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FIG

Simplify Macro Strategy ETF

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as of 10/21/2024

NAV

$ 21.21

NAV Change

- $ 0.14 /0.66%

Price

$ 21.12

Price Change

- $ 0.17 /0.80%
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 10/21/2024

Ticker Symbol
FIG
Gross Expense Ratio
1.25%
Net Expense Ratio
1.00%
CUSIP
82889N715
Total Assets
$13,787,229.96
Shares Outstanding
650,001
Distribution Rate as of 09/30/2024 Distribution rate 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 rate.
Distribution Rate Close
Distribution rate 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 rate.
4.46%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 09/30/2024 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.
6.50%
30-Day SEC Yield (Unsubsidized) as of 09/30/2024
5.10%
Options Available
No
Inception Date
05/16/2022
Premium/Discount (%) as of 10/21/2024
-0.43%
NAV Per Share as of 10/21/2024
$21.21
Market Price as of 10/21/2024
$21.12
30-Day Median Bid-Ask Spread
0.74%
Bid/Ask
$20.94/$21.30
Midpoint Price
$21.12
Volume
114
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 09/30/2024 09/30/2024

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.47% 3.20% -5.23% -5.21% -1.30% -6.03%
Market Price 1.18% 3.02% -5.34% -5.51% -2.03% -6.22%
Annualized 1 Year 3 Year Since Inception
NAV -1.30% — -2.59%
Market Price -2.03% — -2.67%
Cumulative 1 Year Since Inception
NAV -1.30% -6.03%
Market Price -2.03% -6.22%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV -1.30% — — -2.59%
Market Price -2.03% — — -2.67%
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 3rd Quarter of 2024
Days Traded at Premium
147
10
Days Traded at Discount
103
54
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 10/21/2024

Holdings - All ETFs
Ticker Name Quantity Weight
CTA SIMPLIFY MANAGED FUTURES 177,386 34.42%
NXTI SIMPLIFY NEXT INTG C IDX 29,347 6.13%
NXTV SIMPLIFY NEXT INT VA IDX 29,347 5.87%
QIS SIMPLIFY MULTI-QIS ALT ET 198,500 34.97%
SPQ SIMPLIFY US EQTY P QIS ET 36,514 8.29%
NDXP US 10/25/24 P18550 NDXP Oct 2024 18550 Put 2 0.00%
NDXP US 10/25/24 P19570 NDXP Oct 2024 19570 Put -2 -0.01%
NDXP US 10/30/24 P18000 NDXP Oct 2024 18000 Put 1 0.00%
NDXP US 10/30/24 P19150 NDXP Oct 2024 19150 Put -1 -0.01%
NDXP US 11/01/24 P18200 NDXP Nov 2024 18200 Put 1 0.00%
NDXP US 11/01/24 P19300 NDXP Nov 2024 19300 Put -1 -0.02%
RUTW US 10/25/24 P2040 RUTW Oct 2024 2040 Put 19 0.00%
RUTW US 10/25/24 P2150 RUTW Oct 2024 2150 Put -19 -0.01%
RUTW US 10/30/24 P2050 RUTW Oct 2024 2050 Put 17 0.01%
RUTW US 10/30/24 P2175 RUTW Oct 2024 2175 Put -17 -0.07%
RUTW US 11/01/24 P2040 RUTW Nov 2024 2040 Put 9 0.01%
RUTW US 11/01/24 P2160 RUTW Nov 2024 2160 Put -9 -0.05%
RUTW US 11/22/24 C2345 RUTW Nov 2024 2345 Call 70 1.37%
SPXW US 10/25/24 P5350 SPXW Oct 2024 5350 Put 6 0.00%
SPXW US 10/25/24 P5660 SPXW Oct 2024 5660 Put -6 0.00%
SPXW US 10/30/24 P5250 SPXW Oct 2024 5250 Put 5 0.00%
SPXW US 10/30/24 P5620 SPXW Oct 2024 5620 Put -5 -0.01%
SPXW US 11/01/24 P5270 SPXW Nov 2024 5270 Put 2 0.00%
SPXW US 11/01/24 P5640 SPXW Nov 2024 5640 Put -2 -0.01%
SPXW US 11/08/24 C5925 SPXW Nov 2024 5925 Call 5 0.19%
- TREASURY BILL DN 1/25 950,000 6.82%
- CURRENCY CONTRACT - USD -4,234,506,481 4.74%
- FIDELITY INV MMTRSY 1 680 51,009 0.37%
- CURRENCY CONTRACT - ZAR 24,414,020 0.12%
- CURRENCY CONTRACT - TWD 25,192,878 0.05%
- CURRENCY CONTRACT - MXN 17,591,086 0.03%
- HONG KONG DOLLAR 892 0.00%
- SINGAPORE DOLLAR — 0.00%
- MEXICAN PESO — 0.00%
- SOUTH AFRICAN RAND — 0.00%
- CHINESE YUAN — 0.00%
- CURRENCY CONTRACT - CNH 1,996,171 0.00%
- CURRENCY CONTRACT - SGD 122,061 -0.01%
- CURRENCY CONTRACT - KRW 623,348,000 -0.01%
- CURRENCY CONTRACT - BRL 6,350,653 -0.18%
- CURRENCY CONTRACT - COP 5,002,529,078 -0.20%
- CURRENCY CONTRACT - CHF -635,722 -0.25%
- CURRENCY CONTRACT - NOK 24,004,629 -0.35%
- CURRENCY CONTRACT - NZD 1,148,453 -0.35%
- CURRENCY CONTRACT - CAD 739,425 -0.36%
- CURRENCY CONTRACT - AUD 2,470,652 -0.50%
- CURRENCY CONTRACT - SEK 32,389,462 -0.55%
- CURRENCY CONTRACT - GBP -1,310,123 -0.57%
- CURRENCY CONTRACT - JPY 628,519,190 -0.95%
- MS QUAL BASKET -3,588,604 -0.08%
- MS JUNK BASKET SHORT 1,757,510 -0.08%
- Estimated Cash 169,916 1.23%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.08000
$0.00000
$0.00000
$0.08000
View Distribution History

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