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Is SoFi Select 500 ETF (SFY) a Strong ETF Right Now?Zacks Investment Research · Aug 13, 2026This fund generally invests at least 80% of its total assets in the constituent securities of its tracking index. The index utilizes a systematic, rules-based approach to monitor the performance of 500 prominent U.S.-listed corporations. The weighting of these companies within the index is determined by a unique combination of their market capitalization and various core business attributes.