SFY Fees and Costs — SoFi Select 500 ETF
Data updated: 2026-07-29
The net expense ratio is 0.05% (0.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $14K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 15%.
SFY Fees and Expenses
Annual operating expenses and sales charges of SFY. Prospectus, as of June 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SFY Costs Over Time
On $10,000 invested in SFY, assuming 5% a year before costs, total costs come to $34 over 5 years, cutting the return by 0.06% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.05%) | $5 | $17 | $29 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $18 | $34 |
| Value after costs | $10,494 | $11,558 | $12,729 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
SFY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $10.4M
- Net income from securities lending: $16K (0.003% of average net assets)
SFY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $8K | 60.29% |
| TELSEY ADVISORY GROUP LLC | $5K | 34.12% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $609 | 4.49% |
| MORGAN STANLEY & CO. LLC | $140 | 1.03% |
| GOLDMAN SACHS & CO. LLC | $8 | 0.06% |
| ROBERT W. BAIRD & CO. INCORPORATED | $1 | 0.01% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.