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HARD

Simplify Commodities Strategy No K-1 ETF

as of 02/07/2025

NAV

$ 29.65

NAV Change

- $ 0.19 /0.64%

Price

$ 29.67

Price Change

- $ 0.23 /0.77%
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 02/07/2025

Ticker Symbol
HARD
Gross Expense Ratio
0.75%
CUSIP
82889N566
Total Assets
$38,544,360.47
Shares Outstanding
1,300,001
Distribution Rate as of 12/31/2024 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.
5.22%
Distribution Frequency
Quarterly
30-Day SEC Yield (Subsidized) as of 12/31/2024 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 12/31/2024
2.24%
Options Available
No
Inception Date
03/27/2023
Premium/Discount (%) as of 02/07/2025
0.07%
NAV Per Share as of 02/07/2025
$29.65
Market Price as of 02/07/2025
$29.67
30-Day Median Bid-Ask Spread
0.28%
Bid/Ask
$29.63/$29.71
Midpoint Price
$29.67
Volume
12,854
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 01/31/2025 12/31/2024

Cumulative 1 Month 3 Month 6 Month YTD 1 Year Since Inception
NAV 8.63% 17.78% 25.45% 8.63% 30.52% 22.72%
Market Price 7.32% 17.53% 25.70% 7.32% 30.59% 22.78%
Annualized 1 Year 3 Year Since Inception
NAV 30.52% 11.71%
Market Price 30.59% 11.75%
Cumulative 1 Year Since Inception
NAV 18.97% 12.98%
Market Price 20.48% 14.41%
Annualized 1 Year 3 Year 5 Year Since Inception
NAV 18.97% 7.16%
Market Price 20.48% 7.94%

Historical Premium/Discount

Calendar Year 2024 4th Quarter of 2024
Days Traded at Premium
125
34
Days Traded at Discount
127
30

Portfolio Holdings

Ticker Name Quantity Weight
BOK5 COM SOYBEAN OIL FUTR MAY25 -6 -0.43%
C H5 COM CORN FUTURE Mar25 41 2.59%
C K5 COM CORN FUTURE May25 134 8.70%
C N5 COM CORN FUTURE Jul25 67 4.39%
C U5 COM CORN FUTURE Sep25 27 1.64%
CCK5 COM COCOA FUTURE MAY25 9 2.36%
CCN5 COM COCOA FUTURE Jul25 5 1.28%
CLJ5 COM WTI CRUDE FUTURE APR25 -28 -5.14%
CLK5 COM WTI CRUDE FUTURE MAY25 -8 -1.46%
CLM5 COM WTI CRUDE FUTURE JUN25 -4 -0.73%
CLN5 COM WTI CRUDE FUTURE Jul25 -2 -0.36%
CLQ5 COM WTI CRUDE FUTURE Aug25 -2 -0.36%
CLU5 COM WTI CRUDE FUTURE Sep25 -2 -0.36%
CTH5 COM COTTON NO.2 FUTR MAR25 -1 -0.09%
CTK5 COM COTTON NO.2 FUTR May25 -73 -6.33%
CTN5 COM COTTON NO.2 FUTR Jul25 -21 -1.85%
FCH5 COM CATTLE FEEDER FUT Mar25 2 0.69%
FCJ5 COM CATTLE FEEDER FUT Apr25 2 0.69%
GCJ5 COM GOLD 100 OZ FUTR Apr25 50 37.47%
GCM5 COM GOLD 100 OZ FUTR Jun25 3 2.27%
HGH5 COM COPPER FUTURE Mar25 5 1.49%
HGK5 COM COPPER FUTURE MAY25 12 3.61%
HGN5 COM COPPER FUTURE Jul25 1 0.30%
HOH5 COM NY Harb ULSD Fut Mar25 2 0.53%
HOJ5 COM NY Harb ULSD Fut Apr25 3 0.77%
HOK5 COM NY Harb ULSD Fut May25 1 0.25%
KCH5 COM COFFEE 'C' FUTURE Mar25 2 0.79%
KCK5 COM COFFEE 'C' FUTURE MAY25 34 13.12%
KCN5 COM COFFEE 'C' FUTURE Jul25 15 5.65%
KWH5 COM KC HRW WHEAT FUT Mar25 4 0.31%
KWK5 COM KC HRW WHEAT FUT May25 56 4.46%
KWN5 COM KC HRW WHEAT FUT JUL25 30 2.42%
LCJ5 COM LIVE CATTLE FUTR Apr25 22 4.49%
LCM5 COM LIVE CATTLE FUTR JUN25 18 3.59%
LCQ5 COM LIVE CATTLE FUTR Aug25 1 0.20%
LHJ5 COM LEAN HOGS FUTURE APR25 26 2.49%
LHM5 COM LEAN HOGS FUTURE Jun25 19 2.06%
LHN5 COM LEAN HOGS FUTURE Jul25 5 0.55%
NGJ25 COM NATURAL GAS FUTR Apr25 45 3.87%
NGK25 COM NATURAL GAS FUTR May25 24 2.11%
NGM25 COM NATURAL GAS FUTR Jun25 9 0.83%
NGN25 COM NATURAL GAS FUTR Jul25 13 1.27%
NGQ25 COM NATURAL GAS FUTR Aug25 9 0.89%
NGU25 COM NATURAL GAS FUTR Sep25 11 1.08%
NGV25 COM NATURAL GAS FUTR Oct25 18 1.79%
NGX25 COM NATURAL GAS FUTR Nov25 3 0.32%
PAH5 COM PALLADIUM FUTURE Mar25 12 3.06%
PLJ5 COM PLATINUM FUTURE Apr25 17 2.25%
RSH5 COM CANOLA FUTR (WCE) Mar25 24 0.57%
RSK5 COM CANOLA FUTR (WCE) May25 25 0.60%
RSN5 COM CANOLA FUTR (WCE) JUL25 8 0.19%
S H5 COM SOYBEAN FUTURE Mar25 11 1.50%
S K5 COM SOYBEAN FUTURE MAY25 39 5.39%
S N5 COM SOYBEAN FUTURE Jul25 22 3.09%
S Q5 COM SOYBEAN FUTURE Aug25 1 0.14%
SBK5 COM SUGAR #11 (WORLD) MAY25 43 2.23%
SBN5 COM SUGAR #11 (WORLD) JUL25 19 0.97%
SBV5 COM SUGAR #11 (WORLD) Oct25 2 0.10%
SIH5 COM SILVER FUTURE Mar25 3 1.26%
SIK5 COM SILVER FUTURE MAY25 8 3.40%
SIN5 COM SILVER FUTURE Jul25 1 0.43%
SMH5 COM SOYBEAN MEAL FUTR Mar25 8 0.63%
SMK5 COM SOYBEAN MEAL FUTR May25 137 10.99%
SMN5 COM SOYBEAN MEAL FUTR Jul25 68 5.58%
W H5 COM WHEAT FUTURE(CBT) Mar25 2 0.15%
W K5 COM WHEAT FUTURE(CBT) May25 70 5.41%
W N5 COM WHEAT FUTURE(CBT) Jul25 33 2.60%
XBJ5 COM GASOLINE RBOB FUT APR25 -16 -4.05%
XBK5 COM GASOLINE RBOB FUT May25 -6 -1.52%
XBM5 COM GASOLINE RBOB FUT Jun25 -2 -0.50%
- TREASURY BILL DN 2/25 13,000,000 33.69%
- TREASURY BILL DN 2/25 1,800,000 4.66%
- TREASURY BILL DN 3/25 6,000,000 15.51%
- TREASURY BILL DN 3/25 1,900,000 4.91%
- TREASURY BILL DN 4/25 9,600,000 24.76%
- TREASURY BILL DN 4/25 1,800,000 4.64%
- TREASURY BILL DN 4/25 3,200,000 8.25%
- TREASURY BILL DN 4/25 1,000,000 2.58%
- CANADIAN DOLLAR 35,886 0.07%
- Estimated Cash -632,330 -1.63%

As of

Category Weight Est. Initial Margin Contrib to Vol
NATURAL GAS FUTR 12.16% 333,945 14.28%
SOYBEAN MEAL FUTR 17.20% 462,000 11.46%
GOLD 100 OZ FUTR 39.73% 670,450 11.24%
COFFEE 'C' FUTURE 19.55% 525,730 10.50%
CORN FUTURE 17.31% 294,794 7.65%
SOYBEAN FUTURE 10.11% 151,140 5.07%
COCOA FUTURE 3.64% 208,706 5.06%
WHEAT FUTURE(CBT) 8.15% 187,165 4.55%
KC HRW WHEAT FUT 7.20% 175,340 4.24%
SILVER FUTURE 5.09% 151,800 3.04%
LIVE CATTLE FUTR 8.28% 99,220 2.84%
LEAN HOGS FUTURE 5.09% 82,500 2.80%
WTI CRUDE FUTURE -8.41% 246,586 2.67%
PALLADIUM FUTURE 3.06% 158,400 2.47%
COTTON NO.2 FUTR -8.26% 174,528 2.44%
COPPER FUTURE 5.40% 118,800 2.21%
GASOLINE RBOB FUT -6.06% 132,154 2.19%
PLATINUM FUTURE 2.25% 52,360 1.57%
SUGAR #11 (WORLD) 3.30% 68,837 1.43%
NY HARB ULSD FUT 1.56% 44,405 0.86%
CANOLA FUTR (WCE) 1.37% 28,514 0.65%
CATTLE FEEDER FUT 1.37% 18,148 0.49%
SOYBEAN OIL FUTR -0.43% 11,220 0.27%
Total 148.65% 4,396,742 100.00%
Treasury Bill 98.99% 38,156,551 4.32%
Pure Cash 1.01% 387,810 0.00%
Total 100.00% 38,544,360 0.00%

Recent Distributions

Ex-Dividend Date Record Date Payable Date Total Distribution
N/A
$0.34840
$0.30000
$0.15000
$0.15000
Recent Distribution Disclosure
View Distribution History Supplemental Tax Information: S19(a) Notices

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