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FIG

Simplify Macro Strategy ETF

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as of 05/13/2025

NAV

$ 23.55

NAV Change

+ $ 0.32 /1.38%

Price

$ 23.05

Price Change

+ $ 0.86 /3.88%
The Simplify Macro Strategy ETF (FIG) is a systematic macro strategy built to provide capital efficient and differentiated sources of absolute return.

FIG's portfolio consists of a robust mix of equity beta, currency, and risk-reversal overlays as well as diversifying and hedging strategies such as quantitative investment strategies, managed futures, and proprietary hedges.

The fund will opportunistically invest in equity, credit, interest rate, and FX derivatives (listed and OTC) to capitalize on attractive idiosyncratic market dislocations.


 
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Documents

Fund Overview

As of 05/13/2025

Ticker Symbol
FIG
Gross Expense Ratio
1.03%
Net Expense Ratio
0.78%
CUSIP
82889N715
Total Assets
$11,185,922.87
Shares Outstanding
475,001
Distribution Rate as of 04/30/2025 Distribution rate 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 rate.
Distribution Rate Close
Distribution rate 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 rate.
-
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 04/30/2025 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.
2.24%
30-Day SEC Yield (Unsubsidized) as of 04/30/2025
2.00%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 05/13/2025
-2.12%
NAV Per Share as of 05/13/2025
$23.55
Market Price as of 05/13/2025
$23.05
30-Day Median Bid-Ask Spread
1.42%
Bid/Ask
$23.04/$23.07
Midpoint Price
$23.06
Volume
13,294
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.SO
Schedule K-1
No
 
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution rate may contain return of capital but an estimate cannot be provided at this time. Please refer to the 19a-1 notices for additional details regarding the distributions’ composition once they become available.

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 Fees0.75%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.11%
Acquired Fund Fees and Expenses20.17%
Total Annual Fund Operating Expenses1.03%
Fee Waiver3(0.25)%
Total Annual Fund Operating Expenses After Fee Waiver0.78%

1. Other Expenses includes interest expenses of 0.11%.
2. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table do not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.
3. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fees to 0.50% ofthe Fund’s average daily net assets.

Fund Performance (Total Return)

As of 04/30/2025 03/31/2025

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 5.56% 3.97% 9.88% 7.59% 3.67% 0.00%
Market Price 5.08% 3.48% 10.07% 8.99% 3.59% 0.33%
Annualized 1 Year 3 Year Since Inception
NAV 3.67% — 0.00%
Market Price 3.59% — 0.11%
Cumulative 1 Year Since Inception
NAV -4.45% -5.27%
Market Price -3.62% -4.51%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -4.45% — — -1.86%
Market Price -3.62% — — -1.60%
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 2024 1st Quarter of 2025
Days Traded at Premium
50
13
Days Traded at Discount
202
47
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.

Portfolio Holdings

As of 05/13/2025

Holdings - All ETFs
Ticker Name Quantity Weight
CTA SIMPLIFY MANAGED FUTURES 57,827 14.28%
HARD SIMPLIFY COMMODITIES STR 57,827 14.92%
NXTI SIMPLIFY NEXT INTG C IDX 22,303 5.89%
NXTV SIMPLIFY NEXT INT VA IDX 22,303 5.10%
SPQ SIMPLIFY US EQUITY PLUS Q 27,750 6.36%
WUSA SIMPLIFY WO US EQ 150/50 49,400 10.82%
GLD US 05/14/25 P280 GLD May 2025 280 Put 65 0.00%
GLD US 05/14/25 P289 GLD May 2025 289 Put -65 0.00%
- TREASURY BILL DN 6/25 1,260,000 11.13%
- TREASURY BILL DN 7/25 350,000 3.08%
- TREASURY BILL DN 8/25 600,000 5.27%
- FIDELITY INV MMTRSY 1 680 99,208 0.88%
- CHINESE YUAN 19,527 0.02%
- SINGAPORE DOLLAR 2,353 0.02%
- MEXICAN PESO 5,703 0.00%
- HONG KONG DOLLAR 892 0.00%
- SOUTH AFRICAN RAND -210 0.00%
- RECV BABXSIMV 0.00 121225 10,264 60.35%
- RECV MS QUAL BASKET 2,439 25.83%
- RECV TRSSBARSOFR1M+750415 100,000 23.06%
- RECV MS JUNK BASKET SHORT 2,047,868 18.16%
- PAYB MS JUNK BASKET SHORT -2,709 -21.69%
- PAYB TRSSBARSOFR1M+750415 -2,484,780 -22.04%
- PAYB MS QUAL BASKET -2,733,338 -24.24%
- PAYB BABXSIMV 0.00 121225 -6,931,686 -61.47%
FOXY SIMPLIFY CURRENCY STRTGY 80,956 18.40%
- Estimated Cash 662,220 5.87%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.00000
$0.15000
$0.00000
$0.00000
View Distribution History
S19(a) Notices Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.
S19(a) Notices Close
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions. They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus not reflective of the tax information investors should expect. S19 reports are posted for regulatory requirements only.

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