SFYX
SoFi Next 500 ETF
📎 Investment Objective
The SoFi Next 500 ETF (SFYX) seeks to track the performance of the SoFi Next 500 Index, which provides exposure to the 501st to 1,000th largest U.S. companies by market capitalization.
Overview
ETF tracking SoFi Next 500 ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SoFi Next 500 ETF (SFYX) seeks to track the performance of the SoFi Next 500 Index, which provides exposure to the 501st to 1,000th largest U.S. companies by market capitalization.
🎯 Investment Strategy
The ETF uses a passively managed, full replication approach to track its underlying index. It invests in the equity securities of the companies included in the index in proportion to their weightings.
✨ Key Features
- Provides exposure to mid-cap U.S. equities outside the S&P 500 index
- Seeks to track the performance of the SoFi Next 500 Index, which includes companies ranked 501-1,000 by market cap
- Passively managed, full replication strategy to track the index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market conditions or other factors
- Concentration risk: The ETF's performance may be more volatile as it is exposed to a narrower segment of the U.S. equity market
- Liquidity risk: The ETF may have difficulty trading certain securities at an advantageous time or price
- Tracking error risk: The ETF may not perfectly track the performance of its underlying index
👤 Best For
The SoFi Next 500 ETF may be suitable for investors seeking broad exposure to mid-cap U.S. equities as part of a diversified portfolio. It may be appropriate for investors with a medium to long-term investment horizon and a moderate risk tolerance.