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FIG

Simplify Macro Strategy ETF

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as of 04/24/2024

NAV

$ 23.02

NAV Change

- $ 0.01 /0.04%

Price

$ 23.03

Price Change

+ $ 0.01 /0.04%
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.
 
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Documents

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

Fund Overview

As of 04/24/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.25%
Net Expense Ratio
1.00%
CUSIP
82889N715
Total Assets
$26,474,900.93
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 04/24/2024
0.04%
NAV Per Share as of 04/24/2024
$23.02
Market Price as of 04/24/2024
$23.03
30-Day Median Bid-Ask Spread
0.61%
Bid/Ask
$22.94/$23.13
Midpoint Price
$23.04
Volume
2,668
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

Monthly Quarterly
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%
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 2023 1st Quarter of 2024
Days Traded at Premium
147
13
Days Traded at Discount
103
48
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 04/24/2024

Holdings - All ETFs
Ticker Name Quantity Weight
CDX SIMPLIFY HIGH YIELD PL CR 146666 12.70%
CTA SIMPLIFY MANAGED FUTURES 126296 12.95%
EQLS SIMPLIFY MKT NTRL EQ L/S 280894 25.00%
IAU ISHARES GOLD TRUST 42281 7.00%
SPQ SIMPLIFY US EQTY P QIS ET 85097 9.04%
TUA SIM ST TREAS FUT STRAT ET 182351 14.61%
TYA SIMPLIFY INTERMEDIATE TER 36455 1.70%
KWN4 COM KC HRW WHEAT FUT Jul24 100 1.20%
CVNA US 08/16/24 C80 CVNA Aug 2024 80 Call -500 -2.57%
CVNA US 08/16/24 C85 CVNA Aug 2024 85 Call -500 -2.24%
CVNA US 08/16/24 P50 CVNA Aug 2024 50 Put -1250 -1.91%
CVNA US 08/16/24 P65 CVNA Aug 2024 65 Put 1250 4.43%
CVNA US 08/16/24 P70 CVNA Aug 2024 70 Put 500 2.21%
SPXW US 04/26/24 C5310 SPXW Apr 2024 5310 Call 3 0.00%
SPXW US 05/03/24 C5265 SPXW May 2024 5265 Call 3 0.00%
- FIDELITY INV MMTRSY 1 680 277559 1.05%
- CURRENCY CONTRACT - BRL 5230976 0.06%
- CURRENCY CONTRACT - NZD 534712 0.02%
- CURRENCY CONTRACT - GBP -147363 0.02%
- CURRENCY CONTRACT - HUF 390561644 0.02%
- CURRENCY CONTRACT - MXN 5787115 0.02%
- CURRENCY CONTRACT - AUD 554375 0.00%
- CURRENCY CONTRACT - ZAR 16030439 -0.02%
- CURRENCY CONTRACT - NOK 10199752 -0.03%
- CURRENCY CONTRACT - JPY 393787554 -0.03%
- CURRENCY CONTRACT - CHF -147058 -0.03%
- CURRENCY CONTRACT - USD -1911750391 -0.03%
- TSY INFL IX N/ 0.125 2/52 5100000 11.57%
- Estimated Cash 865115 3.27%

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
$0.08000 $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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