Key stats
About Simplify Exchange Traded Funds Simplify Currency Strategy ETF
Home page
Inception date
Feb 4, 2025
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Simplify Asset Management, Inc.
FOXY seeks capital gain through long and short positions in a basket of global currencies. It does not hold the currencies directly but rather invests in foreign currency forward contracts, forward swaps, and futures contracts with comparable exposure to G10 currencies and emerging market currencies. The fund will typically utilize a combination of a mean-reversion strategy and a carry trade strategy. It aims to take long positions on G10 currencies expected to appreciate versus the USD, and short those expected to depreciate against it. Meanwhile, FOXY also offers long positions on emerging market currencies with higher interest rates and short those with low rates. The Fund will invest in both physical delivery and USD cash-settled currency forward contracts and limit its exposure to OTC counterparties to 25%. It is also required to post collateral and hold cash and cash-like instruments or high-quality short-term fixed income securities. The fund is actively managed.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.29%
Cash0.60%
Miscellaneous0.10%
Top 10 holdings
Dividends
Dividend payout history