Simplify Short Term Treasury Futures Strategy ETF

Frequently Asked Questions About TUA

What does TUA invest in?

The Simplify Short Term Treasury Futures Strategy ETF (TUA) endeavors to generate a total return, prior to expenses and fees, that at least equals, or ideally exceeds, the performance of the ICE US Treasury 7-10 Year Bond Index. This performance target is strictly evaluated and pursued on a quarterly calendar cycle, and not across alternative time horizons. The fund's approach involves strategically deploying investments in Treasury futures, concentrating on the shorter end of the yield curve, to mirror the duration characteristics of the 7-10 Year US Treasury Index. It is structured to achieve substantial duration exposure using a comparatively small capital outlay. Concurrently, it aims to capitalize on the yield curve's efficiencies present at the short end, specifically through the utilization of 2-Year US Treasury futures contracts. TUA offers several applications, including serving as a more efficient substitute for less effective intermediate duration assets, enhancing the capital efficiency within shorter duration portfolio segments, or functioning as a foundational component in advanced portfolio strategies, such as risk parity models.

What is the expense ratio of TUA?

Simplify Short Term Treasury Futures Strategy ETF (TUA) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.

What is TUA's dividend yield?

TUA's trailing-twelve-month yield is 3.37%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TUA?

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

What is the credit quality of TUA?

TUA'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 TUA?

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