SoFi 50 ETF Now Has a Crowdsourced Twist
We’re excited to announce today that our SoFi 50 ETF (which previously was indexed to the top 50 large-cap companies by growth signal), is now based on the most popular stocks held by members on the SoFi Invest platform.
What does this mean for you? Whether you already hold the ETF or buy into it starting today, the SoFi 50 ETF will now track the SoFi Social 50 Index – a portfolio of the 50 most-widely-held U.S. equities among SoFi member accounts – and will be rebalanced monthly.
We’ve heard from a lot of members who expressed interest in more social investing features, so we’re thrilled to take the first step in that direction by relaunching the SoFi 50 ETF to provide investors broad exposure to the stocks that SoFi members are personally buying. And while past performance is obviously not a guarantee of future performance, we’ve been evaluating the SoFi Social 50 Index since October and it has outperformed the S&P 500 by over 20% since then.
The updated fund retains the ticker SFYF on the NYSE Arca, as well as the existing expense ratio of 29 basis points. We’ve also recently extended zero expense ratios on SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) for another year – find out more about all of these ETFS at SoFi.com/Invest/ETFs.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting www.sofi.com/invest/etfs. Please read the prospectus carefully before you invest.
It is not possible to invest directly in an index.
*Investors buy and sell ETF shares through a brokerage account or an investment adviser like ordinary stocks, brokerage commissions and/or transaction costs or service fees may apply. Please consult your broker or financial advisor for their fee schedule.
There is no guarantee that the Fund’s investment strategy will be successful. Investments in REITs involve unique risks. Securities in the real estate sector are subject to the risk that the value of their underlying real estate may go down. Shares may trade at a premium or discount to their NAV in the secondary market, and a fund’s holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses. The Fund is new and has a limited operating history. The fund is passively managed and attempts to mirror the composition and performance of The SoFi Social 50 Index. The Fund’s returns may not match due to expenses incurred by the Fund or lack of precise correlation with the index. The securities that comprise the Index are selected by retail investors holding SoFi Accounts, who may not be professional investors, may have no financial expertise, and may not do any research on the companies in which they invest prior to investing. In some cases, investment decisions made may be influenced by non-quantitative factors, including, without limitation, cognitive and emotional biases, resulting in the inclusion of certain securities in the Index which may underperform the market generally and result in lower returns for the Fund. You can lose money on your investment in the Fund. Diversification does not ensure profit or protect against loss in declining markets.
Foreside Fund Services, LLC, Distributor