Simplify Treasury Option Income ETF

Frequently Asked Questions About BUCK

What does BUCK invest in?

The fund’s investment adviser seeks to fulfill the fund’s investment objective by using two income strategies: (1) an interest income strategy and (2) an income generating option strategy. The fund invests primarily in interest income producing U.S. Treasury securities such as bills, notes, and bonds and fixed income ETFs that invest primarily in U.S. Treasuries. To generate additional income, the fund employs an option spread writing strategy on equity ETFs and fixed income ETFs.

What is the expense ratio of BUCK?

Simplify Treasury Option Income ETF (BUCK) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is BUCK's distribution yield?

BUCK's trailing-twelve-month yield is 7.03%, calculated from the sum of distributions over the past year divided by the current price.

How does BUCK's covered-call strategy work?

BUCK sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of BUCK?

Effective duration measures BUCK's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BUCK's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BUCK?

BUCK's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.