Simplify Stable Income ETF
he Fund's investment adviser seeks to fulfill the fund's investment objective by using two income strategies: (1) an interest income strategy and (2) an income generating option strategy. The fund invests primarily in interest income producing U.S. Treasury securities such as bills, notes, and bonds and fixed income ETFs that invest primarily in U.S. Treasuries. To generate additional income, the fund employs an option spread writing strategy on equity ETFs and fixed income ETFs.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$8M OVER THIS RANGE
Money keeps arriving — +$8M of net buying over the past month, about 1.6% of the fund's asset base, while the price has returned -1.2% so far this year. At 0.35% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +0.2% |
| 1 month | +0.2% |
| 3 months | -0.5% |
| 6 months | -0.8% |
| YTD | -1.2% |
| 1 year | -1.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$8M |
| 1 month | +$8M |
| 3 months | +$8M |
| YTD | +$8M |
| 1 year | +$8M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat BUCK on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -32bp on fee · 32× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -31bp on fee · 78× the assets · +$26M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -31bp on fee · 47× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -31bp on fee · 37× the assets · +$312M in over the month | Head-to-head |
| MUB iShares National Muni Bond ETF | 0.05% | $45.8B | +$585M | -30bp on fee · 92× the assets · +$585M in over the month | Head-to-head |