Simplify Short Term Treasury Futures Strategy ETF
$19.08−0.27 (−1.40%)
- Expense ratio
- 0.25%
- Fund size
- $468M
- 1Y return
- −9.4%
- Yield · Last 12 months
- 3.10%
- Holdings
- 7
- Volume · 30D
- 0.4M sh
- NAV per share
- $19.33
- 52W range
The ETF.net TUA Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 3Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 12Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
Our read on TUA
CMost intermediate Treasury ETFs just buy the bonds. TUA rents the exposure instead: short-term Treasury futures sized to match the duration of the 7-10 year Treasury index, with a calendar-quarter bar written into the mandate.
The Fund seeks calendar-quarter total return that matches or exceeds the ICE US Treasury 7-10 Year Bond Index, using Treasury futures to target that index’s duration.
Why people hold it
- Unusually specific mandate: match or beat the ICE US Treasury 7-10 Year Bond Index each calendar quarter, using Treasury futures to hit that index's duration.simplify.us
- It stays on the job. The portfolio hews closely to the duration target in its prospectus rather than wandering into credit or off-mandate bond bets.
- A conventional 1940 Act fund that distributes monthly, so shareholders get a 1099 rather than the K-1 some futures vehicles generate.
Worth knowing
- 0.25% a year is above the median for intermediate Treasury funds, and above IEF, which tracks the very same index for 0.15%.
- Futures-driven duration moves more sharply than the plain bond-owning funds in this group; TUA sits at the higher-volatility end of the cohort.
- The quarterly benchmark is a target, not a promise. Futures pricing and collateral income can pull results away from the index in either direction.
TUA Holdings
- Bonds
- 7
- 100%
- US 2YR NOTE (CBT) DEC26
Sectors
- Financials100.0%
TUA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TUA |
|---|---|
| Year to date | −10.1% |
| 1 month | −4.9% |
| 3 months | −3.8% |
| 1 year | −9.4% |
| 3 years | +0.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TUA |
|---|---|---|
| 2026 YTD | −10.1% | |
| 2025 | +7.3% | |
| 2024 | −3.6% | |
| 2023 | −2.1% | |
| 2022 | −0.9% |
TUA in the news
ETF.net Research hasn’t filed on TUA yet — coverage lands here as it’s written.
TUA Dividends
- 3.10%
- $0.60
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.05 |
| Jul 28, 2026 | Jul 31, 2026 | $0.05 |
| Jun 25, 2026 | Jun 30, 2026 | $0.05 |
| May 26, 2026 | May 29, 2026 | $0.05 |
| Apr 27, 2026 | Apr 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.05 |
| Feb 24, 2026 | Feb 27, 2026 | $0.03 |
| Jan 27, 2026 | Jan 30, 2026 | $0.02 |
| Dec 23, 2025 | Dec 31, 2025 | $0.11 |
| Nov 21, 2025 | Nov 28, 2025 | $0.05 |
| Oct 28, 2025 | Oct 31, 2025 | $0.03 |
| Sep 25, 2025 | Sep 30, 2025 | $0.06 |
TUA Risk
- 8.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.25
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TUA Cost
- The middle half of Treasuries (3-10 Year) funds
- Median 0.14%
16 of the 18 Treasuries (3-10 Year) funds charge less.