RFIX - Simplify Bond Bull ETF Stock Price & Dividend Safety Sector: Financial Services | Exchange: New York Stock Exchange Arca Current Price & Safety Score Price: 36.72 USD StockBonds Safety Grade: Altman Z-Score (Bankruptcy Risk): 0.00 StockBond Score: -0.44 Company Description The Simplify Bond Bull ETF RFIX is structured to profit mainly from a decline in longterm interest rates and from heightened periods of instability in the bond market It also aims to offer investors a potential source of income The fund primarily achieves these objectives by holding overthecounter OTC interest rate options with extended maturities typically ranging from five to seven years These derivatives are strategically used to provide direct clear and convex exposure to falling interest rates meaning the potential for significantly magnified gains as rates decrease In essence RFIX employs these OTC instruments to function much like owning call options with distant expiry dates on US Treasury bonds