-1 Fee | N/A | 0.00% | 1.00% | 1.23% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
SDEI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
SDEI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SDEI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 488.00% | N/A |
SDEI - Distributions
Dividend Yield Analysis
SDEI | Category Low | Category High | SDEI % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 42.27% | 2.84% |
Dividend Distribution Analysis
SDEI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Other | Annually | Quarterly | Annually |
Net Income Ratio Analysis
SDEI | Category Low | Category High | SDEI % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.51% | 4.28% | 0.66% |
Capital Gain Distribution Analysis
SDEI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 31, 2023 | $0.034 | OrdinaryDividend |
Mar 16, 2023 | $0.034 | OrdinaryDividend |
Feb 28, 2023 | $0.034 | OrdinaryDividend |
Feb 17, 2023 | $0.034 | OrdinaryDividend |
Jan 27, 2023 | $0.034 | OrdinaryDividend |
Jan 13, 2023 | $0.034 | OrdinaryDividend |
Dec 16, 2022 | $0.034 | OrdinaryDividend |
Dec 09, 2022 | $0.034 | OrdinaryDividend |
Nov 30, 2022 | $0.034 | OrdinaryDividend |
Nov 16, 2022 | $0.034 | OrdinaryDividend |
Oct 28, 2022 | $0.034 | OrdinaryDividend |
Oct 14, 2022 | $0.034 | OrdinaryDividend |
Sep 30, 2022 | $0.034 | OrdinaryDividend |
Sep 16, 2022 | $0.034 | OrdinaryDividend |
Aug 30, 2022 | $0.034 | OrdinaryDividend |
Aug 16, 2022 | $0.034 | OrdinaryDividend |
Jul 29, 2022 | $0.034 | OrdinaryDividend |
Jul 15, 2022 | $0.034 | OrdinaryDividend |
Jun 30, 2022 | $0.034 | OrdinaryDividend |
Jun 16, 2022 | $0.034 | OrdinaryDividend |
May 31, 2022 | $0.034 | OrdinaryDividend |
May 16, 2022 | $0.034 | OrdinaryDividend |
Apr 29, 2022 | $0.034 | OrdinaryDividend |
Apr 18, 2022 | $0.034 | OrdinaryDividend |
Mar 30, 2022 | $0.034 | OrdinaryDividend |
Mar 16, 2022 | $0.034 | OrdinaryDividend |
Feb 28, 2022 | $0.034 | OrdinaryDividend |
Feb 16, 2022 | $0.034 | OrdinaryDividend |
Jan 28, 2022 | $0.034 | OrdinaryDividend |
Jan 14, 2022 | $0.034 | OrdinaryDividend |
Dec 31, 2021 | $0.110 | OrdinaryDividend |
Dec 17, 2021 | $0.034 | OrdinaryDividend |
Dec 03, 2021 | $0.034 | OrdinaryDividend |
Nov 19, 2021 | $0.034 | OrdinaryDividend |
Oct 29, 2021 | $0.034 | OrdinaryDividend |
Oct 15, 2021 | $0.034 | OrdinaryDividend |
Oct 01, 2021 | $0.034 | OrdinaryDividend |
Sep 17, 2021 | $0.034 | OrdinaryDividend |
Sep 03, 2021 | $0.034 | OrdinaryDividend |
Aug 20, 2021 | $0.034 | OrdinaryDividend |
Jul 30, 2021 | $0.032 | OrdinaryDividend |
Jul 16, 2021 | $0.032 | OrdinaryDividend |
Jul 02, 2021 | $0.033 | OrdinaryDividend |
Jun 18, 2021 | $0.033 | OrdinaryDividend |
Jun 04, 2021 | $0.128 | OrdinaryDividend |
Mar 29, 2021 | $0.181 | OrdinaryDividend |
SDEI - Fund Manager Analysis
Managers
Michael Venuto
Start Date
Tenure
Tenure Rank
Dec 30, 2020
1.42
1.4%
Mr. Venuto is a co-founder and has been the Chief Investment Officer of the Toroso Investments, LLC since 2012. Mr. Venuto is an ETF industry veteran with over a decade of experience in the design and implementation of ETF-based investment strategies. Previously, he was Head of Investments at Global X Funds where he provided portfolio optimization services to institutional clients. Before that, he was Senior Vice President at Horizon Kinetics where his responsibilities included new business development, investment strategy and client and strategic initiatives.
Charles Ragauss
Start Date
Tenure
Tenure Rank
Dec 30, 2020
1.42
1.4%
Mr. Ragauss currently serves as Director of Product Management at CSat Investment Advisory, having joined the it in April 2016. Prior to joiningCSat Investment Advisory, Mr. Ragauss was Assistant Vice President at Huntington National Bank (“Huntington”), where he was Product Manager for the Huntington Funds and Huntington Strategy Shares ETFs, a combined fund complex of almost $4 billion in assets under management. At Huntington, he led ETF development bringing to market some of the first actively managed ETFs. Mr. Ragauss joined Huntington in 2010. Mr. Ragauss attended Grand Valley State University where he received his Bachelor of Business Administration in Finance and International Business, as well as a minor in French. He is a member of both the National and West Michigan CFA societies and holds the CFA designation.
Eric Beyrich
Start Date
Tenure
Tenure Rank
Dec 30, 2020
1.42
1.4%
Mr. Beyrich joined Sound Income Strategies, LLC as an Equity Portfolio Manager in 2020. Prior to that appointment, Mr. Beyrich had over 30 years’ experience as a fundamental value investor, during which time he served in the roles of Analyst, Portfolio Manager, and Corporate Strategist. Before joining Sound Income Strategies, LLC in 2020, Mr. Beyrich was a Senior Research Analyst at Arbiter Partners from 2013 to 2019. Prior to Arbiter Partners, he was the Head of Equities and Senior Portfolio Manager at Loews Corporation from 2004 to 2013. Prior to joining Loews, he was a Partner, Senior Analyst and Head of Marketing at KR Capital Advisors. Mr. Beyrich holds a BA in Economics from Rutgers College, an MBA in Finance and International Business from New York University, and a Graduate Diploma in Financial Strategy from the University of Oxford. He also holds the CFA and CFP designations.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 86.59 | 7.9 | 16.42 |