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GAEM

Simplify Gamma Emerging Market Bond ETF

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As of 09/08/2025

NAV

$ 26.60

NAV Change

- $ 0.03 /0.11%

Price

$ 26.63

Price Change

- $ 0.04 /0.15%
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.
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Documents

Fund Overview

As of 09/08/2025

Ticker Symbol
GAEM
Gross Expense Ratio
0.96%
Net Expense Ratio
0.76%
CUSIP
82889N459
Total Assets
$11,968,069.33
Shares Outstanding
450,001
Distribution Rate as of 06/30/2025 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.
6.26%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 08/31/2025 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.
6.78%
30-Day SEC Yield (Unsubsidized) as of 08/31/2025
6.58%
Portfolio Duration
6.05
Options Available
No
Inception Date
08/12/2024
Premium/Discount (%) as of 09/08/2025
0.13%
NAV Per Share as of 09/08/2025
$26.60
Market Price as of 09/08/2025
$26.63
30-Day Median Bid-Ask Spread
0.08%
Bid/Ask
$26.62/$26.65
Midpoint Price
$26.64
Volume
373
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. Distribution includes an estimated 0% Return of Capital ("ROC"). The ROC percentage indicates the percentage of the distribution that reflects an investor's initial investment.

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 Fees0.95%
Distribution and Service (12b-1) Fees0.00%
Other Expenses10.01%
Total Annual Fund Operating Expenses0.96%
Fee Waiver20.20%
Total Annual Fund Operating Expenses After Fee Waiver0.76%

1. Other Expenses are estimated for the Fund’s initial fiscal year. 
2. The Fund’s adviser has contractually agreed, through at least October 31, 2025, to waive its management fee to 0.75% of the Fund’s average daily net assets.

Fund Performance (Total Return)

As of 08/31/2025 06/30/2025

Monthly Quarterly Annually
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 1.66% 5.20% 6.06% 8.74% 11.92% 13.03%
Market Price 1.85% 5.12% 5.67% 8.70% 11.79% 12.72%
Annualized 1 Year 3 Year Since Inception
NAV 11.92% — 12.35%
Market Price 11.79% — 12.09%
Cumulative 1 Year Since Inception
NAV — 9.42%
Market Price — 9.48%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
Calendar Year NAV Market Price
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. 

Historical Premium/Discount

Calendar Year 2024 2nd Quarter of 2025
Days Traded at Premium
84
36
Days Traded at Discount
14
26
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 09/08/2025

Holdings - All ETFs
Ticker Name Quantity Weight
- TREASURY BILL 0 9/23/2025 300,000 2.50%
- TREASURY BILL 0 10/7/2025 120,000 1.00%
- TREASURY BILL 0 10/23/2025 360,000 2.99%
- DREYFUS TRSY OBLIG CASH MGMT CL INS 12,776 0.11%
- EURO — 0.00%
- AES ESPANA BV 5.7 5/4/2028 180,000 1.46%
- EMPRESA GEN ELEC HAINA 5.625 11/8/2028 250,000 2.05%
- INVEST ENERGY RES LTD 6.25 4/26/2029 200,000 1.67%
- EMPRESAS PUBLIC MEDELLIN 4.25 7/18/2029 200,000 1.57%
- TELECOM OF TRIN & TOBAGO 8.875 10/18/2029 200,000 1.70%
- ARIS MINING CORP 8 10/31/2029 200,000 1.73%
- REPUBLIC OF PANAMA 3.16 1/23/2030 300,000 2.33%
- VOLCAN CIA MINERA SAA-CM 8.75 1/24/2030 200,000 1.71%
- CABLE ONDA SA 4.5 1/30/2030 200,000 1.61%
- LATAM AIRLINES GROUP SA 7.875 4/15/2030 200,000 1.73%
- COLOMBIA TELECOMUNICACIO 4.95 7/17/2030 408,000 3.11%
- CSN RESOURCES SA 8.875 12/5/2030 150,000 1.25%
- LD CELULOSE INTERNATIONA 7.95 1/26/2032 200,000 1.76%
- ECOPETROL SA 7.75 2/1/2032 250,000 2.17%
- PLUSPETROL SA 8.5 5/30/2032 200,000 1.68%
- ENFRAGEN ENERGIA SUR SAU 8.499 6/30/2032 200,000 1.72%
- BOROO INVESTMENTS 9.5 8/7/2032 200,000 1.58%
- REPUBLIC OF PANAMA 2.252 9/29/2032 250,000 1.68%
- TELECOM ARGENTINA SA 9.25 5/28/2033 200,000 1.66%
- FED REPUBLIC OF BRAZIL 6 10/20/2033 200,000 1.70%
- BRASKEM NETHERLANDS 8 10/15/2034 250,000 1.48%
- HONDURAS GOVERNMENT 8.625 11/27/2034 350,000 3.17%
- BANCOLOMBIA SA 8.625 12/24/2034 200,000 1.80%
- COMISION FEDERAL DE ELEC 6.45 1/24/2035 400,000 3.39%
- REPUBLIC OF EL SALVADOR 7.65 6/15/2035 250,000 2.07%
- PETROLEOS MEXICANOS 6.625 6/15/2035 170,000 1.36%
- BANCO DAVIVIENDA SA 8.125 7/2/2035 250,000 2.18%
- REPUBLIC OF ARGENTINA STEP-CPN 7/9/2035 500,000 2.36%
- NATIONAL GAS CO 6.05 1/15/2036 100,000 0.78%
- ECOPETROL SA 8.375 1/19/2036 300,000 2.59%
- REPUBLIC OF PANAMA 6.7 1/26/2036 400,000 3.48%
- COMMONWEALTH OF BAHAMAS 8.25 6/24/2036 300,000 2.64%
- KINGSTON AIRPORT REV FIN 6.75 12/15/2036 200,000 1.73%
- DOMINICAN REPUBLIC 10.5 3/15/2037 30,000,000 4.10%
- UEP PENNONOME II SA 6.5 10/1/2038 202,777 1.52%
- REPUBLIC OF EL SALVADOR 7.625 2/1/2041 250,000 1.95%
- PETROLEOS MEXICANOS 7.69 1/23/2050 500,000 3.77%
- REPUBLIC OF COLOMBIA 8.75 11/14/2053 310,000 2.84%
- REPUBLIC OF PANAMA 6.853 3/28/2054 200,000 1.64%
- REPUBLIC OF COLOMBIA 8.375 11/7/2054 200,000 1.77%
- REPUBLIC OF EL SALVADOR 9.65 11/21/2054 250,000 2.20%
- DOMINICAN REPUBLIC 7.15 2/24/2055 200,000 1.78%
- FED REPUBLIC OF BRAZIL 7.25 01/12/2056 200,000 1.65%
- REPUBLIC OF PANAMA 7.875 3/1/2057 300,000 2.74%
- DOMINICAN REPUBLIC 5.875 1/30/2060 343,000 2.55%
- Estimated Cash -2,743 -0.02%

Holdings are subject to change without notice.

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.40000
$0.40000
$0.94765
View Distribution History

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