SoFi Weekly Income ETF (TGIF)

Overview

The fund is an actively-managed exchange-traded fund (ETF) that aims to maximize investment returns for its shareholders. Utilizing a strategy that encompasses both investment grade and non-investment grade (commonly referred to as "high-yield" or "junk") fixed-income securities and instruments, the fund operates under the premise of distributing income on a weekly basis. By engaging in a diverse array of fixed income instruments bearing either fixed or variable (floating) interest rates, it seeks to cater to the investment needs of a wide investor base. Despite its expansive operational strategy, it is designated as a non-diversified fund, indicating a potentially concentrated investment approach.

Products and Services

• U.S.-Dollar Denominated Fixed Income Securities

  The fund invests in fixed income securities and instruments that are denominated in U.S. dollars. These investments are chosen based on their potential to contribute to the fund’s overall investment objective, focusing on assets that promise both stability and returns. The selection includes securities with a range of credit qualities, from investment grade to high-yield options, catering to different risk appetites among investors.

• Investment Grade and Non-Investment Grade Securities

  Part of the fund’s strategy involves diversifying its portfolio by including both investment grade and non-investment grade securities. Investment grade securities are perceived as lower risk, offering stable but potentially lower returns, whereas non-investment grade, or "high-yield" securities, come with higher risk but the possibility of higher returns. This blend allows the fund to target a balanced risk-reward ratio, suitable for investors looking for income-generation opportunities with various risk profiles.

• Weekly Income Distribution

  A key feature of this ETF is its commitment to distributing income from its investments to shareholders on a weekly basis. This approach is particularly appealing to investors who seek regular income flows from their investment portfolios. By providing income distributions more frequently than the typical monthly or quarterly dividends offered by many other funds, it addresses the needs of income-focused investors.

• Fixed and Floating Interest Rate Instruments

  To further diversify its investment strategy, the fund allocates its resources across a variety of fixed income instruments that come with either fixed or floating (variable) interest rates. Fixed rate instruments provide predictable income streams, whereas floating rate instruments offer income that adjusts with market interest rates. This strategy aims to optimize income generation regardless of the prevailing interest rate environment.