---
ticker: "MTBA"
name: "Simplify MBS ETF"
url: "https://etf.net/etf/MTBA"
grade: "B"
score: 57
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "7 of 25"
methodology: "https://etf.net/methodology"
---

# MTBA: Simplify MBS ETF

Grade **B**, Score 57 of 100. Rank 7 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 8 of 25 |
| Mission | 55 | 4 of 20 |
| Risk | 43 | 12 of 25 |
| Tradability | 80 | 4 of 25 |
| Holdings | 25 | 22 of 25 |
| Durability | 51 | 14 of 25 |

## Top holdings

The fund holds 11 positions. These are the largest 11, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SBIL | Simplify E Govt Money Mkt Etf | 44.89% |
| 2 | — | FNCL 6.5 11/26 Mtge | 15.68% |
| 3 | — | FNCL 7 11/26 Mtge | 14.02% |
| 4 | — | FNCL 6 11/26 Mtge | 13.08% |
| 5 | — | FNCL 5.5 11/26 Mtge | 6.29% |
| 6 | — | FNCL 5 11/26 Mtge | 2.35% |
| 7 | — | B 12/3/26 Govt | 2.02% |
| 8 | — | B 1/28/27 Govt | 0.72% |
| 9 | — | B 3/11/27 Govt | 0.50% |
| 10 | — | Cash | 0.24% |
| 11 | — | B 12/31/26 Govt | 0.21% |

Source: etf.net, https://etf.net/etf/MTBA. Please cite the page URL.