Key stats
About Simplify Bond Bull ETF
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Inception date
Dec 9, 2024
Structure
Open-Ended Fund
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.
RFIX is a tactical tool designed to provide exposure akin to holding a long-dated call position on US Treasury bonds. The objective is to offset the impact of falling long-term interest rates while capitalizing on periods of market stress or heightened volatility. The fund allocates 5% to 30% of its portfolio to derivatives, including swaptions, interest rate options, and Treasury futures based on OTC interest rate contracts. Derivative selection focuses on maximizing convexity and minimizing the cost of ownership. The fund manager will reset the derivative exposure after extended periods or extreme rate moves. To secure these positions, it holds US Treasury securities, money market funds, fixed-income ETFs, and investment-grade corporate debt as collateral. The fund limits OTC counterparty exposure to 25%. Lastly, investments also include US Treasurys, TIPS, and ETFs with 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
Bonds, Cash & Other100.00%
Government99.80%
Cash0.20%
Top 10 holdings
Dividends
Dividend payout history