Stock Taper
EXCHANGE TRADED FUND

PFIX

Simplify Interest Rate Hedge ETF
$61.72 ▼ 2.67%
−$1.69 TODAY

FUND FACTS

Manager Simplify
Assets $243.25M
Expense ratio 0.50%
Inception May 10, 2021
Asset class Fixed Income
Holdings 0
Volume 756.9K
Avg volume 250.01K

ABOUT THIS FUND

The Simplify Interest Rate Hedge ETF (PFIX) is designed to mitigate the impact of ascending long-term interest rates and capitalize on periods of elevated market stress characterized by increased fixed income volatility. The fund achieves this by holding substantial positions in over-the-counter (OTC) interest rate options. These options are specifically chosen to provide a direct, transparent, and convex upside from significant increases in both interest rates and their inherent volatility. PFIX offers retail investors access to sophisticated OTC derivatives, instruments traditionally reserved for institutional players. In essence, it is designed to function similarly to holding long-dated put options on 20-year US Treasury bonds. By maintaining these option exposures for an extended duration, the ETF delivers a clear and uncomplicated solution for interest rate hedging.

PRICE

$61.72 ▼ DOWN 2.67% (−$1.69)
$62.25$63.009:30 AM10:35 AM11:40 AM12:44 PM1:49 PM2:54 PM3:59 PM61.72

HOLDINGS

TOP 0 · 0.00% OF THE FUND
RANK STOCK WEIGHT SHARES VALUE

SECTOR HOLDINGS

TECHNOLOGY IS 88.13% OF THE FUND
Cash & Others 88.13%
Financial Services 11.87%

BY REGION

UNITED STATES IS 63.58% OF THE FUND
United States 63.58%
— Other 36.42%