FIG

Simplify Macro Strategy ETF

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as of 11/25/2022

NAV

$ 24.22

NAV Change

- $ 0.17 /0.70%

Price

$ 24.22

Price Change

- $ 0.16 /0.66%
The Simplify Macro Strategy ETF (FIG) is a modern take on the balanced portfolio, built to help navigate today’s toughest asset allocation challenges.

With strong potential headwinds to bonds, stretched equity valuations, continued inflationary pressures, and increasingly fragile market structure, the classic balanced portfolio may have challenging years ahead.

FIG addresses these concerns by creating a robust portfolio comprised of equities with positive convexity, diversified and inflation-hedging managed futures, and a suite of income sources with low sensitivity to duration.

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

Fund Overview

As of 11/25/2022

Ticker Symbol
FIG
Gross Expense Ratio
0.97%
Net Expense Ratio
0.72%
CUSIP
82889N715
Total Assets
$21,192,157.43
Shares Outstanding
875,001
SEC 30-Day Yield as of 10/31/2022 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.
5.53%
Unsubsidized 30-Day SEC Yield as of 10/31/2022
5.53%
Distribution Frequency
Monthly
Distribution Yield as of 10/31/2022 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.
6.17%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 11/25/2022
0.00%
NAV
$24.22
NAV Per Share as of 11/25/2022
$24.22
Market Price as of 11/25/2022
$24.22
30-Day Median Bid-Ask Spread
0.81%
Bid/Ask
$24.13/$24.34
Midpoint Price
$24.24
Volume
1,810
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.SO
 
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 0.50% 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 0.75%
Distribution and Service (12b-1) Fees 0.00%
Acquired Fund Fees and Expenses1 0.22%
Total Annual Fund Operating Expenses 0.97%
Fee Waiver and/or Expense Reimbursement2 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.72%
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 0.50% 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 or those in place at the time of recapture. Any waived fees may be recouped within three years from the date when the amount was waived or reimburses. 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 10/31/2022 09/30/2022

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 0.58% -6.31% -4.40%
Market Price 0.07% -6.67% -4.15%
Annualized 1 Year 3 Year Since Inception
NAV
Market Price
Cumulative 1 Year Since Inception
NAV -4.96%
Market Price -4.21%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV
Market Price

Historical Premium/Discount

Calendar Year 2021 3rd Quarter of 2022
Days Traded at Premium
N/A
49
Days Traded at Discount
N/A
14
Ticker Name Quantity Weight
CDX SIMPLIFY HIGH YIELD PL CR 189505 19.96%
CTA SIMPLIFY MANAGED FUTURES 150940 19.91%
TUA SIM ST TREAS FUT STRAT ET 128600 14.99%
SVOL SIMPLIFY VOLATILITY PREMI 144900 14.93%
TYA SIMPLIFY INTERMEDIATE TER 81340 6.03%
- FIDELITY INV MMTRSY 1 680 1207339 5.70%
IAU ISHARES GOLD TRUST 32171 5.05%
RADI RADIUS GLOBAL INFRASTRUCT 29061 1.50%
SPY US 12/16/22 P340 SPY Dec 2022 340 Put 900 0.08%
SPY US 12/16/22 P350 SPY Dec 2022 350 Put 21 0.00%
SPY US 12/16/22 C423 SPY Dec 2022 423 Call -180 -0.07%
EEM US 01/20/23 C30 EEM Jan 2023 30 Call 556 1.99%
SMH US 01/20/23 P165 SMH Jan 2023 165 Put 473 0.18%
SMH US 01/20/23 P140 SMH Jan 2023 140 Put -603 -0.07%
SPY US 03/17/23 C320 SPY Mar 2023 320 Call 153 6.29%
SPY US 12/15/23 C320 SPY Dec 2023 320 Call 49 2.39%
- Estimated Cash 237904 1.12%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.14212 $0.00000 $0.00000 $0.00000 $0.14212
$0.12142 $0.00000 $0.00000 $0.00000 $0.12142
$0.07433 $0.00000 $0.00000 $0.00000 $0.07433
$0.00219 $0.00000 $0.00000 $0.00000 $0.00219
$0.07064 $0.00000 $0.00000 $0.00000 $0.07064
View Distribution History