Key stats
About Simplify Aggregate Bond ETF
Expense ratio
0.29%
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Inception date
Feb 14, 2022
AGGH seeks to invest mainly in ETFs that hold US investment-grade bonds while mitigating credit risk. As the ticker suggests, the fund utilizes the iShares Core U.S. Aggregate Bond ETF (ticker: AGG) as its primary underlying exposure. The funds adviser selects ETFs providing similar exposure based on price, liquidity, trading volume, and a minimum five-year track record. ETFs considered may target bonds of different maturities, duration, and quality requirements. Up to 20% of the funds assets are tied to derivatives to execute several credit hedge strategies. Both exchange-traded and over-the-counter (OTC) options on equity indexes, ETFs, and swaps are used. Derivatives are selected based on cost, strike price, and maturity. AGGH expects to buy and sell derivatives on a monthly, quarterly and annual basis, depending on rebalancing requirements and expiration dates. Overall, the strategy is designed to help protect the core bond exposure when credit spreads widen.
Classification
What's in the fund
Exposure type
ETF
Securitized
Government
Bonds, Cash & Other100.00%
ETF67.98%
Securitized19.91%
Government11.30%
Cash0.64%
Futures0.17%
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