Fund Details
| Ticker | SOF |
| Inception | 11/15/2023 |
| Primary Exchange | NYSE Arca |
| CUSIP | 032108672 |
| Net Assets | TBD |
| Shares Outstanding | |
| # of Holdings (view all holdings) | TBD |
| Expense Ratio: | 0.20% |
Three Reasons to Own SOF:
- Regular Monthly Income Potential: Seeks to provide investors with monthly income equal to the Secured Overnight Financing Rate (SOFR) after fees and expenses.
- Reduced Risk Exposure: Higher yield potential and total return advantage over cash portfolios with a minimal increase in duration risk by limiting yield curve exposure.
- Institutional Active Management: Professionally managed by institutional asset manager Samsung Asset Management (New York).
What is SOFR?
The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities.1
1New York Fed https://www.newyorkfed.org/markets/reference-rates/sofr
Samsung Asset Management is the leading asset manager in Korea with 25 years of experience. Since their founding in 1998, Samsung Asset Management has been creating an investment culture aligned with their philosophy to provide a successful investing experience for their global network of clients.
Objective and Strategy
SOF is an actively managed ETF to provide current monthly income and reduce risk exposure. SOF seeks to closely replicate the performance of the Secured Overnight Financing Rate (SOFR), as published by the Federal Reserve Bank of New York.
Yield
| Distribution Frequency | Monthly | 30-Day SEC Yield** | N/A | |
| Distribution Rate* | N/A | |||
* The Distribution Rate is computed as the normalized current distribution (annualized) over NAV per share. In addition to net interest income, distributions may include capital gains and return of capital (ROC). Please click here for more information.
** 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the income earned from dividends – excluding option income – during the period after deducting the Fund’s expenses for the period.
NAV and Market Price
| Previous Day's NAV | Previous Day's Market Price | |||
|---|---|---|---|---|
| Net Asset Value | N/A | Closing Price | N/A | |
| Daily Change | N/A | Daily Change | N/A | |
| % Daily Change | N/A | % Daily Change | N/A | |
| 30-Day Median Bid/Ask Spread | N/A | Premium/Discount % | N/A | |
| Premium Discount History | ||||
Daily Price/NAV Performance
Fund Holdings
| TOP STRATEGIC HOLDINGS | |||
|---|---|---|---|
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Sector Allocation
Market Capitalization
| LARGE CAP (> $10B): | N/A |
| MID CAP ($2B - $10B): | N/A |
| SMALL CAP ($300M - < $2B): | N/A |
| MICRO CAP (<$300M): |
Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security.
Performance
| CUMULATIVE (%) | ANNUALIZED (%) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Mo. | 3 Mo. | 6 Mo. | YTD | Since Inception (11/15/23) |
1 Yr. | 3 Yr. | 5 Yr. | Since Inception (11/15/23) |
|
| Month end as of TBD | |||||||||
| Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Quarter end as of TBD | |||||||||
| Fund NAV | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Closing Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Brokerage commissions will reduce returns. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price or market price is the most recent price at which the fund was traded.
Premium/Discount
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund's daily net asset value ("NAV"). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
This is your Counts mockup
| Calendar Year | Calendar Year through | |
|---|---|---|
| Days traded at premium | N/A | N/A |
| Days traded at net asset value | N/A | N/A |
| Days traded at discount | N/A | N/A |
SOF Distributions
| EX-DATE | RECORD DATE | PAYABLE DATE | AMOUNT |
|---|---|---|---|
|
2023 |
|||
|
2024 |
|||
| 1/29/24 | 1/30/24 | 1/31/24 | $0.44753 |
| 2/27/24 | 2/28/24 | 2/29/24 | $0.42323 |
| 3/26/24 | 3/27/24 | 3/28/24 | $0.44577 |
| 4/26/24 | 4/29/24 | 4/30/24 | |
| 5/30/24 | 5/30/24 | 5/31/24 | |
| 6/27/24 | 6/27/24 | 6/28/24 | |
| 7/30/24 | 7/30/24 | 7/31/24 | |
| 8/29/24 | 8/29/24 | 8/30/24 | |
| 9/27/24 | 9/27/24 | 9/30/24 | |
| 10/30/24 | 10/30/24 | 10/31/24 | |
| 11/27/24 | 11/27/24 | 11/29/24 | |
| 12/27/24 | 12/27/24 | 12/31/24 | |
There is no guarantee that distributions will be made.
Investing involves risk, including the possible loss of principal. You could lose money by investing in the Fund. There can be no assurance that the Fund’s investment objectives will be achieved. The Fund is new with limited history to evaluate. There is no assurance that SOFR, or rates derived from SOFR, will perform in the same or similar way as other more established rates would have performed at any time. The Fund’s use of financial instruments involving counterparties, including swap arrangements, involves risks that are different from those associated with ordinary portfolio securities transactions. The Fund expects to invest principally in repos (Repurchase Agreements). If the seller fails to repurchase the security and the market value of the security declines, the Fund may lose money.
There is risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. The Fund may hold certain investments that may trade over-the-counter, trade in limited volume, or lack an active trading market. The Fund is subject to management risk because it is an actively managed portfolio. The Fund currently has fewer assets than larger funds, and like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. Because the Fund is non-diversified, it can invest a greater portion of its assets in securities of individual issuers so that changes in the market value could cause greater fluctuations in Share price than would occur in a diversified fund.
Amplify Investments LLC is the Investment Adviser to the Fund, and Samsung Asset Management (New York), Inc. serves as the Investment Sub-Adviser.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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