SFY's growth-focused strategy is risky in the current macro environment, with trade tensions and stretched valuations increasing risk. The fund's heavy tech and top-10 concentration introduce significant idiosyncratic risk, making it unattractive for risk-averse investors right now. Economic indicators point to slowing growth, a cooling labor market, and rising inflation.
The SoFi Select 500 ETF (SFY) made its debut on 04/11/2019, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Growth category of the market.
Launched on 04/11/2019, the SoFi Select 500 ETF (SFY) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
![]() SFY 6 months ago | Other | $0.55 Per Share |
![]() SFY 26 Jun 2024 Paid | Semi Annual | $0.52 Per Share |
![]() SFY 22 Dec 2023 Paid | Semi Annual | $0.6 Per Share |
![]() SFY 27 Jun 2023 Paid | Semi Annual | $0.12 Per Share |
![]() SFY 27 Dec 2022 Paid | Semi Annual | $0.57 Per Share |
![]() SFY 6 months ago | Other | $0.55 Per Share |
![]() SFY 26 Jun 2024 Paid | Semi Annual | $0.52 Per Share |
![]() SFY 22 Dec 2023 Paid | Semi Annual | $0.6 Per Share |
![]() SFY 27 Jun 2023 Paid | Semi Annual | $0.12 Per Share |
![]() SFY 27 Dec 2022 Paid | Semi Annual | $0.57 Per Share |
ARCA Exchange | US Country |
The company operates within the financial sector, managing a fund that aims to replicate the performance of 500 of the largest U.S.-listed companies. This is accomplished through a rules-based methodology, where investments are weighted based on a proprietary mix of market capitalization and fundamental factors. They ensure that a minimum of 80% of the fund's total assets are consistently invested in the index's component securities, not including any collateral held from securities lending. This approach indicates the company's dedication to providing stable exposure to major U.S. companies, aiming for investment returns that closely match the index's performance.
An investment product that tracks the performance of 500 large U.S.-listed companies, using a specific methodology. This fund is designed for investors seeking exposure to a broad cross-section of U.S. companies, adhering to a strategy that combines market capitalization and fundamental factors for weighting investments.
This unique approach to investment allows for a balanced consideration of each company's size (market cap) along with fundamental financial factors. Such a methodology aims to potentially enhance returns by not solely relying on market cap as a determinant for investment weighting.
A part of the fund's operations that involves lending out securities to gain additional income, which may help improve overall fund performance. It's worth noting that any collateral obtained through this program does not count towards the 80% investment minimum in index components, ensuring the fund remains focused on its primary investment strategy.