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AGGH

Simplify Aggregate Bond ETF

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as of 09/20/2023

NAV

$ 21.91

NAV Change

+ $ 0.02 /0.09%

Price

$ 21.96

Price Change

+ $ 0.04 /0.18%
The Simplify Aggregate Bond ETF (AGGH) seeks to maximize total return by investing primarily in investment grade (IG) bonds while mitigating credit risk.

The fund is actively managed to enhance yield and offset hedging costs by enhancing duration exposure via structurally efficient curve positioning and to generate additional income by selling interest rate and credit volatility. 

Credit hedging can be very inefficient, so it is paramount to be flexible in your approach to hedging within the space. AGGH will opportunistically invest, based on cost-to-payout ratios, in CDX calls, Quality-Junk factor-based hedges, and equity puts.
 
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Documents

Fund Overview

As of 09/20/2023

Ticker Symbol
AGGH
Gross Expense Ratio
0.55%
Net Expense Ratio
0.30%
CUSIP
82889N723
Total Assets
$65,192,657.22
Shares Outstanding
2,975,001
Distribution Yield as of 08/31/2023 Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
Distribution Yield Close
Distribution yield calculation employs the most recent distribution, and multiplies the payment by 12 (monthly) or 4 (quarterly) to get an annualized total. The annualized total is then divided by the most recent net asset value (NAV) to determine the distribution yield.
10.86%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 08/31/2023 SEC 30-day Yield is available once fund has a full quarter of performance.
SEC 30-Day Yield Close
SEC 30-day Yield is available once fund has a full quarter of performance.
5.82%
Unsubsidized 30-Day SEC Yield as of 08/31/2023
5.57%
Options Available
No
Inception Date
02/14/2022
Premium/Discount (%) as of 09/20/2023
0.21%
NAV Per Share as of 09/20/2023
$21.91
Market Price as of 09/20/2023
$21.96
30-Day Median Bid-Ask Spread
0.23%
Bid/Ask
$21.85/$21.96
Midpoint Price
$21.91
Volume
21,402
NAV Symbol
AGGH.NV
IOPV Symbol
AGGH.IV
Shares Out. Symbol
AGGH.SO
Schedule K-1
No
 
The Fund’s adviser has contractually agreed, until at least October 31, 2023, to waive its management fees and/or pay certain expenses, in order to limit specified expenses to 0.25% of the Fund’s average daily net assets.

Management Fees

This table describes the fees and expenses that you may pay if you buy, sell, and hold shares of the Fund. Investors purchasing or selling shares of the Fund in the secondary market may be subject to costs (including customary brokerage commissions) charged by their broker. The fee table located in the prospectus and updates in prospectus supplements prevail.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.50%
Distribution and Service (12b-1) Fees 0.00%
Acquired Fund Fees and Expenses1 0.05%
Total Annual Fund Operating Expenses 0.55%
Fee Waiver and Reimbursement2 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 0.30%
1. Acquired Fund Fees and Expenses, which are estimated for the Fund’s initial fiscal period, are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights located in the prospectus because the financial statements include only the direct operating expenses incurred by the Fund.

2. The Fund’s adviser has contractually agreed, until at least October 31, 2023, to waive its management fees and/or pay or absorb the Fund’s expenses, in order to limit the amount of “Specified Expenses” borne by the Fund to 0.25% of the Fund’s average daily net assets. “Specified Expenses” means all ordinary operating expenses of the Fund including management fees, except for interest expenses, taxes, brokerage expenses, Rule 12b-1 fees (if any),acquired fund fees and expenses, and expenses incidental to a meeting of the Fund’s shareholders. The fee waiver is subject to recoupment if such recoupment can be achieved within the lesser of the foregoing expense limits orthose in place at the time of recapture. Any waived fees may only be recouped within three years from the date when the amount was waived or reimbursed. This agreement may be terminated only by the Trust’s Board of Trustees on 60 days’ written notice to the Fund’s adviser.

Fund Performance

As of 08/31/2023 06/30/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -0.19% -0.20% 5.41% 4.78% 1.39% -4.39%
Market Price 0.19% -0.22% 5.32% 4.65% 1.47% -4.21%
Annualized 1 Year 3 Year Since Inception
NAV 1.39% — -2.87%
Market Price 1.47% — -2.75%
Cumulative 1 Year Since Inception
NAV 0.49% -4.42%
Market Price 0.55% -4.21%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 0.49% — — -3.24%
Market Price 0.55% — — -3.09%
The performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available above.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

Historical Premium/Discount

Calendar Year 2022 2nd Quarter of 2023
Days Traded at Premium
67
45
Days Traded at Discount
154
17
The above frequency distribution chart presents information about the difference between the daily market price for shares of the Fund and the Fund's reported Net Asset Value. The amount that the Fund's market price is above the reported NAV is called the premium. The amount that the Fund's market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. EST). The horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.
Ticker Name Quantity Weight
TII TII 0 5/8 01/15/24 31118600 61.90%
HYG iShares iBoxx High Yield Corporate Bond ETF 66923 7.64%
LQD ISHARES IBOXX INV GR CORP BD 1946 0.31%
LTPZ PIMCO ETF 15+ YR US TIPS INDEX FD 82000 6.89%
MBB ISHARES BARCLAYS MBS BOND FD 54947 7.62%
TLT ISHARES TR BARCLAYS 20 PLUS YR TRSR 49900 7.13%
VMBS VANGUARD S VANGUARD MTG-BACKED SECS 111100 7.59%
ESZ3 IND S&P500 EMINI FUT Dec23 -12 -4.09%
TYZ3 COM US 10YR NOTE (CBT)DEC23 379 63.49%
- US 10YR FUT OPTN Oct23C 110 -125 -0.01%
- US 10YR FUT OPTN Nov23C 112 -142 -0.03%
- US 10YR FUT OPTN Nov23C 111.5 -124 -0.03%
- US 2YR FUTR OPTN Nov23P 101.5 -140 -0.15%
AGG US 12/15/23 C104 AGG Dec 2023 104 Call -337 -0.01%
HYG US 12/15/23 C76 HYG Dec 2023 76 Call -670 -0.03%
HYG US 12/15/23 P72 HYG Dec 2023 72 Put -670 -0.05%
LTPZ US 03/15/24 P50 LTPZ Mar 2024 50 Put -493 -0.05%
LTPZ US 12/15/23 C60 LTPZ Dec 2023 60 Call -820 -0.03%
MBB US 01/19/24 C94 MBB Jan 2024 94 Call -582 -0.03%
MBB US 12/15/23 C95 MBB Dec 2023 95 Call -515 -0.01%
SPXW US 11/17/23 P4275 SPXW Nov 2023 4275 Put -6 -0.04%
TLT US 10/06/23 C95 TLT Oct 2023 95 Call -499 -0.03%
TLT US 10/06/23 C99 TLT Oct 2023 99 Call 499 0.00%
T Bills B 10/03/23 500000 0.77%
- Estimated Cash 699423 1.07%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
$0.20000 $0.00000 $0.00000 $0.00000 $0.20000
View Distribution History

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