# Simplify MBS ETF (MTBA): ETF Facts & Distributions

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- Issuer: Simplify · Asset class: Fixed Income
- Strategy: Passive Index · Inception: 2023-11-06

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...

## Key Facts

| Metric | Value |
|---|---|
| Price | $47.40 |
| Expense Ratio | 0.25% |
| Assets Under Management | $908.0M |
| NAV | $47.60 |
| Holdings Count | 9 |
| Distribution Yield (TTM) | 6.12% |
| Annual Distribution (TTM) | $2.90 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $46.53 – $50.80 |
| Beta | 0.12 |

## Latest Distribution

- Amount: $0.2300 /share
- Ex-date: 2026-10-27
- Pay date: 2026-10-30

## Frequently Asked Questions

### 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 6.12%, 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.

### Does MTBA pay a dividend?

Yes, Simplify MBS ETF (MTBA) distributes dividends to shareholders. The trailing-twelve-month yield is 6.12%. Full dividend history is on this page.

### How often does MTBA pay dividends?

Simplify MBS ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is MTBA's next ex-dividend date?

The most recently announced ex-dividend date for MTBA was 2026-10-27. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will MTBA's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.25% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does MTBA charge its expense ratio?

The expense ratio is deducted in tiny daily slices from MTBA's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does MTBA cost more than a fund like VOO?

MTBA is a passive index fund (current expense ratio 0.25%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM).

### Are there cheaper alternatives to MTBA?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MTBA (0.25%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/mtba
- Distribution history: https://www.dividenddata.com/funds/mtba/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/mtba/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/mtba/expenses
- Peer comparison: https://www.dividenddata.com/funds/mtba/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.