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BUCKSimplify Treasury Option Income ETF

Get income3y track recordRanked #419 of 1,650 in this goal

Seeks to provide monthly income.

By Simplify Asset Management · Launched 2022

Annual Cost

0.35%

#1,644 of 5,854 · low cost

Fund Size

$471M

#1,640 of 5,854 · large

Dividend YieldGoal

7.32%

Track Record

3 years

#2,765 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,615+6.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 99.9% of fundconcentrated

Simplify Exchange Traded Funds
99.7%
DREYFUS TRSY OBLIG CASH MDTRXX
0.2%
CHICAGO BOARD OF TRADEZBM6
0.0%
CHICAGO BOARD OF TRADEZBM6
0.0%
CHICAGO BOARD OF TRADEZBM6
0.0%
CHICAGO BOARD OF TRADEZBM6
0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.OZBK6 C1200
-0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.OZBK6 C1190
-0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.OZBK6 P1090
-0.0%
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.OZBM6 P1060
-0.0%

Asset allocation

Cash
68.9%
Bonds
31.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.6%Low

Year-on-year price swings

Max drawdown
-5.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.43Below average
Sortino (3Y)
0.57Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide monthly income.
Strategy
Actively manages a portfolio primarily invested in U.S. Treasury securities and employs an income generating option strategy to enhance yield. Focuses on generating monthly income while managing interest rate risk.
Inception date
October 27, 2022
Fund family
Simplify Asset Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03