SoFi Weekly Income ETF
TGIF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Oct 2, 2020
- CIK
- 0001742912
- Similar Companies
- Business
- SoFi Weekly Income ETF (TGIF) operates as an actively managed exchange-traded fund focused on providing current income through weekly distributions to investors; it primarily invests in a diversified portfolio of U.S. dollar-denominated fixed income securities, including investment-grade and non-investment-grade corporate bonds, U.S. government securities such as Treasury bills and agency bonds, mortgage-backed securities (agency and non-agency), asset-backed securities, bank loans, preferred securities, and other instruments with fixed or floating interest rates. The fund's holdings feature notable positions in entities like First American Government Obligations Fund, United States Treasury Bills, Blue Owl Technology Finance Corp., Credit Suisse AG New York Branch, and AerCap Holdings N.V., with allocations emphasizing corporate bonds (approximately 87%), open-ended funds, preferred securities, and sovereign debt. Launched on October 1, 2020, and listed on NYSE Arca, TGIF targeted retail and institutional investors seeking consistent weekly income with an expense ratio of 0.59%; it was issued under Tidal ETF Trust (formerly associated with SoFi branding) and sub-advised by Income Research + Management, with Tidal Investments serving as advisor. In a major strategic shift announced in February 2024, SoFi and Tidal ETF Trust decided to liquidate and close TGIF along with the SoFi Weekly Dividend ETF (WKLY) and three other SoFi-branded ETFs (SFY, SFYX, SFYF), ceasing new purchases effective February 9, 2024, and halting trading on February 20, 2024, with final distributions to shareholders thereafter and no payouts after that date. This reorganization reflected SoFi's pivot away from its ETF lineup amid evolving business priorities, following the launch of innovative funds like TGIF as the industry's first USD-denominated fixed income ETF with weekly payouts; the closure aligned with broader industry trends of ETF consolidations. Headquartered in San Francisco through its SoFi origins and managed under Tidal ETF Trust, TGIF operated principally in U.S. markets with global fixed income exposure prior to delisting.