MTBA Simplify MBS ETF
The Simplify MBS ETF (MTBA) seeks to provide total return, consistent with the preservation of capital and prudent investment management.
The fund will invest in mortgage-backed securities (MBS), which provide attractive yields versus comparable US Treasuries while carrying little to no credit risk.
MTBA will focus on buying newer MBS, which have provided higher coupons as well as higher yield to maturity compared to the MBS which comprise the Bloomberg U.S. MBS Index.
The fund will invest in mortgage-backed securities (MBS), which provide attractive yields versus comparable US Treasuries while carrying little to no credit risk.
MTBA will focus on buying newer MBS, which have provided higher coupons as well as higher yield to maturity compared to the MBS which comprise the Bloomberg U.S. MBS Index.
Fund Overview
As of 06/25/2026
Ticker Symbol
MTBA
Gross Expense Ratio
0.25%
Net Expense Ratio
0.15%
CUSIP
82889N525
Total Assets
$1,546,951,018.03
Shares Outstanding
31,450,001
Distribution Rate as of 05/31/2026
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.
Distribution Rate Close
Distribution rate calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution rate.5.85%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2026
3.79%
30-Day SEC Yield (Unsubsidized) as of 05/31/2026
3.69%
Portfolio Duration
4.00
Options Available
No
Inception Date
11/06/2023
Premium/Discount (%) as of 06/25/2026
0.03%
NAV Per Share as of 06/25/2026
$49.19
Market Price as of 06/25/2026
$49.20
30-Day Median Bid-Ask Spread
0.02%
Bid/Ask
$49.19/$49.20
Midpoint Price
$49.20
Volume
80,481
NAV Symbol
MTBA.NV
IOPV Symbol
MTBA.IV
Shares Out. Symbol
MTBA.SO
Schedule K-1
No
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
Management Fees
This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.
| Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
|---|---|
| Management Fees | 0.25% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Total Annual Fund Operating Expenses | 0.25% |
| Fee Waiver1 | (0.10%) |
| Total Annual Fund Operating Expenses After Fee Waiver | 0.15% |
1. The Fund’s adviser has contractually agreed, through at least October 31, 2026, to waive its management fees to 0.15% of the Fund’s average daily net assets.
Fund Performance (Total Return)
As of 05/31/2026 03/31/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | 0.13% | -1.27% | 0.52% | -0.02% | 5.32% | — | — | 14.23% |
| Market Price | 0.14% | -1.41% | 0.38% | -0.05% | 5.21% | — | — | 13.88% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 5.32% | — | — | 5.32% |
| Market Price | 5.21% | — | — | 5.20% |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 4.83% | — | — | 13.65% |
| Market Price | 4.77% | — | — | 13.44% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 4.83% | — | — | 5.48% |
| Market Price | 4.77% | — | — | 5.40% |
| Calendar Year | NAV | Market Price |
|---|---|---|
| 2025 | 7.84% | 7.77% |
| 2024 | 2.19% | 1.99% |
| 2023 | — | — |
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
Growth of $10,000
The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Portfolio Holdings
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| FNCL | FANNIE MAE POOL 7.0 25JUL54 TBA | 44,700,000 | 3.05% |
| FNCL | FANNIE MAE POOL 5.5 25JUL56 TBA | 418,750,016 | 27.22% |
| FNCL | FANNIE MAE POOL 5.0 25JUL54 TBA | 377,800,000 | 24.09% |
| FNCL | FANNIE MAE POOL 6.0 25JUL41 TBA | 307,249,984 | 20.30% |
| FNCL | FANNIE MAE POOL 4.5 25JUL56 TBA | 218,900,000 | 13.63% |
| FNCL | FANNIE MAE POOL 6.5 25JUL41 TBA | 122,800,000 | 8.22% |
| FNCL | FEDERAL NATL MTG AS 4.0 25JUL54 TBA | 69,200,000 | 4.21% |
| FNCL | FANNIE MAE OR FREDD 3.5 25JUL56 TBA | 13,100,000 | 0.77% |
| SBIL | SIMPLIFY E GOVT MONEY MKT ETF | 14,608,438 | 94.45% |
| T Bills | UNITED STS TREAS BILLS 0.0 20AUG26 | 15,138,000 | 0.97% |
| T Bills | UNITED STS TREAS BILLS 0.0 01SEP26 | 21,950,000 | 1.41% |
| T Bills | UNITED STS TREAS BILLS 0.0 03DEC26 | 44,902,000 | 2.85% |
| - | Estimated Cash | 4,824,244 | 0.31% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.23000 | |||
| $0.24000 | |||
| $0.24000 | |||
| $0.24000 |
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions.
They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus
not reflective of the tax information investors should expect. S19 reports are posted for regulatory
requirements only.
