Net asset value restatement for Simplify Interest Rate Hedge ETF (PFIX)



NEW YORK–(BUSINESS WIRE)–Simplify Asset Management Inc. announces that the net asset value (NAV) per share of PFIX previously disclosed on October 27, 2022 contained an error greater than 1%. The net asset value of PFIX has been restated as of October 28, 2022.

ETF name

Symbol (NYSE Arca)




Simplified Interest Rate Hedging ETF





The NAV adjustment is the result of an error in the NAV calculation for PFIX.


Simplify Asset Management Inc. is a registered investment adviser founded in 2020 to help advisers address the most pressing portfolio challenges through an innovative set of options-based strategies. By taking into account real investor needs and market behavior, as well as the non-linear power of options, our strategies deliver the tailored portfolio results that clients seek. For more information, visit

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF’s prospectus containing this and other important information, please call (855) 772-8488 or visit Please read the prospectus carefully before investing.

Investing in the funds involves risks, including possible loss of capital.

The fund is actively managed and is subject to the risk that the strategy may not produce the expected results. The fund is new and has a limited operating history to assess.

The use of derivatives and futures contracts involves risks different from or possibly greater than the risks associated with a direct investment in transferable securities. These risks include (i) the risk that the counterparty to a derivatives transaction will not fulfill its contractual obligations; (ii) risk of misvaluation or incorrect valuation; and (iii) the risk that changes in the value of the derivative or futures contract will not be perfectly correlated with the underlying asset, rate or index. The prices of derivative products are very volatile and can fluctuate considerably over a short period of time. The Fund’s use of leverage, such as borrowing money to buy securities or using options, will incur additional costs for the Fund and magnify the Fund’s gains or losses.

The Fund invests in ETFs (Exchange Traded Funds) and incurs higher expenses than if invested directly in the underlying ETF. The Fund will invest in fixed income ETFs that invest in debt securities of any credit quality or maturity. Fixed income ETFs may invest in securities that are below investment grade credit quality (commonly referred to as “junk bonds”) which may be volatile, difficult to price and have less liquidity.

Although the option overlay is intended to enhance the performance of the Fund, there can be no assurance that it will do so. The use of an option overlay strategy involves the risk that as the buyer of a put or call option, the Fund may lose the entire premium invested in the option if the Fund does not exercise the option. In addition, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and therefore present more volatility and liquidity risk.

Simplify ETFs are distributed by Foreside Financial Services, LLC.

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