Simplify Interest Rate Hedge ETFSimplify Interest Rate Hedge ETFSimplify Interest Rate Hedge ETF

Simplify Interest Rate Hedge ETF

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Key stats


Assets under management (AUM)
‪156.13 M‬USD
Fund flows (1Y)
‪28.15 M‬USD
Dividend yield (indicated)
8.66%
Discount/Premium to NAV
1.2%

About Simplify Interest Rate Hedge ETF


Issuer
Simplify Asset Management, Inc.
Brand
Simplify
Expense ratio
0.50%
Home page
Inception date
May 10, 2021
Index tracked
No Underlying Index
Management style
Active
PFIX provides a tactical tool for investors that provides similar exposure to that of owning a long-dated put position on 20-year US Treasury bonds. A large portion of the portfolio is expected to be held in a swaption contract based on OTC interest rate contracts. A swaption allows more flexibility in managing option terms. The option term and rate maturity are chosen to maximize convexity and minimize cost of ownership. The fund manager will be reset the option terms after extended periods of time or extreme rate moves. The fund also invests in US Treasurys, US Treasury TIPS or exchange-traded funds providing similar exposure, to provide some potential income.

Classification


Asset Class
Alternatives
Category
Tactical tools
Focus
Spreads
Niche
Inflation
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 19, 2024
Exposure type
Bonds, Cash & Other
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government85.96%
Rights & Warrants13.67%
Mutual fund0.31%
Cash0.06%
Miscellaneous0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows