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FIG

Simplify Macro Strategy ETF

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as of 09/20/2023

NAV

$ 22.74

NAV Change

- $ 0.10 /0.44%

Price

$ 22.77

Price Change

- $ 0.06 /0.26%
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 an 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.

FIG Fund Deep Dive Live - Discussion with FIG Portfolio Manager Mike Green, CFA

Fund Overview

As of 09/20/2023

Ticker Symbol
FIG
Gross Expense Ratio
0.97%
Net Expense Ratio
0.72%
CUSIP
82889N715
Total Assets
$43,203,115.30
Shares Outstanding
1,900,001
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.
3.67%
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.
3.67%
Unsubsidized 30-Day SEC Yield as of 08/31/2023
3.72%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 09/20/2023
0.14%
NAV Per Share as of 09/20/2023
$22.74
Market Price as of 09/20/2023
$22.77
30-Day Median Bid-Ask Spread
0.57%
Bid/Ask
$22.55/$22.89
Midpoint Price
$22.72
Volume
7,735
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.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 0.50% 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 08/31/2023 06/30/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -1.37% -2.19% -0.21% 0.34% -2.85% -2.98%
Market Price -2.31% -2.68% -1.14% -0.33% -3.89% -3.56%
Annualized 1 Year 3 Year Since Inception
NAV -2.85% -2.31%
Market Price -3.89% -2.77%
Cumulative 1 Year Since Inception
NAV 3.94% -1.89%
Market Price 4.33% -1.57%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 3.94% -1.68%
Market Price 4.33% -1.40%

Historical Premium/Discount

Calendar Year 2022 2nd Quarter of 2023
Days Traded at Premium
109
53
Days Traded at Discount
49
9
Ticker Name Quantity Weight
AGGH SIMPLIFY AGGREGATE BOND E 130832 6.65%
CDX SIMPLIFY HIGH YIELD PL CR 352075 17.90%
CTA SIMPLIFY MANAGED FUTURES 240328 15.22%
EQLS SIMPLIFY MKT NTRL EQ L/S 86368 4.78%
HARD SIMPLIFY COMMODITIES STR 113437 6.67%
IAU ISHARES GOLD TRUST 69851 5.92%
TUA SIM ST TREAS FUT STRAT ET 342917 17.21%
TYA SIMPLIFY INTERMEDIATE TER 176624 5.37%
SFRZ3 COM 3 MONTH SOFR FUT Dec23 450 -0.23%
AN US 10/20/23 P110 AN Oct 2023 110 Put 100 0.00%
CVNA US 10/20/23 C55 CVNA Oct 2023 55 Call -100 -0.04%
CVNA US 10/20/23 P55 CVNA Oct 2023 55 Put 100 0.30%
IWM US 12/29/23 P150 IWM Dec 2023 150 Put -3000 -0.57%
IWM US 12/29/23 P165 IWM Dec 2023 165 Put 1500 0.77%
NVDA US 10/20/23 P300 NVDA Oct 2023 300 Put 307 0.02%
SFRZ3C 94.5000 Comdty SFRZ3C 94.5000 Comdty 450 0.23%
SFRZ3C 95.0000 Comdty SFRZ3C 95.0000 Comdty -1350 -0.16%
SPY US 10/20/23 C425 SPY Oct 2023 425 Call 370 1.52%
SPY US 12/29/23 P330 SPY Dec 2023 330 Put 1000 0.16%
SPY US 12/29/23 P350 SPY Dec 2023 350 Put -2000 -0.46%
SPY US 12/29/23 P370 SPY Dec 2023 370 Put -2000 -0.72%
SPY US 12/29/23 P390 SPY Dec 2023 390 Put 2000 1.18%
VIX US 10/18/23 C35 VIX Oct 2023 35 Call 963 0.03%
VIX US 10/18/23 C55 VIX Oct 2023 55 Call -963 -0.02%
- TREASURY BILL DN 10/23 3000000 6.93%
- FIDELITY INV MMTRSY 1 680 128107 0.30%
- TSY INFL IX N/ 0.125 2/52 4100000 6.12%
- Estimated Cash 2119060 4.90%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
$0.07000 $0.00000 $0.00000 $0.00000 $0.07000
View Distribution History

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