ETF Research Center

SoFi Weekly Dividend ETF

ALTAR
Score™

7.7%

Recommen-
dation

OVERWEIGHT

2024E 2025E
P/E ratio	12.6x	P/Sales ratio	1.5x
P/BV ratio	1.7x	Div. yield	3.6%

Description
Performance
Comps
Fundamentals
Valuation
Rating

WKLY tracks a market-cap-weighted index of dividend-paying developed market companies screened for dividend sustainability. It is the first equity ETF to provide weekly income to shareholders.

FUND BASICS
Category	US Equities
Fund Sponsor	Toroso Investments
Website	www.sofi.com
Inception date	May 11, 2021
Assets (mns)	$11
Currency	USD
Expense ratio	49 bp
Distributions	Weekly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	373
Wgt avg mkt cap (mns)	$168,980
Large cap (>$10bn)	95.9%
Mid cap ($2-10bn)	3.9%
Small cap (<$2bn)	0.0%
Developed mkts	99.9%
Emerging mkts	0.1%

TOP TEN HOLDINGS
Total	25.6 %
BROADCOM INC.	4.0 %
JPMORGAN CHASE & CO	3.9 %
EXXON MOBIL CORP	3.2 %
JOHNSON & JOHNSON	2.8 %
PROCTER & GAMBLE CO/THE	2.8 %
CHEVRON CORP	2.1 %
TOYOTA MOTOR CORP	1.9 %
BANK OF AMERICA CORP	1.7 %
NOVARTIS AG	1.5 %
CISCO SYSTEMS INC	1.5 %

TOP COUNTRY EXPOSURE
	UNITED STATES	51.6 %
	JAPAN	11.2 %
	CANADA	6.0 %
	BRITAIN	5.0 %
	SWITZERLAND	4.8 %
	FRANCE	4.8 %
	GERMANY	3.4 %
	AUSTRALIA	3.2 %
	SPAIN	1.4 %
	SINGAPORE	1.3 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru January 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
0.2%	4.6%	--	--	2.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.77	79%
MSCI EAFE	0.85	88%
MSCI Emg. Mkts.	0.61	48%

Technical Indicators
Recent close	$49.41
30d moving avg.	$46.43
Annualized volatility	16.0%
Short interest (ETF)	1.3%
Relative strength (RSI)	71

Liquidity measures
Avg. volume (thou.)	5
Turnover	2.2%
Bid/Ask (% of price)	0.14%
ADV underlying (mns)	$55,235

Distributions

There were no matches found with other funds under coverage.

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RESULTS & ESTIMATES

	2019	2020	2021	2022	2023	2024E	2025E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2023	2024E	2025E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	SoFi Weekly Dividend ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	13.2	%
Divided by: Fwd. P/BV	1.6	x
Less: Expense ratio	49	bp
Equals: ALTAR Score	7.7	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.63	CATEGORY AVERAGE	1.58

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.