# Simplify Bond Bull ETF (RFIX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rfix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Simplify · Asset class: Fixed Income - Strategy: Thematic · Inception: 2024-12-09 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. I... ## Key Facts | Metric | Value | |---|---| | Price | $34.65 | | Expense Ratio | 0.50% | | Assets Under Management | $39.8M | | NAV | $35.36 | | Holdings Count | 11 | | Distribution Yield (TTM) | 4.71% | | Annual Distribution (TTM) | $1.63 /share | | Distribution Frequency | Monthly | | 52-Week Range | $34.42 – $45.79 | | Beta | -0.20 | ## Latest Distribution - Amount: $0.1500 /share - Ex-date: 2026-09-25 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 4.71%, 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. ### Does RFIX pay a dividend? Yes, Simplify Bond Bull ETF (RFIX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.71%. Full dividend history is on this page. ### How often does RFIX pay dividends? Simplify Bond Bull 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 RFIX's next ex-dividend date? The most recently announced ex-dividend date for RFIX was 2026-09-25. 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 RFIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% 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 RFIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RFIX'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 RFIX cost more than a fund like VOO? RFIX's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where RFIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to RFIX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RFIX (0.50%) 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/rfix - Distribution history: https://www.dividenddata.com/funds/rfix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rfix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rfix/expenses - Peer comparison: https://www.dividenddata.com/funds/rfix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.