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SoFi Next 500 ETF
SFYX (SoFi Next 500 ETF) is an index US Equity ETF by SoFi. With a 0.06% MER, it provides diversified exposure through 74 holdings. Semi-annual distribution with a 1.39% yield.
SFYX by SoFi is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.06% 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).