RFIX
Simplify Downside Interest Rate Hedge Strategy ETF
as of 12/16/2024
NAV
$ 55.23NAV Change
+ $ 0.11 /0.20%Price
$ 56.38Price Change
+ $ 0.50 /0.89%The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) seeks to hedge interest rate movements arising from falling long-term interest rates, and to benefit from market stress when fixed income volatility increases, while providing the potential for income.
The fund primarily holds a position in long-term expiry (5-year to 7-year) over-the-counter (OTC) interest rate options intended to provide a direct, transparent, and convex exposure to downward moves in interest rates.
Using OTC derivatives, RFIX is designed to be functionally similar to owning a position in long-dated call options on US Treasury bonds.
The fund primarily holds a position in long-term expiry (5-year to 7-year) over-the-counter (OTC) interest rate options intended to provide a direct, transparent, and convex exposure to downward moves in interest rates.
Using OTC derivatives, RFIX is designed to be functionally similar to owning a position in long-dated call options on US Treasury bonds.