There is no commission to buy and sell the SoFi Weekly Income ETF through your SoFi Active Invest account. The ETF does have an annual expense ratio of 0.59% that will be charged to holders of the ETF. If purchased outside of a SoFi Active Investment account additional brokerage commissions and/or transaction costs or services fees may apply. Please consult your broker or financial advisor for their fee schedule. For more information and a prospectus, please see https://www.sofi.com/invest/etfs/tgif/.
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.
The Fund intends to pay out dividends and interest income, if any, weekly. There is no guarantee these payouts will be made.
There is no guarantee that the Fund’s investment strategy will be successful. 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. You can lose money on your investment in the Fund.
High-yield securities (also known as “junk” bonds) carry a greater degree of risk and are more volatile than investment grade securities and are considered speculative. The Fund’s investments in high-yield securities expose it to a substantial degree of credit risk.
The value of the Fund’s investments in fixed income securities will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned indirectly by the Fund. On the other hand, if rates fall, the value of the fixed income securities generally increases. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets. Privately placed securities generally are less liquid than publicly traded securities and the Fund may not always be able to sell such securities without experiencing delays in finding buyers or reducing the sale price for such securities.
SoFi ETFs are distributed by Foreside Fund Services, LLC.