SoFi Enhanced Yield ETF

Frequently Asked Questions About THTA

What does THTA invest in?

The SoFi Enhanced Yield ETF (THTA) aims to deliver a boosted yield for investors. It achieves this by combining two distinct investment approaches: holding U.S. Treasury Bills and/or Bonds, and employing a "credit spread" option strategy. The fund's net assets are generally allocated with 95-100% in U.S. Treasury securities and 2-5% in cash or cash equivalents. Additionally, it incorporates credit spread options, which can constitute up to 90% of its strategic exposure. ZEGA Financial, LLC, the fund's sub-adviser, is responsible for managing the portfolio of U.S. Treasury Bills and/or Bonds. They target an average portfolio duration of approximately one year, anticipating that these holdings will generate both annual interest income and capital appreciation. It's important to note that this fund is classified as non-diversified.

What is the expense ratio of THTA?

SoFi Enhanced Yield ETF (THTA) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations.

What is THTA's dividend yield?

THTA's trailing-twelve-month yield is 10.43%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of THTA?

Effective duration measures THTA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. THTA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of THTA?

THTA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of THTA?

Yield to maturity (YTM) is the total return you'd earn from THTA if every bond in the portfolio is held to maturity at the current price. THTA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.