Key stats
About Simplify Interest Rate Hedge ETF
Home page
Inception date
May 10, 2021
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.
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%
Government80.75%
Rights & Warrants19.05%
Mutual fund0.13%
Cash0.08%
Miscellaneous−0.01%
Top 10 holdings
Dividends
Dividend payout history