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 28 June 2022
Asset Under Management 322.46 Million (USD)
1 Month Total Return 17.83 %
Year To Date Return 60.72 %
1 Year Total Return 45.70 %
3 Year Annualized Total Return
NAV 61.13
Share Outstanding 5,275,000
Top 10 Holdings (28 June 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash CASH 0.5050708598
T 0 3/4 04/30/26 Govt BOND 0.4949254456
SWAPTION 05/12/2028 P4.25/3ML GSX SWAP 0.0978925734
SWAPTION 05/11/2028 P4.25/3ML BOAML SWAP 0.0841076976
SWAPTION 05/11/2028 P4.25/3ML MSX SWAP 0.0712540396
SWAPTION 05/11/2028 P4.00/SOFR MS SWAP 0.0309694210
SWAPTION 05/11/2028 P4.00/SOFR BOA SWAP 0.0238644171
SWAPTION 05/11/2028 P4.00/SOFR GSX SWAP 0.0131894284
SWAPTION 05/11/2028 P4.00/SOFR BARC SWAP 0.0080484675
RECV IRS 2.11 5/15/48 0.0000412234