Fund Description
The Simplify Interest Rate Hedge ETF seeks to provide a hedge against a sharp increase in long-term interest rates. T he fund holds a large position in over-the-counter (OTC) interest rate options intended to provide a direct and transparent convex exposure to large upward moves in interest rates and interest rate volatility.Using OTC derivatives usually only available to institutional investors, PFIX is designed to be functionally similar to owning a position in long-dated put options on 20-year US Treasury bonds. Since the option position is held for extended periods the ETF provides a simple and transparent interest rate hedge.
Fund Profile
Fund Name Simplify Interest Rate Hedge ETF
Fund Exchange Ticker PFIX
Fund Sponsor Simplify ETF
Fund ISIN US82889N8552
Net Expense Ratio 0.50 %
Fund Inception Date 10 May 2021
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Treasury & Government
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 November 2021
Asset Under Management 121.77 Million (USD)
1 Month Total Return -1.60 %
Year To Date Return -20.84 %
1 Year Total Return
3 Year Annualized Total Return
NAV 39.28
Share Outstanding 3,100,000
Top 10 Holdings (24 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
T 0 3/4 04/30/26 Govt 0.5806079501
Cash CASH 0.4193920499
Derivatives offset OTHR 0.0492938724
SWAPTION 05/11/2028 P4.25 SWAP -0.0217408677
SWAPTION 05/12/2028 P4.25 SWAP -0.0196703380
SWAPTION 05/11/2028 P4.25 BOAML SWAP -0.0078826668