No, the SoFi Weekly Income ETF will not be an investment option within current Automated Invest accounts. For more information and a prospectus, please see https://www.sofi.com/invest/etfs/tgif/.
The Fund intends to pay out dividends and interest income, if any, weekly. There is no guarantee these payouts will be made.
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 https://www.sofi.com/invest/etfs/tgif/. Please read the prospectus carefully before you invest.
There is no guarantee the Fund’s investment strategy will be successful and you can lose money on your investment in the fund. Shares may trade at a premium or discount to their NAV in the secondary market. The fund is new and has limited operating history to judge.
The Fund is non-diversified and its investments may be concentrated in an industry or sector to the extent the index is concentrated meaning it may invest a greater percentage of its assets than a diversified fund. As a result, a decline in the value or an adverse event could cause the Fund’s overall value to decline to a greater degree.
There is no guarantee that issuers of the securities held by the Fund will declare dividends or increase over time. Although the Fund intends to maintain a consistent weekly income distribution, depending upon the timing of the receipt and payment of dividends from the Fund’s underlying holdings, the amount of the Fund’s weekly income distribution may fluctuate and the Fund’s NAV will fluctuate accordingly.
Investments in securities of non-U.S. issuers involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value. Financial markets in foreign countries often are not as developed, efficient, or liquid as financial markets in the U.S., and therefore, the prices of non-U.S. securities can be more volatile. In addition, the Fund will be subject to risks associated with adverse political, global health crises and economic developments including sanctions in foreign countries. Generally, there may be less readily available or reliable information about non-U.S. issuers due to less rigorous disclosure or accounting standards and regulatory standards.
SoFi ETFs are distributed by Foreside Fund Services, LLC.