SoFi, a leading provider of thematic and income ETFs, today
announced monthly distributions on the SoFi Enhanced Yield ETF
(THTA).
Distribution as of 05/14/2024
ETFTicker |
Distributionper Share |
DistributionRate * |
30-Day SEC Yield** |
Ex-Date |
RecordDate |
PaymentDate |
THTA |
$0.2326 |
13.80% |
4.26% |
05/15/2024 |
05/16/2024 |
05/17/2024 |
Inception date: 11/15/2023Click here to view standardized
performance for THTA.
THTA, launched in partnership with Tidal Investments LLC and
ZEGA Financial LLC, seeks current income by combining a strategy of
holding U.S. government securities, including U.S. Treasury Bills
and U.S. Treasury Bonds, with a “credit spread” option strategy to
seek to generate enhanced yield.
About SoFiOur mission is to help people reach
financial independence to realize their ambitions. And financial
independence doesn’t just mean being rich—it means getting to a
point where your money works for the life you want to live.
Everything we do is geared toward helping our members get
their money right. We’re constantly innovating and building ways to
give our members what they need to make that happen.
About Tidal Investments LLC Formed by ETF
industry pioneers and thought leaders, Tidal Investments LLC sets
out to revolutionize the way ETFs have historically been developed,
launched, marketed, and sold. With a focus on growing AUM, Tidal
offers a comprehensive suite of services, proprietary tools, and
methodologies designed to bring lasting ideas to market. Tidal is
an advocate for ETF innovation. The firm is on a mission to provide
issuers with the intelligence and tools needed to efficiently and
to effectively launch ETFs and to optimize growth potential in a
highly competitive space. For more information, visit
https://www.tidalfinancialgroup.com/.
ABOUT ZEGA Financial LLCFounded in 2011, ZEGA
Financial LLC is an SEC-registered investment adviser and
investment manager that specializes in derivatives. The firm
leverages technology, data, experience, and proprietary strategies
to craft products and services for advisors and individual
investors. ZEGA Financial helps investors successfully navigate
volatile and uncertain markets through innovative hedging
strategies. The firm's founding principles grew out of the
bestselling book co-authored by Jay Pestrichelli, ZEGA's CEO and
Co-Founder, entitled "Buy and Hedge, the Five Iron Rules for
Investing Over the Long Term." His book highlights how to bridge
the complicated nature of options investing with the needs of the
everyday investor.
Performance is historical and does not guarantee future
results. Current performance may be lower or higher than quoted.
Investment returns and principal value of an investment will
fluctuate so that an investor’s shares, when redeemed, may be worth
more or less than their original cost. Performance data for the
most recent month-end is available above. Returns less than one
year are cumulative. Shares of any ETF are bought and sold at
market price (not NAV) and may trade at a discount or premium to
NAV. Shares are not individually redeemable from the Fund and may
only be acquired or redeemed from the fund in creation units.
Brokerage commissions will reduce returns. Short term performance,
in particular, is not a good indication of the fund’s future
performance, and an investment should not be made based solely on
returns.
* The Distribution Rate is the annual yield an investor would
receive if the most recently declared distribution, which includes
option income, remained the same going forward. The Distribution
Rate is calculated by multiplying an ETF’s Distribution per Share
by twelve (12), and dividing the resulting amount by the ETF’s most
recent NAV. The Distribution Rate represents a single distribution
from the ETF and does not represent its total return. Distributions
are not guaranteed.
** The 30-Day SEC Yield represents net investment
income, which excludes
option income, earned by such ETF over the
30-Day period ended [Month] [day], [year], expressed as
an annual percentage rate based on such ETF’s share price at the
end of the 30-Day period.
The Distribution Rate and 30-Day SEC Yield is not indicative of
future distributions, if any, on the ETFs. In particular, future
distributions on any ETF may differ significantly from its
Distribution Rate or 30-Day SEC Yield. You are not guaranteed a
distribution under the ETFs. Distributions for the ETFs (if any)
are variable and may vary significantly from month to month and may
be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield
will change over time, and such change may be significant. The
distribution may include a combination of ordinary dividends,
capital gain, and return of investor capital, which may decrease a
fund's NAV and trading price over time. As a result, an investor
may suffer significant losses to their investment. These
distribution rates caused by unusually favorable market conditions
may not be sustainable. Such conditions may not continue to exist
and there should be no expectation that this performance may be
repeated in the future. Additional fund risks can be found
below.
Before investing you should carefully consider the
Fund’s investment objectives, risks, charges and expenses. This and
other information is in the prospectus. A prospectus may be
obtained by clicking here.
Please read the prospectus carefully before you
invest.
Investing involves risk. Principal loss is
possible.
Written Options Risk. The Fund will incur
a loss as a result of writing (selling) options (also referred to
as a short position) if the price of the written option instrument
increases in value between the date the Fund writes the option and
the date on which the Fund purchases an offsetting position. The
Fund’s losses are potentially large in a written put transaction
and potentially unlimited in a written call transaction. Because of
the fund’s strategy of coupling written and purchased puts and call
options with the same expiration date and different strike prices,
the Fund expects that the maximum potential loss for
the Fund for any given credit spread is equal to the difference
between the strike prices minus any net premium received.
Nonetheless, because up to 90% of the Fund’s portfolio may be
subject to this risk – the value of an investment in the Fund –
could decline significantly and without warning, including to
zero.
Derivatives Risk. Derivatives include
instruments and contracts that are based on and valued in relation
to one or more underlying securities, financial benchmarks,
indices, or other reference obligations or measures of value. Major
types of derivatives include options. Depending on how the Fund
uses derivatives and the relationship between the market value of
the derivative and the underlying instrument, the use of
derivatives could increase or decrease the Fund’s exposure to the
risks of the underlying instrument. Using derivatives can have a
leveraging effect if the Sub-Adviser is unable to set an
appropriate spread between two options held by the Fund and
increase Fund volatility. In that event, a small investment in
derivatives could have a potentially large impact on the Fund’s
performance. Derivatives transactions can be highly illiquid and
difficult to unwind or value, and changes in the value of a
derivative held by the Fund may not correlate with the value of the
underlying instrument or the Fund’s other investments. Many of the
risks applicable to trading the instruments underlying derivatives
are also applicable to derivatives trading. Financial reform laws
have changed many aspects of financial regulation applicable to
derivatives. Once implemented, new regulations, including margin,
clearing, and trade execution requirements, may make derivatives
more costly, may limit their availability, may present different
risks or may otherwise adversely affect the value or performance of
these instruments. The extent and impact of these regulations are
not yet fully known and may not be known for some time.
Interest Rate Risk. Generally fixed income
securities decrease in value if interest rates rise and increase in
value if interest rates fall, with longer-term securities being
more sensitive than shorter-term securities. For example, the price
of a security with a one-year duration would be expected to drop by
approximately 1% in response to a 1% increase in interest rates.
Generally, the longer the maturity and duration of a bond or fixed
rate loan, the more sensitive it is to this risk. Falling interest
rates also create the potential for a decline in the Fund’s income.
These risks are greater during periods of rising inflation.
Leveraging Risk. Derivative instruments
held by the Fund involve inherent leverage, whereby small cash
deposits allow the Fund to hold contracts with greater face value,
which may magnify the Fund’s gains or losses. Adverse changes in
the value or level of the underlying asset, reference rate or index
can result in loss of an amount substantially greater than the
amount invested in the derivative. In addition, the use of leverage
may cause the Fund to liquidate portfolio positions when it would
not be advantageous to do so in order to satisfy redemption
obligations.
Liquidity Risk. Liquidity risk exists when
particular investments of the Fund would be difficult to purchase
or sell, possibly preventing the Fund from selling such illiquid
securities at an advantageous time or price, or possibly requiring
the Fund to dispose of other investments at unfavorable times or
prices in order to satisfy its obligations.
New Fund Risk. The Fund is a recently
organized management investment company with no operating history.
As a result, prospective investors do not have a track record or
history on which to base their investment decisions.
Non-Diversification Risk. The Fund is
classified as “non-diversified,” which means the Fund may invest a
larger percentage of its assets in the securities of a smaller
number of issuers than a diversified fund. The Fund will generally
have up to 15 credit spreads at any given time, with up to 25%
exposure to a single equity index credit spread. Investment in a
limited number of equity indexes exposes the Fund to greater market
risk and potential losses than if its assets were diversified among
a greater number of indexes.
Median 30 Day Spread is a calculation of
Fund’s median bid-ask spread, expressed as a percentage rounded to
the nearest hundredth, computed by: identifying the Fund’s national
best bid and national best offer as of the end of each 10 second
interval during each trading day of the last 30 calendar days;
dividing the difference between each such bid and offer by the
midpoint of the national best bid and national best offer; and
identifying the median of those values.
The S&P 500 Index, or Standard &
Poor’s 500 Index, is a market-capitalization-weighted index of 500
leading publicly traded companies in the U.S. The index actually
has 503 components because three of them have two share classes
listed.
SoFi ETFs are distributed by Foreside Fund Services, LLC.
Contact:
pr@sofi.com
Tidal ETF Trust (NYSE:THTA)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Tidal ETF Trust (NYSE:THTA)
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De Set 2023 até Set 2024