Key stats
About Simplify Interest Rate Hedge ETF
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Inception date
May 10, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Rights & Warrants
Bonds, Cash & Other100.00%
Government81.43%
Rights & Warrants18.13%
Mutual fund0.38%
Cash0.06%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PFIX top holdings are United States Treasury Bills 0.0% 05-AUG-2025 and United States Treasury Notes 0.25% 30-SEP-2025, occupying 28.63% and 26.84% of the portfolio correspondingly.
PFIX last dividends amounted to 0.15 USD. The month before, the issuer paid 0.15 USD in dividends,
PFIX assets under management is 166.64 M USD. It's risen 35.60% over the last month.
PFIX fund flows account for −2.13 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PFIX pays dividends to its holders with the dividend yield of 3.27%. The last dividend (May 30, 2025) amounted to 0.15 USD. The dividends are paid monthly.
PFIX shares are issued by Simplify Asset Management, Inc. under the brand Simplify. The ETF was launched on May 10, 2021, and its management style is Active.
PFIX expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
PFIX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFIX invests in bonds.
PFIX price has risen by 11.85% over the last month, and its yearly performance shows a 13.89% increase. See more dynamics on PFIX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.89% over the last month, showed a 23.92% increase in three-month performance and has increased by 14.73% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.89% over the last month, showed a 23.92% increase in three-month performance and has increased by 14.73% in a year.
PFIX trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.