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RFIX

Simplify Downside Interest Rate Hedge Strategy ETF

as of 12/16/2024

NAV

$ 55.23

NAV Change

+ $ 0.11 /0.20%

Price

$ 56.38

Price 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.

Fund Overview

As of 12/16/2024

Ticker Symbol
RFIX
Gross Expense Ratio
0.50%
CUSIP
82889N376
Total Assets
$5,523,521.51
Shares Outstanding
100,001
Distribution Rate as of 12/16/2024 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.
-
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 12/16/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 12/16/2024
-
Portfolio Duration
N/A
Options Available
No
Inception Date
12/09/2024
Premium/Discount (%) as of 12/16/2024
2.07%
NAV Per Share as of 12/16/2024
$55.23
Market Price as of 12/16/2024
$56.38
30-Day Median Bid-Ask Spread
N/A
Bid/Ask
$56.15/$56.36
Midpoint Price
$56.26
Volume
1,813
NAV Symbol
RFIX.NV
IOPV Symbol
RFIX.IV
Shares Out. Symbol
RFIX.SO
Schedule K-1
No

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 0.50%
Distribution and Service (12b-1) Fees 0.00%
Total Annual Fund Operating Expenses 0.50%

Fund Performance

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

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV
Market Price
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV
Market Price
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Portfolio Holdings

Ticker Name Quantity Weight
- SWAPTION R 2.75%/SOFR 3/15/32 MS 100,000,000 -8.72%
T Bills UNITED STS TREAS BILLS 0.0 14JAN25 6,000,000 108.27%
- Estimated Cash 24,739 0.45%

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