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SoFi Select 500 ETF
SFY (SoFi Select 500 ETF) is an active US Equity ETF by SoFi. With a 0.05% MER, it provides diversified exposure through 74 holdings. Semi-annual distribution with a 0.90% yield.
SFY is actively managed by SoFi's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.05% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).