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FIG

Simplify Macro Strategy ETF

as of 07/12/2024

NAV

$ 21.34

NAV Change

+ $ 0.03 /0.14%

Price

$ 21.22

Price Change

- $ 0.09 /0.42%
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 07/12/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.25%
Net Expense Ratio
1.00%
CUSIP
82889N715
Total Assets
$17,070,403.36
Shares Outstanding
800,001
Distribution Yield as of 05/31/2024 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.
-
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 05/31/2024 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.
5.91%
30-Day SEC Yield (Unsubsidized) as of 05/31/2024
5.66%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 07/12/2024
-0.55%
NAV Per Share as of 07/12/2024
$21.34
Market Price as of 07/12/2024
$21.22
30-Day Median Bid-Ask Spread
1.25%
Bid/Ask
$20.93/$21.40
Midpoint Price
$21.17
Volume
56,300
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.

Fund Performance

As of 06/30/2024 06/30/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -2.70% -8.24% -8.21% -8.21% -7.26% -9.02%
Market Price -2.29% -8.12% -8.28% -8.28% -7.51% -8.97%
Annualized 1 Year 3 Year Since Inception
NAV -7.26% -4.35%
Market Price -7.51% -4.33%
Cumulative 1 Year Since Inception
NAV -7.26% -9.02%
Market Price -7.51% -8.97%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -7.26% -4.35%
Market Price -7.51% -4.33%

Historical Premium/Discount

Calendar Year 2023 2nd Quarter of 2024
Days Traded at Premium
147
15
Days Traded at Discount
103
48

Portfolio Holdings

Ticker Name Quantity Weight
CDX SIMPLIFY HIGH YIELD PL CR 90391 12.28%
CTA SIMPLIFY MANAGED FUTURES 72485 11.05%
EQLS SIMPLIFY MKT NTRL EQ L/S 111552 15.14%
IAU ISHARES GOLD TRUST 24368 6.51%
NXTI SIMPLIFY NEXT INTG C IDX 34782 5.43%
NXTV SIMPLIFY NEXT INT VA IDX 34782 5.45%
SPQ SIMPLIFY US EQTY P QIS ET 43274 7.84%
TUA SIM ST TREAS FUT STRAT ET 95514 12.27%
TYA SIMPLIFY INTERMEDIATE TER 25361 2.00%
SFRZ4 COM 3 MONTH SOFR FUT Dec24 400 2.20%
CVNA US 08/16/24 C100 CVNA Aug 2024 100 Call -100 -2.27%
CVNA US 08/16/24 C140 CVNA Aug 2024 140 Call 100 0.81%
CVNA US 08/16/24 P50 CVNA Aug 2024 50 Put -1250 -0.11%
CVNA US 08/16/24 P65 CVNA Aug 2024 65 Put 1250 0.22%
CVNA US 08/16/24 P70 CVNA Aug 2024 70 Put 500 0.07%
SFRZ4C 95.5000 COMDTY SFRZ4C 95.5000 COMDTY -400 -0.64%
SPXW US 07/19/24 C5530 SPXW Jul 2024 5530 Call 2 0.12%
SPXW US 07/19/24 P5025 SPXW Jul 2024 5025 Put 12 0.00%
SPXW US 07/19/24 P5360 SPXW Jul 2024 5360 Put -12 -0.01%
SPXW US 07/26/24 C5535 SPXW Jul 2024 5535 Call 2 0.13%
SPXW US 07/26/24 P5090 SPXW Jul 2024 5090 Put 12 0.01%
SPXW US 07/26/24 P5430 SPXW Jul 2024 5430 Put -12 -0.03%
SPXW US 08/02/24 C5640 SPXW Aug 2024 5640 Call 2 0.06%
SPXW US 08/09/24 C5710 SPXW Aug 2024 5710 Call 1 0.02%
SPXW US 08/30/24 P4250 SPXW Aug 2024 4250 Put -200 -0.22%
SPXW US 08/30/24 P4500 SPXW Aug 2024 4500 Put 84 0.13%
SPXW US 08/30/24 P4750 SPXW Aug 2024 4750 Put 50 0.12%
- CURRENCY CONTRACT - AUD 3348684 0.48%
- FIDELITY INV MMTRSY 1 680 80553 0.47%
- CURRENCY CONTRACT - HUF 1060433699 0.45%
- CURRENCY CONTRACT - MXN 15303393 0.40%
- CURRENCY CONTRACT - GBP -451731 0.32%
- CURRENCY CONTRACT - ZAR 28523767 0.26%
- CURRENCY CONTRACT - IDR 28259460000 0.22%
- CURRENCY CONTRACT - CHF -342506 0.07%
- CURRENCY CONTRACT - CAD 1932251 0.06%
- CURRENCY CONTRACT - SGD 203252 0.02%
- CURRENCY CONTRACT - NZD 4766765 0.02%
- CURRENCY CONTRACT - SEK 26030165 0.02%
- CURRENCY CONTRACT - HKD 2411803 0.00%
- SINGAPORE DOLLAR 0.00%
- CHINESE YUAN 0.00%
- MEXICAN PESO 0.00%
- SOUTH AFRICAN RAND -0 0.00%
- CURRENCY CONTRACT - CNH 3292421 0.00%
- CURRENCY CONTRACT - TWD 45192893 0.00%
- CURRENCY CONTRACT - BRL 8849644 0.00%
- CURRENCY CONTRACT - KRW 600322800 0.00%
- CURRENCY CONTRACT - JPY 163056581 -0.02%
- CURRENCY CONTRACT - NOK 80537595 -0.56%
- CURRENCY CONTRACT - USD -31944819508 -1.16%
- TSY INFL IX N/ 0.125 2/52 5100000 19.81%
- Estimated Cash 100093 0.59%

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
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
$0.08000 $0.00000 $0.00000 $0.00000 $0.08000
$0.00000 $0.00000 $0.00000 $0.00000 $0.00000
View Distribution History

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