GAEM Simplify Gamma Emerging Market Bond ETF
The Simplify Gamma Emerging Market Bond ETF (GAEM) seeks income and capital appreciation.
The fund is an actively managed ETF investing in debt securities of issuers in emerging market countries.
GAEM will primarily focus its investments on Latin American issuers, who currently display favorable investment fundamentals. As an actively managed ETF, GAEM will use fundamental, economic and political analysis to seek out securities with the most favorable return and risk profiles.
The fund is an actively managed ETF investing in debt securities of issuers in emerging market countries.
GAEM will primarily focus its investments on Latin American issuers, who currently display favorable investment fundamentals. As an actively managed ETF, GAEM will use fundamental, economic and political analysis to seek out securities with the most favorable return and risk profiles.
GAEM Spotlight
Fund Overview
As of 07/21/2026
Ticker Symbol
GAEM
Gross Expense Ratio
0.96%
Net Expense Ratio
0.76%
CUSIP
82889N459
Total Assets
$41,049,513.74
Shares Outstanding
1,525,001
Distribution Rate as of 06/30/2026
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.6.23%
Distribution Frequency
Monthly
30-Day SEC Yield (Subsidized) as of 06/30/2026
6.58%
30-Day SEC Yield (Unsubsidized) as of 06/30/2026
6.38%
Portfolio Duration
5.91
Options Available
No
Inception Date
08/12/2024
Premium/Discount (%) as of 07/21/2026
-0.14%
NAV Per Share as of 07/21/2026
$26.92
Market Price as of 07/21/2026
$26.88
30-Day Median Bid-Ask Spread
0.11%
Bid/Ask
$26.87/$26.90
Midpoint Price
$26.89
Volume
14,880
NAV Symbol
GAEM.NV
IOPV Symbol
GAEM.IV
Shares Out. Symbol
GAEM.SO
Schedule K-1
No
The Distribution Rate is the annual rate an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. The distribution may include a combination of ordinary dividends, capital gains, and return of investor capital and has the potential to change during any given tax year. Please refer to the 19a-1 Notice, which can be found on the Fund’s website, for information regarding the composition of distributions, including return of capital. The final determination of a distribution’s tax character will be made on Form 1099-DIV.
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 | 0.95% |
| Distribution and Service (12b-1) Fees | 0.00% |
| Other Expenses1 | 0.01% |
| Total Annual Fund Operating Expenses | 0.96% |
| Fee Waiver2 | (0.20%) |
| Total Annual Fund Operating Expenses After Fee Waiver | 0.76% |
1. Other Expenses includes interest expenses of 0.01%.
2. The Fund’s adviser has contractually agreed, through at least October 31, 2026, to waive its management fee to 0.75% of the Fund’s average daily net assets.
Fund Performance (Total Return)
As of 06/30/2026 06/30/2026
| Cumulative | 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|---|---|---|---|
| NAV | 1.42% | 5.87% | 4.38% | 4.38% | 11.85% | — | — | 22.40% |
| Market Price | 1.23% | 5.58% | 4.29% | 4.29% | 11.33% | — | — | 21.88% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 11.85% | — | — | 11.34% |
| Market Price | 11.33% | — | — | 11.10% |
| Cumulative | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 11.85% | — | — | 22.40% |
| Market Price | 11.33% | — | — | 21.88% |
| Annualized | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| NAV | 11.85% | — | — | 11.34% |
| Market Price | 11.33% | — | — | 11.10% |
| Calendar Year | NAV | Market Price |
|---|---|---|
| 2025 | 12.80% | 12.70% |
| 2024 | — | — |
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.
Growth of $10,000
The Growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted. Results are not indicative of future performance.
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
| Ticker | Name | Quantity | Weight |
|---|---|---|---|
| 00775CAE6 | AEGEA FIN S A R 7.625 20JAN36 144A | 500,000 | 1.04% |
| 040114HU7 | ARGENTINA REP 5.0 09JAN38 | 1,150,000 | 2.33% |
| 05151PAA8 | AUNA S A / ONCOSA 8.75 06NOV32 144A | 350,000 | 0.86% |
| 05369YAD1 | AVIANCA MIDCO 2 PL 9.5 28JAN31 144A | 400,000 | 0.92% |
| 056732AP5 | BAHAMAS COMWLTH 8.25 24JUN36 144A | 300,000 | 0.82% |
| 059501AG1 | BANCO DAVIVI 8.125 02JUL35 144A FRN | 550,000 | 1.40% |
| 05968LAN2 | BCOLO 8 5/8 12/24/34 Corp | 450,000 | 1.17% |
| 10001AAA3 | BOROO INVTS PTE LT 9.5 07AUG32 144A | 200,000 | 0.44% |
| 105756BW9 | BRAZIL FEDERATIVE REP 5.0 27JAN45 | 1,200,000 | 2.32% |
| 105756BY5 | BRAZIL FEDERATIVE REP 5.625 21FEB47 | 1,000,000 | 2.05% |
| 105756CL2 | BRAZIL FEDERATIVE REP 6.625 15MAR35 | 850,000 | 2.11% |
| 105756CN8 | BRAZIL FEDERATIVE REP 7.25 12JAN56 | 1,100,000 | 2.64% |
| 105756CQ1 | BRAZIL FEDERATIVE REP 6.25 22MAY36 | 300,000 | 0.72% |
| 195325BR5 | COLOMBIA REP 5.625 26FEB44 | 550,000 | 1.14% |
| 195325EG6 | COLOMBIA REP 7.5 02FEB34 | 700,000 | 1.82% |
| 25714PFC7 | DOMINICAN REP 7.15 24FEB55 144A | 200,000 | 0.51% |
| 25714PFH6 | DOMINICAN REP 6.15 17MAY38 144A | 500,000 | 1.19% |
| 25714WBX0 | DOMINICAN REP MIN 12.0 29MAY41 144A | 100,000,000 | 4.65% |
| 279158AN9 | ECOPETROL S A 6.875 29APR30 | 700,000 | 1.74% |
| 279158AV1 | ECOPET 8 3/8 01/19/36 Corp | 700,000 | 1.83% |
| 279158AW9 | ECOPETROL S A 7.75 01FEB32 | 580,000 | 1.47% |
| 27927WAR3 | ECUADOR REP 9.25 29JAN39 144A | 1,300,000 | 3.22% |
| 283875CG5 | EL SALVADOR REP 9.65 21NOV54 144A | 250,000 | 0.69% |
| 29277RAB1 | ENERGUATE TR 6.35 15SEP35 144A | 200,000 | 0.48% |
| 29281MAA8 | ENFRAGEN ENERGIA 8.499 30JUN32 144A | 500,000 | 1.28% |
| 40049JAZ0 | GRUPO TELEVISA S A B 6.625 15JAN40 | 600,000 | 1.29% |
| 40052JAA9 | GRUPO NUTRES 7.875 31DEC49 144A FRN | 300,000 | 0.72% |
| 438180AK7 | HONDURAS REP 8.625 27NOV34 144A | 350,000 | 0.98% |
| 46594TAB7 | J+F LUXEMBOURG FIN 8.5 01DEC32 144A | 400,000 | 0.97% |
| 49647QAA6 | KINGSTON ARPT REV 6.75 15DEC36 144A | 199,793 | 0.49% |
| 50206BAA0 | LNZAV 7.95 01/26/32 Corp | 200,000 | 0.51% |
| 603374AK5 | MINERVA LUXEMBOURG 7.5 22APR36 144A | 650,000 | 1.52% |
| 697660AG3 | PAMPA ENERGIA S A 7.75 14NOV37 144A | 500,000 | 1.24% |
| 706451BG5 | PEMEX 6 5/8 06/15/35 Corp | 780,000 | 1.82% |
| 71654QCP5 | PETROLEOS MEXICANOS 6.5 23JAN29 | 500,000 | 1.24% |
| 71654QDE9 | PEMEX 5.95 01/28/31 Corp | 800,000 | 1.92% |
| 71654QDP4 | PETROLEOS MEXICANOS 10.0 07FEB33 | 1,000,000 | 2.85% |
| 72942BAA3 | PLUSPETROL S A 8.5 30MAY32 144A | 200,000 | 0.51% |
| 72942BAC9 | PLUSPETROL S A 7.55 30SEP37 144A | 500,000 | 1.19% |
| 82653NAA5 | SIERRACOL ENERGY A 9.0 14NOV30 144A | 200,000 | 0.49% |
| 87876TAH7 | TECPETROL S A 7.625 03NOV30 144A | 476,000 | 1.19% |
| 879273AV2 | TELECOM ARGENTINA 9.25 28MAY33 144A | 200,000 | 0.52% |
| 91087BAX8 | UNITED MEXICAN STS 6.338 04MAY53 | 900,000 | 2.01% |
| 91087BBR0 | UNITED MEXICAN STS 6.125 09FEB38 | 1,200,000 | 2.83% |
| 92841RAC4 | VISTA ENERGY ARG 7.875 08APR38 144A | 100,000 | 0.25% |
| 92863UAD8 | VOLCAN COMPANIA MI 8.5 28OCT32 144A | 500,000 | 1.27% |
| 984245BB5 | YPF SOCIEDAD ANON 8.25 17JAN34 144A | 250,000 | 0.64% |
| A4S42PAA3 | LD CELULOSE INTERNATIO 7.95 26JAN32 | 250,000 | 0.64% |
| B 7/23/26 Govt | B 7/23/26 Govt | 430,000 | 1.05% |
| B 8/20/26 Govt | B 8/20/26 Govt | 80,000 | 0.19% |
| G2957NAD3 | AVIANCA MIDCO 2 PLC 9.5 28JAN31 | 250,000 | 0.58% |
| G5265VAA1 | KINGSTON AIRPORT REVEN 6.75 15DEC36 | 259,731 | 0.64% |
| L02668AA6 | SAAVI ENERGIA SARL 8.875 10FEB35 | 400,000 | 1.07% |
| L21779AJ9 | CSN RESOURCES SA 4.625 10JUN31 | 400,000 | 0.60% |
| L21779AL4 | CSN RESOURCES SA 8.875 05DEC30 | 350,000 | 0.58% |
| L6388GJA9 | TIGO 7 3/8 04/02/32 Corp | 300,000 | 0.75% |
| N01007AA6 | AES ESPANA BV 5.7 04MAY28 | 580,000 | 1.40% |
| P01012AN6 | EL SALVADOR GOVERNMENT 7.65 15JUN35 | 580,000 | 1.45% |
| P01012AR7 | EL SALVADOR GOVERNMEN 7.625 01FEB41 | 650,000 | 1.58% |
| P01012CF1 | EL SALVADOR GOVERNMENT 9.25 17APR30 | 800,000 | 2.09% |
| P01012CH7 | EL SALVADOR GOVERNMENT 9.65 21NOV54 | 400,000 | 1.10% |
| P06518AL1 | BAHAMAS GOVERNMENT INT 8.25 24JUN36 | 890,000 | 2.43% |
| P25619AC4 | PROVINCIA DEL CHUBUT A 9.45 29APR36 | 400,000 | 1.04% |
| P3579ECG0 | DOMINICAN REPUBLIC IN 5.875 30JAN60 | 793,000 | 1.67% |
| P3579ECW5 | DOMINICAN REPUBLIC INT 6.95 15MAR37 | 900,000 | 2.29% |
| P3579ECX3 | DOMINICAN REPUBLIC INT 7.15 24FEB55 | 250,000 | 0.63% |
| P3637MAB5 | ECUADOR GOVERNMENT INT 9.25 29JAN39 | 250,000 | 0.62% |
| P3R12FAC4 | EMPRESA GENERADORA DE 5.625 08NOV28 | 250,000 | 0.60% |
| P5041CAA4 | GRUPO NUTRESA SA 7.875 31DEC49 FRN | 500,000 | 1.21% |
| P5178RAE8 | HONDURAS GOVERNMENT I 8.625 27NOV34 | 100,000 | 0.28% |
| P62138AB1 | LATAM AIRLINES GROUP 7.875 15APR30 | 600,000 | 1.50% |
| P70809AB7 | NATIONAL GAS CO OF TRI 6.05 15JAN36 | 100,000 | 0.22% |
| P9028NCA7 | TELECOM ARGENTINA SA 9.25 28MAY33 | 250,000 | 0.65% |
| P90301AA3 | TELECOMMUNICATIONS SE 8.875 18OCT29 | 200,000 | 0.50% |
| P90375AV1 | TELEFONICA MOVILES CH 3.537 18NOV31 | 700,000 | 1.35% |
| P9434RAA8 | UEP PENONOME II SA 6.5 01OCT38 | 189,120 | 0.41% |
| P9659RAD0 | VISTA ENERGY ARGENTIN 7.875 08APR38 | 500,000 | 1.25% |
| P989MJBY6 | YPF SA 8.25 17JAN34 | 400,000 | 1.03% |
| U8215PAA3 | SIERRACOL ENERGY ANDINA 9.0 14NOV30 | 200,000 | 0.49% |
| YV8740818 | COMISION FEDERAL DE EL 6.45 24JAN35 | 400,000 | 0.97% |
| Cash | Cash | 749,704 | 1.83% |
Holdings are subject to change without notice.
Recent Distributions
| Ex-Dividend Date | Record Date | Payable Date | Total Distribution |
|---|---|---|---|
| N/A | |||
| $0.14000 | |||
| $0.14000 | |||
| $0.14000 | |||
| $0.14000 |
Data in the s19 reports should not be relied upon to estimate the tax classification of distributions.
They are rough point-in-time estimates that do not line up with the fund's fiscal year end and are thus
not reflective of the tax information investors should expect. S19 reports are posted for regulatory
requirements only.
