FIG

Simplify Macro Strategy ETF

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as of 03/17/2023

NAV

$ 23.32

NAV Change

+ $ 0.00 /0.00%

Price

$ 23.45

Price Change

- $ 0.02 /0.09%
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.
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Documents

Fund Overview

As of 03/17/2023

Ticker Symbol
FIG
Gross Expense Ratio
0.97%
Net Expense Ratio
0.72%
CUSIP
82889N715
Total Assets
$36,730,962.27
Shares Outstanding
1,575,001
SEC 30-Day Yield as of 02/28/2023 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.
6.02%
Unsubsidized 30-Day SEC Yield as of 02/28/2023
4.54%
Distribution Frequency
Monthly
Distribution Yield as of 02/28/2023 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.
1.03%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 03/17/2023
0.55%
NAV
$23.32
NAV Per Share as of 03/17/2023
$23.32
Market Price as of 03/17/2023
$23.45
30-Day Median Bid-Ask Spread
0.72%
Bid/Ask
$23.45/$23.64
Midpoint Price
$23.55
Volume
5,386
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 02/28/2023 12/31/2022

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -0.75% -2.38% -2.65% 0.55% — -2.78%
Market Price -0.97% -2.21% -2.78% 0.81% — -2.45%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — -3.31%
Market Price — -3.24%
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 4th Quarter of 2022
Days Traded at Premium
109
41
Days Traded at Discount
48
22
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
CDX SIMPLIFY HIGH YIELD PL CR 341097 19.88%
CTA SIMPLIFY MANAGED FUTURES 299362 19.26%
TUA SIM ST TREAS FUT STRAT ET 230532 16.31%
SVOL SIMPLIFY VOLATILITY PREMI 260820 15.07%
TYA SIMPLIFY INTERMEDIATE TER 146412 6.61%
IAU ISHARES GOLD TRUST 57904 5.91%
PFIX SIMPLIFY INTEREST RATE HE 24503 4.28%
- FIDELITY INV MMTRSY 1 680 191369 0.52%
VIX US 03/22/23 C30 VIX Mar 2023 30 Call 900 0.22%
STWD US 04/21/23 P14 STWD Apr 2023 14 Put 1350 0.18%
SPY US 06/16/23 C350 SPY Jun 2023 350 Call 409 5.56%
ARES US 06/16/23 P60 ARES Jun 2023 60 Put 330 0.21%
ARES US 06/16/23 P55 ARES Jun 2023 55 Put 333 0.18%
ARES US 06/16/23 C80 ARES Jun 2023 80 Call -330 -0.44%
ARES US 06/16/23 C75 ARES Jun 2023 75 Call -333 -0.67%
- TREASURY BILL DN 9/23 361400 0.96%
SPY US 12/15/23 C320 SPY Dec 2023 320 Call 82 1.93%
EDZ3C 94.7500 Comdty EDZ3C 94.7500 Comdty 225 2.12%
EDZ3C 95.7500 Comdty EDZ3C 95.7500 Comdty -225 -1.26%
- Estimated Cash 1158745 3.16%

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
$0.02000 $0.00000 $0.00000 $0.00000 $0.02000
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
$0.39773 $0.00000 $0.00000 $0.00000 $0.39773
$0.14212 $0.00000 $0.00000 $0.00000 $0.14212
$0.12142 $0.00000 $0.00000 $0.00000 $0.12142
View Distribution History