SoFi Weekly Income ETF (NYSE Arca: TGIF) Increases Weekly Distribution
July 18 2023 - 3:15PM
SoFi Weekly Income ETF (NYSE Arca: TGIF)¹ (the “Fund”) announced
that it will increase the weekly distribution from $0.07 to $0.09
beginning on payable date, July 21, 2023. Please see details of
recent dividend in the table below.
Dividend per Share |
Ex-Date |
Record Date |
Payment Date |
$0.09 |
7/19/2023 |
7/20/2023 |
7/21/2023 |
Fund’s Dividend History
Payment Date |
Dividend per Share |
July 14, 2023 |
$0.07 |
July 7, 2023 |
$0.07 |
June 30, 2023 |
$0.07 |
June 23, 2023 |
$0.07 |
June 16, 2023 |
$0.07 |
^ The Fund’s inception date is October 1, 2020.
The Fund seeks to provide weekly income by investing in
investment grade and high-yield fixed income securities. Dividends,
if any, are paid weekly. For more information about the Fund and
standardized Fund performance, please
visit: https://www.sofi.com/invest/etfs/tgif/².
Income Research + Management is the subadvisor for TGIF.
Disclosures
1. Exchange Traded Funds (ETFs): Investors should carefully
consider the information contained in the prospectus, which
contains the Fund’s investment objectives, risks, charges,
expenses, and other relevant information. You may obtain a
prospectus from the Fund company’s website or by email customer
service at investsupport@sofi.com. Please read the prospectus
carefully prior to investing.Shares of ETFs must be bought and sold
at market price, which can vary significantly from the Fund’s net
asset value (NAV). Investment returns are subject to market
volatility and shares may be worth more or less their original
value when redeemed. The diversification of an ETF will not protect
against loss. An ETF may not achieve its stated investment
objective. Rebalancing and other activities within the fund may be
subject to tax consequences.
2. SoFi Invest refers to the three investment and trading
platforms operated by Social Finance, Inc. and its affiliates
(described below). Individual customer accounts may be subject to
the terms applicable to one or more of the platforms below.
1) Automated Investing and advisory
services are provided by SoFi Wealth LLC, an SEC-registered
investment adviser (“SoFi Wealth“). Brokerage services are provided
to SoFi Wealth LLC by SoFi Securities LLC.2) Active Investing and
brokerage services are provided by SoFi Securities LLC, Member
FINRA(www.finra.org)/SIPC(www.sipc.org), (“SoFi Securities").
Clearing and custody of all securities are provided by APEX
Clearing Corporation.
3) SoFi Crypto is offered by SoFi
Digital Assets, LLC, a FinCEN registered Money Service
Business.
For additional disclosures related to the SoFi Invest platforms
described above, including state licensure of SoFi Digital Assets,
LLC, please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth,
nor the Registered Representatives of SoFi Securities are
compensated for the sale of any product or service sold through any
SoFi Invest platform. Information related to lending products
contained herein should not be construed as an offer or
pre-qualification for any loan product offered by SoFi Bank,
N.A.
Cautionary Statement Forward-Looking
Statements
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 clicking here.
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.
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.
Duration is a measure of the Fund’s price sensitivity to changes
in yields or interest rates and a fund with a higher effective
duration will, under normal circumstances, have a greater
sensitivity to interest rates. For example, if a portfolio has a
duration of one year, and interest rates increase (fall) by 2%, the
portfolio would decline (increase) in value by approximately 2%.
However, duration may not accurately reflect the true interest rate
sensitivity of instruments held by the Fund and, therefore, the
Fund’s exposure to changes in interest rates.
Diversification does not ensure profit or protect against loss
in declining markets.
SoFi ETFs are distributed by Foreside Fund Services, LLC.
Foreside is not affiliated with the Subadviser.
Contact:
pr@sofi.com
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