Simplify Bond Bull ETF

Frequently Asked Questions About RFIX

What does RFIX invest in?

The Simplify Bond Bull ETF (RFIX) is structured to profit mainly from a decline in long-term interest rates and from heightened periods of instability in the bond market. It also aims to offer investors a potential source of income. The fund primarily achieves these objectives by holding over-the-counter (OTC) interest rate options with extended maturities, typically ranging from five to seven years. These derivatives are strategically used to provide direct, clear, and 'convex' exposure to falling interest rates – meaning the potential for significantly magnified gains as rates decrease. In essence, RFIX employs these OTC instruments to function much like owning call options with distant expiry dates on US Treasury bonds.

What is the expense ratio of RFIX?

Simplify Bond Bull ETF (RFIX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is RFIX's dividend yield?

RFIX's trailing-twelve-month yield is 4.60%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RFIX?

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

What is the credit quality of RFIX?

RFIX'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 RFIX?

Yield to maturity (YTM) is the total return you'd earn from RFIX if every bond in the portfolio is held to maturity at the current price. RFIX'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.