PFIXSimplify Interest Rate Hedge ETF

Diversifier5y track recordRanked #29 of 240 in this goal

Seeks to hedge against rising long-term interest rates and benefit from market stress while providing potential income.

By Simplify Asset Management · Launched 2021

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$231M

#2,199 of 5,562 · mid-size

Return (1Y)Goal

-14.1%

Track Record

5 years

#2,373 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$8,526-14.7%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Tactical allocation

What it actually holds

By weight

Concentration

Top 10 holdings = 100.2% of fundconcentrated

TREASURY BILL

15.8%

Simplify Government Money Market ETF

15.8%

TREASURY BILL

14.8%

TREASURY BILL

14.3%

TREASURY BILL

11.8%

TREASURY BILL

10.6%

MORGAN STANLEY & CO. INTERNATIONAL PLC

10.0%

GOLDMAN SACHS INTERNATIONAL

3.7%

GOLDMAN SACHS INTERNATIONAL

1.7%

GOLDMAN SACHS INTERNATIONAL

1.6%

Asset allocation

Cash

79.0%

Bonds

23.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

29.1%High

Year-on-year price swings

Max drawdown

-36.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)

0.43Below average

Sortino (3Y)

0.65Moderate downside risk

Bond profile

Avg maturity

9.9 years

Credit ratings

US Government

82.5%

81.9%

Other

18.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to hedge against rising long-term interest rates and benefit from market stress while providing potential income.
Strategy: Invests approximately equally in interest rate derivatives and income-producing debt instruments. Uses swaptions, interest rate options, and Treasury futures to hedge against rising rates, while also investing in U.S. Treasury securities and investment-grade bonds for income.
Inception date: May 10, 2021
Fund family: Simplify Asset Management