LMBS invests in mortgage-backed securities (MBSes), which are pooled packages of mortgages. Pooling the mortgages and selling them to investors in a bundle theoretically reduces the risk of any single mortgage failing. LMBS’s top holdings include various MBSes from Freddie Mac , Fannie Mae , and Ginnie Mae , as well as U.S. Treasury notes, all with varying maturity dates.The ETF is designed for investors seeking steady income with lower interest rate risk by investing primarily in mortgage-related investmen ...

Core Insights - The Simplify Target 15 Distribution ETF aims to generate monthly income through a combination of short-duration U.S. government bonds and income-oriented option spread strategies on equity indexes and ETFs [1] Group 1: Investment Strategy - The fund primarily invests in U.S. Treasury bills, notes, and bonds, as well as fixed income ETFs that hold similar securities [1] - The interest-rate sleeve is managed toward an average duration of two years or less, with a focus on maximizing yield within that constraint [1] - The adviser employs partially hedged put spreads using over-the-counter options, swaps, and forwards on large-cap, growth, and small-cap equity references [1] Group 2: Target Distribution and Risk Management - The strategy targets an aspirational annualized distribution rate of 15% [1] - Option strikes, maturities, and notionals are selected using a proprietary risk framework, with positions adjusted as options mature or after significant movements in reference assets [1]

The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates to their highest level in roughly 30 years. The broader impact on global markets remains uncertain; however, developments in Japan have historically been bearish for bitcoin (BTC) and the wider cryptocurrency market. A stronger yen has typically co ...

Core Points - Members of Congress have violated the STOCK Act in 2025 by failing to disclose their stock transactions in a timely manner, raising concerns about transparency and potential insider trading [1][2][4] Group 1: STOCK Act Violations - Congresswoman Sheri Biggs disclosed multiple transactions dating back to March 2025, which were filed past the reporting deadline [4][8] - The STOCK Act requires members of Congress to disclose transactions within 45 days, with a $200 late fee for the first offense [4][7] Group 2: Specific Transactions - Biggs' transactions included selling stocks of major companies such as Apple Inc, Johnson & Johnson, Microsoft Corporation, and Berkshire Hathaway in March, as well as buying U.S. Treasury notes [5][6] - A notable transaction involved Biggs buying between $100,000 to $250,000 worth of the iShares Bitcoin Trust ETF on July 9, 2025, which was linked to pro-crypto legislation passed shortly after [6][8] Group 3: Public Perception - Delayed disclosures of stock trades by Congress members contribute to public distrust regarding their trading activities [7]

Group 1 - U.S. Treasury yields have increased slightly, with the two-year yield at 3.502%, the ten-year yield at 4.051%, and the thirty-year yield at 4.698% [2] - The focus of the market is on the preliminary benchmark revisions to the establishment survey by the Bureau of Labor Statistics (BLS), which is expected to influence the labor market outlook [1] - A $58 billion auction of three-year notes is also a significant event to watch in the U.S. Treasury market [2]