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MTBA

Simplify MBS ETF

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as of 12/20/2024

NAV

$ 49.92

NAV Change

+ $ 0.14 /0.28%

Price

$ 49.90

Price Change

+ $ 0.15 /0.30%
The Simplify MBS ETF (MTBA) seeks to provide total return, consistent with the preservation of capital and prudent investment management.

The fund will invest in mortgage-backed securities (MBS), which provide attractive yields versus comparable US Treasuries while carrying little to no credit risk.

MTBA will focus on buying newer MBS, which have provided higher coupons as well as higher yield to maturity compared to the MBS which comprise the Bloomberg U.S. MBS Index.
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Documents

MTBA Fund Deep Dive

MTBA Fund Deep Dive Live

Fund Overview

As of 12/20/2024

Ticker Symbol
MTBA
Gross Expense Ratio
0.27%
Net Expense Ratio
0.17%
CUSIP
82889N525
Total Assets
$1,605,623,192.02
Shares Outstanding
32,325,001
Distribution Rate as of 11/30/2024 Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
5.95%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 11/30/2024 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
4.60%
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
4.50%
Portfolio Duration
4.92
Options Available
No
Inception Date
11/06/2023
Premium/Discount (%) as of 12/20/2024
-0.04%
NAV Per Share as of 12/20/2024
$49.92
Market Price as of 12/20/2024
$49.90
30-Day Median Bid-Ask Spread
0.02%
Bid/Ask
$49.90/$49.91
Midpoint Price
$49.91
Volume
281,049
NAV Symbol
MTBA.NV
IOPV Symbol
MTBA.IV
Shares Out. Symbol
MTBA.SO
Schedule K-1
No


The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.25%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.02%
Total Annual Fund Operating Expenses 0.27%
Fee Waiver2 (0.10%)
Total Annual Fund Operating Expenses After Fee Waiver 0.17%
1. Other Expenses include interest expenses of 0.02%.

2. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fees to 0.15% of the Fund’s average daily net assets.

Fund Performance

As of 11/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.28% -0.16% 3.53% 3.18% 5.31% 6.98%
Market Price 1.22% -0.27% 3.27% 2.95% 5.05% 6.71%
Annualized 1 Year 3 Year Since Inception
NAV 5.31% — 6.53%
Market Price 5.05% — 6.30%
Cumulative 1 Year Since Inception
NAV — 8.03%
Market Price — 7.89%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
34
57
Days Traded at Discount
3
7
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Portfolio Holdings

As of 12/20/2024

Holdings - All ETFs
Ticker Name Quantity Weight
FNCL FNCL 5.5 1/24 1,107,500,032 68.10%
FNCL FNCL 5.00% 01/01/40 TBA 30YR 508,750,016 30.61%
T Bills UNITED STS TREAS BILLS 0.0 16JAN25 1,636,649,984 101.65%
- Estimated Cash -26,408,181 -1.64%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
$0.24822
$0.25000
$0.25000
$0.25000
$0.25000
This Fund is required to meet the reporting requirement of Section 19(a) of the Investment Company Act of 1940 where the payment of any distribution is to be accompanied by a written notice that discloses the sources of a payment if it is made from any source other than the Fund's net income. The distribution may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notice for additional details regarding the distribution composition, once it is available.
View Distribution History
Supplemental Tax Information: S19(a) Notices

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