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ETFs

SoFi Weekly Income ETF

TGIF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 1, 2020
Expense Ratio
0.59%
Type
US Bonds
Fund Owner
Sofi
Volume (1m avg. daily)
$215,377
AUM
$16,607,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

FMYD
Ford Motor Cred 3.664 % Notes 2014-8.9.24 Global
2.33%
n/a
Cash & Other
1.84%
UBS/25D
UBS Group AG - 7.95% NT REDEEM 09/01/2025 USD 250000
1.53%
n/a
UNITED STATES TREAS BILLS 03/21/2024
1.41%
AER79
Aercap Holdings N.V. - FXDFR NT REDEEM 10/10/2079 USD 150000
1.40%
OWL5047053
OWL ROCK TECHNOLOGY FIN CORP SR GLBL 144A 25 4.75% 12/15/2025
1.27%
ALWN5575831
ALLWYN ENTMT FING UK PLC 7.875% 04/30/2029
1.22%
n/a
BARCLAYS PLC 5.304% 08/09/2026
1.18%
OMF/27
OneMain Finance Corp - 3.50% NT REDEEM 15/01/2027 USD 2000
1.14%
DPYC5199788
Depository Trust & Clearing Corporation Pfd Registered Shs Series D -144A-
1.12%
Invest with TGIF

What is TGIF?

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective, under normal circumstances, by investing in U.S.-dollar denominated investment grade and non-investment grade (also known as high-yield or junk ) fixed income securities and instruments and expects to distribute income from its investments to shareholders weekly. The Fund may invest in a variety of fixed income instruments with a fixed or floating (variable) interest rate. The Fund may hold U.S government securities, including Treasury securities, Treasury Inflation Protected Securities ( TIPS ), and agency bonds. The Fund may also invest in corporate debt, commercial and residential mortgage-backed securities ( CMBS and RMBS , respectively) (including collateralized mortgage obligations ( CMOs ), including interest only and principal only instruments), asset-backed securities ( ABS ), municipal securities, convertible securities, pass-through securities, and U.S. dollar denominated securities issued or guaranteed by foreign governments, their agencies, or instrumentalities, and floating rate securities (such as bank loans). The Fund may also invest in non-investment grade bonds (including distressed securities), non-investment grade bank loans, and bonds of emerging market issuers. The Fund s investment in mortgage-backed securities ( MBS ) may include both agency and non-agency MBS. The portion of the Fund invested in non-investment grade instruments may be up to 100% of the Fund s total assets.

ETFs related toTGIF

ETFs correlated to TGIF include HYG, HYLB, PHB

TGIF
Tidal ETF Trust - SoFi Weekly Income ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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FAQ

TGIF is a US Bonds ETF. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective, under normal circumstances, by investing in U.S.-dollar denominated investment grade and non-investment grade (also known as high-yield or junk ) fixed income securities and instruments and expects to distribute income from its investments to shareholders weekly. The Fund may invest in a variety of fixed income instruments with a fixed or floating (variable) interest rate. The Fund may hold U.S government securities, including Treasury securities, Treasury Inflation Protected Securities ( TIPS ), and agency bonds. The Fund may also invest in corporate debt, commercial and residential mortgage-backed securities ( CMBS and RMBS , respectively) (including collateralized mortgage obligations ( CMOs ), including interest only and principal only instruments), asset-backed securities ( ABS ), municipal securities, convertible securities, pass-through securities, and U.S. dollar denominated securities issued or guaranteed by foreign governments, their agencies, or instrumentalities, and floating rate securities (such as bank loans). The Fund may also invest in non-investment grade bonds (including distressed securities), non-investment grade bank loans, and bonds of emerging market issuers. The Fund s investment in mortgage-backed securities ( MBS ) may include both agency and non-agency MBS. The portion of the Fund invested in non-investment grade instruments may be up to 100% of the Fund s total assets.

Yes, TGIF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TGIF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TGIF is 0.0018%. This is the percent change in the value of TGIF over the most recent 1-month period. The 3-month return on TGIF is 0.0127%. This is the percent change in the value of TGIF over the most recent 3-month period.

The standard deviation of TGIF for the past year is 0.058%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TGIF include GVI, BLV, and BSV.

ETFs correlated to TGIF include HYG, HYLB, and PHB.

ETFs that are inversely correlated to TGIF include SJB, EFZ, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.