Net Asset Value Restatement for Simplify Interest Rate Hedge ETF (PFIX)

NEW YORK--()--Simplify Asset Management Inc. announces that the previously disclosed net asset value (NAV) per share of PFIX on May 12, 2021 contained an error of greater than 1%. PFIX's NAV was restated effective as of May 13, 2021.

ETF Name


Ticker (NYSE Arca)







Simplify Interest Rate Hedge ETF









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


Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. 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 you invest. An investment in the fund involves risk, including possible loss of principal. Past performance does not guarantee future results.

The fund's investment objective is to seek capital appreciation. The funds are new and have a limited operating history.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience.

Simplify ETFs are distributed by Foreside Financial Services, LLC.


Chris Sullivan/Patrick Phalon
MacMillan Communications
(212) 473-4442

Release Summary

Simplify announces that the previously disclosed NAV per share for PFIX on May 12, 2021 has been restated effective as of May 13, 2021.


Chris Sullivan/Patrick Phalon
MacMillan Communications
(212) 473-4442