TGIF Fees and Costs — SoFi Weekly Income ETF
Data updated: 2024-01-29
The net expense ratio is 0.59%. There are no sales loads or redemption fees. Portfolio turnover was 50%.
TGIF Fees and Expenses
Annual operating expenses and sales charges of TGIF. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TGIF Costs Over Time
On $10,000 invested in TGIF, assuming 5% a year before costs, total costs come to $372 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $372 |
| Value after costs | $10,438 | $11,373 | $12,391 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
TGIF Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $22.4M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $861K
- Net income from securities lending: $3K (0.012% of average net assets)
TGIF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.7M | 17.11% |
| BOFA SECURITIES INC. | $1.9M | 11.77% |
| MILLENNIUM ADVISORS LLC | $1.8M | 11.64% |
| GOLDMAN SACHS & CO. LLC | $1.8M | 11.45% |
| J.P. MORGAN SECURITIES LLC | $1.6M | 10.04% |
| JEFFERIES LLC | $1.4M | 9.16% |
| CITIGROUP GLOBAL MARKETS INC. | $1.3M | 8.46% |
| DEUTSCHE BANK SECURITIES INC. | $1.2M | 7.78% |
| JANE STREET EXECUTION SERVICES LLC | $1.1M | 6.78% |
| MARKETAXESS CORPORATION | $920K | 5.82% |
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.