Skip to main content

HARD

Simplify Commodities Strategy No K-1 ETF

as of 12/13/2024

NAV

$ 27.02

NAV Change

+ $ 0.15 /0.56%

Price

$ 26.99

Price Change

+ $ 0.20 /0.75%
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.

Fund Overview

As of 12/13/2024

Ticker Symbol
HARD
Gross Expense Ratio
0.75%
CUSIP
82889N566
Total Assets
$7,431,671.52
Shares Outstanding
275,001
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.
4.77%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 11/30/2024 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.
-
30-Day SEC Yield (Unsubsidized) as of 11/30/2024
2.26%
Options Available
No
Inception Date
03/27/2023
Premium/Discount (%) as of 12/13/2024
-0.13%
NAV Per Share as of 12/13/2024
$27.02
Market Price as of 12/13/2024
$26.99
30-Day Median Bid-Ask Spread
0.26%
Bid/Ask
$26.94/$27.04
Midpoint Price
$26.99
Volume
4,621
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 Expenses 0.00%
Total Annual Fund Operating Expenses 0.75%

Fund Performance

As of 11/30/2024 09/30/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 6.34% 11.25% 7.90% 16.67% 17.45% 10.80%
Market Price 6.03% 11.39% 8.17% 16.65% 17.53% 10.77%
Annualized 1 Year 3 Year Since Inception
NAV 17.45% 6.29%
Market Price 17.53% 6.29%
Cumulative 1 Year Since Inception
NAV 2.54% 5.10%
Market Price 2.44% 5.10%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 2.54% 3.35%
Market Price 2.44% 3.35%

Historical Premium/Discount

Calendar Year 2023 3rd Quarter of 2024
Days Traded at Premium
122
34
Days Traded at Discount
70
30

Portfolio Holdings

Ticker Name Quantity Weight
BOF5 COM SOYBEAN OIL FUTR Jan25 1 0.34%
BOH5 COM SOYBEAN OIL FUTR Mar25 3 1.04%
BOK5 COM SOYBEAN OIL FUTR MAY25 1 0.35%
C H5 COM CORN FUTURE Mar25 21 6.24%
C K5 COM CORN FUTURE May25 6 1.81%
C N5 COM CORN FUTURE Jul25 3 0.91%
CCH5 COM COCOA FUTURE Mar25 10 15.21%
CCK5 COM COCOA FUTURE MAY25 4 5.85%
CCN5 COM COCOA FUTURE Jul25 1 1.40%
CLM5 COM WTI CRUDE FUTURE JUN25 1 0.94%
CTH5 COM COTTON NO.2 FUTR MAR25 19 8.85%
CTK5 COM COTTON NO.2 FUTR May25 5 2.37%
CTN5 COM COTTON NO.2 FUTR Jul25 1 0.48%
FCF5 COM CATTLE FEEDER FUT JAN25 9 15.60%
FCH5 COM CATTLE FEEDER FUT Mar25 9 15.60%
FCJ5 COM CATTLE FEEDER FUT Apr25 2 3.48%
GCG5 COM GOLD 100 OZ FUTR Feb25 8 28.80%
HGH5 COM COPPER FUTURE Mar25 1 1.41%
HOG5 COM NY Harb ULSD Fut Feb25 1 1.28%
HOH5 COM NY Harb ULSD Fut Mar25 1 1.28%
KCH5 COM COFFEE 'C' FUTURE Mar25 4 6.45%
KCK5 COM COFFEE 'C' FUTURE MAY25 3 4.80%
KWH5 COM KC HRW WHEAT FUT Mar25 2 0.75%
KWK5 COM KC HRW WHEAT FUT May25 2 0.76%
LCG5 COM LIVE CATTLE FUTR FEB25 27 27.91%
LCJ5 COM LIVE CATTLE FUTR Apr25 23 23.89%
LCM5 COM LIVE CATTLE FUTR JUN25 7 7.06%
LHG5 COM LEAN HOGS FUTURE Feb25 18 8.29%
LHJ5 COM LEAN HOGS FUTURE APR25 16 7.73%
LHM5 COM LEAN HOGS FUTURE Jun25 6 3.26%
NGG25 COM NATURAL GAS FUTR Feb25 2 0.84%
NGK25 COM NATURAL GAS FUTR May25 3 1.16%
NGM25 COM NATURAL GAS FUTR Jun25 3 1.24%
NGN25 COM NATURAL GAS FUTR Jul25 5 2.19%
NGQ25 COM NATURAL GAS FUTR Aug25 2 0.89%
NGU25 COM NATURAL GAS FUTR Sep25 4 1.77%
PLF5 COM PLATINUM FUTURE Jan25 5 3.11%
RSH5 COM CANOLA FUTR (WCE) Mar25 -3 -0.35%
RSK5 COM CANOLA FUTR (WCE) May25 -1 -0.12%
S F5 COM SOYBEAN FUTURE Jan25 2 1.33%
S H5 COM SOYBEAN FUTURE Mar25 1 0.67%
SBH5 COM SUGAR #11 (WORLD) MAR25 8 2.50%
SBK5 COM SUGAR #11 (WORLD) MAY25 7 2.03%
SBN5 COM SUGAR #11 (WORLD) JUL25 4 1.12%
SIH5 COM SILVER FUTURE Mar25 3 6.26%
SMH5 COM SOYBEAN MEAL FUTR Mar25 -2 -0.79%
W H5 COM WHEAT FUTURE(CBT) Mar25 1 0.37%
- TREASURY BILL DN 12/24 600,000 8.07%
- TREASURY BILL DN 1/25 3,350,000 44.92%
- TREASURY BILL DN 1/25 1,950,000 26.15%
- TREASURY BILL DN 4/25 700,000 9.30%
- TREASURY BILL DN 4/25 300,000 3.99%
- CANADIAN DOLLAR 18,545 0.18%
- Estimated Cash -27,489 -0.40%

As of

Category Weight Est. Initial Margin Contrib to Vol
COCOA FUTURE 23.08% 181,625 25.14%
GOLD 100 OZ FUTR 29.33% 101,200 13.48%
COFFEE 'C' FUTURE 11.38% 70,094 10.70%
LIVE CATTLE FUTR 51.72% 121,000 9.42%
CATTLE FEEDER FUT 34.98% 90,740 8.12%
LEAN HOGS FUTURE 20.04% 69,300 7.78%
SILVER FUTURE 8.56% 50,600 5.53%
NATURAL GAS FUTR 7.39% 53,130 5.28%
COTTON NO.2 FUTR 11.91% 50,253 3.74%
SUGAR #11 (WORLD) 5.74% 28,833 2.94%
PLATINUM FUTURE 3.82% 18,480 1.90%
NY HARB ULSD FUT 2.54% 12,650 1.32%
CORN FUTURE 3.62% 13,089 1.06%
SOYBEAN MEAL FUTR -3.22% 16,500 0.94%
COPPER FUTURE 1.44% 6,600 0.81%
SOYBEAN OIL FUTR 1.04% 5,060 0.79%
CANOLA FUTR (WCE) -1.08% 4,520 0.68%
SOYBEAN FUTURE -0.69% 1,980 0.20%
KC HRW WHEAT FUT 0.39% 1,870 0.15%
Total 211.98% 897,523 100.00%
Treasury Bill 92.92% 6,867,088 4.31%
Pure Cash 7.08% 523,605 0.00%
Total 100.00% 7,390,693 0.00%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.30000
$0.15000
$0.15000
$0.25516
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

Register for Simplify's Investor Hub

  • In-depth case studies provide valuable insights into practical portfolio problems and their solutions
  • Simplify curated model portfolios that show investors how to incorporate alternatives into their portfolio
  • Stay up-to-date with our latest thoughts on markets via our weekly market commentaries
Create Your Account
Register Info
Contact Us