Simplify Intermediate Term Treasury Futures Strategy ETF

Frequently Asked Questions About TYA

What does TYA invest in?

The Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) aims to generate a total return, prior to fees and expenses, that matches or exceeds the performance of the ICE US Treasury 20+ Year Index on a calendar quarter basis. The Fund's investment objective is strictly measured over a complete calendar quarter and is not intended for different timeframes. TYA achieves this by targeting the duration of the ICE 20+ Year US Treasury Index through investments in 10-Year US Treasury futures contracts, positioned in the intermediate section of the yield curve. This strategy is structured to deliver significant duration exposure with a modest capital outlay, while also seeking to harness yield curve efficiencies from the belly of the curve. Investors can employ TYA as an alternative to less efficient long-duration holdings, to boost the capital efficiency of intermediate duration portfolio allocations, or as a foundational component within advanced portfolio designs like risk parity strategies.

What is the expense ratio of TYA?

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

What is TYA's dividend yield?

TYA's trailing-twelve-month yield is 3.84%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TYA?

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

What is the credit quality of TYA?

TYA'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 TYA?

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