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HARD

Simplify Commodities Strategy No K-1 ETF

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as of 09/27/2023

NAV

$ 25.58

NAV Change

+ $ 0.15 /0.59%

Price

$ 25.64

Price Change

+ $ 0.20 /0.79%
Commodities are a terrific way to hedge portfolios against strong inflation, but long-only commodity investments are challenging to hold over strategic horizons given their prevalence for extended periods of underperformance.

The Simplify Commodities Strategy No K-1 ETF (HARD) seeks long term capital appreciation by systematically investing in commodity futures in an attempt to create commodity exposure that performs strongly during inflationary periods while still performing well in more typical market environments.

To this end, HARD deploys a suite of systematic long/short (l/s) models that have been designed by Altis Partners, a commodity trading advisor with over 20 years of experience.
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Documents

Fund Overview

As of 09/27/2023

Ticker Symbol
HARD
Gross Expense Ratio
0.75%
CUSIP
82889N566
Total Assets
$8,312,062.65
Shares Outstanding
325,001
Distribution Yield as of 06/30/2023 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.
1.62%
Distribution Frequency
Quarterly
SEC 30-Day Yield as of 08/31/2023 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.
2.61%
Unsubsidized 30-Day SEC Yield as of 08/31/2023
2.61%
Options Available
No
Inception Date
03/27/2023
Premium/Discount (%) as of 09/27/2023
0.25%
NAV Per Share as of 09/27/2023
$25.58
Market Price as of 09/27/2023
$25.64
30-Day Median Bid-Ask Spread
0.20%
Bid/Ask
$25.54/$25.60
Midpoint Price
$25.57
Volume
17,139
NAV Symbol
HARD.NV
IOPV Symbol
HARD.IV
Shares Out. Symbol
HARD.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 0.00%
Total Annual Fund Operating Expenses 0.75%
1. Other Expenses are estimated for the Fund’s initial fiscal year.

Fund Performance

As of 08/31/2023 06/30/2023

Monthly Quarterly
Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV -0.50% 0.06% — — — 2.71%
Market Price -0.66% 0.09% — — — 2.63%
Annualized 1 Year 3 Year Since Inception
NAV — — —
Market Price — — —
Cumulative 1 Year Since Inception
NAV — -0.86%
Market Price — -0.86%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV — — — —
Market Price — — — —
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.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Historical Premium/Discount

Calendar Year 2022 2nd Quarter of 2023
Days Traded at Premium
N/A
46
Days Traded at Discount
N/A
16
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.
Ticker Name Quantity Weight
BOF4 COM SOYBEAN OIL FUTR Jan24 -2 -0.83%
BOH4 COM SOYBEAN OIL FUTR Mar24 -1 -0.41%
BOZ3 COM SOYBEAN OIL FUTR Dec23 -16 -6.73%
C H4 COM CORN FUTURE Mar24 -8 -2.40%
C K4 COM CORN FUTURE May24 -2 -0.61%
C N4 COM CORN FUTURE Jul24 -3 -0.92%
C Z3 COM CORN FUTURE DEC23 -1 -0.29%
CLF4 COM WTI CRUDE FUTURE Jan24 4 4.30%
CLG4 COM WTI CRUDE FUTURE Feb24 1 1.05%
CLH4 COM WTI CRUDE FUTURE Mar24 6 6.20%
CLM4 COM WTI CRUDE FUTURE Jun24 5 4.98%
CLX3 COM WTI CRUDE FUTURE Nov23 11 12.40%
CLZ3 COM WTI CRUDE FUTURE Dec23 10 10.98%
GCZ3 COM GOLD 100 OZ FUTR Dec23 -4 -9.10%
HGZ3 COM COPPER FUTURE Dec23 -5 -5.47%
HOX3 COM NY Harb ULSD Fut Nov23 2 3.30%
NGF24 COM NATURAL GAS FUTR Jan24 -3 -1.28%
NGG24 COM NATURAL GAS FUTR Feb24 -3 -1.26%
NGH24 COM NATURAL GAS FUTR Mar24 -4 -1.54%
NGJ24 COM NATURAL GAS FUTR Apr24 -4 -1.43%
NGK24 COM NATURAL GAS FUTR May24 -2 -0.72%
NGX23 COM NATURAL GAS FUTR Nov23 -2 -0.70%
NGZ23 COM NATURAL GAS FUTR Dec23 -4 -1.58%
S F4 COM SOYBEAN FUTURE Jan24 -3 -2.39%
S H4 COM SOYBEAN FUTURE Mar24 -4 -3.21%
SIZ3 COM SILVER FUTURE Dec23 -2 -2.73%
W H4 COM WHEAT FUTURE(CBT) Mar24 -8 -2.92%
W K4 COM WHEAT FUTURE(CBT) May24 -2 -0.75%
W Z3 COM WHEAT FUTURE(CBT) Dec23 -10 -3.49%
XBX3 COM GASOLINE RBOB FUT Nov23 5 6.44%
XBZ3 COM GASOLINE RBOB FUT Dec23 -1 -1.25%
- TREASURY BILL DN 10/23 2400000 28.85%
- TREASURY BILL DN 12/23 2500000 29.71%
- TREASURY BILL DN 12/23 654000 7.77%
- TREASURY BILL DN 12/23 500000 5.94%
- TREASURY BILL DN 1/24 1000000 11.85%
- TREASURY BILL DN 1/24 400000 4.74%
- Estimated Cash 577086 6.94%

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
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
$0.10000 $0.00000 $0.00000 $0.00000 $0.10000
View Distribution History

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