# Daily Target 2X Long SOFI ETF (SOFX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sofx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Defiance · Asset class: Equity - Strategy: Leveraged · Inception: 2025-01-15 SOFX is an exchange-traded fund engineered to capitalize on upward movements in the stock price of SoFi Technologies, Inc. (SOFI). It achieves this through the use of swap agreements, essentially placing bullish bets on the underlying company. SoFi Technologies, Inc. itself is an American financial technology firm that offers a broad spectrum of personal finance and digital banking services. The fund's core objective is to deliver a daily return equivalent to 200% of the daily percentage change in SOFI's share price. To maintain this magnified exposure, it undergoes daily rebalancing. Given... ## Key Facts | Metric | Value | |---|---| | Price | $6.43 | | Expense Ratio | 1.33% | | Assets Under Management | $50.1M | | NAV | $6.44 | | Holdings Count | 11 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | $3.60 /share | | Distribution Frequency | Irregular | | 52-Week Range | $6.31 – $55.48 | | Beta | 4.56 | ## Latest Distribution - Amount: $3.5982 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does SOFX invest in? SOFX is an exchange-traded fund engineered to capitalize on upward movements in the stock price of SoFi Technologies, Inc. (SOFI). It achieves this through the use of swap agreements, essentially placing bullish bets on the underlying company. SoFi Technologies, Inc. itself is an American financial technology firm that offers a broad spectrum of personal finance and digital banking services. The fund's core objective is to deliver a daily return equivalent to 200% of the daily percentage change in SOFI's share price. To maintain this magnified exposure, it undergoes daily rebalancing. Given its highly leveraged design, SOFX is specifically intended for short-term, tactical trading maneuvers and is explicitly not recommended as a vehicle for long-term investment. Investors holding SOFX for longer than a single day should anticipate potential deviations from the targeted 2x return, primarily due to the complex interplay of market volatility and compounding effects over extended periods. This strategy inherently carries a high level of risk and does not incorporate any defensive mechanisms to protect against downturns. As a result, SOFX could experience a significant decline in value over time, even during periods of robust performance by its underlying asset, SOFI. To secure its positions, the fund utilizes various collateral assets, including U.S. Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt. ### What is the expense ratio of SOFX? Daily Target 2X Long SOFI ETF (SOFX) charges an expense ratio of 1.33%. This is the annual fee deducted from fund assets to cover management and operations. ### Is SOFX a good long-term hold? SOFX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does SOFX's daily reset work? SOFX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is SOFX? Daily Target 2X Long SOFI ETF (SOFX) manages $50.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SOFX actively managed or an index fund? SOFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does SOFX pay a dividend? Daily Target 2X Long SOFI ETF (SOFX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SOFX pay dividends? Daily Target 2X Long SOFI ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SOFX's dividend yield? SOFX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is SOFX's next ex-dividend date? The most recently announced ex-dividend date for SOFX was 2025-12-30. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will SOFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.33% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SOFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SOFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SOFX cost more than a fund like VOO? SOFX is a leveraged fund (current expense ratio 1.33%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to SOFX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SOFX (1.33%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/sofx - Distribution history: https://www.dividenddata.com/funds/sofx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sofx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sofx/expenses - Peer comparison: https://www.dividenddata.com/funds/sofx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.