Press Release

SoFi Debuts its First Crowdsourced ETF Based on SoFi Social 50 Index

New index provides exposure to SoFi members’ most popular equities

SAN FRANCISCO, CALIF. – July 1, 2020 – SoFi announced today the availability of its relaunched exchange-traded fund (ETF), the SoFi 50 ETF, which is now indexed to reflect the most popular equities among SoFi members.

The relaunched SoFi 50 ETF now tracks the performance, before fees and expenses, of the SoFi Social 50 Index, a portfolio of the 50 most-widely-held U.S.-listed equity securities in SoFi members’ self-directed brokerage accounts with SoFi Invest. The index is weighted by aggregate holdings within SoFi member accounts and will be rebalanced on a monthly basis.

“Our members have consistently expressed interest in investing in the same stocks as their friends and peers. We’ve been evaluating the SoFi Social 50 Index since October and it has outperformed the S&P 500 by over 20% since then,” said SoFi CEO Anthony Noto. “We are excited to introduce an ETF product that centers around the social elements of investing.” The updated fund is a reindexing of the SoFi 50 ETF and retains the ticker SFYF on the NYSE Arca, with an expense ratio of 29 basis points. SoFi has continued to partner with Tidal ETF Services for the trust, strategy, administrative and operational aspects of the fund.

The reindexing of the SFYF ETF follows the recent extension of fee waivers on the SoFi Select 500 (SFY) and SoFi Next 500 (SFYX) funds, which will retain a zero expense ratio for at least another year, through June 30, 2021.* All of SoFi’s ETFs are available through SoFi Invest, as well as through any other brokerage account.

Additional information, including fact sheets and a prospectus, can be found on SoFi’s website at

About SoFi

SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, future home of the Los Angeles Chargers and the Los Angeles Rams, opening in July 2020. For more information, visit

About Tidal ETF Services

Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and organizations launch the most interesting and viable ETFs available today. For more information, visit


Chris Sullivan/Julia Stoll
MacMillan Communications
(212) 473-4442
[email protected]
[email protected]



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 Please read the prospectus carefully before you invest.

Past performance does not guarantee future results. 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

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