SoFi Weekly Income ETF (NYSE Arca: TGIF) Increases Weekly Distribution
November 15 2022 - 9:00AM
The SoFi Weekly Income ETF (NYSE Arca: TGIF) (the “Fund”) announced
that it will increase the weekly distribution from $0.05 to $0.07
beginning on payable date, October 28, 2022. Please see details of
recent dividend in the table below.
Dividend per Share |
Ex-Date |
Record Date |
Payment Date |
$0.07 |
October 26, 2022 |
October 27, 2022 |
October 28, 2022 |
Fund’s Dividend History
Payment Date |
Dividend per Share |
October 21 2022 |
$0.05 |
October 14, 2022 |
$0.05 |
October 7, 2022 |
$0.05 |
September 30, 2022 |
$0.05 |
September 23, 2022 |
$0.05 |
^ 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. For more
information about the Fund and standardized Fund performance,
please visit: https://www.sofi.com/invest/etfs/tgif/.
The performance data quoted represents past performance.
Past performance does not guarantee future results. The investment
return and principal value of an investment will fluctuate so that
an investor’s shares, when sold or redeemed, may be worth more or
less than their original cost and current performance may be lower
or higher than the performance quoted. For the most recent
month-end performance, please visit the Fund’s website at
https://sofi.com/invest/etfs. The market
price is the final price at which a security is traded on a given
trading day. Net Asset Value (NAV) is value per share on a specific
date or time. Returns less than one year are
cumulative.
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. The fund is new and has limited operating history
to judge.
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.
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.
Contact:
pr@sofi.com
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