Investment objective & strategy
As of March 26, 2026 · prospectusObjective. The Sound Equity Dividend Income ETFs (the Fund or the Equity Dividend Income ETF) primary objective is to generate current income via a dividend yield that is at least two times that of the S&P 500 Index.
Strategy. 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 Funds 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 … 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 Funds 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 Funds 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% of its net assets (plus any borrowing) in dividend paying 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.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| OMNICOM GROUP INC | — | $1.61M | 5.34% |
| GSK plc SPONSORED ADR | GSK US | $1.38M | 4.56% |
| EVERSOURCE ENERGY | — | $1.23M | 4.07% |
| ENBRIDGE INC | — | $1.22M | 4.04% |
| UNITED PARCEL SERVICE INC CL B | — | $1.16M | 3.85% |
| CITIZENS FINANCIAL GROUP INC | — | $1.12M | 3.70% |
| SONOCO PRODUCTS CO | — | $1.11M | 3.68% |
| PERRIGO CO PLC | — | $1.09M | 3.59% |
| SCOTTS MIRACLE GRO CO | — | $1.01M | 3.34% |
| AT&T INC | — | $1.00M | 3.32% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Genter Dividend Income Fund · GDIIX | 24% | 1.25% |
| Genter Capital Dividend Income ETF · GEND | 23% | 0.38% |
| DF Tactical Dividend Fund · PWDAX, PWDIX, PWDCX | 21% | 1.58% |
Advisers
| Firm | Role |
|---|---|
| Tidal Investments LLC | Adviser |
| Sound Income Strategies, LLC | Sub-adviser |
Footnotes
- Expense ratio as of March 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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