Simplify Interest Rate Hedge ETF (PFIX)
| Assets | $156.13M |
| Expense Ratio | 0.50% |
| PE Ratio | n/a |
| Shares Out | 3.13M |
| Dividend (ttm) | $33.05 |
| Dividend Yield | 66.21% |
| Ex-Dividend Date | Oct 28, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | -45.57% |
| Volume | 37,099 |
| Open | 50.00 |
| Previous Close | 49.95 |
| Day's Range | 49.61 - 50.16 |
| 52-Week Low | 37.00 |
| 52-Week High | 91.50 |
| Beta | -1.60 |
| Holdings | 12 |
| Inception Date | May 10, 2021 |
About PFIX
Fund Home PageThe Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is issued by Simplify.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| B 01/14/25 Govt | B 0 01.14.25 | 45.29% |
| T 0 1/4 09/30/25 Govt | T 0.25 09.30.25 | 33.16% |
| SWAPTION 4.5% SOFR 5/10/30 MSX | SWO450MSY | 7.09% |
| B 12/17/24 Govt | B 0 12.17.24 | 5.74% |
| SWAPTION 05/10/30 P4.50/SOFR GSX | SWO450GSY | 2.43% |
| SWAPTION 05/10/2030 P4.25/SOFR GSY | SWO425GSY | 2.31% |
| SWAPTION 05/10/2030 P4.25/SOFR BOY | SWO425BOY | 2.11% |
| SWAPTION 4.5% SOFR 5/10/30 BRC | SWO450BRY | 1.49% |
| Cash | Cash | 0.34% |
| SWAPTION 05/10/30 P4.50/SOFR JPM | SWO450JPY | 0.03% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 28, 2024 | $0.180 | Oct 31, 2024 |
| Sep 25, 2024 | $0.200 | Sep 30, 2024 |
| Aug 27, 2024 | $0.200 | Aug 30, 2024 |
| Jul 26, 2024 | $0.180 | Jul 31, 2024 |
| Jun 25, 2024 | $0.160 | Jul 1, 2024 |
| May 24, 2024 | $0.140 | May 31, 2024 |
News
PFIX: Today's Stimulus Sows Tomorrow's Inflation
The PFIX ETF's short to medium-term outlook is negative due to the Federal Reserve's anticipated rate-cutting cycle in response to a weakening U.S. economy. Despite current challenges, investors may w...
Best-Performing Bond ETFs For 2024
2024 has been a tough year for most bond funds, as delayed rate hikes led to lower bond prices. Some bond ETFs have managed to outperform in spite of these tough conditions. These tend to focus on inv...
PFIX: Trump Policies Potentially Inflationary
With Trump's election odds rising, investors need to start considering the implications of his policies. I believe Trump's policies are inflationary, which may lead to higher long-term interest rates ...
PFIX: Good Product But Risky Part Of Cycle
Simplify Interest Rate Hedge ETF has thrived in performance and growth, offering a hedge against rising long-term interest rates. PFIX is constructed with a significant position in over-the-counter in...
PFIX: Revisiting Long Thesis As A Hedge
PFIX ETF's share price has declined considerably since my November downgrade, tracking the decline in long-term treasury yields. However, the long-term drivers of higher treasury yields have not been ...
PFIX: Leveraged Short On Long Bonds, Time To Divest
The Simplify Interest Rate Hedge ETF (PFIX) is an ETF that aims to hedge against higher 20-year rates and profit from fixed income volatility. The fund exhibits the pay-off profile of a 3x treasury be...
PFIX: An ETF Thriving Amid Bond Volatility
The roughly $240 million Simplify Interest Rate Hedge ETF (PFIX) is up 37% in 2023, outperforming most bond ETF or mutual funds in the US. Since the end of 2021, just before the Federal Reserve starte...
PFIX: Tactically Neutral On Interest Rates (Ratings Downgrade)
Simplify Interest Rate Hedge ETF has returned over 25% since August, offsetting fixed income losses from rising interest rates. However, Treasury Department's recent Quarterly Refunding Announcement a...
PFIX Has A Lot Left In The Tank
Simplify Interest Rate Hedge ETF is an interest rate hedging instrument that invests in US Treasury bonds and uses swaptions to benefit from rising interest rates. The PFIX ETF will likely benefit fro...
PFIX: Continue To Recommend As A Hedge Against Rising Long-Term Yields
The PFIX ETF provides a hedge against rising long-term interest rates through a portfolio of OTC interest rate derivatives. Assets in the PFIX ETF have decreased by half as traders believe the top in ...
PFIX: Playing A Summer Bid In Treasuries, Shifting To A Sell
Rate risks have turned and are now skewed to the downside amid softening economic data following the yield rise since the start of Q2. PFIX's performance has languished as yields have stabilized, with...
Top 4 Best and Worst Performing ETFs of 2022
An Exchange Traded Fund (ETF) is a basket of stocks that usually tracks a specific index, industry or theme. ETFs can act as a great way to ensure diversification, without needing to buy and sell indi...
How Investors Can Tap Into Derivatives With ETFs
Harley Bassman, managing partner at Simplify, discusses his firm's sophisticated derivative ETF strategies.
PFIX: Rate-Hedged ETF A Buy Following The Yield Plunge
PFIX was a top-performing bond ETF in 2022 as interest rates increased. With the latest drop in rates, investors have a chance to re-enter PFIX at favorable relative levels.
PFIX: Buy It As A Hedge Against Higher Interest Rates
PFIX owns a portfolio of OTC swaptions that hedge rising interest rates. Interest rates appear to be reaccelerating higher as the Fed is intent on 'higher for longer' and the economy is more resilient...
Invesco, Advocate See US Moving Toward Recovery
Cooling inflation data is encouraging ETF industry players.
Goldman Sees Slowdown Coming, Recession Not Certain
‘Passive doesn't work,' and alternative investments may do better, execs say.
PFIX: Effective Interest Rate Hedge ETF, Uncompelling Risk-Return Profile
PFIX provides investors with a simple, incredibly effective way to profit from higher interest rates. Interest rates have risen all year, with PFIX seeing returns of over 90% for the same.
Alternatives ETFs Offer Bright Spots in Tough Market
Despite success, the category has largely been overlooked.
This interest rate hedge ETF has soared 60% this year as stocks, bonds sink in market carnage
Hi! This week's ETF Wrap looks at an interest rate hedge ETF that is producing massive gains amid the carnage of 2022, along with other funds that investors might consider amid concerns over elevated ...
PFIX: ETF Providing Simple And Transparent Interest Rate Hedge
PFIX's blend of five-year Treasury notes with seven-year put options on the interest rate on the 20-year Treasury, seems to be delivering results. Since the option position is held for an extended per...
