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›ETF Providers›Simplify›PFIX
PFIX
US82889N8552
Active ETFFixed Income

PFIX ETF · Simplify Interest Rate Hedge ETF

The Simplify Interest Rate Hedge ETF, trading under the ticker 'PFIX', is an exchange-traded fund (ETF) that provides investors with exposure to the United States Treasury yield curve. In essence, this instrument seeks to offer potential risk mitigation against increasing interest rates in an evolving market landscape. PFIX utilizes a tactical investment approach and operates based on an algorithmic model. This model is specifically designed to navigate the complexities of the U.S. Treasury yield curve to realize its objectives. The ETF holds a large position in over-the-counter (OTC) interest rate options intended to provide a direct and transparent convex exposure to large upward moves in interest rates and interest rate volatility. Being an ETF, PFIX offers financial inclusivity by providing investors with a lower capital barrier than directly investing in treasuries or participating in the futures market. Moreover, it offers daily liquidity due to its trading on exchanges like traditional stocks. Please note that investing in any financial security, including PFIX, carries risk, primarily from fluctuations of value on these types of investments. Therefore, prospective investors should conduct thorough research and perhaps consult with a financial advisor before making investment decisions.

Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofAlternatives1M perf.-0.55%
Last price
$45.54
1M perf.
+6.21%
1M flows
-€946K
AuM
€144M
E/R
0.5%
Rating
Not rated
ESG Consensus®
esg grade icon
PFIX
$45.54

Performance & flows

December 16, 2025 → March 16, 2026
0-12-10-8-6-4-20%JANFEBMAR
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PFIX
$45.82
-4.81%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
+6.21%
-4.81%
+1.50%
+53.37%
N/A
+9.20%
-4.37%
-4.37%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
Issuer
CUSIP
82889N855
ISIN
US82889N8552
AuM
€144M
E/R
0.5%
ESG Consensus®
esg grade icon
More details
NAV
3/16/2026
$45.82
1D NAV change
-1.23%
Dividend policy
No. of holdings
106
Inception date
5/10/2021
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Management Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Simplify Interest Rate Hedge ETF seeks to hedge interest rate movements arising from rising long-term interest rates, and to benefit from market stress when fixed income volatility increases, while providing the potential for income. The fund holds a large position in over-the-counter (OTC) interest rate options intended to provide a direct and transparent convex exposure to large upward moves in interest rates and interest rate volatility. Using OTC derivatives, usually only available to institutional investors, PFIX is designed to be functionally similar to owning a position in long-dated put options on 20-year US Treasury bonds. Since the option position is held for an extended period, the ETF provides a simple and transparent interest rate hedge.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Historical risk/return profile

3M1Y3Y5Y
Returns
-4.81%
+1.50%
+53.37%
N/A
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

Countries
USA
87.84%
Unavailable
12.16%
Sectors
Government agencies
7.38%
Sovereign
3.02%
Unavailable
89.59%
Diversification
Total weight of top 15 holdings out of 106
Top 15 holdings
Data as of January 31, 2026
US912797SZ10
US912797TH03
US912797TB33
US912797ST59
US912797TS67
US912797SS76
US912797SM07
US912797TR84
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USA, Notes FRN 31jan2026, USD (AX-2026)
FHLB, 0% 25mar2022, USD (365D)
FHLB, 0% 16apr2022, USD (365D)
US3134HBQ610
USA, Notes 0.75% 31may2026, USD (Z-2026)
USA, Notes FRN 31jul2026, USD (BF-2026)
US91282CMX64
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Sustainability

Integrates ESG criteria
No
SDG
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Trackinsight
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Issuer

Simplify
Simplify ID Card
Number of funds
40
Total AuM
€11.29B
Expense ratio range
0.15% - 2.82%
Average expense ratio
0.6785%

Frequently asked questions about PFIX

What does Simplify Interest Rate Hedge ETF, PFIX, invest in?

PFIX is a Active ETF. This ETF provides exposure to US Investment Grade Government Bonds.

What is the Total Expense ratio (TER) of PFIX?

PFIX carries a total expense ratio (TER) of 0.5%, indicating the annual cost for holding the fund.

When was PFIX launched?

PFIX was introduced to the market on May 10, 2021. It trades on United States

Who is the ETF issuer of PFIX?

Simplify Interest Rate Hedge ETF, PFIX, is provided by Simplify. Learn more about Simplify here.

What is the current assets under management (AUM) of PFIX?

PFIX oversees €144M in assets as of March 16, 2026.

How has PFIX performed lately?

Based on data from March 16, 2026, PFIX returned 6.21% over the past month, -4.81% over the last three months and -4.37% year-to-date.

What are the latest inflows or outflows for PFIX?

As of March 16, 2026, PFIX recorded net flows of -€953K over the last month and +€19M year-to-date.

Does PFIX distribute dividends?

PFIX follows a distributing dividend policy, meaning it pays out income to investors. As of March 16, 2026, its 12-month trailing yield was 10.65%.

What are the main country or region exposures of PFIX?

As of January 31, 2026, PFIX has significant geographic allocations in USA.

In which sector or theme does PFIX invest in?

As of January 31, 2026, PFIX focuses largely on Government agencies and Sovereign.

How many securities does PFIX hold and how diversified is it?

As of January 31, 2026, PFIX holds 106 positions in its portfolio, with 75.53% of assets concentrated in its top 15 holdings.

What are the main positions in PFIX?

As of January 31, 2026, PFIX top three holdings include US912797SZ10, US912797TH03 and US912797TB33.

What is the base currency of PFIX?

The base currency of PFIX is USD.

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