Simplify MBS ETF

Frequently Asked Questions About MTBA

What does MTBA invest in?

The Simplify MBS ETF (MTBA) endeavors to generate total investment returns while upholding capital preservation and sound financial stewardship. This fund allocates its assets primarily to mortgage-backed securities (MBS), which are recognized for offering attractive yields when compared to similar U.S. Treasury instruments, coupled with very limited to no credit risk. A key element of MTBA's strategy involves concentrating on more recently issued MBS, as these have historically provided superior coupon rates and higher yields to maturity in contrast to the MBS that constitute the Bloomberg U.S. MBS Index.

What is the expense ratio of MTBA?

Simplify MBS ETF (MTBA) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is MTBA's dividend yield?

MTBA's trailing-twelve-month yield is 6.11%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MTBA?

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

What is the credit quality of MTBA?

MTBA'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.

What is the yield to maturity of MTBA?

Yield to maturity (YTM) is the total return you'd earn from MTBA if every bond in the portfolio is held to maturity at the current price. MTBA's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.