ETF Evaluator: Simplify Intmdt Term Trs Futs Stgy ETF () Follow This ETF

Simplify Intmdt Term Trs Futs Stgy ETF Overview

Simplify Intmdt Term Trs Futs Stgy ETF (TYA) is an actively managed Taxable Bond Long Government exchange-traded fund (ETF). Simplify Asset Management launched the ETF in 2021.

The investment seeks to provide total return that matches or outperforms the performance of the ICE U.S. Treasury 20+ Year Index on a calendar quarter basis. The fund is an actively managed ETF that seeks to provide total return that matches or outperforms the performance of the ICE U.S. Treasury 20+ Year Index for a calendar quarter, not for any other period. Under normal circumstances, the fund invests at least 80% of its net assets in futures contracts, call options, and put options on U.S. treasury futures, U.S. government securities, such as bills, notes and bonds issued by the U.S. Treasury or fixed income ETFs that invest in U.S. Treasuries.

About Simplify Intmdt Term Trs Futs Stgy ETF (TYA)

There are 4 members of the management team with an average tenure of 2.77 years: Ken Miller (2024), Jason England (2024), David Berns (2021) and Harley Bassman (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Simplify Intmdt Term Trs Futs Stgy ETF has 3 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Simplify Intmdt Term Trs Futs Stgy ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Simplify Intmdt Term Trs Futs Stgy ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 83.4% (83.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Simplify Intmdt Term Trs Futs Stgy ETF has 16.6% of the portfolio in cash.

Assets Under Management

The fund has $64 million in total assets, which is below the $4 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

TYA Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Simplify Intmdt Term Trs Futs Stgy ETF expense ratio is below average compared to funds in the Long Government category. Simplify Intmdt Term Trs Futs Stgy ETF has an expense ratio of 0.25%, which is 8% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Simplify Intmdt Term Trs Futs Stgy ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 60% for the Long Government category.

Recently, in the month of July 2026, Simplify Intmdt Term Trs Futs Stgy ETF returned -4.9%, which earned it a grade of D, as the Long Government category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Simplify Intmdt Term Trs Futs Stgy ETF has a trailing yield of 3.79%, which is below the 5.37% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Simplify Intmdt Term Trs Futs Stgy ETF Grades

Year to date, the ETF has returned -9.0%, 5.7 percentage points worse than the category, which translates into a grade of F. The fund has returned -4.0% over the past year (grade of F) and -1.5% over the past three years (grade of D).

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