Simplify Intermediate Term Treasury Futures Strategy ETF (TYA)
Simplify Intermediate Term Treasury Futures Strategy ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $12.35, up 0.28% on the session, giving a market capitalisation of $67.4M. Its beta of 2.93 implies it has historically moved more than the broad market.
The Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) aims to generate a total return, prior to fees and expenses, that matches or exceeds the performance of the ICE US Treasury 20+ Year Index on a calendar quarter basis. The Fund's investment objective is strictly measured over a complete calendar quarter and is not intended for different timeframes. TYA achieves this by targeting the duration of the ICE 20+ Year US Treasury Index through investments in 10-Year US Treasury futures contracts, positioned in the intermediate section of the yield curve. This strategy is structured to deliver significant duration exposure with a modest capital outlay, while also seeking to harness yield curve efficiencies from the belly of the curve. Investors can employ TYA as an alternative to less efficient long-duration holdings, to boost the capital efficiency of intermediate duration portfolio allocations, or as a foundational component within advanced portfolio designs like risk parity strategies.
Simplify Intermediate Term Treasury Futures Strategy ETF is most often compared with the following Financial Services names: