SFYX Fees and Costs — SoFi Next 500 ETF
Data updated: 2026-01-28
The net expense ratio is 0.06% (0.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 27%.
SFYX Fees and Expenses
Annual operating expenses and sales charges of SFYX. Prospectus, as of June 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.06% |
| 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 |
SFYX Costs Over Time
On $10,000 invested in SFYX, assuming 5% a year before costs, total costs come to $47 over 5 years, cutting the return by 0.08% 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 0.06%) | $6 | $20 | $35 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $26 | $47 |
| Value after costs | $10,492 | $11,551 | $12,716 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
SFYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0136%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $18.4M
- Net income from securities lending: $39K (0.045% of average net assets)
SFYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $11K | 94.09% |
| ROBERT W. BAIRD & CO. INCORPORATED | $502 | 4.29% |
| NATIONAL FINANCIAL SERVICES LLC | $105 | 0.90% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $85 | 0.73% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.