MTBA – Simplify MBS ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return. The fund invests at least 80% of its net assets in mortgage-backed securities. The advisor defines MBS as any agency or non-agency residential or commercial mortgage-backed security and any futures contract, forward agreement, swap contract, or option linked to the preceding. It is an actively managed exchange-traded fund that seeks to achieve its investment objectives by investing primarily in MBS’s issued by the Government National Mortgage Association, Federal National Mortgage Association and Federal Home Loan Mortgage Corporation.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MTBA	Simplify MBS ETF	ETF	Open	—		Nov 6, 2023	$1.00B	0.150%	—	—	−$383.16M

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