Key stats
About Simplify MBS ETF
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Inception date
Nov 6, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Simplify Asset Management, Inc.
ISIN
US82889N5251
MTBA targets the highest-yielding mortgage-backed securities (MBS) while managing interest rate sensitivity through various strategies and derivatives. It primarily includes residential or commercial MBS issued by major US agencies like GNMA, FNMA, and FHLMC. The fund maintains an effective duration ranging from 3 to 10 years. The fund considers factors such as price, coupon, prepayment rate, and maturity to calculate the expected yield. As part of its strategy, the fund uses derivatives, such as MBS-linked swaps and interest rate-linked swaps, to manage its duration exposure and hedge interest rate risk, respectively. A dollar roll strategy is utilized to potentially enhance returns. The adviser evaluates price differentials between delivery months and assesses interest income on short-term investments to predict profitability, effectively creating investment leverage. Cash, cash equivalents, and short-term fixed-income securities are held as collateral for swaps.
Related funds
Classification
What's in the fund
Exposure type
Securitized
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MTBA trades at 50.61 USD today, its price has risen 0.08% in the past 24 hours. Track more dynamics on MTBA price chart.
MTBA net asset value is 50.61 today — it's risen 0.99% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MTBA assets under management is 1.51 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MTBA price has risen by 0.90% over the last month, and its yearly performance shows a −2.26% decrease. See more dynamics on MTBA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.55% increase in three-month performance and has increased by 3.70% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.55% increase in three-month performance and has increased by 3.70% in a year.
MTBA fund flows account for 215.83 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MTBA invests in bonds. See more details in our Analysis section.
MTBA expense ratio is 0.17%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MTBA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MTBA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MTBA shows the buy signal. See more of MTBA technicals for a more comprehensive analysis.
Today, MTBA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MTBA shows the buy signal. See more of MTBA technicals for a more comprehensive analysis.
Yes, MTBA pays dividends to its holders with the dividend yield of 5.91%.
MTBA trades at a premium (0.05%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MTBA shares are issued by Simplify Asset Management, Inc.
MTBA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 6, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.