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CRDT

Simplify Opportunistic Income ETF

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as of 09/20/2023

NAV

$ 25.49

NAV Change

- $ 0.01 /0.04%

Price

$ 25.51

Price Change

+ $ 0.01 /0.04%
The Simplify Opportunistic Income ETF (CRDT) seeks to provide current income, with long-term capital appreciation as a secondary objective.

CRDT is an actively managed, opportunistic credit strategy focused on security selection within high-yield, investment grade, and distressed debt. By deploying a multi-step investment process that combines macroeconomic, quantitative, and fundamental research, the fund seeks to generate alpha that diversifies the traditional investment portfolio.

The strategy is sub-advised by Asterozoa Capital, an alternatives manager focused on opportunistic investing across the capital structure while minimizing risks/correlations through portfolio construction and hedging.
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Documents

Fund Overview

As of 09/20/2023

Ticker Symbol
CRDT
Gross Expense Ratio
0.95%
Net Expense Ratio
0.50%
CUSIP
82889N558
Total Assets
$62,452,006.47
Shares Outstanding
2,450,001
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.
-
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.
-
Unsubsidized 30-Day SEC Yield as of 08/31/2023
-
Options Available
No
Inception Date
06/26/2023
Premium/Discount (%) as of 09/20/2023
0.08%
NAV Per Share as of 09/20/2023
$25.49
Market Price as of 09/20/2023
$25.51
30-Day Median Bid-Ask Spread
0.24%
Bid/Ask
$25.50/$25.52
Midpoint Price
$25.51
Volume
3,933
NAV Symbol
CRDT.NV
IOPV Symbol
CRDT.IV
Shares Out. Symbol
CRDT.SO
Schedule K-1
No

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 0.95%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.00%
Fee Waiver2 (0.45)%
Total Annual Fund Operating Expenses 0.95%
Total Annual Fund Operating Expenses After Fee Waiver 0.50%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

2. The adviser has contractually agreed to waive its fee payable under the management agreement by 0.45% until 1-year from Fund launch. This agreement may be terminated only by the Board of Trustees on 60 days’ written notice to the 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 1.43% — — — — 2.04%
Market Price 1.19% — — — — 1.80%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — 0.04%
Market Price — -0.08%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
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
N/A
4
Days Traded at Discount
N/A
N/A
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
ANGOL REPUBLIC OF ANGOLA 9.125 11/26/2049 600000 0.75%
ARI ARI 4 5/8 06/15/29 400000 0.50%
ASTONM ASTONM 10 1/2 11/30/25 400000 0.68%
BILL BILL 0 12/01/25 300000 0.48%
BXMT BXMT 3 3/4 01/15/27 250000 0.34%
COIN COINBASE GLOBAL INC 3.375 10/1/2028 1300000 1.59%
ENPH ENPH 0 03/01/28 350000 0.47%
EPD EPD 5 3/8 02/15/78 550000 0.75%
F F 3 3/8 11/13/25 350000 0.53%
F F 4.346 12/08/26 300000 0.47%
FSR FSR 2 1/2 09/15/26 400000 0.34%
FYBR FYBR 8 5/8 03/15/31 200000 0.31%
FYBR FYBR 2023-1 C 11.5 8/20/2053 300000 0.47%
FYBR FYBR 2023-1 B 8.3 8/20/2053 300000 0.46%
GRUB GRUBHUB HOLDINGS INC 5.5 07/01/2027 700000 0.83%
HWM HOWMET AEROSPACE INC 6.875 5/1/2025 300000 0.50%
IEP IEP 4 3/4 09/15/24 200000 0.31%
LACCN LACCN 1 3/4 01/15/27 1000000 1.20%
LIBMUT LIBERTY MUTUAL GROUP INC 4.125 12/15/2051 1000000 1.34%
LINTA LINTA 8 1/2 07/15/29 200000 0.12%
LOGM LOGAN MERGER SUB INC 5.5 9/1/2027 500000 0.48%
MCBRAC MCBRAC 7 1/4 06/30/31 983125 1.15%
MCLAUT MCLAUT 7 1/2 08/01/26 450000 0.64%
NRG NRG 10 1/4 PERP 300000 0.47%
OCTL OCTL 2022-1A R1 12121 3.20%
QVCN QVCN 4.85 04/01/24 650000 1.03%
QVCN QVC Inc. (USD) 600000 0.53%
RADPAR RP ESCROW ISSUER LLC 5.25 12/15/2025 200000 0.24%
RITM RITM 6 1/4 10/15/25 400000 0.62%
RIVHOL RIVHOL Float 10/15/26 400000 0.68%
SEDG SEDG 0 09/15/25 1700000 2.56%
SFRFP YPSO FINANCE BIS 10.5 5/15/2027 800000 0.84%
SHOPCN SHOPCN 0 1/8 11/01/25 650000 0.93%
TDG TDG 6 1/4 03/15/26 300000 0.48%
TEN TEN 8 11/17/28 400000 0.53%
TII TII 1 1/4 04/15/28 1500000 2.35%
TITIM TELECOM ITALIA S 5.303 30MAY24 144A 300000 0.48%
TREE TREE 0 1/2 07/15/25 750000 0.95%
UBER Uber Technologies Inc. 300000 0.50%
UKRAIN UKRAIN 7 3/4 09/01/28 1500000 0.75%
VAL VALARIS LTD 8.375 4/30/2030 300000 0.50%
WCC WESCO DISTR INC 7.125 15JUN25 300000 0.49%
AGGH SIMPLIFY AGGR BD PL CR HD ET 141854 4.99%
AGNC AGNC Investment Corp 47500 0.77%
BTAL BTAL 145338 4.61%
CEE CENT EUROP COM USD0.001 38957 0.55%
EMD Western Asset Emerging Markets Debt Fund Inc 165500 2.28%
NLY ANNALY CAP MGMT INC 23200 0.76%
PFIX Simplify Interest Rate Hedge ETF 14834 1.93%
TUA Simplify Short Term Treasury Futures ETF 335495 11.65%
OCSL OAKTREE SPECIALTY LENDING USD 0.001 187655 6.09%
SAR SARATOGA INVT CORP USD 0.0001 36500 1.50%
FVZ3 COM US 5YR NOTE (CBT) DEC23 -45 0.04%
SFRM4 COM 3 MONTH SOFR FUT JUN24 62 -0.04%
SFRZ3 COM 3 MONTH SOFR FUT Dec23 62 -0.01%
SFRZ4 COM 3 MONTH SOFR FUT DEC24 -124 0.10%
AAL US 01/19/24 P12 AAL Jan 2024 12 Put 600 0.05%
CCL US 01/19/24 P14 CCL Jan 2024 14 Put 300 0.06%
CVNA US 01/19/24 P40 CVNA Jan 2024 40 Put 50 0.06%
CZR US 01/19/24 P46 CZR Jan 2024 46 Put 110 0.05%
DAL US 01/19/24 P35 DAL Jan 2024 35 Put 300 0.06%
HYG US 01/19/24 P68 HYG Jan 2024 68 Put -220 -0.01%
HYG US 12/15/23 C76 HYG Dec 2023 76 Call 150 0.01%
WDC US 01/19/24 P40 WDC Jan 2024 40 Put 165 0.04%
T Bills B 11/09/23 3000000 4.77%
T Bills B 12/21/23 13500000 21.33%
AGNC AGNC 10.6806 PERP Pfd 11900 0.50%
CIM CIM 8 PERP 24800 0.80%
FBRT FBRT 7 1/2 PERP 11300 0.37%
NLY NLY 10.5309 PERP Pfd 11700 0.47%
PEMEX PEMEX 4 5/8 09/21/23 — —
QRTEA QRTEA 8 Pfd 13900 0.73%
RITM RITM 7 PERP 45564 1.55%
RITM RITM 6 3/8 PERP Pfd 19996 0.64%
- Estimated Cash 309285 0.50%

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
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
View Distribution History

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