TYA

Simplify Intermediate Term Treasury Futures Strategy ETF

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as of 11/25/2022

NAV

$ 15.70

NAV Change

- $ 0.02 /0.13%

Price

$ 15.69

Price Change

- $ 0.03 /0.19%
The Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) seeks to provide total return, before fees and expenses, that matches or outperforms the performance of the ICE US Treasury 20+ Year Index on a calendar quarter basis. The Fund does not seek to achieve its stated investment objective over a period of time different than a full calendar quarter. 

The fund looks to target the duration of the ICE 20+ Year US Treasury Index by investing in Treasuries and Treasury futures in the intermediate portion of the curve.  The fund is designed to provide significant duration from only a modest capital allocation while simultaneously attempting to harvest yield curve efficiencies from the belly of the curve.

The fund can be used as a replacement for less efficient long duration holdings, as a means of increasing capital efficiency of intermediate duration portfolio allocations, or as a building block within innovative portfolio solutions such as risk parity.
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Documents

Fund Overview

As of 11/25/2022

Ticker Symbol
TYA
Gross Expense Ratio
0.25%
Net Expense Ratio
0.15%
CUSIP
82889N798
Total Assets
$35,325,614.70
Shares Outstanding
2,250,001
SEC 30-Day Yield as of 10/31/2022 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
3.12%
Unsubsidized 30-Day SEC Yield as of 10/31/2022
3.01%
Distribution Frequency
Monthly
Distribution Yield as of 10/31/2022 Distribution yield 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 yield.
Distribution Yield Close
Distribution yield 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 yield.
4.91%
Options Available
No
Inception Date
09/27/2021
Premium/Discount (%) as of 11/25/2022
-0.07%
NAV
$15.70
NAV Per Share as of 11/25/2022
$15.70
Market Price as of 11/25/2022
$15.69
30-Day Median Bid-Ask Spread
0.13%
Bid/Ask
$15.70/$15.72
Midpoint Price
$15.71
Volume
3,077
NAV Symbol
TYA.NV
IOPV Symbol
TYA.IV
Shares Out. Symbol
TYA.SO
 
The Fund’s adviser has contractually agreed, until at least October 31, 2023, to waive its management fees and/or pay certain expenses, in order to limit specified expenses to 0.15% of the Fund’s average daily net assets.

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%
Other Expenses 0.00%
Total Annual Fund Operating Expenses 0.25%
Fee Waiver and Reimbursement1 (0.10)%
Total Annual Fund Operating Expenses After Fee Waiver 0.15%
1. The Fund’s adviser has contractually agreed, until at least October 31, 2023, to waive its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.15% of the Fund’s average daily net assets. “Specified Expenses” means all ordinary operating expenses of the Fund, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any), acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders. The fee waiver is subject to recoupment if such recoupment can be achieved within the lesser of the foregoing expense limits or those in place at the time of recapture. Any waived fees may only be recouped within three years from the date when the amount was waived or reimbursed. This agreement may be terminated only by the Trust’s Board of Trustees on 60 days’ written notice to the Fund’s adviser.

Fund Performance

As of 10/31/2022 09/30/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -4.07% -23.79% -19.47% -40.15% -39.33% -40.49%
Market Price -3.50% -23.64% -19.09% -40.00% -39.21% -40.41%
Ice US Treasury 20+ Year Bond Index -6.27% -18.75% -19.09% -34.46% -33.65% -33.24%
Annualized 1 Year 3 Year Since Inception
NAV -39.33% — -37.80%
Market Price -39.21% — -37.80%
Cumulative 1 Year Since Inception
NAV -38.15% -37.96%
Market Price -38.58% -38.25%
Ice US Treasury 20+ Year Bond Index -27.44% -28.77%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -38.15% — — -37.72%
Market Price -38.58% — — -38.08%
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.

Historical Premium/Discount

Calendar Year 2021 3rd Quarter of 2022
Days Traded at Premium
41
31
Days Traded at Discount
25
32
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.
Ticker Name Quantity Weight
T Bills TREASURY BILL 0 1/5/2023 23190000 65.38%
T Bills TREASURY BILL 0 2/23/2023 7280000 20.40%
TYH3 COM US 10YR NOTE (CBT)MAR23 990 317.56%
- Estimated Cash 4796828 13.58%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.05000 $0.00000 $0.00000 $0.00000 $0.05000
$0.06000 $0.00000 $0.00000 $0.00000 $0.06000
$0.06000 $0.00000 $0.00000 $0.00000 $0.06000
$0.02058 $0.00000 $0.00000 $0.00000 $0.02058
$0.01026 $0.00000 $0.00000 $0.00000 $0.01026
View Distribution History