SoFi Social 50 Income ETF (SFYI)

The SoFi Social 50 Income ETF is an exchange-traded fund associated with SoFi, the San Francisco-based digital personal finance company. It builds on the Social 50 concept, which centers on the 50 stocks most widely held by investors on SoFi's platform.

As the name indicates, this version adds an income objective to that equity exposure, generally pursued through an options-based strategy that generates premium income. Such option overlays can provide regular distributions but tend to limit participation in sharp price gains of the underlying stocks.