SoFi Weekly Income ETF (TGIF)
SoFi Weekly Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $97.48, down 0.04% on the session, giving a market capitalisation of $17.1M. Its beta of 0.61 implies it has historically moved less than the broad market.
This actively managed Exchange-Traded Fund (ETF), known as the SoFi Weekly Income ETF (TGIF), is designed to achieve its income-generating goals by investing primarily in U.S. dollar-denominated fixed income instruments. Its portfolio will typically include a mix of both highly-rated (investment grade) debt and more speculative, lower-rated securities, often referred to as "high-yield" or "junk" bonds. A key feature of this fund is its commitment to distributing income to its shareholders on a weekly basis. The underlying debt securities it holds can have either a set (fixed) or fluctuating (variable) interest rate. It's important to note that this fund is classified as non-diversified.
SoFi Weekly Income ETF is most often compared with the following Financial Services names: