FolioBeyond Enhanced Fixed Income Premium ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 7 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About FIXP
TheFund is an actively managed exchange-traded fund (“ETF”) that seeks to generate current income and long-term capitalappreciation by investing in a portfolio of ETFs representing certain sectors of the fixed-income market (“Bond Sector ETFs”),both directly and indirectly through option overlays (described below). The Fund uses the FolioBeyond Fixed Income Model (the“FB Model”) to select its Bond Sector ETFs. TheFund primarily invests in an optimized portfolio of Bond Sector ETFs, such as those providing exposure to U.S. Treasuries, investmentgrade corporate bonds, high yield corporate bonds, mortgage-backed securities (“MBS”), municipal bonds, or sovereignbonds (foreign government bonds). In addition, the Fund employs its options overlay strategy using call and/or put options tiedeither to the Bond Sector ETFs or to broad-based bond market ETFs (collectively, “Underlying ETFs”). Undernormal circumstances, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in income-producingfixed income securities, including Underlying ETFs that primarily invest in income-producing fixed income securities. BondSector ETFs TheFund will primarily invest in Bond Sector ETFs. The Fund’s investment sub-adviser, FolioBeyond LLC (“FolioBeyond”or the “Sub-Adviser”), utilizes its FB Model, a proprietary, factor-based, multisector fixed income strategy designedto generate higher income. The FB Model seeks to outperform the Bloomberg U.S. Aggregate Bond Index (the “Benchmark”)by dynamically allocating across Bond Sector ETFs. TheFB Model applies advanced algorithms to capture key performance and risk drivers in the fixed income markets. This optimizationframework analyzes and updates risk and value attributes on a regular basis for the holdings in the Fund’s initial BondSector ETF universe, which currently consists of 24 Bond Sector ETFs but is subject to change, at the Sub-Adviser’s solediscretion. The Sub-Adviser’s FB Model uses proprietary algorithms to allocate its assets to the Bond Sector ETFs. The algorithmsconsider and weigh numerous factors for each Bond Sector ETF and are computed on a regular basis. The most significant factorsfor each Bond Sector ETF include: (i) Historical Price Volatility: The extent and speed of the Bond Sector ETF’s price movements over a specific period; (ii) Option-Implied Volatility: The expected price volatility of the Bond Sector ETF over the lifespan of an option on the ETF; (iii) Estimated Default Risk: The likelihood of default by the Bond Sector ETF’s underlying holdings; (iv) Prepayment or Call Risk: The risk associated with early repayment or callable features of the Bond Sector ETF’s underlying holdings; (v) Interest Rate Sensitivity: a. Duration: A measure of the Bond Sector ETF’s underlying holdings’ sensitivity to interest rate changes. b. Convexity: A measure of how the duration of the underlying holdings of the Bond Sector ETF changes as yields fluctuate; (vi) Yield To Maturity: The return expected from the underlying holdings of the Bond Sector ETF if held to maturity; (vii) Option-Adjusted Spread: The yield difference between the Bond Sector ETF, adjusted for options, and an investment with a risk-free rate of return, such as U.S. Treasuries); (viii) Weighted Average Life: The average time the underlying holdings of the Bond Sector ETF are expected to remain outstanding; (ix) Expected Maturity: The anticipated time until the Bond Sector ETF’s underlying holdings mature; and (x) Historical Correlation: The historical relationship between the prices of Bond Sector ETFs under evaluation. TheFB Model uses these primary factors, along with several secondary factors, to determine portfolio allocation weights for eachBond Sector ETF. The goal is to create a portfolio with attractive risk-reward characteristics under current market conditions.This modeling process is designed to optimize for current income and total return, which includes capital appreciation. Generally,the Fund rebalances its holdings of Bond Sector ETFs whenever the FB Model produces a target allocation for any Bond Sector ETFthat differs materially from its current allocation, due to changes in prices, yields, risk, or other market conditions. See “AdditionalInformation About the Fund” in the Fund’s Prospectus for more information about the bond sectors in which the BondSector ETFs may focus their investments. OptionsOverlay Inaddition to its Bond Sector ETF investments, the Fund employs option overlays to seek to enhance income. The option strategy primarilyinvolves selling covered or uncovered call and/or put options and covered or uncovered call and/or put spreads on Underlying ETFswith the goal of generating additional income. FolioBeyond implements the Fund’s option strategies based on a comprehensiveanalysis of implied volatility (the market’s expectation of future price swings), strike prices (the price at which theoption can be exercised), relative value (a comparison of an asset’s current price to an estimate of its intrinsic value),and market conditions. The Fund may also sell options on instruments other than the Bond Sector ETFs. The Fund will count thenotional value of options on any fixed income ETFs towards compliance with the 80% investment policy discussed above. Toimplement the Fund’s options overlay strategy, the Fund will sell options and/or option spreads (i.e., buying and/or sellingmultiple options contracts on the same underlying asset, but with different strike prices or expiration dates, aiming to profitfrom the price difference between the two options), including both call options (which give the buyer the right to buy an assetat a predetermined price) and put options (which give the buyer the right to sell an asset at a predetermined price). By sellingthe options and/or option spreads, the Fund can collect premium payments. These premiums provide a potential income boost, particularlyduring periods of low market volatility. Forexample, if the Fund holds a portfolio of Bond Sector ETFs and sells covered call options on those ETFs, the premiums collectedfrom selling the calls can enhance the Fund’s income. If the market price of the relevant Bond Sector ETF remains belowthe option strike price, the Fund retains both the shares of the Bond Sector ETF and the premium income. However, if the marketprice exceeds the strike price, the Fund may have to sell the Bond Sector ETF’s shares at the strike price, limiting furtherupside in those positions. FolioBeyondactively manages and rebalances the Fund’s option overlay strategy, including its short positions (selling options withoutowning the underlying asset), to seek alignment with changes in volatility, interest rates, and overall bond market conditions.The Fund’s total notional exposure (the total value represented by the options contracts) to options, including short positions,may reach up to 150% of the Fund’s net assets, allowing for flexible positioning as market conditions evolve. To seek tomitigate the risks associated with short positions, FolioBeyond employs a disciplined risk management approach, including generallysetting predefined stop-loss limits (automatically closing positions to prevent excessive losses), actively monitoring optionexposures relative to market movements, and adjusting positions based on real-time assessments of volatility and liquidity conditions. TheFund where possible sells covered options, that is, options that reference a Bond Sector ETF the Fund already holds. However,in certain cases, the Fund will sell uncovered options that reference a Bond Sector ETF or other ETF. This approach is used whenthe Sub-Adviser identifies a more attractive opportunity than a covered option, or when no options exist for a Bond Sector ETFheld by the Fund. Foruncovered options, the Sub-Adviser selects ETFs that it believes have a relatively high degree of correlation to the Bond SectorETF held by the Fund. This allows the Fund to align the uncovered options with its existing holdings, while seeking to capitalizeon more favorable availability, liquidity, price or other market attributes of the uncovered options. Whenselling uncovered options, the Fund must post additional collateral, such as cash or securities, to cover the mismatch betweenthe reference ETF and the Bond Sector ETF held by the Fund. The Sub-Adviser considers the cost of posting the collateral whendetermining whether to sell an uncovered option. PortfolioAttributes Generally,the FB Model produces target allocations that lead to the Fund holding between five and eight Bond Sector ETFs, with each BondSector ETF subject to a maximum allocation limit of 30% of the Fund’s assets. However, there can be no assurance that theFB Model will produce such target allocations in the future. This may lead the Fund to hold lesser or greater or lesser concentrationsof fewer or larger numbers of Bond Sector ETFs than has typically been the case. The Fund may invest in Bond Sector ETFs thatfocus their investments in any particular bond sector without limit. Whilethe Fund intends principally to hold Bond Sector ETFs and options, from time to time the Fund may directly hold fixed income securities,or options thereon, that represent obligations of individual issuers, including but not limited to MBS issued or guaranteed bythe Federal National Mortgage Association, Federal Home Loan Mortgage Corporation or Government National Mortgage Association.
FIXP News
- Responsive Playbooks and the FIXP Inflection
- RedChip Hosts Virtual Investor Conference Showcasing the Next Generation of ETF Investing
- RedChip Hosts Virtual Investor Conference Showcasing the Next Generation of ETF Investing
- FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) Short Interest Up 83.9% in July
- Responsive Playbooks and the FIXP Inflection
- Understanding the Setup: (FIXP) and Scalable Risk
- FolioBeyond Enhanced Fixed Income Premium ETF (NYSEARCA:FIXP) Short Interest Down 82.2% in June
- The Technical Signals Behind (FIXP) That Institutions Follow
Data for FIXP is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.