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FIG

Simplify Macro Strategy ETF

as of 04/12/2024

NAV

$ 22.85

NAV Change

+ $ 0.18 /0.79%

Price

$ 22.89

Price Change

+ $ 0.28 /1.24%
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, diversifying and hedging managed futures and commodities, and a suite of modern fixed income solutions.

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 04/12/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.25%
Net Expense Ratio
1.00%
CUSIP
82889N715
Total Assets
$26,281,534.90
Shares Outstanding
1,150,001
Distribution Yield as of 03/31/2024 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.
4.20%
Distribution Frequency
Monthly
SEC 30-Day Yield as of 03/31/2024 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.
5.23%
Unsubsidized 30-Day SEC Yield as of 03/31/2024
4.98%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 04/12/2024
0.16%
NAV Per Share as of 04/12/2024
$22.85
Market Price as of 04/12/2024
$22.89
30-Day Median Bid-Ask Spread
0.52%
Bid/Ask
$22.76/$23.02
Midpoint Price
$22.89
Volume
1,440
NAV Symbol
FIG.NV
IOPV Symbol
FIG.IV
Shares Out. Symbol
FIG.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 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses1 0.02%
Acquired Fund Fees and Expenses2 0.48%
Total Annual Fund Operating Expenses 1.25%
Fee Waiver3 (0.25)%
Total Annual Fund Operating Expenses After Fee Waiver 1.00%
1. Amount of interest expense included in percentage.

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, 2024, to waive its management fees to 0.50% of the Fund’s average daily net assets. 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 03/31/2024 12/31/2023

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.06% 0.02% 4.15% 0.02% 1.48% -0.85%
Market Price 1.10% -0.18% 3.50% -0.18% 1.04% -0.92%
Annualized 1 Year 3 Year Since Inception
NAV 1.48% -0.45%
Market Price 1.04% -0.50%
Cumulative 1 Year Since Inception
NAV 1.48% -0.85%
Market Price 1.04% -0.92%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 1.48% -0.45%
Market Price 1.04% -0.50%

Historical Premium/Discount

Calendar Year 2023 1st Quarter of 2024
Days Traded at Premium
147
13
Days Traded at Discount
103
48

Portfolio Holdings

Ticker Name Quantity Weight
CDX SIMPLIFY HIGH YIELD PL CR 146666 12.71%
CTA SIMPLIFY MANAGED FUTURES 126296 12.76%
EQLS SIMPLIFY MKT NTRL EQ L/S 280894 24.77%
IAU ISHARES GOLD TRUST 42281 7.13%
SPQ SIMPLIFY US EQTY P QIS ET 85097 9.22%
TUA SIM ST TREAS FUT STRAT ET 182351 14.77%
TYA SIMPLIFY INTERMEDIATE TER 36455 1.75%
KWN4 COM KC HRW WHEAT FUT Jul24 100 0.39%
CVNA US 08/16/24 C85 CVNA Aug 2024 85 Call -500 -2.35%
CVNA US 08/16/24 P70 CVNA Aug 2024 70 Put 500 2.35%
SPXW US 04/19/24 C5295 SPXW Apr 2024 5295 Call 3 0.00%
SPXW US 04/19/24 P4690 SPXW Apr 2024 4690 Put 20 0.01%
SPXW US 04/19/24 P5005 SPXW Apr 2024 5005 Put -20 -0.08%
SPXW US 04/26/24 C5310 SPXW Apr 2024 5310 Call 3 0.01%
SPXW US 05/03/24 C5265 SPXW May 2024 5265 Call 3 0.03%
- FIDELITY INV MMTRSY 1 680 298370 1.14%
- TSY INFL IX N/ 0.125 2/52 5100000 12.06%
- Estimated Cash 883210 3.36%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Ordinary Income Short Term Capital Gains Long Term Capital Gains Return of Capital Total Distribution
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
$0.28430 $0.00000 $0.00000 $0.00000 $0.28430
$0.06000 $0.00000 $0.00000 $0.00000 $0.06000
$0.06000 $0.00000 $0.00000 $0.00000 $0.06000
$0.06000 $0.00000 $0.00000 $0.00000 $0.06000
View Distribution History

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