Discover the RFIX Next Dividend Date for Simplify Bond Bull ETF in 2026. Explore dividend history, yield, and projections amid interest rate trends. Updated as of January 21, 2026.
If you’re tracking dividends from the Simplify Bond Bull ETF, known as RFIX, you’ve come to the right spot. Maybe you’re an investor wondering when that next payout hits your account, or perhaps you’re weighing if this ETF fits your portfolio in these shifting bond markets. Let’s walk through it step by step, like we’re chatting over coffee.
Key Takeaways
- RFIX pays monthly dividends, with the last ex-dividend date on December 23, 2025 ($0.431 per share, paid December 31, 2025).
- Projected next ex-dividend date falls between January 20-23, 2026, based on patterns, though unannounced as of January 21, 2026.
- Dividend yield stands at 5.05-5.19%, but the 13.80% distribution rate includes ~55% return of capital.
- RFIX’s strategy hedges falling long-term rates via swaptions, offering high duration (38.55) but with volatility risks.
- Performance shows -25.05% YTD as of December 31, 2025, amid rising yields.
RFIX Next Dividend Date Guide
What Is RFIX ETF?
Think of RFIX Next Dividend Date as a tool for investors who want to protect against dropping long-term interest rates. It’s an actively managed ETF from Simplify Asset Management, launched on December 9, 2024. The fund uses over-the-counter interest rate options, called swaptions, to create what’s called convex exposure. That means it can gain more when rates fall sharply.
Harley Bassman, the manager behind it, designed RFIX to act like long-dated call options on Treasuries. It’s the flip side of its sister ETF, PFIX, which hedges against rising rates. Compared to something like TLT, which tracks long-term Treasuries, RFIX and up the potential upside with leverage from those swaptions.
As of January 16, 2026, RFIX has about $87.6 million in assets, with an expense ratio of 0.50%. Its NAV sits at $36.89, and it trades around there with a small discount sometimes. An interesting bit: the fund holds negative weights in swaptions, like -22.63% in one called SWR300GSX, which helps magnify gains if rates drop.
RFIX Next Dividend Date History
RFIX keeps things steady with monthly payouts, which is great if you like regular income. Here’s a quick look at the recent ones:
- December 23, 2025: $0.431 (ex-date), paid December 31.
- November 21, 2025: $0.100.
- October 28, 2025: $0.100.
- September 25, 2025: $0.100.
- August 26, 2025: $0.200.
Over 2025, dividends jumped up four times and dipped once. The total trailing twelve-month payout adds up to $1.84 per share. What causes these changes? It’s mostly from the carry on swaptions and volatility in fixed income, not just plain bond interest.
Picture an investor who bought in early 2025. They might have seen smaller payouts at first, like $0.100 in February, building to that bigger December one. This history shows RFIX isn’t about predictable coupons like a simple Treasury fund; it’s tied to market moves.
Next RFIX Ex-Dividend Date
The big question: when’s the next one? Based on how things have gone, sources like Market Chameleon project it between January 20 and 23, 2026. As of today, January 21, 2026, it’s not officially out yet. Announcements usually drop one or two days before the ex-date.
For example, the December 2025 dividend got announced on December 22 for the ex-date of December 23. If you’re holding shares, keep an eye on the official Simplify website or your broker’s alerts. Missing the ex-date means no payout that month.
A tip here: set a calendar reminder around the 20th each month. That way, you can decide if you want to buy in time or sell after.
RFIX Dividend Yield Analysis
Yield is where many folks start. RFIX’s current yield hovers between 5.05% and 5.19% based on those trailing payouts. But dig deeper—the distribution rate hit 13.80% as of December 31, 2025. Why the gap? About 55% of distributions come from return of capital, which isn’t true income but your own money back.
Compare that to TLT, which offers around 4% yield with less drama. Or PFIX, RFIX’s counterpart, which might suit if you bet on rates going up. RFIX’s beta of 4.91 means it swings hard, so that yield comes with bumps.
The 30-day SEC yield, unsubsidized, is 3.48%. That’s a more conservative look, stripping out extras. If rates fall, though, that could push yields higher through swaption gains.
How Rates Affect RFIX Dividends
Interest rates are the heartbeat of RFIX. The fund bets on falling long-term rates, using swaptions on Treasuries. When rates drop, those options pay off big, potentially boosting dividends from the gains.
Right now, with Fed cuts and 10-year Treasury yields around 4.4% in late 2025, RFIX is positioned for a turnaround. But 2025’s rising yields hammered it, leading to that -25.05% return.
If you’re worried about principal loss, try blending RFIX with stable short-term bonds. That offsets the high duration of 38.55, which makes it sensitive to rate hikes. Harley Bassman calls it a hedge for market stress—think of it as insurance that pays when bonds rally.
RFIX vs Similar ETFs
How does RFIX stack up? Let’s compare.
- Against TLT: TLT has a duration of about 17, so it’s less extreme. RFIX could double the upside in a rate drop, but it lost 10% more than TLT in 2025’s yield rise.
- Vs. PFIX: PFIX thrives when rates climb, making it a pair for RFIX in uncertain times. Together, they balance a portfolio.
- Other bond funds like BND: BND yields around 4.5% with broad exposure. RFIX is more tactical, for those hedging specific risks.
RFIX’s edge? No complicated tax forms like K-1s, and it’s transparent with OTC options. In a real scenario, say rates plunged in a recession—RFIX might shine where TLT just plods along.
Risks and Challenges for RFIX
No investment is perfect. RFIX’s high duration means big losses if rates rise, as seen in 2025. Counterparty risks from those OTC swaptions add another layer—what if the other side defaults?
Dividends vary, creating uncertainty for income chasers. And that return of capital? It can mess with taxes, lowering your cost basis.
To handle this RFIX Next Dividend Date:
- Keep RFIX to 5-10% of your holdings.
- Use apps like Investing.com for instant alerts.
- It’s not for beginners; if you’re risk-averse, stick to plain vanilla bond ETFs.
Tips for RFIX Investors
Want to make the most of RFIX? Start by watching for announcements—sign up for Simplify’s emails.
On taxes, chat with an advisor about return of capital; it might defer taxes but complicate sales.
Strategy-wise, buy before the ex-date to grab the yield, and hold if you think rates will fall soon. Morningstar gives PFIX five stars, hinting RFIX could follow in its niche.
FAQs On RFIX Next Dividend Date
What is the RFIX dividend yield?
RFIX’s yield is 5.05-5.19% based on trailing twelve-month payouts of $1.84. The higher 13.80% distribution rate factors in return of capital, about 55%. This makes it appealing for income but watch for tax hits. Compared to peers like TLT at 4%, it’s higher but riskier due to leverage. Always check current figures on official sites.
What is RFIX dividend history?
RFIX has paid monthly since 2025, with amounts from $0.10 to $0.43. Key ones: Dec 2025 $0.431, Nov $0.100, Oct $0.100. Increases happened four times last year, with one decrease. Total annual $1.84. Variability comes from swaption performance, not fixed bonds. Full list on Simplify.us shows patterns.
When is the next RFIX ex-dividend date?
Projected for January 20-23, 2026, per historical trends and sites like Market Chameleon. As of January 21, 2026, no official word yet. Announcements come 1-2 days prior. Check Simplify.us or your broker daily around mid-month to avoid missing it.
Is RFIX a good ETF to buy?
It suits hedging against falling rates with high duration of 38.55, but 2025’s -25% return shows volatility. Good for diversified portfolios if you expect rate drops. Not ideal for steady income seekers due to variable payouts. Compare to TLT for less risk. Consult an advisor for fit.
What is RFIX payout frequency?
Monthly, with ex-dates typically late in the month. Payments follow a week later. This regularity helps cash flow, but amounts fluctuate based on market volatility. Unlike quarterly funds, it offers more frequent income, though with return of capital elements. Track via dividend calendars.
How do rates impact RFIX dividends?
Falling long-term rates boost swaption values, potentially increasing payouts from gains. Rising rates, like in 2025, reduce them and hurt principal. Tied to Treasury yields around 4.4%, it’s sensitive. Use as a hedge in falling-rate bets, but pair with stable assets to manage swings.
Track RFIX announcements closely for the next dividend to optimize your fixed-income strategy. Consult a financial advisor to align with your risk tolerance.
